Matt miller has the latest. 500. Are there for the s p the question is, chemical this until the close . Previously inse 2015 was 30. 82. We are six points above that. We have to hold on to that green arrow. With all the stimulus coming out of japan with the now decided p. M. Race in the u. K. , and the fed rate hike off the table in the u. S. , even with that surprisingly good jobs number, it seems like we are holding these gains. The nasdaq gaining 6 10 of 1 . Big gainers today are tech stocks. 500, techk at the s p stocks and financials are big gains. Here you see the record. Last time we had a record, may of 2015 until today, 286 days between those points. That is the longest stretch we have gone in a bull market without hitting a new record since the 1961. That may make you think about this bull market and how long it is. The tech stocks we are gaining are obviously the names that you know. Facebook, outft, the bit which we all still no and the financials are leading which is good for a rally. Jpmorgan, wells fargo, all showing gains today. Other stocks rising because of energy. We have the oil prices actually coming up a little bit right now. Very little change at 4542. Copper, nickel, all of these commodities arrived today. You do see gains in commodities today. Stocks are up, commodities are up. If we have a new high on the s p 500 and a new low in a 10 year, that would be the first time it has ever happened. As is, people are selling off the 10 year. That is the conundrum that we see. Should i record over to mark . Mark you Better Believe it. The last record high we had for our european benchmark, the stoxx 600 was april 15 last year. The game has actually fallen by 20 . You are far and away outperforming and you look at the valuation, 15. 6 times estimated earnings versus 18. 1 times. Still, we are rising for the third consecutive day. Still, all 19 Industry Groups rising today. We are 5 below the levels. Before the brexit result came through, ftse 100 is on track for a bull market. If it closes these levels, the ftse will be in a bull market. Since those loans in february, that was a three and a half year low for the ftse. The index is being propelled higher by the american glencore, and these miners have been benefiting from the weaker pound. Hedge funds and large speculators increased net bets for a weaker pound and the week ending july the fifth. This chart tells you the difference between those who are long and those who are short. New 31n falling to a year low, against the dollar following the brexit recommend them referendum. Early in june, right there, they were not as bearish as they were. They did rebound after andrea led some Andrea Leadsom dropped out. Burberry says mark pocan bessie essie will replace bailey as the ceo. He will join the board sometime next year. To grapple with a subdued luxury market, falling demand. He is trying to cut costs. Been calls for the appointment of an experienced executive to work alongside him so it seems those calls have been listened to and we are seeing a rally in burberry shares. Shares are up 5. 3 . Vonnie the question will be who will celine get to replace them. Ator Market Conditions index 1. 9 index points. Better butision was it was down 2. 6 points. Dashboard. Llen looking at the unemployment rate, private payrolls, things that are all gathered together. Lets check in on first word news. We have an much andra. The way has been cleared for theresa may to become britains next Prime Minister. Her support among conservative lawmakers earlier today, may said there was no going back on the boat. She said, brexit means brexit and we are going to make a success of it. The u. S. Is sending 600 more troops to iraq. Secretary ash carter made a surprise visit to the country today. The new forces will be used to help iraq retake mosul. Germany is to take on greater military leadership in global conflict. That is according to plans for the first countrys overhaul of its Security Policy in a decade. Hascellor Angela Merkel artie taken a more assertive stance overseas. It has armed kurds in iraq and take in air strikes in syria. Of australiaister is claiming victory in parliamentary elections. More than a week after votes were cast, it is unclear if those National Coalitions actually have enough seat to form a majority government. Both are still being counted. A typhoon has battered china will chinas coastal province. At least six people were killed, more than 400,000 people were evacuated. Global news, 24 hours a day, powered by 2,400 journalists in 150 news bureaus around the world. Im an much andra. This is bloomberg. The markets up, the markets down friday. Today, among other things, the japanese promise of new stimulus. The Global Economy cannot seem to break out of a low growth. ,oining us is daniel moss executive editor for global economics. We just had another example of economy, down worse than expected. It looks like what we saw with fridays jobs report. A pretty good number, it assured people there was not going to be this collapse into labor market , but job growth is slowing. Not disastrously but it is slowing. We have averaged 150,000 in the u. S. In the past month. What is the missing ingredient . For a while things were taking up. Things were picking up. It looked like the pace was picking up. Years into aen global expansion, which hangs in there but doesnt seem to go anywhere fast. There is no one real single growth story. Pretty much every decade since 1945. We are missing that. There is a series of microstories but none of them is enough to propel us dramatically forward. Mark does that mean the lackluster status quo will continue . Probably but the important thing to remember is while it is not super awesome, we have had a procession of people that have predicted in and sit things and that hasnt happened either. An end to things but that has not happened either. It is