Of the Oil Companies hire today. Out, it isto pointed holding onto most of its gains of the last few sessions, trading at 1729. Guy you bring up the fact it is friday. Friday is generally not good for these equity markets. European stocks are lower. We are tracking lower as we speak. We have the trouble another shifter the travel and leisure sector seeing some downside in the european markets today. We are down by 0. 7s present i 0. 7 . We are also seeing a bid today for btp yields. Weve got a rating review from s p coming up, plus the story surrounding where europe goes next in terms of the recovery funding. Pretty and conclusive that front. With got a 1. 90 yield btps coming in, so the periphery looking a little better today. Crude up by 2. 3 . Vonnie lets get some context for all of this economic data. Mckee,joined by Michael Bloomberg International Economics and policy correspondent. What is useful in the data weve got today . Michael well, im not really sure. The confidence number
Day. Did chairman jay powell thread the needle. Thread the needle lets put it this way. When he opened the door to another round of quantitative dsh another round of getting the Balance Sheet back up to where it was, to me that was the reason why the market, the dow went down 170 to base cheh unchanged on the day in that regard maybe he said what the market needed to hear in terms of myself, you know, sometimes you have to be you have to be confident in views. But there is a fine line between confident and dog mattic ive been bearish month and a half two months. But when you see price action like monday where i thought the market would be down at least 300 dow 35, 40 s p handles down 10 you have to sat some point say the market seems to want to go higher grasso. The only concerning issue is what guy said, the Balance Sheet. Thats concerning. And the but if you were in the camp where you wanted lower rates. You got it if you were in the camp you didnt want extended lower rates you got t
In the College Cheating scandal. The hearing in boston wrapped moments ago. New details coming up on the legal challenge, what might happen next. Plus the fight against ecigarette companies. One state attorney general alleging that one manufacturerring a agressively targeting children. How regulators struggling with the growing vaping epidemic among younger americans. Keeping track of Tropical Storm dorian, gaining strength in the caribbean, threatening parts of the u. S. The latest path of the storm is ahead. Well tell you when it is expected to strike. Deirdre we have fox team coverage. Gerri willis at the floor, blake burman at white house, phil flynn at the floor of cme. Blake, we start with you. Reporter one story from the United States and completely different story from china as to whether or not there were conversations among the trade teams from both sides, most likely at the deputy level. At some point over the weekend. Heres the disparity in the timeline, at least where thin
This is bloomberg technology. Coming up, the doj is hitting at t hard. Details on the lawsuit that could block at ts 85 billion takeover of time warner. Er speeds up its driverless push, striking a deal with volvo. Details ahead. Plus, more dealmaking in the chip industry. What the 6 billion acquisition means in its continuing consolidation. Lets start with the lead. The u. S. Justice department is suing to block at ts 85. 4 billion takeover of time warner. This is a major blow to the carrier to create a media and telecommunications empire. At ts chief counsel said he is confident the court will reject the claims and the company is withng a press conference the ceo is expected to speak. We will bring you the headlines, but first ed hammond just listened in on the doj call and joins with the ceo is expected to speak. Also with us is cory johnson and bob odonnell with technalysis research. Us. Ed, you have been listening in on the call. What is the Justice Departments rationale . Ed they
State sponsor of terrorism. That at T Press Conference is still happening. We are listening for breaking news out of that. In the meantime, we had that bounceback, but lots of people are saying, the correction in the markets might not be over yet. If you look at this chart, it just shows you come indicated by the white line, that the leading indicator continues to show pretty robust growth in the u. S. , 3 plus gdp growth in the United States, which is a reason why, even though there are some bulls out there getting worried about the stretched valuations, when they look at the indicators, they are saying, it still seems like it is a go for the markets. You might call them reluctant bowls. Yvonne yeah, global synchronized growth is what we continue to hear from a lot of our guests. You can certainly see that in europe, as well. Despite the Political Uncertainty surrounding germany and chancellor merkel, the dax is shrugging off that risk. Are still looking for some type of catalyst of w