Report by the Transportation Department Inspector General says the faa over a twoyear span more than 5500 exemptions, unmanned flight by businesses but it reportedly offered only limited training. An anglo merkel is making a liberal critics of her immigration policy. She says she will protect the country against future refugees and called for a ban on face fails one by muslim women. Spoke at a convention global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york, i am scarlet fu joe i am joe weisenthal. 30 minutes from trading in the u. S. Oil scarlet scarlet slipping from a 16 month high. Joe the question is what did you miss . Scarlet the trump rally might be good in the short term but in the long run, it could hurt profits. According to bill gross. More highlights from my conversation with him. We will look at the cash chaos in india and one of the prime minis
Market and we saw the s p turned negative again for the year. Julie sort of bouncing around a bit today. Turning negative for the year once again. It looks like investors are looking ahead to the fed minutes this afternoon. They want more information on the thats next move and in waiting for the ash on the feds next move on the feds next move. The s p and our remain in the red today. And dow remain in the red today. The bestperforming group today as we see an increase in estimates for the fed to raise rates or moving. Orward of those estimates financials have been benefiting from that kind of you. Technology, relatively strong. Drop in Consumer Staples as well as Utility Telecom and discretionary. Target is part of the story today. Another retailer disappointing. Earningspershare actually beating estimates put sales weakening. Comparable sales up 1. 2 . One point 6 is what was estimated by analysts in the company Ceo Brian Cornell saying it is an increasingly volatile consumer environm
Close of trade. Stocks took a big letdown after the fed minutes, spooking the markets. Ramy inocencio has the latest. Taking a leg are down but they are actually off of their session lows that we saw all right after the 2 00 hour when the spec minutes came out for the month of april. This is where we stand. Moreow is down by a little than. 1 , the s p similarly, the nasdaq almost pulled up. Now up by. 3 . Intradayok at the snp snp intraday. You can see the ride we went on in the lead up to the 2 00 hour. Up until 2 00, actually, the s and p was up 6 , but then we see the plunge down. It had been down by as much as four. 4 time. Even getting closer to the flatlined, even as we speak. With that said, the s p is still now negative for the year. Also, 10 sectors and their help their health. They are in negative territory by now but financials and health care are in green. Financials up by green. Fallen about 1 up. Coming back to where we came there. Utilities down the most 1. 9 . We can se
Equity board. S p 500 futures negative not even a 10th of 1 . Minors leading the losses. Switch of the board. All eyes on crude. Inching to the 50 mark. Wti 48. This is what i am looking at in the fx market. A dollar on the front foot. Switch the board and get to this. 14483. One pound, camp. The remaining 37 in the leave. The referendum is ahead on june 23. That is when we are now where you get one pool and you get the spike. Lisa it wasnt one single pole, there was building up to this. Jonathan a bit of momentum may be. David now lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories. Mike is an anchor of bloomberg surveillance radio. Cooks first trip to india. Matts house and joins us. Lets begin now with mike. This is the feds april meeting that and minutes of the fans april meeting are out today. , what are we looking at . Michael they have been trying to talk the markets of present time and we are finally getting some reaction. Inves
Trading in a pretty tight range today. It feels as though they are waiting more direction. That said, stocks are new the highs of the day. Earlier, we were offering we were saying major averages trade lower. On the plus side, we have the financials, which have been writing today along with technology. On the downside, Consumer Staples and consumer discretionary. Apple is one of the stocks on the rise today. Tony over a bernstein says the company could reach a trillion dollars in market cap if it shifts toward a Subscription Services type of model where people will pay a monthly fee for their iphone and other Apple Services rather than one lump sum for the iphone of front and so an interesting call and the stock is trading in the obit higher. We are watching the banks trade higher. They have been going up along with rates today. That is treasury yields on this outlook. Perhaps some insight in the fed minutes that we will see in interestrate sooner rather than later potentially. , bank o