just lacking impetus. Is it too early to gauge the impact of brexit on Global Growth . It depends on whether this is a mere blip in the story of global integration or whether it does spell the beginning of the end of the post 1945 order . Lets take the most immediate stance. There is going to be a hit to u. K. Growth and eurozone growth but eurozone growth will probably still keep on the plus side. Vonnie eurozone growth will keep on the plus side but does it all depend on currency moves over the next six months . It might. It will be interesting to see where the weakness in the pound prevents an Aggressive Bank of england as opposed to the moderate that is now forecast and could begin as soon as this week. The meeting thursday, forecast from a majority of economists, it is not unanimous, there will be a quarterpoint cut and mark carney will hold off until later. Is important that britain avoids recession so we dont get into this vicious cycle in the world. Is theh of a reality potential for a vicious cycle of recession after recession . Cuts,the event the boe that may not prevent a recession. This is about being there, saying we are on the case. We are not going to get hysterical. Looking at these headlines about theresa may, it is arguable that the real head of government for the past 10 days has been marked carney. Mark carney. Mark who addresses parliamentarians tomorrow. Lets talk about china. We wouldve let with china, but isnt it interesting that china is been a side issue, yet it an economy that is slowing. So. T is, very much we cast our minds back to january and the first half of larry. There wasthis sense going to be an implosion in china. We get an update on friday with more gdp numbers that are likely to show the same. It is down from the mega rates that characterized it once upon a time but it has not fallen apart either so more drift there. Anticipating a lot of very active central banking activity over the next 12 months . England, japan, china . With thisent microstory, china it is hard to tell. He will probably hang out there. Bank of england, we are expecting a reduction. If not this month, certainly august. It wants tods like increase rates but again, consistent with drift, there is not a huge amount of conviction there either. Ony people are focused december as a possible date for a quarterpoint increase. Yet we have the sb at a record high. And in earnings recession. Dan is executive editor of global economics. Head, when it comes to credit card security, the u. S. Is just a few swipes behind europe. Willie race to chip Reading Technology . This is bloomberg. You are watching bloomberg. Vonnie this is your Global Business report. Mark we are watching today, airbus and boeing getting a lift in britains farnborough airshow. Japans Prime Minister scores a big win in parliamentary elections and it could lead the way to a fiscal stimulus package. It comes to credit card security, the u. S. Is a few swipes behind europe. Will it switch to chip cards . Vonnie Asian Airlines are providing the biggest used to boeing and airbus at the farnborough air show in the u. K. Jets. Ght 30 747 max the price is at 3. 4 billion u. S. Dollars. Discount carrier air asia will order as many as 100 airbus a320 one planes. Planes. One boeing says it is working methodically to complete the 25 billion deal with iraq. Preventing the company from selling up to 100 planes to irans airlines. The planes could be used for military purposes. Bloomberg spoke to boeings chief executive about the airshow in britain. We made some Good Progress over the last few months. It is a significant opportunity for us but we are methodically going through the licensing process right now. I am encouraged by the progress we made. Mark boeing has said the iran sale complies with u. S. Regulations. Winningime minister is a victory in parliamentary elections. The conservative coalition now has a majority in the country. His liberal Democratic Party wants 56 of the 121 seats in contention. A Junior Coalition party, 114. Broad, bolde measures to expand japans economy. Shares of nintendo rose as much as 25 in tokyo today. The companys new pokemon go game at rankings. The game lets players crackdown virtual characters in real locations using their phones. Vonnie time now for our bloomberg take on interest of interests issues of interest. The u. S. Is behind when it comes to credit and debit card security. The burden of liability for credit card fraud tested. Any banks that issue new cars without a chip or any retailer that hadnt switched to the new technology is shouldering the cost. The magnetic strike is not going anyway anytime soon. End ofestimated by the 2015, only 36 of americans credit cards and only 13 of debit cards would have those chips. Here is the background. Credit card boards when they were introduced in 1950. Cards moved over plastic in 1960s and in the 70s, magnetic stripes were added. In 1999, europe a international, mastercard and these the established the emv standard which included the option of chip technology. It caught on with europe. Here is the argument. The payments industry has relied far more on selfregulation than in europe. That seems like a good thing when American Companies are pioneering the economy. Of in the wake wellpublicized breaches, president barack obama and some lawmakers have called for National Standards to database security for notifying customers when breaches occurred. Mandates like that are all part of the reason banks are speeding up adoption of chip technology. Chip cards become common in the u. S. Over years and the battle with packages compound with hackers is come down is bound to continue. Ahead, with the s p 500 reaching an alltime high, the ftse 100 headed for a bull market, we will look at companies who are moving the most today. This is bloomberg. Mark live from london and new york, i am mark barton. Vonnie and i am vonnie quinn. It is time for the bloomberg business. Volkswagen will repay a pair of loans to the European Investment bank early. The amount, 1. 