Investors seemingly optimistic that the worst of the economic distress has peaked as states continue to reopen across the country. Meantime, disney presenting its plans to reopen disney world in florida on july 11. We spoke with Disney Ceo Bob Chapek. Disney shares ending slightly up. I want to bring in abigail doolittle, who has been watching all the moves today. What happened today . Abigail this year has been all about volatility. Earlier this year, that huge plunge. We had the huge rebound rally. Earlier at one point, the nasdaq down more than 1 , the faang index down for percent. On the close, looking at green, but with notable divergences. The rotation onto some of the beatendown areas. Take a look at that faang index. Down day, down about 0. 6 . Rising tensions with china, around hong kong, the china index down about 1. 2 . Interesting divergences on the day. Theof this does speak to volatility i was mentioning. Nasdaq,or the relatively elevated, the key 30 level. But nonetheles
Any moment. I want to bring in our Bloomberg Markets reporter, taylor riggs. Walk us through the equity markets. Pricing seemed to deteriorate toward the close. Taylor so much volatility today, on days you would typically see from earnings. Companies reporting like caterpillar, 3m, really thinking that the worst is not as bad as it seems. All of that, like you mentioned, really deteriorating into the close. A lot of that had to do with Consumer Confidence data, showing that levels are down to the lowest since 2014. The russell 2000, 1 of the bright spots in an otherwise pretty negative day. Continued talks about states separating from the federal government and trying to reopen on their own time, a lot of these smallcap stocks are the performers today as we continue to get these talks about reopening the economy. Crude is another big story we are following today. All over the place today. Positive, negative, positive territory. About 3 act ending up higher or so. You did have some nega
Great depression. Shares of u. S. Bank stocks looking very weak compared to tech stocks which have been guiyang the which have been buoying the rally. What an incredible rally, the huge losses on the back of jobs numbers which we are getting too used to. Taylor it was incredible, looking at some big losses and in the final hours or so, managing to reverse that and post some of the gains. The only sense of caution is tech is not leading the gains. Tech for one of the first few times has been the underperformer. On the downside in the last two days. The good news is it was not leading the losses. You have microsoft, facebook, being held in a meaningful way. When they are not leading the game on days like this when you would expect to see outperformance, that has people cautious about really the strength of the rally. Quickly, saidere if someone was not watching the stocks already, you should be. If you want to believe in the strength of the rally, you have to see the Big Companies start
A slew of corporate earnings role in over the next few weeks. Ibm withdrawing its forecast. Have netflix for you tomorrow. Tech this morning buoying the markets. Is taylor riggs in new york, who has been following all of the back and forth. A wild day. Nasdaq up and down. Taylor firmly in the red on the closing bell. Nasdaq at one point in the green, then turning red solidly, off about 1 . What is going on in the oil markets. To goinute, i will try through some of the technicalities. It is the may contract up for expiration tomorrow. If you are a holder of the contract, tomorrow, you have to take delivery tomorrow. Thehad a massive selloff in may contract, at one point settling down at 37 per barrel as traders tried to unsettle may and roll that forward into the june and july contracts. A much better indicator of where oil is trading at the moment. A much better indicator but barrel. Ess 37 per it will be all about june and july going forward. Go tone contract could about demandl destr
It was nominated for 11 categories, including best actor. Two of the nine films nominated come from netflix, the irishman, and Marriage Story. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. His political fight for an vonnie it is 1 00 in new york, 6 00 in london, 2 00 in hong kong. On vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Earnings season, banks kick off the season this week. With ilanaak weinstein. Her views on the health of the Hedge Fund Industry and the supply demand dynamics. Outbreaks of the disease are increasing. Cases are skyrocketing in the u. S. , europe, and asia. Lets take a temperature of the market this month. Kailey leinz is with us halfway into the trading day. Kailey vonnie it is 1 00 in ne, 6 00 in we have be