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how on earth can anyone get a hotel room right now? tom: they can t. some substance may come out of it. i m watching more e.c.b. than opec. i think it could be interesting. caroline through surveillance for the five hours this morning. but right now to bloomberg news. the opec ministers are in a meeting this hour with production policy atop the agenda. delegates familiar with the situation think saudi arabia is ready for a deal with opec members in an attempt to mend divisions. no formal offer has been made. the e.c.b. is in vienna for the rate decision. economists see no change on the horizon. the president will brief reporters after they set policy. the projections are set to reinforce the monetary easing that the e.c.b. is struggling to meet inflation goals. angela merkel is headed for another conflict with the turkish president. the parliament is voting on condemning the ottoman empire killings and deportation of armenians as genocide. france, russia and other ....
julie hyman has the latest. fairly positive. julie: the trajectory has declined throughout the day the nasdaq is the big winner today. now that the ecb and opec are behind us come investors are looking ahead to tomorrow morning s jobs report. adp s jobsimmer from report. fallingobless claims for the fourth straight week. volume is relatively light. overall for the s&p, 10% below the 20 day average as investors wait for that data tomorrow. a drop in volume in consumer staples. an increase in tech share volume as well as health care, one of the big winning sectors in today s session. peeking above the zero line we are seeing at this point lingering earnings and still a part of the story here as we have some winners dimensions they. with sales on service contracts. also cost cuts. mcdonald s also with a positive earnings report. mixedike we are seeing a trade in stocks come if you look at the so-called safety trade, it is not really unanimous. we are seeing some buying ....
function. global macro movers. it gives you a sense of all of the asset classes. the pound is falling. the fallout from the vote cost david cameron hughes job the followed from the vote has cost david cameron his job. vonnie: markets reacting negatively. we have the s&p 500 down. a 47 point drop. the dow jones industrial average down. 392 points is the drop. 17,617 come the nasdaq is down 4.2%. the 10 year yield 1.57%. that is lower than 1.50% overnight. eight times the volume of average trading day overnight according to jeffrey s. it was a phenomenal night for traders. futures are down a little bit from their highs. president obama saying the people of the united kingdom have spoken, and we respect decision. the vote to leave playing a role in the race for the white house. donald trump in scotland saying that the vote shows people want to take their country and borders back around the world. mark: full coverage and all of the angles from the bloomberg news team. r ....
that interconnected world represents. it s also important in these discussions to find ways in which we are expanding and broadening the benefits of that interconnection to more and more people. that s what so many of you are doing. we are gathered here at stanford in the heart of silicon valley, one of the great hubs of innovation and a partnership for the world. this is a place that celebrates our ability as human beings to ,iscover and learn and to build to question, to reimagine, to create new ways to connect and work with each other. it s where two guys in a garage go and launch a global company. where student projects became yahoo! and google. those were really good student projects. [laughter] president obama: my student projects were not as good. [laughter] president obama: it s where entrepreneurs like so many of get an idea and you build a team and you work to turn it into reality and you launch products and companies and entire industries that transform the w ....
programs already in place. we cannot forward with expanded programs we wanted to move forward on because the supreme court was not able to issue a ruling of this stage. and now we have got a choice about where we are going to be as a country, what we want to teach our kids, how we want to be represented in congress and the white house. charlie: an important decision, the supreme court also ruled on affirmative action, upholding a race-conscious program used by the university of texas at austin. joining me now from washington, adam liptak. he the supreme court correspondent for the new york times. but talk about immigration first. adam: it is a big blow to overhaul the immigration program, to spare as many as five million people from deportation and allow them to work. the effect of this 4-4 tie was to leave in place a federal appeals court decision that blocks the program and effectively ends any chances of reviving the program while president obama is in office and rai ....