Have nuclear capabilities, it is nearing that milestone in the nuclear arms according to the pentagon. I want to get Market Reaction from abigail doolittle. We were much higher before this report. How are we thinking . Abigail we are right around where we were before those headlines. The s p 500 about. 25 . The risk on rally we have seen in august, the s p 500 in august up about 7 . Itre we are really seeing for tech stocks, the nasdaq 100 putting in another alltime high. At this point the nasdaq 100 up almost 1 ,. 9 . Not surprisingly, this has everything to do with apple, up 2. 6 . Yesterday climbing after it split, investors liking its postsplit facelift. There is a four for one split. Now the stop is around one hundred 30 as opposed to 500. The value is not different, but the optics may be more attractive to retail investors. Bloomberg put out an exclusive report about the fact the company is preparing an iphone blitz for this fall, targeting 75 Million Units to be sold. Perhaps th
Markets as the president suggests it could be two weeks of pain for the country. The indices are lower by about 3 apiece. We are off our lows right now. Some treasury buying on the 10 year. We had a massive build in crude oil inventories. We did see crude oil dip, but we are back at 20. 51. Inventory is the least of market worry at this point. The dollar index 99. 64, just a little bit of lightening up in liquid if the issues and the difficulties in that market. Lets go deeper into the markets and see what the dynamics are. Lets get to kailey leinz. Day, noit is a risk off doubt about it. It was the worst quarter since all the way back in 2008. Today in the second quarter, not starting off on a very positive note. Europeerging markets to to here in the u. S. , all of the Major Industries major indices are down between 2 and 3 , though off of the lows of the session. Really dire warnings about the coronavirus and he told it will take on the economy and corporate profit outlook. Those fe
Silicon valley chiefs head to the white house for talks that may lead to the easing of the sales blockade on huawei. Shery we will have more on that big tech meeting in washington and what this could mean for the huawei been later on Bloomberg Technology global link. First, that get you started with a quick check of how the markets closed the market session. A positive session for u. S. Stocks. We saw the s p 500 gain ground, up 3 10 of 1 . A couple of analysts calls, including one on apple, with Morgan Stanley boosting its price target. That actually made apple rally and the biggest winner on the nasdaq. Micron finishing more than 3 higher after Goldman Sachs listed it to buy from neutral. We also have some positive news on the u. S. China trade front. There could be talk about a potential deal in congress on raising the debt limit, that came after the market closed with President Trump saying a deal had been reached. We will have more details later in the show. Meantime, u. S. Ventur
Bullet finish the session there . We will have to wait and see. Some stocks recovering from major losses yesterday, including hunts transport services, having dropped 22 yesterday. Companies like alumina, which gave a negative outlook, really getting punished today, down 16 . The 10 year yield backup to 2. 12 . That is widening the spread. Crude oil above 60 a barrel and holding. The mexican peso had been weakening. It is back above 19. The president tweeting this morning that the Biggest Development in u. S. mexico talks on trade has yet to be revealed. Stephen mnuchin in the last few minutes warning the u. S. May hit the debt limit by Early September in a letter to nancy pelosi. Once again, the treasury secretary warning that the u. S. May run out of cash in Early September. Another develop and, up President Trumps labor secretary out. One week left. Alex acosta announcing this morning he is resigning. It was a surprise appearance by the president. We are joined by our Bloomberg Nati
The visit to stake out Common Ground in their struggles with President Trump. The u. S. Supreme court says a 40 foot cross can continue serving as a or memorial in a busy maryland intersection. Justices rejected arguments that the nearly one hundredyearold monument represents an unconstitutional government endorsement of christianity. The concrete memorial was built to honor 49 local men who died in world war i. Global news, 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloomberg world headquarters, im taylor riggs and for shery ahn. We are joined by our bloomberg and bloomberg audiences. Here are the top stories we are following. S p 500 is touching a record high. Chairman powells dovish delivery has fueled the global bond rally and boosting stocks. Setting up a day to go public. Slack technologies sword on day one and gives this company a market value of more than