Strength and technology overall. For the moment, we are not seeing an improvement in stocks based on these numbers. Im going to take a look at the bloomberg, as well. A looks like we are not updating the dow. Ticking very slightly into the green, actually. It is up by about two points. The s p is up off by about 0. 5 points. Still a little changed. Still of 0. 25 on the nasdaq. 0. 25 on the nasdaq. The focus continues to be on retailer. Strengthen some of the Retail Stocks yesterday and today, we are going decidedly in the opposite direction. Consumer discretionary down only 0. 25 . There is strength in media stocks. Real estate is one of the worst performing groups today because some of the mall wreaths are trading lower. Individually, macys and kohls are leading the declines. Kohls is down 17. 5 . As theys down 13 announced plans to cut another 6200 jobs, bringing total cuts to around nearly 10,000. They already talked about plans to shut 100 stores. Saw a decline on a samestore basi
Lower. Oil has been higher as iraq starts its action. That has boosted oil prices to 54 a barrel. Even a little above. We are seeing it coming off of the highs of the recession. Drop inreiterate, big the Overall Crude Oil inventory. 7 million barrels. A build in oklahoma and larger than estimated bills in gasoline and distillate inventory. We have been watching natural gas. We got those numbers have an hour ago. Half an hour ago. That is a smaller decline than estimated. Still off by working with percent. Natural gas now down for five days, 18 here. Bringing it back to stocks in the u. S. , we are addressing which change for the dow and the s p. We will see what happens with the Energy Shares as investors digest the Inventory Data and see the effect on oil prices, but i have to take it to retail. That is the big stock story of the day. That Department Stores really tumble after disappointing numbers from kohls and especially macys, which is announcing another 6200 job cuts, store closu
Laura with just two weeks to go before he leaves office, president barack obama is battling to save a cornerstone of his legacy. Republicans now in charge of congress and send the white house say they will make repealing obamas healthcare reforms, or obamacare, a priority. The plan provided millions of uninsured americans with health care coverage, but it is fiercely opposed by many a problem republicans who say is unfair and recently increasingly expensive. Philip joins us live from washington. Republicans are keen to repeal obamacare, but they havent told us about an alternative. Youve heard on the campaign trail from donald trump and other republican candidates, repeal and replace obamacare. There is a promise from the Donald Trump Team that he will be signing executive orders on day one in the white house saying that he will repeal and replace the Health Care Overhaul that is a signature achievement for president obama in his first mandate in the white house. Repealing it is a litt
Laura with just two weeks to go before he leaves office, president barack obama is battling to save a cornerstone of his legacy. Republicans now in charge of congress and send the white house say they will make repealing obamas healthcare reforms, or obamacare, a priority. The plan provided millions of uninsured americans with health care coverage, but it is fiercely opposed by many a problem republicans who say is unfair and recently increasingly expensive. Philip joins us live from washington. Republicans are keen to repeal obamacare, but they havent told us about an alternative. Youve heard on the campaign trail from donald trump and other republican candidates, repeal and replace obamacare. There is a promise from the Donald Trump Team that he will be signing executive orders on day one in the white house saying that he will repeal and replace the Health Care Overhaul that is a signature achievement for president obama in his first mandate in the white house. Repealing it is a litt
This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly