Sentiment. Energy stocks higher now for the second day in a row. Thats as oil jumps to its highest level in nearly a month. Back near 30 a barrel whats going on there . Plus, texas reopening. Maybe that has something to do with it. Texas reopening restaurants and Retail Stores over the past week well talk to one restaurantur who owns about ten restaurants in texas looking forward to that. Thanks stocks are on track for their worst in two months. Even as we take a peak at green, positive territory. If you take a look, tyler mentioned a 270 point decline for the dow industrials. We are hover, there you have it. A new fresh intraday high as the dow is up 32 points. Its not a lot but all three sectors in the green they were all in the red at one point so far today take a look at energy. We mentioned those oil prices. Remember, focus on technology. Were marginally in red territory. A volatile session for the bond market on this friday after a record drop in retail sales. Lets get to rick fo
Done here you see the home builders, weve had a terrific rally in the builders in the last few days but hovnanian was 29 just a month ago. Its a 9 stock right now. Yes, weve had a great rally, but bear in mind how far weve come and how many more headlines we have yet to get through a lot of people are also optimistic watching the vix drop it has dropped exactly in half since march 15th it was 86 on an intraday basis march 15th, you see it at 43 exactly a 50 drop thats making a lot more people a lot more optimistic. A lot more arguments that the markets are higher have been mitigated by the fact that weve just had such a big rally and its hard to push against this rally right now. Look at these stocks right here and how much they have moved since the market bottomed, the february 21st close, which is when things really started get getting bad. Walmarts up, verizon is only down 1 . Merck and 3m down a few percent. This is when things started getting really serious you see how much the ma
And any barriers to goods and workers should now be removed. U. S. Business is pleading for help as demand and production fall. The president calls says that china will pay. Shery we are looking at how markets are trading. U. S. Futures are under pressure after we saw the nervous rebound in the trading session. The s p 500 slipped between small gains and losses. We have energy in a discretionary stocks leading the gains. We actually saw the nasdaq composite really rising more than 2 because of bargainhunting going on. Twitter andtesla, netflix as well. So we have seen a little bit of upside, especially the energy sector. Take a look at what oil. Is doing it just hot its best day on record. In fact, climb back most of the clawing back from most of the losses we saw earlier in the session. We are coming back from the lowest level in 18 years. This has the president said he would get involved at the appropriate time in the state of between russia and saudi arabia. We have seen the u. S. G
Global economy. Welcome to bloomberg surveillance. Itsve a lot to get to, five days of a packed agenda. We have many World Leaders at the forum. No matter where you are in the world, we need to check on the markets. The markets a little bit thin on compared to other days. Im looking. In crude oil is one we need to watch out for. You see on the screen, really rising today. Lower, ittocks edging will be appropriate earnings and gold climbing parade get to the first word news. Libyas oil industry have been caught in the crossfire. They havewn shot shut down and output 2011, peacesince talks are underway to work towards the p cease fire. Oilfieldave halted an letting widespread a second oilfield is expected to closure. Around 600 people have died and thousands wounded. In the u. K. , prices increased for the most on any january on record. 307es increased to nearly south of the pound. Before a new tax on foreign investors. China at least three people have died and 200 diagnosed with a new v
They will make a goal in iraq for all u. S. Troops to leave the country. Kathleen president troop President Trump warning of u. S. Strikes if u. S. Troops are hit. The Market Reaction around the world, starting with australia which is open. What are you seeing . ,ophie the s p fell the most sydney futures are the very slightly up. The dollar is under pressure. The aussie dollar being weighed against falling against the yen which remains on the front foot, trading at the strongest double since october, 107. 78. Japanese stocks are set for losses. Tokyo markets back after a long break with pmi do from japan. Resumee treasury to trade in tokyo online. Caution as we return, looking at aussie bonds, the yield curve flattening with the 10year falling five basis points in australia and risk aversion took its toll on middle eastern markets. Lets look at that damage report. All major benchmarks tumbling. Aramco settled at the lowest closing parts price since listing. Oil prices, seeing brent an