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i know this is all pre-brexit vote, but then we also need to look at yields. that s probably the story of the day. tom: absolutely extraordinary morning. what i find so telling, francine, is i can tell you, i ve never seen a bloomberg screen like this. 2007, 2008, even september 11 of 2001, it s an absolutely extraordinary environment. how fortunate we are to have jim bullard for the hour. francine: right. we re seeing record lows, so not a bloomberg screen, not any screen. tom, we ll get back. those yields and bonds shortly, but first, let s get straight to the bloomberg first word news. francine, in the u.k., the justice secretary will make his case today on why he should be the next prime minister. g next he torpedoed the leadership ambitions of his fellow brexit campaigner, boris johnson. now gove has his sights set on the home secretary, the early favorite to lead the conservative party and the country. the largest oil producer in western europe faces a strike at ....
responsibility. today president obama gave a somber statement about the house, where white he spoke about efforts to combat terrorism around the world. pres. obama: are going to keep taking out isil leaders and push them back in syria and iraq. we will stand with our partners and will destroy this vital terrorist organization. and income trust to these terrorists who only know how to kill and destroy, we are going to win this fight by building. by never giving up on a diplomacy to end the syrian civil war. by working with partners around the world, including muslim communities, to push back against hateful ideologies that twist and distort islam. a religion that teaches peace and justice and compassion. . john: president obama also had things to say that relate to the political debate here at home. pres. obama: in the wake of last night s attacks, we have heard more suggestions that all muslims in america be targeted. tested for their beliefs. some deported or jailed. t ....
year. but keep in mind we are still about 20% lower than where we were one year ago. the question, of course, now is where do we go from here? let s bring in our all star oil panel now. lima croft of rbc capital markets and john. two things, number one, you called this nigeria thing back on january 27th. yes. congratulations. thank you. is the output cut that s happening in nigeria enough to sustain higher prices long term or just short term activity? one thing about nigeria is we had supply outages in the past and they lasted a long time. what i keep telling clients is if nigeria goes off line, it s sticky. they re intent on shutting down production and they have the capacity to do. so it s the biggest upside ris nkt oil market. is there any other sector where you have a group called the avengers having an impact? this is what they re calling themselves. it s really a men take two. there was a group that kidnapped oil workers, shut down facilities and par ....
let s get pumped up. we re being joined about it founding partner of agin and we have a kmg manager of tortoise capital. you ve been negative on oil. we re back to $50. why? are you changing the tune in the price forecast? i m not that constructive on it. i see the dollar rallying as the fed goes into interest rate hike mode here. balance of the year. i think some of the outages that have driven the latest leg are transitory. you have already seen the canadian outcut come back. you re seeing libya barrels starting to load. and the situation in nigeria isn t great. iran, iraq, saudi arain yashgs all set to ramp up production even further in the coming weeks. so you re negative? you think this is a short term pop. you expect prices to fall again? and we re at a critical level here matched up right with the october high. it would be a prominent double top if there is a failure here. okay. what we do know is that prices have rallied. as oil prices rallied, so, too ....
welcome everybody to power lunch. i m tyler mathisen. glad you could be with us this afternoon. let s take a look at the dow trying to break an eight-day losing streak. that kind of streak hasn t happened since august of 2011. right now the dow up 23 points or 0.13%. energy and financials leading the way. oil back above $40 a barrel. despite a surprise build in crude inventories. brian. hi, i m brian sullivan, thanks very much for joining us. here s what else is happening at this hour. walmart reportedly in talks to buy web retailer jet.com. dow jones says the deal could have a price tag of up to $3 billion. also, 33 u.s. service members have been reportedly infected with the zika virus. all of those cases were contracted overseas. the magic apparently still alive. scholastic says more than 2 million copies of harry potter and the cursed child were sold in north america in just the first two days of sale, melissa. welcome everybody. i m melissa lee. straight to ....