House speaker blocked his bid for a monday vote. Its election day in canada. Prime minister Justin Trudeau looks to retain power but loses his parliamentary majority. Kathleen later on, Bloomberg Technology global link. We will discuss the bailout plan for wework as softbank is said to be taking control. We are taking a look at how u. S. Stocks ended today. A big day for the s p 500. A gain seven times of 1 . It gained to 7 10 of 1 . Over 3000. Importantly, it is getting close to its alltime high in july at 3025. 3006 on the s p 500. Nasdaq gaining 9 10 of 1 . Apple hit a new record. Pharmaceutical surging as they reach opioid settlements for thousands of complaint ands. The Dow Jones Industrial average lagging the other gains. 2 10 of 1 . 26,827. You. Can blame boeing. The second day you can blame boeing. The second day. When you stand back, and a lot of positive impetus today as more signs emerge that a trade war, even if it is a phase one deal which can be a sign between President T
Uranium etfs. Im Katie Greifeld in the york and welcome to bloomberg markets. You look at the board. A lot of green on the screen right now. S p 500 higher by. 4 . We are on track for a second straight week of gains. It feels like a while since we have seen that. You look at big tech. Currently higher by about. 6 . Your leader right now is the semiconductor industry. The Philadelphia Semiconductor index up about 120 on this friday 1. 8 on this friday. We have breaking Consumer Sentiment data crossing the terminal right now. Mike mckee joints with all the details. Michael i apologize. Its a nice friday and you are all in a good mood. The American People are not. We have a big drop in the university of michigans sentiment for the month of may. 67. 4, down from 77. 2. Current conditions fall to 68. 8 from 70. The outlook falls to 66. 5 from 76. The headline number is the lowest since last november. People are not very happy across the country. Coming up we will try to get more on that fro
Opportunity. And what a week it has been for the cryptos. No, those are not superheros and they have not been performing this week in any way like a superhero. What happens now after this bitcoin plunge well talk with a head fund emergen manager who is sticking by his opinion. A boxed power lunch starts right now. Tyler, maybe we should call it tales from the cryptos. Youre welcome america is staring at a Government Shutdown but investors taking it in stride, because you smart cnbc viewers know it doesnt hold stocks. They are down, but they are on track for another winning week three dow stocks in focus for the opposite reason, however, ibm down 4 . Despite breaking a 22 quarter declining revenue streak and amx down 2 and ge could not get out of its own way and now the stock is at sevenyear lows on the pace for the worst week since 2009 oh, ford sinking again ford dropping to the lowest level in four months and sound the alarm, adt sinking on their first day and that is even often a lo
Leaderboard. No bubba watson. Its right behind you there it is there it is. Caterpillar, apple moving up, boeing, intel, verizon, theyre all there. Mandy is still down under. Kayla tausche down on the floor of the New York Stock Exchange. Great to be with you here on this monday afternoon. We are watching the dow snapping that sevenday losing streak. Also seeing its first 200pluspoint gain since the middle of july. Bob pisani is here with me on the floor to look a little bit deeper into what exactly is pushing the markets higher. Is it all industrials today . No, it is pretty broad rally. 41 advancing to deshriclining stocks. Seven days down in the dow industrials. That doesnt happen very often. Were due for a bounce. Theres hopes for stimulus in china for all the wrong reasons. Look what happened to china today, both shenzhen and shanghai up 4 to 5 . Economic data was very disappointing overall here. Ppi and trade numbers were terrible. But shenzhen and hang shy both rallied, hong kon
Welcome to power lunch. Stocks are moving lower but the dow, s p and nasdaq did manage to hit new highs in the session. First, the losers, blue apron taking nearly 20 at record lows they say the new Fulfillment Center in new jersey is eating away at profits. Trip adviser is down by about 20 on the revenue miss. Red robin, can you say indigestion. That stock is down 30 they are missing the mark and slashing their profit forecast the double digit winners, valiant pharmaceuticals earn more than 15 . Weight watchers is up 17 . The company beating on the top and bottom line says it is testing a Meal Delivery service. Oprah smiling today. She is up over 600 on her investment in wtw, wow if you are wearing a blue apron at red robin, you have a problem. Down about 40 im Tyler Mathisen here is whats happening after a threemonthlong battle, bill ackman loses his bid for three seats on the board of adp. Home prices rose 7 . 48 of the nations top 50 housing markets are now considered overvalued. A