I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
Found both flight recorders from a crashed russian airliner. They continue to look for other debris and the remains of the 71 people on board. The passenger jet crashed sunday not long after taking off in moscow. Russian investigators say it was not terrorism. Global news 20 for hours a day powered by more than 2700 journalists and analysts in 120 countries. I am mark crumpton. This is bloomberg. Vonnie it is noon in new york and 5 00 p. M. In london and 1 00 a. M. In hong kong. I am vonnie quinn. Julie and i am julie hyman in for shery ahn. Welcome to Bloomberg Markets. Vonnie from bloomberg World Headquarters in new york, hero the top stories on the bloomberg and from around the world that we are following. Quite are hanging onto substantial gains as treasury turns lower and yields higher after the worst week in two years for u. S. Equities. Rebuilding bridges, roads, airports. President donald trump releases details from his longawaited infrastructure plan, promising at least 1. 5 t
From the record highs. The dow is now down nearly 15 . The s p is off 12. 5 . Check out these staggering figures. S p 500 companies lost another 900 million in market cap yesterday. They lost nearly 2 trillion in market cap over the last seven sessio sessions. You see rich people lost 185 billion recently. This is good. This income inequality thing. Taking care of it. This is not i also like the now were going to do this every day where we can close on change but if thats not interesting enough its like a fit bit for the market. Its not even the range anymore. Its brand new. Were talking about the full ride. We moved 100,000 points this week. It means nothing. We totalled it up for you. Lets tell you where the u. S. Futures are after what was a wild yesterday as things got pretty bad late in the day. Well try to get an explanation from our guests throughout the morning but the dow jones does look like it will oip up now 275 points up. S p 500 would open up higher as well. 33 points hig
Economic losses of 42 billion, something not to be possible. Up 12 billion from monday. The trip follows the potentially surpassing Hurricane Katrina in 2005. Secretarygenerals meeting yesterday in jerusalemit less than 30 of harveys losses are likely to be covered by private insurance. Life flooding will continue in southeast texas, according to the governor, and he is urging residents to listen to state and local officials and spoke on radio stations in san antonio and corpus christi. Trumps 2020 Reelection Campaign urges supporters to donate to Disaster Relief efforts for Hurricane Harvey. The email urges people to help fellow americans in need. President says he hopes that the administrations response will be regarded as a model. At a briefing with texas officials, Governor Greg Abbott called the response so far very effective, to which the president replied we will congratulate each other when its all finished. Global news powered by 2700 journalists and analysts in over 120 count
Trumps updated policy which limits entry for six muslim majority countries is incompatible for regulations for tournament hosts. The last time the u. S. Hosted was 1994. Scotland may hold a second referendum on whether to stay part of the u. K. Late next year. The foreign minister tells the bbc she must there must be more clarity about britains exit from the European Union. Scotland voted to stay in the eu. It is said independence is inevitable unless the u. K. Softens its rights it stands. Brexit stance. A tax agency says the number of victims plunged last year by 48 . The irs says it has stopped nearly one million fraudulent tax refunds from being issued last year, totaling more than 6 billion. Identity theft exploded from 2010 to 2012, and peaked at the irs in 2014. Day,l news 24 hours a powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Scarlet im scarlet fu. Joe we are 30 minutes from the close of trading in the u. S. Scarlet stocks a