Im Courtney Reagan. Stocks trading again in another fa narrow ray but another high. A volatile session for oil. Saudi arabia and three other countries cutting ties with qatar raising concerns about supplies. More on this as oil prices fall. And whats moving. A major cancer conference under way in a number of biotechs rallying as a result. Loxo and puma among them. Herbalife down 6 of its latest outlook. Brian . Here is what else is happening this hour. Csx shareholders approving a proposal to reimburse 84 million for arranging the hiring of a new ceo hunter harrison. The ceo of mantle ridge, by the way, is the vice chairman of the board for csx. In the skies the good times continue to roll. Airlines globally are collectively raising their profit forecast. The Industry Group that represents more than 200 Airlines Says the profits should top 31 billion this year. Thats about 1. 5 billion more than previously forecast. And the Supreme Court scaling back the s. E. C. s power to recoup prof
Seeks a court needed International Response and opposing penalties on the regime for undermining democracy. The Treasury Department accused macatee a mexican soccer star of having links to a major drug trafficker as part of hitting 22 mexican nationals with sanctions that freed their assets in the u. S. Departmenty or released a statement saying the move was made in conjunction with the Mexican Government following multiyear investigation of the drug network allegedly run by role hernandez that has links to two new major exits and drug cartels. Opec says three nations every a friend their commitment to the agreement to cut oil production. Iraq, and kazakhstan. When it come up short comes to actually reducing output. 24 countries agreed last year to cut back and try to end the global oriole global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Likewise. Carlet Joe Weisenthal is off 30 minutes from the
For killing black parishioners in 2015. The deal will not save him from possible execution. Global news 24 is a day powered by more than 26 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Brad i am brad stone. This is bloomberg technology. Up, u. S. Stocks close out a stellar First Quarter surging to alltime highs this week. We will focus on the biggest winners. As iterry turns a profit reinvents itself as a software firm. Will hear from c. E. O. John chen and bring you the top tech headlines of the week, including the latest on the spacex landmark rocket launch. We close on the books on the first quarr of the year ended is the best quarter for your stocks since 2015. Abigail doolittle joins us from new york. Break down this bullish quarter. Abigail it was a great quarter for your stocks. The dow and s p 500 both have their sixth orderly gain in a row, the longest quarterly winning streak for the dow since 2006. Speak about bullish,
For killing black parishioners in 2015. The deal will not save him from possible execution. Global news 24 is a day powered by more than 26 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Brad i am brad stone. This is bloomberg technology. Up, u. S. Stocks close out a stellar First Quarter surging to alltime highs this week. We will focus on the biggest winners. As iterry turns a profit reinvents itself as a software firm. Will hear from c. E. O. John chen and bring you the top tech headlines of the week, including the latest on the spacex landmark rocket launch. We close on the books on the first quarr of the year ended is the best quarter for your stocks since 2015. Abigail doolittle joins us from new york. Break down this bullish quarter. Abigail it was a great quarter for your stocks. The dow and s p 500 both have their sixth orderly gain in a row, the longest quarterly winning streak for the dow since 2006. Speak about bullish,
Is meeting with the National Association of manufacturers. Hes expected to make some major announcements on trade today with two executive orders. Our ylan mui is in washington, d. C. With all the details. Reporter sara, executive orders are focused on rooting out trade abuses designed to put other countries on notice and commerce secretary wilbur ross fired a warning shot on cnbc earlier this morning. There are unintended consequences of doing nothing as well. So as to doing something, tough think about it this way, we are in a trade war. We have been for decades. The only difference is that our troops are finally coming to the rampart. The first order calls for a review of any country with which the u. S. Has a trade imbalance, the biggest one of course is china. Theyre looking for currency misalignment, over capacity in any industry and perhaps even lax enforcement of existing agreements on the part of the u. S. This review will be due in 90 days. The second executive order will bol