But the private sector does things better. That is our show coming up tonight. No. Now it is time for john stossel. John trusts. A lot depends on it and families often succeed because we trust families more than strangers. Government works and people trust the government rules are fair. Commerce works when Customers Trust that it will work. These are delicate relationships developed sometimes over a million years, but sometimes the internet is changing things for the better. I would argue that here is one example. Do you need to mop the floor, by the groceries and milk the cow . Task rabbit helps you get stuff done, first you post your task and then include all of the relevant details like location and price and other important information. It will blast out an sos to those in your neighborhood letting you know that your task is underway. And you are done. Really . A stranger coming into your house mopping the floor and buying groceries . Why would i trust the stranger . The owners say
Points s p backslid, nasdaq declined. Stock market is a market like any other market. When theres too much demand, stocks go higher when theres too much supply as in the last couple of hours of the day, stocks go lower today you can see supply and demand dynamics in action. Often forget thats what its about. Demand side of the equation. Right now all about tech, transports, huge demand for Semiconductor Stocks, gaming stocks, data center, ecommerce, social media and so far. Airlines, freight and railways where is the supply coming retail sector. Bordering on travesty. So much merchandise for sale in the retail aisle of the stock market theyre marking it down as if the whole store is closing. Sell sell sell sell sell sell sell sell sell sell sell sell sell. Its a total Liquidation Sale oils are headed down too this is another story weve seen before too much oil in inventory and no place to put more of it. Oil Companies Keep selling futures struck at 50 a barrel nothing has changed. Crud
Obviously. Waiting for yankees, the first pitch is in two hours. Welcome to the closing bell everybody, we have exactly two hours to get through this whole show before that im kelly evans, im a big rally day here all right, all you folks in houston too by the way the dow on track for its first close above 23,000 now ibm, interestingly is helping drive this nice rally today after those stronger than expected earnings that came out that you guys have last night. We will get more on that move coming up in a little bit here its kind of astonishing to see ibm up 10 today clearly after the dell, more dow components American Express is going to report along with ebay, well tell you what to expect as well. And so the breaking news today, microsoft and amazon are now embroiled in a new patent lawsuit. And i guarantee the plaintiff ll surprise you when you hear who it is. Thats coming up but lets get straight to the one stock giving the dow its biggest boost today that would be shares of ibm jum
Good morning. This is bloomberg surveillance. I am Francine Lacqua in london. Show, we on todays speak to the head of g10 fx strategy at Merrill Lynch international, and the ceo and coast cio at shen of our financial group. At a financial group. Function and a message will come to me. It is monday morning, 9 00 in london. We are seeing a little bit of volatility, but nothing huge. Oil gaining. One i would like to keep an eye kospifter the costly slid this has to do with geopolitical concern lingering in korea. Weis extremely important keep an eye on what happens at the g7, where Foreign Ministers are showing up, and Rex Tillerson on wednesday heads to russia. It seems the world may be a little more uncertain than it was seven days ago. Lets get straight to the bloomberg first word news. Nejra barclays said its board will issue a formal written reprimand and make mythic and cuts to the ceos pay after he tried to identify a whistleblower in 2016. They say he made an error in not applying
My words. Scarlet fu in london. We are thrilled to have scarlet fu. Reunited. To the music. A wonderful day to have the with us. So much to talk about about the United Kingdom. First word news, here is nejra cehic. Theresa may has promised to build a more just United Kingdom. That for brighton to feel their life has made insecure by globalization. Not by the interest of the privileged few, but by yours. We will do everything we can to give you more control over your lives. Ejra in one of her first actions, the architect of David Camerons austerity policy, she replaced him with Philip Hammond. She named her new break since our, david davis. Locked ter may mocked Boris Johnsons negotiating skills he has been named the foreign minister. He accused president obama of disliking the British Legacy because of his kenyan ancestry. The number of japanese living in japan phil are the most on record last year. At the same time, the number of foreigners rose. Unless japans birth rate increases, th