Areas for overseas expansion. Iraq has joined the united arab emirates, calling for opec producers to stick with their agreements to cut oil output to the end of the year. That is despite recent price gains. The deal to rein in production helped lift france above 70 a barrel this week. Iran has expressed concern about that, spurring a renewed push sale producers. Bloomberg spoke to the head of the International Energy agency minister and got more interaction from citigroups head of commodities. Today, oil is about 70. And we will look at 2018 index couple of months. Demand increases 1. 3, 1. 4 million. Production isil ,oming from the United States less of africa from canada and with a lot of oil in the market. Market unless we have some surprises. That is a point of discussion again because the focus so far has been on the supply side. And we often dont discuss the demand side of the equation. And maybe we need to do some more work because all reports 2018, itsting that will be both on
If it closes up higher again today that will be eight days in a row of gains thats the first time the nasdaq would have done that since february of 2015 got a whole lot of earnings coming out that will very likely influence where we trade today look at the dollar dropping to a tenmonth low against a basket of currencies the euro rising above 1. 15 for the First Time Since maze of 2016 look overnight in asia the nikkei down by 0. 6 . Markets in china were higher with the hang seng up 0. 2 the shanghai up by 0. 3 . In europe, in the early trade, you will see dax is weaker down by a half percentage point. The cac is down by a third of a percentage point markets flat in london with the ftse sitting just fractionally higher lets get you through the big corporate story of the morning netflix shares soaring to new highs. The company added 5. 2 million new streaming customers in the Second Quarter thats 2 million more than wall street predicted most new subscribers came from foreign markets. T
Thats the former speaker of the house. Nancy pelosi called tim cook for meeting with current speaker of the house paul ryan. Is apple running theisk of offending everyone . A special report. First, todays massive move in stocks. Stocks erased all of yesterdays loss. The dow, s p and nasdaq having their best day in four months. Heres the interesting thing. Bond markets and gold barely budging. When you couple that with the earnings, was today just a suckers rally. Guys . I dont think its a suckers rally. I think its people have been burned try to play the market from the short side. So many times. When they saw sa blow out like it did, theres no way im going to beat and watch the market rip another 60 in the s p again. So, i think thats what happened yesterday. Why i think you saw the bond get sold off. I think thats what happened today. Is it a suckers rally . I think 20. 25, its imperative it closes above that this thursday. Why thursday . June 30th, the close below, the technicians w
From their homes. Day,l news, 24 hours a hourbyhour 2400 journalists in more than 150 news bureaus around the world. Emily im emily chang and this is bloomberg west. Exploring aandora sale. We will discuss potential buyers of the radio streaming service. Plus, cisco up 10 . I will speak with Ceo Chuck Robbins about what is working for the company. And twitters shares take another letdown. Can the company pull its stock out of the gutter, despite no new users in the latest quarter . I will speak with ceo adam bain. Emily first to our lead, another day of turbulence in the market. The dow taking over 400 points, eventually settling just 250 points down. A half e hour and final hour and a half of trading, it dropped more than 10 . Our editor at large cory johnson joins us now from the newsroom with the breakdown. Is this worse than the markets today . The markets cory the markets are certainly ugly, but it is Technology Stocks that are suffering the most. Nasdaq is over 15 in decline this
The nikkei 225 was also sharply down. Tanker tracker oil movement says low prices will not rise this month. Gold has an explosive start to 2016. The highest gold prices in years. Heading for its biggest weekly gain in more than four years. Fear is in control. Those of the headlines from bloomberg news. Hong kong currently closed for lunch but here is how it was trading. Down. All this ahead of china resuming trade after a weeklong holiday. Some losses in korea. We will discuss potential buyers of the radio streaming service. Plus, cisco up 10 . I will speak with Ceo Chuck Robbins about what is working for the company. And twitters shares take another letdown. Can the company pull its stock out of the gutter, despite no new users in the latest quarter . I will speak with ceo adam bain. Emily first to our lead, another day of turbulence in the market. The dow taking over 400 points, eventually settling just 250 points down. In the file hour and a half final hour and a half of trading, it