Markets with the best three months in decades. The dow saw the best quarterly performance since 1987 the nasdaq had its best gain since 1999 and ended the quarter up 30 take a look at the small cap up 25 since april 1 the best gain since the First Quarter of 1991. Because the First Quarter really stunk up the place the dow coming off the worst first haflt year since the financial kri sis. The s p still down 4 on the year yesterday was something to watch. We had all three major averages which did close for the month of june in positive territory you are looking at s p 500 closing above 3,100 and watching the nasdaq close above 10,000. Seeing a slight pull back. S p futures down about 10 points and nasdaq off by 25 weve been keeping track of the treasury market. The 10year has been below 0. 7 . Now sitting at 0. 684 . Crude oil prices were a huge point of concern earlier in the year up 40. Well see what could help the senate has voted to extend the ppp Bailout Program to august 8 giving
At the direction of the president the u. S. Military has taken decisive defensive action to protect u. S. Personnel abroad by killing so a money the head of the iranian Iranian Revolutionary guard corps could force a u. S. Designated Foreign Terrorist Organization general so the money was actively developing plans to attack american diplomats and Service Members in iraq and throughout the region the d. O. T. Release added that general solo money was responsible for the deaths of hundreds of americans and coalition Service Members as well as the wounding of thousands more following the announcement that from the u. S. Irans foreign minister Mohammad Zarif commented on the attack friday in toronto. Americas actually without any doubt is an act of state terrorism and violation of iraqs sovereignty which is murdering her sons who dedicated their entire fighting oppression terror and criticism. To be outdone u. S. President donald trump held an address at his palm beach resort mara lago on
The starliner was abandoned. Several things went wrong. It is ferguson told us hard to get autonomous spaceflight right. And may have been better if there was someone in the starliner. Wti down 1. 7 . We were talking to dan denning about that. You can have a look at tv on your bloomberg. Let us get to the european markets. A balance in equity. Carnival is up 7 . Loreal is the best performer. Thosey the ring off claims from carmakers and industrials. It is up. The british pound is sitting in the last bit of rally on this friday. 1. 30. At thecurrent head of Financial Conduct Authority has been picked to succeed mark carney. When we launch this process, we said we were looking for a leader of international standing. Monetary, and at regulatory policy. Andrew bailey we have found that. Lucye joining me is nagin. What do we know about andrew baileys tendency in Monetary Policy . We dont know much. Although we know a huge amount about history and he has been at the bank of england a long ti
Betterthanexpected chinese data, giving a lift to the market. It may have gotten a little bit better. Opec up 1. 7 . Of november manufacturing also ,oming out, that tmi figure indicating a contraction because its below 50 but better than the 46. 6 that was our preliminary preview. Coming up its merger monday, all things deals with the cohead of global m a a jp morgan. Lets get straight to the bloomberg first word news. Signaling they will consider deeper cuts ahead of the latest opec plus summit. This is despite the rest of the coalition showing reluctance to refuse output reduce output even further. The meeting in vienna starts in december the fifth. The Junior Coalition partner in the German Government electing a new leadership, throwing the government into crisis. Social democrats are bringing in a team that vocally opposes the alliance with chancellor Angela Merkel. The new leadership signaling it wont bring an abrupt end to the coalition and its more likely to put forward a set of
The charge and treasury yields surge as markets are at record all time closing high territory for the major averages joining us for the hour, stephanie link good afternoon to you. Today is what trade headlines that push us higher but with that rise in yields is improving sentiment. Three thing its trade and obviously the roll backs on tariffs. Potentially. Well have to see how that works out. Earnings earnings are better. 2 better than expected. Not great. Flattish overall but next year even though numbers have come down still looking at 10 Earnings Growth. Maybe the story is Third Quarter, Fourth Quarter is trough in earnings and most important to me what is driving the risk on trade is Global Growth stability if you look at german factory orders, you look at german pmi services yesterday, you look at italys pmis, they are not great but stabilizing. Thats causing yields to rise and with it the cyclicals sector big final hour here thanks for being with us lets drill down on the other b