1 billion u. S. Dollars. The move comes as volkswagen raffles on its diesel emissions scandal. Reuters will sell its intellectual property and science center. Price tag 3. 55 billion in cash. The company will use 1 billion to reduce its debt. Bloomberg news competes with thomson reuters. Is hosting starbucks the pay for all u. S. Employees managers by at least 5 . Two employees of have been with starbucks who have been with starbucks for 15 years. And that is your business flash. Lets head to the markets desk where matt miller has the latest on movers. Movers, analyst calls, and companies that mean a lot to me. Im going to kick it off with gamestop, bank of america saying there are a number of drivers unexpected drivers to traffic and eps growth for this video game Sales Company and the shares are up three and a half percent. A big move on the bank of america up rate and i am hoping we can get over there afterwards and pick up some new games since bank of america reminded me of it. , soter cut by suntrust twitter getting a couple of big cuts today, chairs at 1757. I get excited whenever i hear about the apple iphone seven. Apparently, intel gets excited about the iphone seven as well. Intels new modem design is so good that it can be cut out completely from the iphone seven. What is a modem . Vonnie i cant remember. Thank you. I am looking forward to it. Still ahead, we will keep watching for new highs in the market. Bonnie live from liberty headquarters, im vonnie quinn. Jonathan in the chandra has the latest emma chandra has the latest. Ma there is no going back on leaving the european union. Theresa may said brexit means brexit, and we are going to make a success of it. She said is premised, she will make no intense no attempts to stay into the eu. He will try and shore of Investor Confidence in the wake of the vote to leave european union. After his trip to the u. S. County will go on Similar Missions to china and singapore. Indian troops have been battling protesters in the disputed region of kashmir. At least 18 people have been killed. The antiindia demonstrations rogue out after a popular rental rebel leader was killed. The rebels either wanted independent kashmir or a merger. I Campaign Stop in indiana on tuesday is fueling speculations that governor mike pence will be named Donald TrumpsDonald Trumps running mate. Names have emerged as possible running mates, retired army general and it would to a general. It may be a sign that Bernie Sanders is about to endorse hillary clinton. He will campaign with the likely democratic residential nominee tomorrow in new hampshire. President ial nominee marlin enhancer. He says weve got to do everything we can to defeat donald trump and elect clinton. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Vonnie lets get you caught up. The nikkei up overnight. Are aboutnsion funds to become multibilliondollar stock market players. It is a 300 billion war chest that could soon make it to market for a. Bond markets are handing over some of their cash to the National Council for security Social Security fund. It is expected to hit the market later this year, as part of the plan to boost yield for a Pension System that has been suffering low returns. The system was previously limited to investing in only deposits and government bonds. Its likely the nsf f will buy blue stick bluechip staples. This is like Warren Buffett saying he is buying the stock. Hopefully the war chest will grow for chinas aging population. Juliette saly, bloomberg, hong kong. Jonathan just under 60 minutes left of todays equity session in europe. Third rising for the consecutive day. The stoxx 600 is up, gains in london propelled by higher commodity prices. The dax in germany of by 1. 6 . In paris, 1. 6 higher. The currency board today, starting sterling was lower against the dollar ahead of the announcement that she is dropping out of the leadership race to be the next party leader and thereby Prime Minister. It got a bit of a boost, and sterling is down against the dollar, hitting record lows. The euro is up against the pound, big news out of japan, the ruling party had a good night were a good day in the upper house elections, which could pave the way for more fiscal stimulus in japan, and the euro is unchanged against the dollar. In the bond market today, a big week for the u. K. Bank of england set to announce its latest late. We see the first rate cuts since march 2009. The yield was at a record low, up by a basis point, as is the german 10 year, the italian 10 year, and the spanish 10 year. There is appetite for risk it today, boosting equities and pushing bonds marginally lower. Lets get back to the u. S. Bloomberg, Abigail Doolittle has the latest live from the nasdaq in midtown manhattan. Amazingly, today, two weeks ago we were in the middle of the worst selloff for the nasdaq, the worst twoday selloff since the middle of february with the brexit uncertainty. Now we are on a fourday rally after all of that brings a volatility. , thepretty amazing recovery we have seen. Unlike the s p 500, the nasdaq is not flirting with alltime highs, about 4 low those levels. Not even across the psychologically important 5000 level. Will have to see how this one plays out as the day goes on. Despite that fact, we have a bit of a rally for the nasdaq, up by. 5 . Tech stocks are driving the strength, the most including amazon, microsoft, facebook, and apple. Itson is rallying into prime day tomorrow. Last year, this was a huge success for the company, its bigger Financial Success for the company than black friday. Many investors may think that tomorrows prime day, available for all of prime numbers on amazon could be another big boost for the shares of amazon. Jonathan what about an