For the price of oil. Tom we may have an agreement it is pretty sketchy right now. Javier blas is working on it with Bloomberg News. To me, its a lot of what if. Maybe the story will change up in the hour. Francine yeah. We definitely have a freeze. That is why the saudis are talking about the tar minister. Now lets get straight to the bloomberg first word news with vonnie. Vonnie in harris, David Cameron in paris, David Cameron failed to win over francois hollande. France heads a group of european nations, unhappy with his proposals for banks in london. The u. K. Has no veto power over euro area legislation. An air raid on a hospital in syria has killed eight people. Syrian rebels say russia carried out the attack. The hospital was run by doctors without borders. A warning to the president of south korea, saying that north korea will gain the capability missiles unless the world forces kim jongil and tu new Satellite Photos show china has expanded its activity in the south china sea.
It is more that it is a resumption of the rally that we had seen originally when janet yellen gave her dovish message. Dissuaded from that view by the fed speakers in the interim who were more hawkish. The double stone is back again and even as alex points out we are not that much up across the board we should point out we are off the highs of the session for the three major averages as well. The two day rally for the major averages is relatively substantial. It began yesterday after we heard janet yellen speaking it in front of the Economic Club of new york. What we have seen is a gain of 1. 4 . On that basis, not anything to sort of ignore. It also means the s p is once again higher on the year. It also means we have seen the market cap recovery of the u. S. 1 trillion since february 11. If you add on todays gain another 200 billion or so. That is the size of the rebound we have seen. The old leader coming back in favor. The sang stocks, whatever you want to call it now. Alking about
S p 500 above 2100. Above a level that some traders have been talking about. 18,000 for the dow. All three major averages moving to the highs of the session. The highest that we have seen. Jones industrial average , last may is when the dow hit its record. 1. 1 . Nly off about the s p, around the same so we are getting closer to reachieving that record for both of those averages. The nasdaq, little further away. Todays session, energy has turned around and is the best performing group in the s p 500. Up about three quarters of 1 . Health care is gaining. We have Consumer Staples being pulled lower in part by earnings from coke. I wanted to look at other earnings movers that are not quite the biggest names but still important ones to mention. Textron coming out with earnings that Beat Estimates. The company saying bell little changed in terms of sales but its growth in industrial Aviation Industrial and aviation that did better than estimated. The chipmaker coming up with earnings that
Surveillance. Withuy johnson in london tom keene in new york. I heard you on the radio this morning. You sounded good. Good, you let me know what was going on. You sounded great today. Guy i feel a warm glow of appreciation. Today feels like a weird day. Is adding stimulus. Oil seems to be stabilizing. What seems to be going on . Clumsy tuesday. We have oil on a bid but we have smart guests to get us forward. John silvia will be joining us in the hour. Guy looking for to that. Lets get everybody up to speed. Vonnie the white house is calling the killing of six u. S. Soldiers in afghanistan cowardly. They were killed yesterday while on patrol. They were targeted by a suicide bomber on a motorcycle. The taliban claimed responsibility. Two other u. S. Service members and an American Contractor were hurt. Of tech raises the Number Service person killed this year in afghanistan to 21. The versatility is confirmed in the china landslide. Rescuers pulled a body from the pile of rubble. As man