The president for banning transgender citizens were serving in the military. Violates the equal protection clause of the constitution. President trump has given the pentagon six months to return to the previous policy that barred transgender soldiers. British Prime Minister theresa may is under pressure on two fronts as brexit talks resume. Eu negotiators want her to reveal her hand. The Opposition Labor Party is trying to lure her critics to its side. In theushing to keep Single Market for the longterm transition. A mysterious chemical haze that left more than 100 people in the english coast with burning eyes and breathing problems has dissipated, but the cause remains a mystery. The gas cloud appeared on sunday, sending people fleeing from the beach 60 miles south of london. Global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterl
2. 15 on a 10year. Kevin and can you stay long in the e. C. B. Meeting on thursday . John mentioned gasoline. At one point it was over 2 a gallon. The issue now is are we going to have the supply . Colonial pipeline has shut down different supply to the east coast. That could be an issue for this driving season, so watch that commodity. Copper, nickel, zinc all on the upside on that better manufacturing data out of china. Those metals have been a killer month. Copper had the best month, highest level in three years. Well talk about that as it relates to the 3 growth. Now lets get an update on headlines. Emma chandra is here with first news. Chandra a french Chemical Plant exploded in texas earlier today. The company, arkema, had expected that to happen after the storm knocked out Power Supplies needed to refrigerate volatile chemicals. Meanwhile, the storm has now knocked almost 1 4 of u. S. Oil Refining Capacity offline. Fuelmaking capacity is now at a sevenyear low. Harvey is moving
If you go back to say 2013 and consider the until this year, the reasons why inflation was low are not hard to understand its a combination of slack in the labor market, declines in Energy Prices and strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some by many of professional forecasters those have been rock solid we do also look at Household Expectations which have come down some. Marketbased measures of inflation compensation as we mentioned in the statement, they have declined, and they have been snabl recent months, but they have declined to levels that are low by historical standards. That might suggest that Inflation Expectations have come down, but, when cant get at clear read, there are risk built in to inflation compensation that make it impossible to extract directly with Inflation Expectations are so, you know, there is a miss this year. I cant say i can easily point to a sufficien
Best day in more than a year, the stock surging to levels not seen since february of 2015, helping the dow to close at a record high, after the retail giant announced a 20 billion buyback. Online sales, according to analysts, will explode in the next year. With walmart trading about 20 times earnings, amazon trades at 250. The question here is, should investors start valuing it like a growing tech company in other words, what is walmart really worth guy . I cant speak to what the valuation should be. Thats what the street is struggling with. They did say online sales will increase by 40 next year. You think about that, i mean, thats for like a startup type company. Thats not for a Mature Company like walmart thats a significant number. You mentioned 20 billion stock buyback. I think thats roughly 7. 5 of their market cap not insignificant. I think thats what people are struggling with. What is the right valuation . I dont know the answer. What i do know and our good friend carter worth
Welcome to power lunch stocks are mostly in the green but off the best levels. Nasdaq hitting new intra day record highs check out shares of walmart soaring more than 4 adding more than 20 points to the dour the dow he they bought back more than 20 million worth of stock and airlines are up 2 to 6 bullish signs fueling this group. We have the details just minutes away and im Michelle Carusocabrera here is what else is happening pfizer is thinking about spinning off its 15 billion Consumer Health care business. Honeywell also shaking up its business focusing more on aerosparroeros. And the imf raising its Global Growth forecast to 3. 6 this year and 3. 7 for next year. President trump right now having lunch with secretary of state Rex Tillerson. That is their first meeting since the reported moron comments eamon javers is live with the latest this one could be interesting. Reporter yeah, thats right. In fact what were told by the white house is this is not the first meeting, it was not