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Transcripts For BLOOMBERG Bloomberg Markets 20160502

All three major averages are higher, the nasdaq in particular is notable. It had its biggest turnaround over the course of trading today. Lets look at the groups on the move, Consumer Discretionary has consistently been strong, Consumer Staples joining at the top of the pack. Financials also participating. Tech has been brought, everything except energy now higher in the s p 500, and even energy has paired earlier declines. Move,g at stocks on the one is apple. These shares are coming back to nearly unchanged, positively for the end of the day. If they fall, it will be the eighth straight session decline, longest losing streak right back to 1998. We will watch this closely because apple is so heavily weighted in the major averages. The other stock is amazon, those are rising near highs, not quite there, but near highs of 3. 5 . That is a record high. His like it could be in part because of war and of it praising Jeff Bezos Warren buffett praising jeff bezos. And another dimension, oil

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Chris LaSusa joins Paloma Partners to run long/short equities

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