On todays show, were speaking and peterhaffer dixon, Global Equities economist at commerzbank. If you have questions for either of them, go to the bloomberg. Run the tv function and hit the id show producers function. You can stay in touch with us throughout the show. Weve just got some breaking news to bring you. Eurozone manufacturing pmi, it hs bang in line wit estimates. This after we got a little bit of a softening in the inflation data last week. This number coming in strong. Lets get to the markets, see how they are performing. It was a Strong Quarter for global stocks. Equitieseing european starting a quarter on the front foot. The stoxx 600 up 0. 2 . Euro rebounding after four days of losses. Little bit of sterling weakness coming through. That is off by 0. 1 . Wti holding above 50 a barrel. 50. 56. Lets get the bloomberg first word news. Heres Sebastian Salek. Sebastian donald trump says america can address north Koreas Nuclear threat unilaterally. Summitments, ahead of a bet
Plus the north Korea Nuclear threat. It could fire off the latest round of missiles as early as tomorrow. The u. S. Dropping in the meantime the largest nonnuclear bomb on afghanistan yesterday. The mother of all bombs targeting the Islamic State. The latest on the United States message of force to the rest of the world. Amid rising geo political tensions investors have pulled back. A rocky week for stars, all three major market gains down three days in the row. Markets are closed for the holiday today. Bellagio hotel up in flames, Las Vegas Strip shutting down after rooftop caught on fire. We have the latest there. The United Airlines problem, a man stung by a scorp own after it fell from an overhead ben. That claim says he will take legal action against the airline after detailing the extent of his injuries. Plus the drug crisis in america, las vegas becoming the first city in the country to have a vending machine filled with needles for addicts. And holiday could mean a big weekend
Calculation by me came to roughly a 7 decline when the market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know youre puzzled. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. It was downright absurd, totally insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in wi
Market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. Thats how youll know whether insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in with real money, why they were motivated to do so, and how they moved the market. T
Be wary of . All things to talk about coming up here. Plus, speaking to a top strategist for a take on which sectors could be big winners of the uks move to leave the European Union. And one industry really hurt by brexit has been the cruise lines. Coming up, carnival ceo with us telling us how the uks plunging pound could affect his companys bottom line in a little bit. Also, nike set to report earnings after the bell and give investors a good read on the state of the consumer spending. We will have instant analysis of those results here on the closing bell. Lets start with rebound and whether its a head fake or not. Bob pisani, what say you . For the most we are doing well and going into the end of the quarter. Just off the highs of the day. Oil is moving up, as well, in the middle of the day. Take a look at the sectors and tell l you whats important. Most beaten up sectors in the quarter moving. Bank stocks and retailers that are horrible and restaurants and thats the jets, the airl