Gasoline continues to surge as storm harvey dumps more rain over texas and louisiana disrupting refineries. What impact will the shutting of the Colonial Pipeline have on prices and the u. S. Economy . Brian moynihan tells bloomberg the probability of getting tax reform is high. More on that opposition throughout the program. Matt we are less than half an hour away from the start of european, equity Index Trading and equity trading as well. Take a look at futures, gains across the board, stoxx 50 up. 44 . , continentale cap Index Futures are putting up stronger gains then we see in london. Take a look at bunds, we could see a signal of a risk off day, i have the threeday chart c can see the trend but if i take it down to a oneday chart and zoom a pop can see that we had in yields as investors sold atds and we see the yield. 37. Guy we have been talking about it, is this the eighth day higher . It is. Prices continue to move higher. Unfortunate unless you happen to be one of the europea
The nasdaq yesterday had been up more than 1 and the s p 500 more than half of your percent. The geopolitical tensions earlier this week, that briefly took a toll on the markets being shaken off as buyers are stepping in. When we look at the breadth of the market, there may be some reason to be concerned and think that perhaps the rally we have seen for two days could be shortlived. His is a oneyear chart in white, the s p 500 and in blue the percentage of members above the 50 day moving average. Yesterday, the s p 500 moved above the moving average, considered to be bullish and saying buyers are moving back in. In blue, the percentage of the members over the 50 day moving , thege, 43 , declining market internals are deteriorating is what that is telling us. Suggesting that the rally we see for stocks today this week could be shortlived. Lets look at a sector doing well, homebuilders. Bid. All getting a decent Credit Suisse estimated they could lose 1. 1 billion in the wake of the deva
Across the globe. 4000 growth is good. I dont think 4 growth can be sustained. Uncertainty dampens larger trades. Warren buffett raises his state stake. And Brian Moynihan speaks about the high stakes of regulatory reform. Those are the most important things for us. Straight ahead on bloomberg last. Best. Welcome. This is bloomberg last, your weekly review of the most important reviews and interviews. Hurricane harvey again to better the u. S. Gulf coast and the city of houston. Big storm was the big story. Floodwaters overwhelmed houston as Tropical Storm harvey continues to inundate. Perspective on how big this issue is. In terms of the houston damage it is unprecedented. We are seeing places flood that dont normally flood. In terms of the industry itself, we have started to see refinery in new outages rampup. We are seeing more and more shutdowns as the storm starts to hit major infrastructure in the region. We are at a production impact and Refined Products impact. And for the Firs
From qe to qa, conversations on markets across the globe. 4 growth is good. I dont think 4 growth can be sustained. Uncertainty dampens larger trades. Warren buffett raises his stake in north america. And Brian Moynihan speaks about the high stakes of regulatory reform. Those are the most important things for us. Capital, liquidity, things like that. Straight ahead on bloomberg best. Julia welcome. Im julia chatterly. This is bloomberg best, your weekly review of the most important reviews and interviews. Hurricane harvey again to batter the u. S. Gulf coast and the city of houston. The big storm was the big story. Floodwaters overwhelmed swaths of houston as Tropical Storm harvey continues to inundate. Help us with perspective on how big this issue is. In terms of the houston damage, it is unprecedented. We are seeing places flood that dont normally flood. In terms of the industry itself, we have started to see refinery outages rampup. We are seeing more and more shutdowns as the stor
Still very good. And perspectives on markets across the globe. 4 growth is good. I dont think 4 growth can be sustained. Uncertainty dampens larger mna m a transactions. Warren buffett raises his stake in bank of america. We will be getting 30 million plus more annually from the common and preferred. And Brian Moynihan speaks about the high stakes of regulatory reform. Those are the most important things for us. Capital, liquidity, things like that. It is all straight ahead on bloomberg best. Julia welcome. I am julia chatterley. This is bloomberg best, your weekly review of the most important reviews and interviews from television around the world. Was in the u. S. Gulf coast and the city of houston. The big storm was the big story. Floodwaters overwhelmed houston as Tropical Storm harvey continues to inundate. Fourthlargest. City crippling the energy industry. Help us with perspective on how big this issue is. In terms of the houston damage, it is unprecedented. We are seeing places