228 points, s p climbing. 67 . Nasdaq gained. 68 house of pleasure. You have to wonder will we get a monster run to dow 30,000 . Is this a total s p 500 jail break . Is the sky the limit thats how i feel after watching hours and hours of tape and marveling that once again we have such broad leadership from the industrials, the airlines, the financials, even the tech stops. This move is eery. Whats driving it . Oh, you know, come out here every night, same as always. Stock shortage, its really been acuteness in the industrials 401 k money being thrown at the market animal spirits a stronger consumer. Tax reform deregulation and a general reevaluation higher for all stocks. Whos doing the leading . Once again, its boeing, its caterpillar, adobe, alphabet, its apple and its netflix. Oh, sure, periodically we have to change things up. Today was all aaang, which is what happens when facebook stumbles so badly it isnt worth the faanging a nic ing acronym. I swear if boeing keeps worrying, yo
Right now. Welcome to power lunch. Im melissa lee. Stocks are trading in a very narrow range ahead of the fed. At the top of the next hour, the dow managing to hit another record intraday high. The nasdaq trying for its 11th gain in 12 sessions. Apple on pace for its Third Straight day of gains. It is up in the past weekment a number of big retailers also on the move walmart hitting another 52week high it is up more than 8 . Target, dollar general, the biggest winners in the s p right now. We begin this hour at the white house. Justin trudeau will arrive shortly for a meeting with President Trump. Trade, the topic eam eamon javers live. Reporter not a lot of the pomp and circumstance that you see with head of state meetings. We are waiting for Justin Trudeau to arrive any time now there has been a lot swirling around the bhit houwhite house s morning. The president woke up to an article in which thomas barrack, the real estate investor, criticized him saying the president is better tha
This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly
Now, they are mixed in trading. They pretty much have been for most of the day. Volume has been pretty off, as well, especially as we head towards tomorrow and the july jobs report. Earnings are backandforth today, and this is what we are getting. Training s p 500 within a band of only about 10 points or soap you right now, the dow is down. 1 . Lets take a look at the s p sectors. Lets look at the Sector Health in my bloomberg. Generally speaking, a majority of our sectors are in negative territory, financial done the most, by about. 3 . Energy also down by about. 3 to technology is up the most, by about. 5 . Materials up. 4 . Taking a look at what is happening in terms of the biggest loser, metlife scraping the bottom of the barrel right now, down about 10 . Lifeis the u. S biggest insurance appeared secondquarter profit fell on the order of 90 . It plans to cut costs by 1 million by the inbound of 2019. This is its biggest fall in six weeks. Leslie get energy in terms of oil. Oil is
Nominates parentheses except an election year. Thats not the way our system works. Clinton called on republican senators to confirm a new justice. Calling it their constitutional duty. Republican senators to confirm a new justice. Calling it their constitutional duty. Clinton also spoke at the university of nevada about Womens Healthcare issues. Wel show you what she had to say coming up at 530. Live at Truckee Meadows Community college, terri russell, kolo 8 news now. Meadows community college, terri russell, kolo 8 news now. The death of Supreme Court justice antuhnin Antonin Scalia over the weekend has touched off a political firestorm. Republicans are threatening to filibuster any nomination by president obama. But democrats are fighting back. Think that Mitch Mcconnell has it right on this issue. The constitution is pretty clear and that is, it is the job of the president of the United States to appoint, nominate members to the Supreme Court and the senate confirms. Democrats have