The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Eternal father, thank you for giving us another day. The house is eptering a two week recess, many members will be returning to their districts to meet with constituents. We know that work will be getting done behind the overt political scene. While important and significant issues are being addressed, may all members be imbued with the wisdom of solomon, the patience of job, and proceed like nathaniel who was a man without guile. In all, let there be more light than heat. May all that is done be for your greater honor and glory. Men. The speaker the chair has examined the journal of the last days proceedings and announces to the house her pproval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. For what purpose does the the gentlewoman from california seek recognition . Thank you, madam speaker. Pursuant to clause 1 of rule 1, i demand a
Faces its first right with the packers deciding how much to uaw in years. Admit the next investment caroline abigail, what are you vehicle after a bet on we work sours. Watching . Abigail crude oil, today, that romaine todays top story. Saudi aramco growing a little the best that surge, bit less optimistic that there will be a rapid recovery since day in about a decade. There have technical difficulty the weekends attacks. Says itretarygeneral so i will pass to you, renita. Renita is huge jump in crude is too early to consider a oil today. Possible production increase. Oil, corn,ing crude he spoke exclusively earlier today with bloomberg. A collective, as well as sugar. Raw sugar futures climbed more than 1 . Decision of not only opec but corn since 95 g. He opec plus of it is ethanol produced by corn. Index is as energy a template on what would be done and when. More than 3 on the day. Romaine joining us now for more thesefluencing analysis is Cornerstone Macro Agricultural Commoditie
Euro economy needs. We will hear from the fed chair janet yellen today. Welcome to bloomberg daybreak our flagship morning show right here in london. In a half hour time we will be , renato luliaceo jacob. T is another deal this time a 4ll explore options for billion drugmaker. Have alvin gentry alvogen , along with under other owners exploring options. The deal size could beat 4 billion. Aplenty. Als alvogenot unilever and on the pharma could pharmaceutical side. The u. S. Is wargaming four or five scenarios dealing with north korea. A clear message came through. We are not, and have not, declared war. Youhe bottom of your screen see a drop in value. The yuane falls as falls, they are holding back. , we areh korean won coming back. The white house has said we have not declared war on north korea. You have a cabinet response versus the trump rhetoric. The market is saying we are not running away on the runaway train of war in the markets. It is reflected in the risk rate of stocks. A l
Short on details. Amid more detail permitted g. M. The latest company hit i the scandal. Betty we heard President Trump talk about tax reform and how it would be a boon for the average american. Also a boon for the u. S. Stock markets. He talked about how he has seen an unprecedented rally in stocks, based on his presidency. I want to pull up this chart, which i think is fantastic. It shows you how much the s p stocks have risen since trump took office. In thee has gained more timeframe he has been in office obama, and clinton in 1992, he is behind kennedy, bush in 1998, clinton when he was reelected in 1996, and roosevelt in 1932. Terms oft was huge, in how much market cap he has added, 4. 4 trillion. But that has to do with how much bigger markets are these days. Yvonne that speech in pennsylvania, President Trump the salesman came through. It was like he was on the campaign trail, once again. Emphasizing the middle class family. Some economists are still disagreeing on that front. B
Summertime good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sara eisen at post nine of the New York Stock Exchange chlgt market taking a breather after a strong week. Big tech of course setting record highs all week long led by f. A. N. G. Stocks as amazon continues to flirt with 1,000 a share. Nasdaq has only had three down days this month. Its on pace for fifth positive week in six. For more were joined by scale ventures partner kay mitchell here at post nine as well as Washington Crossing advisors Portfolio Manager chad morganlander. Guys, happy friday to you both. So much discussion, kate, about the nasdaq. Yeah. The gains, a multiple of what the other indices have done all month long, all yearlong. Exactly. And how painful this would be if it were reversed. Is that a risk . Well, its always a risk. These are getting pricey. I would say its interesting watching these companies. Theyre starting to establish by on a relative basis incredible dominance