A rally that gives building as the day goes on. Which has been a leader all day long, it is now better than 1 . 5 . Dow and as the snp it is commodities given. Driven. Todayals are also rising as the price of underlying commodities are going higher and technology and industrials contributing to gains. A pretty broadbased in utilities. Utilities are the only down right now. Lets take a look at the underlying commodities. You heard Daniel Juergens 50 forecast. Your hearing more strategists come out and raise their forecast for oil. Goldman sachs, they have the latest. The oil is going to a deficit sooner then they had predicted. Now 47 67 a barrel. As bigures not seeing again, but we will see inflows into gold. Lets look at copper. Gold is the best performer in the s p 500. It is raised to a 15 over cap one. Analysts are saying the company will make more moves to the. Ight side of the Balance Sheet those moves are coming soon. It has already been paring down its assets. An apple is a par
Much more. Daniel your in will join us and find out where he things oil is headed. Alex hill is here and that means one thing. Oil and copper. Down by a 10, the underperformance on the dax in frankfurt down by almost 138 points. The losses in asia as well, with shanghai having its biggest drop. To the bond market, yields on treasuries grind low on. 60 . 62 . Ono sterling approaching that particular pair. We will be over those for you. Lets get you up to speed on the top stories and check in with the Bloomberg Team. Is on the markets. Megan murphy in washington on the latest reaction from clinton and trump on the worst mass shooting in u. S. History. With begin with brexit growing anxiety over the u. K. Exiting the european union. Anna edwards is live. Lead in one poll for leave and it is looking to close to call. 10 days to go until we get to the Eu Referendum in the u. K. The pound is under pressure. En and gold surging the pound down against the yen and the dollar. By the most in nea
Merchandise developed over 40 years. We are 30 minutes into the training day in the u. S. Lets head to the market as with julie hyman. Wish they wouldve written in the margarita discussion during the break. Lets take a look at stocks. Seeing a selloff in the u. S. Despite the rebound elsewhere, especially in european stocks. In the u. S. , it is not happening. The nasdaq is down. 5 . Lets took at the lets take a look at the bloomberg. We have commodity stocks higher. On the lower end, Consumer Staples are selling off, particularly soda stocks are getting hit after philadelphia instituted a soda tax. Technology and health care lower. Technology, there was a ruling in beijing against apple same the company in france on a patent of the chinese phone maker saying the company infringed on a patent of the chinese phone maker. It just applies in the city of beijing, not elsewhere in china, but could set a precedent for other cities and regions. Are also and alphabet taking a hit today. We are
Get an interview with siri, by the way. Tomorrow is day one of the fed meeting with most economists saying a rate hike is off the table. When will we see any movement on Monetary Policy . Well be joined live here at the new york stock exchange. And oil, the highest its been. Hes holding to that forecast. We begin with microsofts blockbuster acquisition of linkedin, announced just before the opening this morning. Jon fortt spoke with both ceos. Jon . Microsoft wants to get bigger, but to do that it needs online professional Services Running on the platform. Linkedin has got more than 430 million members, but only about a quarter of them sign in during any given month and to change that, its been promoting itself more than just the biggest place to find a job online. Its promoted it through news stories, training courses and more. Linkedin was approached when stock was lower. Take a listen. We were talk in february about whats the next phase . Can we complete it more tastefully and wbett
Nasdaq advanced. 2 . Good enough is the theme for the day. Why not start with the ultimate good enough . Lets start with apple. They reported a number that showed a 15 revenue decline yet the stock is flying in after hours. How in the heck can it decline like that be bullish . Simple. Because there were many, many worries going into the quarter. Even among the bulls that it would be worse, maybe far worse than that. Nope, it was good enough. Better than we thought three months ago. And frankly could have been more than good enough. Tim cook told us. If apple hadnt been supply constrained on its iphone selling almost only 40. 4 million when it could have been many more than that. Plus that Service Revenue stream that i talk about all the time just keeps growing. Cook said it will be the size of a fortune 100 company by this time next year. When we asked him if that meant 28 billion, the value of the Smallest Company on the austere list, he told us, no, it would be more than that. I stan