The nasdaq has surged to. We are 59 minutes away from crossing the finish line of what will mark its 21st record close of the year. But its not just the high flyers within the nasdaq that are boosting the techheavy index. Our floor show traders are about to name their top nonfang nasdaq picks for you. The Trump Administrations china hawk walked back his declaration to fox news last night that the china trade deal was quote, over. Even after Peter Navarro did, the d. C. Word shuffle, could a new game of trade chicken be developing with the worlds second largest economy . Key Trump Administration adviser tom kehoe is about to flag us on what he sees as a slightly fishy situation overseas. And darling, dont give me park avenue. New york citys Real Estate Market has reopened but will multimillion dollar listings be left unloved as buyers look to greener acres postcovid . Star new york realtor jason haber about to take us live inside his newest multimillion dollar listing to reveal the pric
Gulf. Earnings reports first since the u. S. Blacklist. Warnings of difficulties ahead. We speak to the companys chairman. Im matt miller, in for Francine Lacqua in berlin. Lets check on markets. Gains in london, drops across europe. Stoxx 600 down a half a percent. Bp holding it back from bigger losses. To pound continues to weaken see thes, and you japanese yen strengthening. By 108. Dollar can only. 6 of yen. The fed is expected to cut rates tomorrow. Yield and coming up we speak to the ceo of cap gemini, 9 30 a. M. London time. A lot to catch up on today as we have a slew of exclusive interviews. Lets get the first word news from new york. Ratesa mexicos interest are too high for the slowing economy according to the president. The central bank has cap the key high,t 8. 25 , a decade and this makes it one of the strongest currencies this year. The mexican economy may be in mild recession. [speaking foreign language] they are more cautious about inflation. ,his is not a bad thing, no
We will go to that conference once the mayor begins his remarks. Well hear from a number of ceos about how sandy has impacted their businesses. The heads of hartford financial and landry is among the top executives who will be joining us over the last few hours. How equity Index Futures are trading. Will cease trading in 15 minutes time. The dow and nasdaq pointing d n down. As for europe, the action dominated by Deutsche Bank and bp. We do see green arrows across the board with a 1 gain in germany. At least 16 deaths blamed on sandy as the storm continues to wreak havoc on the northeast with new york and new jersey dechaired major disasters. Overnight more than 200 patients have been evacuated from two nyu langone hospitals after backup power failed. Millions on the east coast awoke without power or mass transit. An estimated 7. 8 million are believed to be without power and experts say it could be several days before it is restored. Mass transit at a stand still after an unprecedente
Tom keene in new york. At g7 will focus be china. Tom the president with those comments. What i find remarkable is how all of these leaders seem to be speaking to their homes, but it is not a g7 meeting but it is people talking to america, to canada, etc. Francine especially japan where you see shinzo abe trying to get out of the increase. Lets get straight to the bloomberg first word news. Nejra starting with the g7, angola merkel does not have much support when it comes to austerity. The debate over stimulus versus belttightening has shifted. Canadas new Prime Minister had shifted his countrys focus to Infrastructure Spending and cash. David cameron joins markel as a champion of fiscal restraint. Just a few minutes from now, president obama holds a News Conference at the summit. In france, strikes at Oil Refineries may spread today. Workers at six of eight refineries have walked out. The strike is protesting the president s proposed labor reforms that makes it easier to fire employee
Answering questions today for the first time regarding that massive price hike for the epipen. Its a device needed by people in case they suffer a severe allergic reaction. Surely you must understand the outrage somebody i talked to last night said people are outraged because it seems outrageous. This is the same product it was in 2009 but yet the price has gone up 300 or 400 fold. No one is more frustrated than me. But youre the one raising the price. How can you be frustrated. Theres a list price of 608. I laid out there are four or five hands that the product touches and companies that it goes through before it ever gets to that patient at the counter. No one everybody should be frustrated. I am hoping this is an influx point for this country. Our health care is in a crisis. Its no different than the Mortgage Financial crisis back in 2007. This bubble is going to burst. Im committed to drive change because the leaders and senators, ive called all of them. I want to have a facetoface