There we are back to it. Technical difficulties. The dow is there but the other averages are not quite there. It is peak day. We have some were coming after the close of trading. The s p dream is earnings season about 0. 4 . The transportation average is up about 0. 9 . Outperforming what we are seeing from the major averages due in part to earnings. Increasesand price coupling to help Union Pacific make up for revenue that was lost in storm disruptions and also auto and carloads drop in those. Fell. They climbed in the third quarter, which was more than double an increase for a year earlier. Hey had a bigger gain actually, we will have to toss it back to you, abigail. Abigail thank you. Good stuff. President trump is due to deliver remarks were the Opioid Crisis shortly. Another pressing issue is in focus today, tax reform. House republicans adopted a resolution to cut taxes by the end of the year. This budget we passed in the house today brings us one step closer to historic tax refo
Indicated by the supreme court, let us move on. In nairobi tossed Water Cannons and fired tear gas at stonethrowing protesters today. They are protesting todays rerun, saying it is not credible. Many polling stations in opposition areas did not open today because of security concerns. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Abigail live from bloomberg , were 30dquarters minutes from the close of trade and stocks are declining as the dow is learning with a new record high. The question is, whatd you miss . , microsoft and intel all report. President trump speaking last hour at the white house about the Opioid Epidemic in america. He called it a National Public Health Emergency. We look at the impact its having on the labor market. Ingles be to nigel travis about his companys results in where his thoughts are on wages as we look ahead to next weeks jobs report. Scarlet opioid abuse is
Families, i do not think that is right. That is the exact message i got from this administration. Mr. President , i want to thank you, thank you for your leadership. I want to thank the Vice President s. I have only been through a few president s, but i have never seen somebody so handson. Walk into my Office Yesterday morning and they say the president is calling again. [laughter] rep. Mccarthy i pick up the phone, i happened to be the majority leader and i know my members well. The president gives me analyst of who i think would be best to talk to on the list. [laughter] rep. Mccarthy he was right. [laughter] rep. Mccarthy mr. President , they all voted for the bill. [applause] rep. Mccarthy today is a start. Today is the start of a new beginning. Yes, it is about providing Better Health care, but i happen to have been a Small Business owner. I listened to my district. You know how many families no longer have 40 hour jobs and now have to take two parttime jobs . For how many Small B
The hang seng market was up and so was the shanghai. The dax was up by 1. 4 . The cac up by 0. 9 . The ftse up by a quarter percentage point. If you check out crude oil prices, youll see crude oil is under significant pressure once again today. Down 1. 38. Down below 47 a barrel. 46. 98 is where the july contract for crude is trading now. Lets get you through todays agenda about the labor market. May jobs report out at 8 30 a. M. Eastern time. Nonfarm payrolls forecast to ride by 184,000. Thats following an increase of 211,000 back in april. The u. S. Economy added jobs for 79 straight months. The Unemployment Rate expected to hold steady at 4. 4 . The lowest level in a decade. Russian president Vladimir Putin will be speaking in st. Petersburg at a forum alongside several other World Leaders including indias modi. The session will be moderated by nbcs megyn kelly. That begins at 7 00 a. M. Eastern time. A programming note, sunday night megyn kelly has an interview with the russian pre
Just under 30 minutes to the close. I wouldnt equities in a second. I want to look at sterling volatility. We have seen the pound spiking after in pc member said after mbc members that he could vote for a rate increase as early as this month. Sterling set for the biggest decline in a week. Usually on the mpc. Dovish side of the you can see it rising at the end of the chart, hitting a ties level since april. Action at gilt, more on the front end. We have seen the front end of the twoyear get yield rising eight basis points with a 10 year yield rising for basis points. Here i have shown the curve of two verses 10, you can see the flattening off. It is certainly at its flattest level of the year since november. We will talk about the gilt Market Reaction in a moment. Talking that equities with the close coming in 30 minutes. We are seeing losses on the stoxx 600. This is the second day of decline for the stoxx 600. In fact, the stoxx 600 headed for the biggest twoday drop in a month. Most