With cigna is going to go through. When you look at stocks more a record onceee again for the dow and s p 500 as we see stocks rally on the strength of earnings news weve gotten today. Been the bigs leader of the day, largely because of microsoft and other earnings we have watched. Have been watching the s p 500 in this ongoing rebound in the wake of the u. K. Vote to leave the European League the European Union. Here you have stocks how they have done since following the vote. As we know, it has hit records frequently in the last week or so. Look at the groups on the move technology the best performing group. We see some rotation out of the defensive and into the more cyclical groups. On theft shares rising wake of the companys Earnings Reports that came in better than estimated. Its cloudbased business did well and cisco is trading at its highest in nine a half years. Facebook trading at a record. Sharesings winners surging 15 . Uniform maker of after earnings Beat Estimates and tupp
And yet the resiliency is relatively strong. We have got stabilization today after those big swings we have seen over the past couple of sessions of at least 1 in the s p. Now we are not seeing moves that are quite as large although the nasdaq is rising to the highs of the day, up three quarters of 1 . We are seeing some of that volatility come out of the. Arket in terms of drags, volatility is here to stay when it comes to oil prices. We have Weekly Oil Inventories creating a spike in oil and then a drop. It is down 1. 8 and that is because on the one hand there was an unanticipated drawdown in Oil Inventories on the weekly basis. That was a surprise. There was a huge drawdown last week because of hermine and there was expected to be a bounce back. There was a huge increase in distillate inventory. T was what is pushing putting pressure on oil and oil is down as a result. Thehe flipside, one of biggest supports for the market today is apple which is contributing more than two and a ha
Artillery killing at least 13 people. Ukrainian forces have pulled back from airport terminals in donetsk. Violence has stepped up since to negotiations between ukraine and prorussian rebels broke down last week. Germanys foreign minister said there were tangible progress in new peace talks. A new twist in the wireless wars. Google is preparing to sell Wireless Service directly to consumers. A move that lead rivals to improve speeds and cut prices. Google has reached deals use the networks tmobile and sprint. No word whether Google Service might start or what it would cost. Box is pricing its ipo after the market closes today. Shares will be offered at a discount to the latest round of financing. It is a signal box faces stiff competition in the cloud field industry. Box revenue soared 70 in the most recent quarter, but not showing a profit. Uber has raised 1. 6 plea dollars in convertible debt 1. 6 billion in convertible debt. They will continue rolling out in more cities overseas. Ab
Political columnist at the examiner. What i do here is the two programs, one is called the culture of competition where we talk about competition, we talk about things like subsidies and crony capitalism and when competition yields good fruits and when it might not yield good fruits. The other thing i work on is called the program on Human Flourishing where we talk about happiness. And both of those topics are addressed in our book well be discussing today which is the up side of down why failing well is the key to success. Here to talk about this we have the author, megan mcardle. Meg began is megan is Economics Writer at bloomberg. Shes written at the atlantic, the economist, newsweek in addition to writing this, her first book. Our respondent is tyler cowen from George Mason University and the her cay that center. You might know him from his broking and his recent books. A couple quick comments before we begin. First, if youve got a cell phone, just turn it off. Feel free if you wan
There anybody that has bought about 1has foughtabout will thaa discontinuous sort of milestone or will things keep going the same . Has anyone thought about that . Yes the program is very clever in that every transaction its recommended that you tip the minor as you tip a waiter. It doesnt matter if you are making a 20dollar transaction or a milliondollar transaction you can tap the miner a penny or less than a penny and that is more than enough because all of the text between the ten minutes of transactions that adds up to be a lot. So thats the way as opposed to paypal which will take a percentage of what youre transacting that they dont care. We could honestly be transferring 100 million or 1 dollar. The transaction fee will be less than a penny and after 21 million have hit that is the incentive for the miner. But the reward decreasing in the way to be finished rewarding than about 110 years. My understanding is that its not like we will run out of money. We can just say we can kee