Speaking of d. C. , as President Trump closes in on 100 days, not getting a boost with this market rally. Thats nnenergy. Its the worst performing sector. Theres a debate on whether its time to buy the losers. Meantime, we got a whole in fact, this would be the busiest earnings week in a long time, but its kicking off tonight, we got alcoa, express scripts, and tmobile reporting. John legere is here as soon as results are out. Of course, john, a colorful interview. We look forward to the comments coming up. John legere, jim cramer together. Fire. Payperview if anything. Beginning with wall streets rally, driven in by the French Elections, results there, showing the leader now going into that final election coming up in two weeks, bob, and michelle is in. The market is holding up, all the european banks rallied. Deutsche bank up 11 p close 20 a 52 week high, its amazing. Come over here. We are having huge numbers of stocks with 52 week highs, close to 250 today. Industrial stocks like 3
Points, nasdaq moll vaulted 1. 34. The eiffel tower we see from lower manhattan, not the sach you of liberty. Lets get serious about what it all means, the first is that the u. S. Has enough entanglements in europe. But the french its no wonder we felt some of that love across the atlantic. Its fair to ask, though, is there any real linkage . Absolutely. If both the candidates had made to the runoff including marine le pen. There would have been a flight out of treasuries and over to bonds. Lower rates automatically triggers selling in stocks. Further, the dollar would have gone way up on increased demand for a steadier currency, rather than a shaky euro, something that would have hurt our international companies, the ones who are based here but sell ther because a weak euro makes for a terrible transition back into dollars. Instead we have a centrist, emanuel her chron. Otherwise the principle positive for our stock market came from hedge funds betting against u. S. Stocks because the
We are just getting started. But we have to make the right choice. My name is not on the ballot, thats okay. I need you to work just as hard for katherine and just as hard for Hillary Clinton. Maria latest on the race for the white house coming up. Massive manhunt in oklahoma, suspect wanted for double murder and shooting two Police Officers with an ak47, latest on investigation coming up. The outrage after reports says the pentagon is trying to recover reenlistment bonuses from soldiers who fought in the front line in iraq and afghanistan. We will bring it to you. First planes and now trains, amtrak the latest travel agency to ban smartphone. Driving stocks higher, what is behind three major deals in just the last two days, two weeks before the election. Markets expected to open up 80 points monday morning. S p 500 and nasdaq higher. Ftse is flat on the session. Cac quarante up 1 and dax index in germany. Lets go to asia right now. Shanghai composite in china up and a quarter percent.
Our reporting, apparently the team at sab miller is set to order a halt to integration with ab inbev. According to reporting by Thomas Buckley, sab miller management has asked employees to stop work on integrating its operation. this is according to people familiar with the matter. The cash portion of its offer for sab miller, but there were investors not content with the level of that offer. You can see anheuserbusch shares falling off as these headlines across. Sab miller had already closed in London Trading when the story came out. It is not as heavily traded that is the disclaimer here. We also sought reaction in multiple cores. That is the Company Expected to get the remaining portion of its joint venture with sab miller and United States if this deal goes through. We saw those shares falling off as well. We will bring you any develop its that we have, but it would obviously be a big deal at this deal did not go through. What about the Broader Market . Seems as stocks were shruggi
In two hours, lets head to the market desk where shery ahn has the latest. Pressureeing downward across the board, seeing the s p 500 halting four weeks of gains to lose. 4 . Much ofjones falling as the last nine days of gains, and the nasdaq down. 2 ahead of Central Bank Decisions later this week, including the fed and more corporate earnings results. Take a look at the imap function on the bloomberg. You can see that most sectors are in the negative, and who is leading the declines . Energy shares leading the declines, down 2 for the sector. We are seeing oil at the lowest in more th two months. Factoralso seeing one that is up today retailers. Thats on news that lvmh is selling. Karen for 650 million. They are seeing nordstrom, gap, urban outfitters, all the retailers gaining momentum. Wheels are heard from analysts saying that gap is seeing more favorable conditions, up more than 3 . Wynn resorts moving today after j. P. Morgan last night said that the macau gaming revenue should t