Stay updated with breaking news from Madison square. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
good morning from me as well. let s get you up to speed on the wall street action. a nice day for wall street. 1% gains in all three indices. apple another one of the factors, it s carrying through asian trade and helping futures. 16 points on the dow and 1.5 points on the nasdaq. the s&p up by eight points. let s have a look at the chart of the day. oil on supply discussions. eia saying share output is expected to drop in june for an eighth consecutive month. and also fires burning around the canadian oil supplies of fort mcmurray up again. up ten basis points but the big move came yesterday with up 3.3%. settling at its highest since the 3rd of november. and today a high of 47.85. oil prices remarkably strong. inching towards that $50 a barrel. it s helping markets everywhere. take a look at asia over night. we did see a gain after the nikkei went to a one-week low. also saw gains in hong kong with shanghai comp did close lower by 0.25%. gary fink of black hawk make ....
bullard told cnbc about a potential june hike. obviously we ve tried to be data dependent, and i don t think there s any reason to prejudge the june meeting at this point. we can wait until we get to the meeting, see what the data say and try to make a good decision there. i think on the issue of press conferences we have made many moves over the years without press conferences, so i think you could make a move without a press conference in this circumstance. the labor market data, as i said, if you just took your signal from that, we d definitely move, i think. as a reminder, june is scheduled to have a presser, july is not. says we re at or beyond full employment, jim. right. now, he had wavered last time because he felt if oil went to 20 then he would be a lot less willing to hike. obviously oil went the opposite way, so i think he goes the opposite way. and i think he s being very considered, making good judgments. yeah, if the numbers continue to be this stro ....
upgrade is, it is changing as the phones do. i find it impossible to believe that apple is not going to continue to evolve form factor s to stay competitive with everybody else, so it is saying and acknowledging what we already know which is the cycle of the big changes in the phone platform is coming to a close. mike. you know, we had steve mi melonovich said not to the expect a big upgrate for the 7, but more on the 8, and so you need to refine what you mean by big upgrade. yes, in the steve jobs era, they said they would not move from the different sizes of the phone, but they did that, so it is hard to imagine so many improvements on the cell phone, and i have had it for two years, and i don t think that i will get a new one, and the big thing that everybody wants a lot of times is the battery, and the better battery life, and this is sort of the bound by the laws of physics, so unless apple can make those breakthroughs, we won t see anything that big. and it i ....
about six points and the dow futures are down by 43. overnight in area, the nikkei was down by 1.6% the lesser gains for the hang seng and the shanghai composite which finished almost flat. if you want to take a look at early trading in european markets, across the board, you see some red arrows. the dax in germany down by .7%. .75% decline for the cac in france and the ftse is down by 1.3%. take a look at crude oil ahead of tomorrow s opec meeting. oil was up 20r9 month, but you can see the wti this morning is down by 1.5% to 48.36. ])p+e much more on that opec meeting in just a moment. here are the big stories we are watching today. in corporate news, softbank selling at least 7.9 billion in shares of alibaba. softbank is softbank s largest shareholder. its staples dropped now from 30% to 28%. shari redstone says she has no interest in managing viacom. red deny stone says on today s economic agenda, april construction spending out at 10:00 a.m. eastern time as fol ....
nasdaq up by close to 20. overnight in asia, the nikkei up by 0.6%. the shanghai deposit was flat. in europe, some of the early trading, you re seeing those positive gains are continuing here the dax is the biggest gainer of the major averages up by 1.7%. the ftse is up 0.6%. they finally decided if the economy is is not going to get better, at least we got glory. you almost heard both messages from yellen. the economy is doing okay. she wants something to confirm in one number, i don t think one month would confirm. july, like 20% now. i think it s still on the table. we also want to see what happens with brexit. for eight years it s been look. the economy hasn t really been getting any better but we got the free money. we ve got the low rates. let s buy stocks. that still works. there no alternative to move, right? yeah. there is some corporate news. some corporate news, not so great news for yahoo! this morning. verizon going to submit a bit of ....