Became careless using their own phones to report fires. The European Union has notified safety authorities in britain, france, sweden and switzerland, that was precautionary measures that some bigs contaminated with an insecticide may have entered their territory. The European Commissions say that germany and the netherlands notified the eus both safety alert system over the weekend. Andhey notified the system to share the information so that. Verybody knows bigs are traceable. Great for European Commission also stressed that bigs contaminated with an insecticide have actually enter those countries. Belgian and dutch authorities are investigating how the insecticide came into contact. More hours a day, powered by more than 2700 i amalists and analysts, mark crumpton, this is bloomberg. Live from bloomberg in new york, Joe Weisenthal is uptodate. We are 30 minutes from the close of trading. Thisstocks are higher monday. The question is, what did you miss. Two titans of the bond market a
Was oil woodhead sharply lower and stocks would fall along with it, yet that is not what has happened. Have p and the dow each. 5 not a runaway rally but if you look at the s p 500, you will see what im talking about here. A gradual increase throughout the morning and what is interesting is as we have seen ad itslly, the dow highest and nine months, we have seen people dumping their short nuts on the s p 500. But you have here is the measure of short positions on the s p 500. Weve seen a decrease in those positions at the fastest pace in four years, sort of a far and of this chart. Beenosition has substantial as people have been squeezed out as stocks go higher. Mentioned stocks year with oil wiping out some of its losses. Julie you can see it was lower but climbing back substantially, down almost 2 . Flirt with the positive before closing down by a little bit and we continue to watch the correlation between oil and stocks. Looks at the two and we have the 120 day directional correlati
Technology is lagging today. Weve got informationtechnology down about. 6 , paring its earlier decline, but still the biggest drag on the s p 500 as it is the heaviest weighted group. Consumer discretionary also lagging. Energy shares up 1. 7 percent and financials being led higher after those Goldman Sachs earnings. Alumina is a health care stock, but the company does make genetic sequencing machines, down 24 after preliminary earnings that missed estimates. Netflix down after its forecast for International Subscriber missed estimates. We have amazon and google also lagging today, perhaps because of their exposure to video as well. Announce that standalone Video Service and google the owner of youtube. Facebook with a price target related to facebook messenger, those shares up by 1. 4 today. Overall, the clients and technology today. Lisa talk about up and down energy. Wasnt it leading the gains earlier today . Julie because oil is getting a lift today. Up better than 3 , above 41 a b
We will get to that in a moment, and also using 3d and Virtual Reality to make her movies. Find out why interactive is one of the big trend at the tribeca film festival. First, a check of your top tech headlines. Samsung says the money apple wants for Patent Infringement is 57 times to much. In san jose federal court, a professor testified if they have to pay anything, it should be . 35 a phone because of the five patents at the center of that case are of marginal value. Apple is demanding 40 per phone, or 4. 2 billion. The new York Attorney general, Eric Schneiderman ellis says more than 50 of the air bmb rentals appear to be illegal under state law. This comes as the site is fighting to cough up names of users tomorrow. Multiple reports say airbnb raised 450 million in funding, giving it a valuation of 10 billion. Airbnb takes aim at google fiber. The phone giant lands to expand its highspeed internet to 100 communities, including 21 major cities. At t wants to deliver the internet a
Headlines. Samsung says the money apple wants for Patent Infringement is 57 times to much. In san jose federal court, a professor testified if they have to pay anything, it should be . 35 a phone because of the five patents at the center of that case are of marginal value. Apple is demanding 40 per phone, or 4. 2 billion. The new York Attorney general, Eric Schneiderman ellis says more than 50 of the air bmb rentals appear to be legal under state law. Iss comes as the site fighting to cough up names of users tomorrow. Multiple reports say air bmb raised 450 ilion dollars in funding, giving it 450 million in funding, giving it a valuation of 10 billion. Air bmb takes aim at google fiber. The phone giant lands to expand its highspeed internet to 100 communities, including 21 major cities. At t wants to deliver the internet at speeds 100 times faster than standard web access. First, to our lead story of the day. It will soon cost more than 7. 99 a month for netflix subscribers to watch or