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where julie hyman have the latest. u.s. markets just keep going up and are very resilient, as we as we have frequent talked about. trading higher, where we are right now that is the record so we are indeed closing in on that record level. a little further from their record closes but nonetheless moving higher today. look at the s&p 500. since last may, that is the decline we are seeing. we will be seeing the s&p can make up the gap. and reach a new record in the coming days. once again, a commodity led rally, a broad rally. tech are the top performing groups here. oil inventories coming up in about 30 minutes. last night, the epr reported there is a drawdown of about 3.5 million barrels. we will see of the government numbers match that. the dollar decline in copper futures are coming back after yesterday passes losses. economic data has been supporting. percentage movers, companies that make this stuff, that produce the various commodities. chesapeake energy up by a ....
result. a bank may move its headquarters from london if britain decides to walk away. follow me on twitter @rishaadtv, include #trendingbusiness. straight to the markets, jitters out there. a few hours from the historic vote in the u.k. people start voting and about four hours. is there an overriding sense of fear? david: caution is a better way to describe it. there is some level of restraint. there is only one game in town. inflation out of philippines, singapore, but none of that matters if you re looking to arbitrage these exchanges at the moment. it is about the u.k. referendum. volumes belowxed, recent averages. some of these that s have piled up a little bit in favor of the u.k. remaining in the eu. generally speaking, the past few days have seen funds go overweight in terms of cash. have a look at what is happening dollar-yen, va doing this. we are closer to the high end of the range. how do you trade this? if the u.k. votes to remain, how do you trade that? so ....
thanks to the demand for the galaxy smartphone. position foring ipo s and southeast asia, raising more than $1 billion in the first half. thailand was the third. you can let us know what you think by following me on twitter. don t forget to include the # #trendingbusiness. singapore and taiwan have just come online. david: malaysia is closed today. singapore opening to a mixed basket. we are up a fifth of 1%. still weighed down by valor-yen. i think that is the story. we have been moving sideways since brexit. dollar-yen is the most important to keep in mind. we went about that ever so slightly. the dollar is weak or by a third of 1%. modest.keeping gains look at that. a few minutes before we get that fixing. i wonder what w they know that we don t. ,ave a look at 10 year yields the opposite of what we saw this week, yields coming back a little bit. still all-time lows here. we had the minutes from the fed meeting overnight, showing are looking at two factors, the ma ....
attack on the family of a fallen soldier. in about 30 minutes about 30 minutes into the trading day, we go to the bloomberg markets desk were julie hyman has the first look. as we see the s&p pulling back, but the more surprising step comes from the dow, which is down for the seventh straight session. it is the longest losing streak for the index in a year and even if the s&p 500 is down, it is still in a very tight trading range and has seen 17 straight trading sessions that index has not seen a move of 1% by the close, even up or down either up or down. this range remains intact in this earnings season. we have the automakers out with their sales for last month, all of the missing estimates, gm sales down, ford down and then fiat chrysler sales rising a third of 1%, but analysts were looking for a gain of nearly 2%. it is not just limited to cars, planes are also seeing declines. coming out with its july passenger revenue per available seat mile, though shares are ....
officials have signed a letter opposing donald trump. they include former members of the nixon, reagan and both bush administrations. they write they re convinced trump would be the most reckless president in american history. doctors without borders says a hospital in sports in rebel-held northern syria has been destroyed by air strikes. the group says the hospital was hit directly killing five children and eight others. hospitals mostly in rebel held area are regularly attacked. more than 40 attacks were reported in july. global news 24 hours a day powered by our 2,600 journalists in more than 120 countries. i m mark crumpton, bloomberg west is next. emily: i m emily chang and this is bloomberg west. coming up, the escalating e-customers war, will wal-mart s acquisition give it enough ammo to really challenge amazon? the clash of two retail titans for e-commerce supremacy. will apple reveal a new iphone next month, we ll give you a first look at the changes in s ....