Feel like theres always a connection with my ancestors here. I know that every piece of the bar care, every strip of it, every layer thats inside every ring of a tree. Theres a part of their dna. Theres a part of their energy here because they were here with this cherry stood with grass and things for around has that of now, where its holding on to looks like its a just a few years ago, a maritime forest stood here in the us state of South Carolina, salt water has killed the trees. Queen quit shes known, is the elected leader of the cruise. I get the people, an African American community in the coastal south east. They lived on this land for centuries. The unique only get to the shore line anywhere here to see how climate impacts on. We have seen the sea levels rising. We have experienced more intense hurricanes, and weve ever experienced that my entire life. And so for years we were saying to people, to politicians, come look at whats happening, there is something wrong and rapidly ri
Seat back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully . With the dow climbing 369 points, the biggest twoday gain since december, 2008. S p pole vaulting. Nasdaq rocketing 2. 5 . Arent we supposed to want to roll costs down and down and down some more . Not up huge as they were today . I know its tough to explain how oil is spiking, almost 10 the biggest oneday move in six years. It will be a positive. Today it was certainly hailed by investors as a big one. Lets go there, though. Because its what happened today and it was a very important day because it was a stress reliever. A stress reliever, for many of the biggest investors of capital all around the globe. Let me set the scene up for you. The proximate cause of the nasty selloff we traveled through the weakness in chosen, it was exacerbated into belief until yesterday that the fed seemed unaware and how frail the worlds economy had come. But yesterdays comments from new york fed pr
The games today are phenomenal. Over the past month youve had a deseptember come back for their of these retail stocks. About six to eight weeks ago we were talking about macys. For a trade fantastic. Its up to 39. It does so on the back of better than feared comps and better than fear gross margining. The real story im suspicious of because we dont know clear details of whether these are wholly owned stores or leased stores but when you think about macys the impact Going Forward is do they retain the Customer Base and do other stores benefit from the closing. This does not take me away from my retail ownership names i want and that is tjx and burlington. I wonder, the narrative it had been were spending but were spending on our houses and cars and the car numbers have been great, but amazon is eating everybodys lunch and you dont want anything to do with a big box retailer or anything selling apparel. Now i wonder if the narrative is changing finally. No, its not. I dont believe its c
Just getting breaking news from the iea. Leading up to that doha meeting on sunday, on oil. The iea coming out with some figures. Shale output drops. We had the head of commodities from Goldman Sachs on a couple days ago and he says the problem with shale Gas Producers in the u. S. Is because they can come back online quickly. We have a great lineup. Joining me this hour is paolo scaroni, former ceo of italys Largest Oil Company. A bloombergk in exclusive. Well talk luxury. Burberry down a percent. Lets get straight to what some of the major market moves are. European stocks opening flat. Curdrude, that is the one we are watching out for, because of the doha meeting. We will speak to paolo scaroni. I wanted to show you the Singapore Dollar. Its boe day. Lets get straight to the bloomberg first word news. Nejra new Zealand Central Bank has said a journalist great surprise interestrate cut last month. A news hub reporter sent information about the cut to media lockup on march 10 before t
The s p is higher by 1 while the dow is fractionally lower. The russell 2000 dropping 6 in a month. Take a look at u. S. Equity futures this morning. Did you check those before you came in. Nice, right . Or were you waiting to see. I didnt know what numbers were. S p 500 looks like it will be up by nine points now. If it were to open up now it would be open 23 points. Have someone that drives me in. I know all of this stuff. Foreign exchange. But it changes often times. No, no, pretty good idea. If its down 200 you know its down 2000. I knew it was probably just positive. Europe trading things like that. Nice. Just like a professional sort of. Do you know, can you do i cant. Whatever it is, i cant. You cant do the call of the consumer . Do the call of the consumer . What do you think . John, do you have any stuff like that that we can thats not bad. Anything else . Not bad. Hes fast. Hes fast. I dont know. What is the call of the consumer. Do you know . I dont know. I said it. I heard