Collateral damage to train the glued cut the crude. I am angie lau where it is just past noon. Welcome to Bloomberg Markets middle east. One notable thing today is absolutely with the markets are doing, extending the rally. Especially after the china trade data rolled through, we have exports, imports, both up and better than expected, surprised to the outside. On the other side, what is supporting the markets, trump. Trillion, that is the number on my mind this morning. That is the market seeing this on this chart. Fresh out of our bakery, this really tells the story of donald trump and the u. S. Election. You are looking at the combined value. This is a month since the trunk win. Trump win. A billion dollars into the market since december 6 november 6. Said, they are extending record highs both from the s p 500 and dow jones. Bankshares, some of them at eight year highs. Angie it is, banking stocks rise for a third day. Lets get a look at the markets. Mumbai has been trading for thre
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
Opted out of the meeting in washington of the Global Coalition from the latest sign that the pentagons military relation with a key middle east ally may be suffering in the wake of the failed military coup. Residentn with a senior fellow at the Atlantic Council and asked, how vulnerable is the tricky military in the wake of the Turkey Military in the wake of the coup . I think the Turkish Military will have capacity problems. They are heavily deployed in the southeast in an ongoing entrances he campaigned against the bk ongoing insureds and see campaign against the pkk. And now theyre being asked to root out coup plotters. Their counterparts may be suspected coup plotters. Turkey has a lot on its plate going forward. So what jill so what you expect in terms of nato . The nato mission but obviously a lot of the nato countries are involved in the coalition, acting independently in their own capacity. Any air force base is hosting a ilt of the counteris airstrikes and was effective for th
Lets head to julie hyman who has the latest. Julie we are seeing a little bit of a bounce back to we are not say much magnitude in terms of percentage gains across the board. For major most averages. Following on the today decline that was the largest since early february. To be what wears are seeing here. Earnings continue to play into the equation. If you look at the stocks gaining on earnings use, First Quarter results theyre beating analysts estimates and also a 1. 5 lien dollar buyback. Chesapeake, you can see one of those volatile Energy Stocks we are tracking. Said it signed a deal to sell its oklahoma drilling rights for 470 million. ,raft heinz coming out expanding beyond catch up to mustard and barbecue sauce. That helps boost sales. Alibaba also rising after that posted a 45 in revenue. Trip advisor following on the heels of priceline yesterday but the shares have turned around despite missing estimates. Meeting estimates despite a not optimistic forecast. Shares are plungin
An unprecedented leak alleges corruption, among other powerful leaders. Plus, we go back stage with the winners of the Academy Award we begin this morning with a look at todays eye opener. Your world in 90 seconds. You shouldnt be littering up the process, because that is what he is doing. Its really a disgrace. Trump and cruz call for kasich to drop out. Only two candidates have any plausible path to winning the republican nomination. Me and donald trump. We are going to have an open convention and its going to be so much fun. We have offered dates and we have been trying to figure out when we could do this. On the democratic side, Hillary Clinton and Bernie Sanders lost in a debate over theirs next debate. Doing it during the ncaa finals makes no sense and doing it in the morning makes no sense. And two construction workers died. It feels a lot like winter in the midwest to the northeast. I dont want any more of this. Ive been bad. Ive been good. Country music stars brought awards. J