One and it continues to gain weight against other currencies and nymex crude. . 43 at the moment and it has been up and down and we are looking at 82. 36 per barrel for west texas intermediate crude. Jon some of those Energy Stocks is what we are looking at with crude on the move but other macro stories we are tracking is the moodys downgrade of some regional banks. M and t bank shares are down about 2. 5 . Youve also got this overarching theme from ups about volumes right now being weaker and that raises concerns about the economy. Ups shares are managing relatively well, off about half a percent today. Wanted to remind our audience that eli lily, the potential for their weight loss treatment in the early sales pictured there is getting people excited and the stock right now is 13 . Going any other direction, beyond meat down about 15 on the day in the reality perhaps the economy or the inflation story, people making decisions on what they want to pay for, maybe a little less on plant
Facebook results beating sales, profits, user growth higher than estimated. The stock is lower in the premarket. The big story for cigna, david cordana ceo joins us whole foods des appointments for the second straight quarter. It is down double digits as earnings miss expectations the governments initial reading of Second Quarter gdp coming below consensus, 2. 3 . Stronger Consumer Spending a slowdown of imports and a hike in Government Spending driving those results. First quarter up to. 6 from a previously reported contraction. Construction not bad. It echos what yellen and the fed said moderate growth continues. I had sandy cutler on the ceo. He said, you look around we are the best in the bad neighborhood, the globe. We are the best performing company. He is including china. He this is the numbers are completely phoney saying that this kind of growth is sustainable. It is not great growth. The rest of the world is on the decline. I understand what yellen and company did. Frankly, y
Its up another half a percent. Well get disneys earnings after the bell today. Apple is thought of as sort of the lead dog. Its the Largest Company out there. I think disney is the company to watch these days. What a performance it has turned in. Meanwhile, aetna out with earnings this morning. Its getting a big boost from medicare and medicaid these days. We have a first on cnbc interview with ceo mark bert bertolini. Breathtaking consolidation in that industry. Really looking forward to that. Also rock star and actor Rick Springfield is joining us at the New York Stock Exchange. Well talk about his latest film with meryl streep and what he thinks about taylor swifts harsh words for spotify. Ring springfield has sold 25 million albums in his career. Thats a lot of potatoes. Im sure he has some comments about streaming these days and whether or not that is a way for a musician to want to get paid whether the compensation is enough. Taylor swift says its not. As soon as you said he had
Francine Warren Buffett says equities are less attractive than they were but still beat bonds. And theresa may says she will lead the tories into the next election, but does anyone believe her . This is bloomberg surveillance. Certainly a packed show, packed week actually for an end of august kind of feeling. It has been quite busy in terms of news. This is what im looking at in the markets. Stocks advanced on a rosier picture for the growth outlook. We had pretty good economic figures out of america. The chinese economy seems to be holding steady. The u. S. Administration sent different signals on north korea, which means that a little bit of the nervousness has been taken off. Among all other asset classes, dollar seems to be studying. Lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra Tropical Storm harvey has closed down almost a quarter of u. S. Oil refining capacity, flooding and power failures reduce americas feel making capacity by about 4. 2 Million B
Pursue areas of agreement, shared goals, shared purposes. Policies decisions will fall out of that. Senator, this bipartisan meeting looks great, but it was just over two weeks ago that the president tweeted if Senate Republicans dont get rid of the filibuster rule and go to 51 majority, few bills will be passed so is this a reset are we to expect not just bipartisan conversations but a bipartisan approach to crafting legislation, or is this just a conversation it will take two to tango again, i give the president credit my approach has always been to try to find bipartisan support did that with joe donnelly so its the starting point now, are we going to get eight democrats to sign on to a major piece of legislation that might be a stretch but it doesnt hurt to begin the conversation whether its health care reform, tax reform, infrastructure, talking to our colleagues trying to find those areas of agreement if we make a really good argument, if we find those areas of agreement, we migh