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we ve been lagging in financials. they have been not really participating in this. we get any participation from that, scott, think about the momentum that could push into the marketplace. obviously we ve gotten through these earnings. tech has a leader. they have been an absolute work horse in the market. and each and every day we seem to see it. it s not just the big fang names, it s across the board all way into the semi conductor world, but technology itself is leading. we mentioned, joe, 2400 on the s&p was a significant hurdle to get over. we closed above that and now we re at 2412. the significance of that? how much momentum do you put behind that? technical breakout, same thing that happened at 2300. got above 2300, really never fell back again. i think you re witnessing that right here. i think what s adding fuel to it is the amount of pessimism and negativity that we had especially last week when the markets were down 300 plus that one day. there were many ....
more rate hikes this year? amazon ascends. the stock topped $1000 a share in the u.s. yesterday but how much more room do stocks have to run with the record rally? we are half an hour away from the european open, from the open of cash trade. take a look at where futures are trading right now. we are seeing gains for most european indexes, a little bit of a loss for dax futures but the futurese in action. we have not seen the asian news carry through yet as far as index futures go. theo see it if you click on gmm screen, you can see in the forex, the renminbi, the yuan getting a big move. anytime you have a black oxen the middle of one of the panels on a gmm screen that means you re seeing a move that is more than three standard deviations away from the 30 day average. you see it here in the renminbi on and off shore if we take that and and pull out the bonds commodities, you re going to see china highlighted again here as far as the move with the sovereign bonds, the fi ....
june 8. we are getting data one hour from now. let s quickly get to the markets. the pound definitely, the story of the day, dropping. i would point to the latest polls by u.k. government. we have our london bureau chief joining us to look at what a hung parliament could look like, and whether we believe the p olls or not. .he vix, down from 1.8 virtually600, unchanged. let s get straight to the bloomberg first word news. reporter: in afghanistan, as many as 80 people have been killed and 350 injured in a suicide car bombing. there was a rate on the country s largest military hospital in march. the u.s. says the first ever test of the defense system against an intercontinental ballistic missile was a success. this was after a ground-based interceptor shot down a mock weapon over the pacific ocean. this comes amid mounting tensions with north korea. reynard says soft inflation could make us rethink the path forward for monetary policy, should it linger. u.s. growth looks ....
at 10:00 a.m., us home sales for the month of april. 2:00 p.m. the fed releases the book ahead of jobs friday and 3:00 president trump welcomes the prime minister of vietnam to the white house with trade on the agenda. jonathan: it has been a choppy session for sterling. a projection in the times shows theresa may s conservative party may miss winning a can a conservative party and face a hung parliament. study based on a new model and showed her party falling short of the majority by 16 seats. joining us from london is an morass thomas. great to have you with us on the program. break down the new study and the methodology and whether we should take this with a huge dose of salt. in britain has been in crisis. they have the brexit referendum in the last general election result. this study seeks to address some underlying problems in pulling. you can win a majority getting a majority of the popular vote so really elections are won and lost on 100 key constituencies. th ....
friday. officials say the increasing number of displaced people and a in temporary shelters, many people are now at risk of disease. abc news reports that police are reviewing security footage of a raciallyall motivated slurve that was spray-painted at the front gate of lebron james home. authorities were also alerted this morning and property management removed the graffiti before officers arrived. he arrived in california yesterday to defend their nba title. that game is tomorrow night. global news 24 hours a day powered by more than 2600 journalists and analysts, in more than 120 countries. i am mark crumpton, this is bloomberg. julia: live from the world headquarters, i am julia chatterley. scarlet: i am scarlet fu. joe: we are 30 minutes from the end of trading. julia: the u.s. stocks slightly lower today as the banks are sliding. joe: the question is what you miss? scarlet: president trump could make good on his pledge to leave the paris accord. of course, what ....