Cspan, created by americas Cable Television companies and brought to you as a Public Service by your cable or satellite provider. [inaudible conversations] okay. Good afternoon. On Bradley Graham, coowner ofcs politics and prose along with my wife, and our behalf of everybody here at the gaithersburg book festival, thank you so much for coming. This is of course the seventh annual festival here in gaithersburg. This is the fifth Consecutive Year the politics and prose has been your as the official bookseller. We really want to commend the gaithersburg staff and all of festival sponsors and volunteers for working so hard, especiallyy hard this year given the weather to make today possible. And thank you all really for coming out. You are all a very hardy bunch. A few quick administrative notes. Qu that would be a good time to turn off your cell phones or anything else that might go beep. Second, if you are tweeting today, please use hashtag gdf come and third would really wan your feedb
Climbed the nasdaq has it did climb to two straight days, but today it is pulling back. Julie i want to break it to bring in some breaking news. The company is expanding its. Ermatology business a continues to pursue its takeover of monsanto. All of this according to people familiar with the situation and justding to news that given a bloomberg. The shares are down about 17 year to date. They sell a little less than 1 in todays session. That too it is going on in the u. S. , a little bit of a pullback in u. S. Stocks. Do with mario draghi, indicating that there will not be any more stimulus, at least not immediately. And that cause a little bit of a selloff in europe and has extended to the u. S. As well. That is coming despite the fact that energy is performing well he very well today. An unexpected drawdown for oil. Drawdown,n unexpected at the biggest one since 1999. 14. 5 Million Barrels declined in inventory. That explains the uptick in oil prices, now about 47 a barrel. We also c
The push upward is materials, energy, financial. Techolar downward has been and discretionary. The stocks working are those within that energy and materials group. What does this have to do with the dollar on the climb . The lowest in about nine months. When you glance here, the only one down is sugar. Highering else trading as we see that continued dip in the dollar. Betty surprisingly, it has been on tech. Julie that is that drag we have seen. Ibm coming out with a missed estimates. Those shares have been down and some of the other large cap tech share. Act has been the balancing throughout the session. Mark Hillary Clinton has lost seven of the last eight primary or caucus is to senator bernie sanders. Now the democratic president ial frontrunner is hoping to regain the upper hand. This is clinton is favored in the new york primary. Is counting on his home state to provide a big boost to the republican president ial nomination. Surveys show Esther Trumbo with johnbledigit lead over
Interviews. Policymakers hold nothing back. I dont want to talk about brexit. Plus, we dont miss a beat as earnings season rolls on. It is all straight ahead on bloomberg best. Hello and welcome to im erik schatzker. This is bloomberg best. A weekly review of the most ,mportant Business News analysis, and interviews from Bloomberg Television around the world. Last week ended with high hopes that a meeting of Petroleum Producers in doha qatar would result in a deal to freeze output and bring stability to the market for crude. But talks fell apart and this week began on a familiar note, uncertainty for oil. The much touted meeting of top Oil Producers. Agreeing in no deal. We are seeing crude and brent tumbling. What comes next you go . We are moving towards a balanced market. The markets are on a natural rebound. Towards the end of the year, we will be in a much more balanced market. Happens,ething major the next gettogether of Oil Ministers will be at the next meeting on june 2. In the
Interviews. Policymakers hold nothing back. I dont want to talk about brexit. Plus, we dont miss a beat as earnings season rolls on. It is all straight ahead on bloomberg best. Hello and welcome to im erik welcome im erik schatzker. , this is bloomberg best. A weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Last week ended with high hopes that a meeting of Petroleum Producers in doha qatar would result in a deal to freeze output and bring stability to the market for crude. But talks fell apart and this week began on a familiar note, uncertainty for oil. The much touted meeting of top Oil Producers. It ended without agreement or a deal. We are seeing crude and brent tumbling. What comes next . We are moving towards a balanced market. The markets are on a natural rebound. Towards the end of the year, we will be in a much more balanced market. Unless something major happens, the next gettogether of Oil Ministers will