A politician who took part in kenyan opposition rally has been deported to canada. The kenyan government Spokesman Says the person seen here to the renounce their citizenship years ago and never reclaimed it but they said that he plans to challenge the deportation, calling the presidency of the current presidency president a legitimate your that illegitimate. Illegitimate. Global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. This is bloomberg. Vonnie 1 00 a. M. In hong kong. I am vonnie quinn. Shery i am shery ahn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories. Stocks move higher after the best day in 15 months for the s p 500. A conversation with bain capital comanaging partner jonathan lavine. Cable take his recent that he will take his recent market news and given to us. Shery vonnie a new segment, charting futures. We will start with the markets because julie hyman is
Series planet of the apps to talk about this move lower today for snap and in general back down to the ipo price. A lot to talk about with jeremy liew. And bitcoin investments. Hes hot on bitcoin right now. A lot of that coming up in a bit. Plus, alibaba is hold be an avent to attract u. S. Entrepreneurs. The vice chair of the company joe tsa i will join us for an exclusive interview with david faber to talk about that strategy the latest now out of washington and theres been plenty of House Speaker ryan, are you saw that speaking to cnbc last hour about tax reform heres what he told Brian Sullivan when he asked him if he would support a push for a 15 Corporate Tax rate. I would love it if we could get the numbers to make it work. Do you think you can . Im all for it, something thats actually possible were going to spend all summer long drafting and getting what we call scores, getting the numbers to work. We being the house tax writers, the senate tax writers and the white house and t
Expect sluggish growth. He said he wants to take that think about and rates. Oil is currently unchanged. It has been bouncing around all morning long. Yesterday falling to as low as 42. 75 a barrel. It is entering a bear market, the 21 to its peak, and dollar coinciding somewhat with oil. That is holding your a onemonth high, gaining as much as 1 over the past two weeks. Lets get an update on what is making headlines outside the business world. We are checking in with them on first world news. Has won theel special election for the house seat in georgia for the gop. She took 53 of the vote against democrats. Democrats have hoped to capitalize on debt President Trumps low approval rating. In london, the queen said the government will try to maintain its subtle relationship with european allies. She outlined Prime Minister theresa mays legislative agenda in her annual speech department. Queen carried on without her husband, prince philip. He was hospitalized for an election. In saudi ara
It is a stronger dollar story this morning. Yields much higher on treasuries by flavor basis points four basis points. Alix look at the two year yield. 1. 29 on the twoyear yield, up three basis points. Watching over in france, the yield up by thre two basis poin. Watching that selloff as we hear that fillon will stay in the race. David taking us to President Trumps speech to Congress Last night, we are joined by kevin cirilli. In new york, we have michael mckee. What were the highlights of the speech . What did you take away from it . Kevin it was a different tone from trump, but it did like policy specifics that traders on wall street were looking for. He did call for an increase to u. S. Notary spending. He also called for a 1 trillion infrastructure package plan to pass. He also vowed to cut funding from the Environmental Protection agency as well as the state department and foreign aid. Either way he did not take a position on the border tax or tax reform or a host of other issues
Curb supply . And what does that mean for a sector up more than 40 this year we have your power playbook. Tyler . Contessa, thank you very much stocks are off the lows of the session. The dow had been down almost 30 points right now the losses are mott moderate, about a third of a percent. The s p off 20, and nasdaq, as has been the case so often, is the laggard, about fourfifths of a percent yields are moving higher despite the higher yields, banks are lower across the board as youll see in just a moment. Goldman sachs is down more than 2. 3 . Jpmorgan a point and a half, and the financials down about 1 the semietf is turning higher, but amd, nvidia, Lamb Research lower off the lows of the session. Theres a lot of the green, though, energy, oil stocks moving up as crude jumps on the back of that Production Cut announced earlier today, over in vienna by opec contessa tyler, the fight against inflation is far from over do the risks of more rate hikes outweigh the reward . In todays ism