Platform outside johannesburg. It was the second train crash in the area within a week. Last weeks accident killed at and injured over 260. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Shery im shery ahn. Vonnie and im vonnie quinn. Welcome to Bloomberg Markets. And injured over 260. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Shery here the top stories on the bloomberg and around the world. Debate. Immigration taking center stage as President Trump meeting with a group of 20 lawmakers today. House Speaker Paul Ryan singh republicans want to solve the issue. We head to washington for the latest. Ethics whirlwind. Fx whirlwind. The pboc scrapping the countercyclical factor for the yuan. After shelving his hedge fund plan bitcoin champions mapping out a new opportunity. More on the bloomberg scoop later this hour. Vonnie breaking news on mi
The market rally lets get to dom chu to give us a broader picture of what were seeing here. The whoopwhoops are happening all over the place, not just on the floor but across wall street and investing america because we are, again, at record highs for the overall stock market the best start to a year for the s p 500 since 2003 back then, it gained around 6 were at that 4. 5 , maybe close to 5 at this point. Check this out the s p 500 over the past week is up 1. 5 industrials, consumer discretionary, energy, financials, cyclical, economically sensitive the ones who do good in a rising economy. Those sectors are outperforming. Meanwhile, Interest Ratesensitive sectors like real estate, telecom, utilities, Consumer Staples are the market underperformers. As for the best performing stocks in the s p 500 and the worst ones, check this out because we have at least Seagate Technologies showing its going to be the best er performing stock so far on the Dow Jones Industrial average side, no sur
Its still a hail mary pass to get this done, just the tax stuff. For that wait, the well to do are going to have to live with nothing, potentially, or worse, a hike, and yet the markets up. Its wild. Stuart still shaking the head. Neil i know its affecting your spending plans. Stuart i knew you would get to that. Neil thank god youre so cheap, otherwise this would have such an impact. Stuart it would have killed me. Neil thank you, my friend. It is amazing, stuart, that this market follows its own bullish trend and not being interrupted, even with the clear sign of no sign of progress on this health care rework or whatever theyre going to try to call it, because theyre going nowhere fast right now but trying, adam shapiro with the latest on capitol hill. Reporter hi, neil, where we stand right now is waiting for a vote on the rand paul amendment, a version of the 2015 repeal bill. Now this amendment would essentially be a repeal of the Affordable Care act. Obamacare. But with a twoyear
We made it to work. Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. The question is can we make it home again . We shall see. Its throwback thursday. Worldwide exchange all day then. Fine by my. Not sure by the viewers. This throwback thursday, throwing it back with love songs ahead of valentines day. I dont know this one. This is like oldie, classic oldies. Lots more love songs to come. Lets check in on world markets. This morning u. S. Futures after a minor selloff on wall street yesterday, a mixed picture for stocks. Dow futures up 2. 5 points. S p is flat. Same with nasdaq futures. The action was in the bond market yesterday, tenweek yield slipped to multi week lows. Theres been some buying in remember treasuries. Seeing the caution in the bond market. Its brought the tenyear yield down below 2. 40. Were at 2. 59 on the tenyear. Only a minor selloff. The story really was the resilience of the equity market in the face of big bond buying. Did hu
Do you recognize this pose . Legs crossed. Welcome to power lunch. Im michelle carusocabrera. First backtoback losses in more than a month. Utilities, technology are leading the way while energy lags. Another rough day for snap. The stock is down again. Trading well below the price of 21 a share. Ouch. Ouch, indeed. Snap, crackle and pop. Tyler mathisen here. Trade deficit jumping to its highest level in nearly five years as oil prices pushed up import costs in total. Zte Telecom Giant has agreed to pay the u. S. 182 million for violating iran sanctions. And clean up is under way in missouri after two tornadoes touched down last evening. About two dozen people were hurt but none have lifethreatening injuries. Jampacked two hours of power lunch coming your way. Brian sullivan is with us today from houston. Brian, what do you have on tap . Weve got a lot on tap, tyler mathi. Sen, thank you so much. We have a bunch of ceos for our cnbc audience. Conoco phillips, pemex and bp. Not just pri