And more evidence that were not in the 20th century anymore, toto. Esports coming to cable. Why competitive video gaming could be the next frontier in the new world. Now cocacola is stoning production in venezuela because of a shortage of sugar. Wheel talk with a global economist about the impact this could have across latin america. Some of the stocks including homebuilders. Mary tom sn is on the floor with the details. Mary . Hey, there, bill. Markets rallying on the back of a strong gain in europe. Then we have the housing data. Theres also a bit of a short squeeze going on. Volume is not that great. Ill tell you whats great. The action on the back of the positive data for the april housing. We have Toll Brothers right now with better than expected numbers. Its stock trading at 29. 30. To the right you see the others, pulte homes and others. The home numbers have given a lift to some of the suppliers of the housing industry as well as the appliance makers and other makers like whirl
At its slowest pace since 2012. The financing terry saying it is trending down the territories budget today. The local economy is laden with the risk. The government is protecting 2016 gdp growth between 1 ansd 2 . Questec look at the markets, hong kong and china currently closed for lunch. Heres how they were trading, were seeing the global rally were resuming a selloff picture for tokyo and mumbai. Time now for bloomberg west. Emily another suitor for yahoo. Appears in the form of time inc. Where does bill gates and stand on apple and encryption. We asked for the microsoft cofounder to clarify reports that he is on the side of the fbi. The market selloff is dragging fintech down with it. We check in what is happening to funding and evaluations. Emily one day after apple called on congress to take up the matter of encryption and privacy the senate has proposed a measure that would make it illegal for apple or any u. S. Tech company to refuse government orders for access to encrypted d
Getng to see if they could a production freeze. They could not agree on anything. Oil plummeted. Now it has had an incredible rebound. Alix we were down. It was pretty lackluster, and thet when the bell opened u. S. , stocks shot higher and continued to grind higher throughout the session. Energy stocks also performing incredibly well. Exxon adding 15 points. Energy stocks at the highest level right now since december. Part of this is also short covering. Covering theirs short bets. Nevertheless, the fact that energy was technically down and stocks still rallied to their highest level of the session was incredible. Joe the theme of the day was instant risk offset around the world. It started in japan. There was a rush on government the 20 year and 30 year. Look at that line. It goes straight down over time. It looks like every day we are hitting new lows in japan. Of course, the failure in doha to get anything accomplished gave emerging markets a boost. Rubleg at the ruble, the initial
Caucus, and that is what i intend to do. Cory hes at his recent surgery on his face after an exercise accident left him with time to ponder and think about his future. The germanwings copilot to appear only crashed flight 9525 on purpose was suffering from an unspecified Mental Illness according to a person for late with the matter. Investigators found a note in the duesseldorf flat of Andreas Lubitz saying he was unfit to fly on the day the crash. The lawyers say the films of the victims will build a seek a limited amount of settlement because of the apparent suicide. Saudi arabia and sunni arab allies and shia rebels in yemen on the second day of airstrikes. Numerous strikes reported around the yemen capital in a nearby airbase. Rubble li iran is calling t rebel ally iran is calling for talks. When the right to sue google over the alleged misuse of privacy settings. They say they bypassed security. The Appeals Court rejected googles claim their was no cause to sue because the consume
You see right there. And as for the tenyear note yield, which has been below 2 barely, but there it is still maintaining those levels. Lets get to our road map this morning. Begins with dow chemical which is splitting off and selling one of its units. Jim is speaking to chairman and ceo Andrew Liveris in a first on cnbc interview. Very excited. Yes. Yahoo approves 2 billion Share Buyback program. Well you details on that. And guess how much googles new cfo, ruth porats, making in her first seven months on the job . Its a big number. Well give you details exactly how much in a minute. Lets get to the Broader Market here. The government reporting Fourth Quarter gdp expanded at a 2. 2 pace unchanged from last months estimate. Corporate profits fell in the period while Consumer Spending up 4. 4 . Date coming as Oil Prices Lower and stocks look to avoid a fifth consecutive day of losses jim. As we come to the end of the quarter, of course weve got, what, two more trading days next week the