Crude comfortable at 50. 8 0. Another 350 billion honest in hardware deals rummaged in the next three years. Wilbur ross had high praise for the deals that got done. I cannot imagine another business day as good for the United States and the kingdom. Kevin cirilli joins us now from jerusalem. Lets talk about those deals. Energy, andilitary, infrastructure deals done. How important are these for the president at this point . Kevin very important. Coming on the heels of the administration raising questions about the potential collusion for russia. I asked secretary ross of whether or not these investigations would cloud over the trip, and he believed they would not. Over 300 billion worth of new deals, as well as a 109 billion arms deal negotiated between the u. S. And saudi arabia. The folks i spoke with on the ground in riyadh from saudi arabia were impressed by the caliber of ceos in attendance. Representatives and top executives from Lockheed Martin, boeing, blackrock, and the new yo
Advancing Nuclear Weapons programs. In thailand, more than 20 people have been wounded in a bombing at a bangkok hospital. The blast took place at a military facility that is also open to civilians. A Police Official tells the ap that investigators found traces of batteries and wires at the scene. Brazils top court has stopped a scheduled ruling on president michel temer. Resultegation made in represents a potentially emer,ficant blow for tm Whose Administration has gone from one crisis to another since he took office a year ago. His predecessor was impeached and removed for alleged corruption. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in new york, i am julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. We have 30 minutes from the close of trading in the u. S. Julia stocks rising for a 30 day compression 201month high. Joe the ques
Adjustment and the median price of an existing home up 4. 8 yearoveryear to 247,700. This number coming in better than estimated. Today does not necessarily belong to macro. In more belongs to micro and corporate earnings that have been coming out. The ecb decision to not raise rates, notwithstanding. That has not seemed to disk to derail u. S. Stocks. The dow and s p have been pulling back from yesterdays record close. Was good to big corporate stories we are watching. General motors posting record earnings. They beat analyst estimates for earnings per share by 22 . Sales of 11 and the company attributed part of the beat to better pricing. Those shares are rising today. We heard from biogen. Secondquarter profit coming out and beating analyst estimates. The bigger news is that the company ceo is departing. Over doubling in sales at the company. More recently, analysts and investors have been scrutinizing biogens blockbuster ms drug. It is not growing as much as some anticipation. In t
Is all about the data. China outperforming, that has helped the bid. Italy and france coming in light, a mixed field across the globe. Onhas a significant move Asset Classes. Coming up, we will delve into all of that. Take of Americamerrill Lynch head of economics joins us ahead of the jobs report. Plus, why he says the fed should overshoot its 2 inflation target. 25 hours until the important jobs numbers, markets wait and see but we got global pmis and a little bit of risk taken on. In the equity market, the dax off the high for the session but pmi cominga german in line with estimates and European Banks seeing a huge rally, the biggest threeday jump since july. A little risk, especially across europe. The fx market, the stronger the u. K. Pmi coming entity 10 month high, the other story is still going to be the relatively stronger dollar, the dollaryen 10369, now at a onemonth high, the dollar grinding slightly higher. , the china pmi coming in almost at a twoyear zinc,leading copper
Better than estimated. ,ersonal income rising. 4 estimated by economists. 5 . Nal spending also up we like get the pce deflator and pce core. Pce is personal consumption expenditures, a measure of inflation closely watched by the fed. The deflator yearoveryear is up 1. 3 . The core number yearoveryear is up 1. 7 . Getting incrementally a little bit closer to the 2 target by the fed. Minutes we last few got a lot of Economic Data but the university of Michigan Consumer sentiment reading for february, the final rating for february, coming in at 91. 7. A lot of data to consider, on top of the final read on the Fourth Quarter gdp coming earlier this morning that came in better than estimated. Stocks are rallying in the face of that, but not by far a runaway rally. The nasdaq is leading on the outside. Considering we saw a big rally overnight out of china as officials they are left the door open to more stimulus, the fact that oil is higher, in the face of all that we are not seeing much of