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i m in seattle, headed toward the ballard neighborhood. it s an upscale area once known for sawmills and commercial fishing, and just down the road is one man s strange inheritance and a story with a hollywood ending. my name s barry martin. i inherited a tiny, hundred-year-old house from a little old lady. if there ever was a real-estate niche, this is one. hi, barry. i m jamie. hi, jamie. nice to meet you. i meet barry in front of this little house. yep, this is it his strange inheritance. it s just 600 square feet, and it s now surrounded by a huge shopping mall a mall that the unlikely heir in this story helped build. who leaves this to somebody? well, edith left it to me. edith? yep. love to learn more. okay. come on. barry explains that when this house was built over a hundred years ago, ballard, washington, was the shingle-mill capital of the world, with 20 mills producing 3 million shingles a day. there was fishing on elliot bay there ....
up nearly 20 points. the nasdaq up by 66 points. green, especially what happened on friday. we have basically erased our losses from friday. it is as if the past two days there really happened. about, itas talking is an energy-led rally. hownt to show you exactly green we are in terms of sectors. energy is up by nearly 1.6%. it has been the biggest leader by sector for the entire day. information technology not far behind. had been inerials the number two position, now in the number three position. take a look at where oil has been going to run the day. just at session highs by a little more than 3%. highis still a six-month not seen since november 4. goldman sachs increasing its full-year price in cast to $44.60 a barrel from $38 36 cents a barrel. militant attacks in nigeria have been pushing down production, a cut of 30% or so. and there has been increasing demand. of this, take a look at what is happening with oil majors. williams company, the biggest riser by 5.3%. ....
there is a little bit more bullish than an hour ago on stocks. there is a lot of money going to havens. tom: the flow of news into this morning s call more. is calmer. the fragility, within the united kingdom and united states political scenes, something else to talk about today. francine: there is a second vote and we understand it will be a two-way race between andrea leadsom and theresa may. let s get to the bloomberg first word news with nejra cehic. nejra: francine, exactly as you say, the race to succeed david cameron is narrowed to two candidates today. theresa may and andrea leadsom are the favorites. conservative party lawmakers vote in the second round today. the two contenders will face the parties wider membership. the new leader will be selected by september 9. germany s chancellor angela merkel says there can be no sustainable security in europe but without russia. germany and its partners the agree an offer to have a dialogue. merkel told lawmakers ....
as the board drama continues, we ll go live to paramount pictures for the future. and microsoft wasn t the only offer on the table for linkedin. how sales force missed out. viacom issuing a warning for the current warner. they cite weaker sales after redstone moved to oust five board members. this is a significant warning on estimates. yeah. they blame one movie. they claim the slate is going to be very good going forward. but they said the slate was going to be very good going backward. this is a company that s in disarray. if you buy the stock, it s a complete crap shoot. it s rare you are say do we know what s going on in the company? i think they don t. and i say in a vacuum, the stock s a poorer vacuum. i think you buy it because you get a bid but that s just reckless. they re looking at $1 to $1.05. the street was at $1.38. a lot of people come in say a nice base had been set on this name. yeah. i just look at this situation and i just think that this is suc ....
for many markets. the dax is up 1.24. france is you will over a 1 so is the ftsi. and crude oil rising for the first time in seven days. wti up by 66 cents. and also look at currencies. the pound making a sharp comeback this morning after tumbling to a more than two month low. both the uk referendum campaigns have been suspended after the killing of jo cox. gonna show the currencies because problem with the goes back to 1.43 in watching it. the betting market, didn t get up to 70. now i think the betting market was the pound. that might be a better indication of what s happening. right. the one market that s really kind of got its finger on the pulse. i m sure the betting market obviously it is not as big as the foreign currency market or the pound. 1.42. and then we didn t show gold. gold is gold is going down. gold is going down. after seven straight days. now you are ready. no i m not. it was down like 8, $10 or something. but it s on a roll ....