We have got the world covered on Bloomberg Television on this epic day. Live in london as we see results from the u. K. Polls. Here in washington, were all talking about james comeys testimony. We will have plenty of reaction to that. Absolutely. This is bloombergs continuing coverage of the u. K. Election result. It is just after 7 a. M. Just after 7 p. M. In washington, d. C. Im Kathleen Hays. Is that shocking exit poll out of the u. K. We are focusing on, suggesting this election could go either way. Not what we were expecting when asia went to bed last that. The instant reaction was on 1. 9 at the fell start after we got those exit poll results. Some of thoseng declines but as we get the early both starting to come in, certainly it is going to be a very long day for everybody because it could go either way. Question is what kind of majority the conservatives and the labour party are going to have an prominent . That is biggest question now even ifresa may theresa may retains her se
Goldman sachs. Some pretty harsh words. We have details on that coming up here. Reversal that continued from the session on monday. Really tech has beenleading the marke again today, but underperforming over the last month. We have a debate on which names in the sector are worth buying right now. And President Trump criticizing china for its economic relationship with north korea in the wake of north korea launching that icbm over the weekend. Were going to take a look at what the president s rhetoric could mean for u. S. Companies doing business in china. Thats momentarily but first, you saw it here on cnbc the fed releasing minutes from its most recent meeting in june there seems to be some debate among the fed members about when the fed will actually start reducing assets on its Balance Sheet. Joining our closing bell exchange, we have with us, peter from the Lindsey Group steve from stewart frankel, and our own Rick Santelli is in chicago. With a fine tooth comb no real surprises.
That is surging thanks to all things robotic power lunch starts right now welcome to power lunch. You can see stocks are higher right now. The dow is trying to avoid its third loss in four sessions. The s p 500 will be up for a third time if it can finish the green. Right now, its higher by five points not just best buy thats taking a beating, other retail names also getting hit dicks sporting goods, kohls, nordstrom, all off between 3 and 6 heres what else is happening at this hour tesla firing back at reports that sales in hong kong came to a halt this after a tax break for electric cars was slashed. Tesla says its business does not rely on Government Policies and the Hong Kong Government will continue to be strong. But for all you traditional car drivers, the average gallon of gas down to 2. 31. All you people in South Carolina can smile. You had the lowest average cost in america at 1. 93. More people are hitting the skies, as well Southwest Airlines says passenger traffic grows mo
Things. Stuart with me, hes not going to get away with it. He says kim jong un should be very, very nervous, china state media says this, if north korea shoots first, china stays out, if america starts it and tries regime change, china steps in. Face to face standoff and thats what investors have to live with as the weekend approaches. The possibility of Armed Conflict with the markets are closed. Each new headline will have new impact. Follow it all minute by minute on Varney Company, the friday edition is about to begin. Stuart so where we are in 28 and a half minutes when the market opens . Slightly higher across the board. Heavy selling from yesterday has not continued so far this morning. But, remember, the duh has dropped just 1. 25 since monday. Here comes a tense weekend, would you buy ahead of that . We shall see. How about the price of gold . Thats another twomonth high at 12. 91. Flight to safety. Oh, will you look at this. Its can you believe this. Jc penny resulted the res
Business owner. Pol, for the shooting of 81yearold marie buck inside of her grocepy srpre in philadelphia. Chad pradelli is live. Reporter yes, sara that person of interest was p, last night and so far he has not been charged but pol, they are building their case. If the size of a makeshift memorial judged a victims heart. Marie kicks must have bas n bi. The flowers and candles outside of store grows by the hour. Its a trap no reason. She was such a good person. Marsh will be remor wared aa ftaple in this community. A woman that raised three generations of children. Of rations of children. Interest in custody and detectives believe that rratenp is the mbuive but the 8y 81yearold was not the intended target. They began drat ioping hthe s waing p, photo near the murder scene on south 6th. South 6th. Elol, murder weapon but a steady stream of people are visiting the bin cks children at the famy ofome. Cks children at the famy she will never be forgotten, nevada. Af tshwing will take sonac