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The fda approving a 5 15minute rapid test the ceo will join us thats a biggie as power lunch starts right now thanks as august comes to a close, its been a stunning summer rally the dow up 13 the s p up 15 and the nasdaq up 25 . Bob has more for us. Bob. August is usually a nothing month. Not this much. Usually august is typically flat to down. Were up 6. 8 so far best august since 1980s. April, may, june and july have been pretty good monthly gains five months in a row. Why is it happening . Everybody wants to think its apple because apple is up 18 . The s p would be up 4 rather than 6 . Its a lot more going on than apple. The pricing are pricing at some economic rebound could see the returns. The dow transports are up. Thats a cyclical group. The russell 2000 is up high yield is the best performing bond asset. This wouldnt be happening if they were projeking iproprotecn economic downturn. The better argument is theres a bull argument thats winning the argument so far. This is the arg ....
In the meantime, lets go to tina davis on oil. The markets are rebounding. Down a little bit right now. Why . Tina it is keep your hands inside the car days. It has been a roller coaster. Sunday night it has the Biggest Movement we have ever seen in brent since 1988. Today we saw the price plunge more than 7 . That was because of news from reuters that the saudi aramco facilities may be back online and maybe have as much is 70 back online in a matter of a couple days, which is a much more optimistic outlook than we have seen reported elsewhere. All eyes are pointed on the oil minister due to speak round 1 15 new york time. The market is waiting for clarity on how long these repairs will take. David i love keep your hands inside the car. Lets do that, but speculate nonetheless. Could this backfire on whoever is behind this . Could this go from we are more at risk than we thought to we are more resilient than we thought . Saudis a ....
Watching is the closing bell. Mario draghi evening at a dinner in frankfurt right now. Save the recent signs of recovery in the eurozone are a window offered energy is one. He says the euro area needs governance and structural reform and calling for a quantum we and institutional conversion. No mariah and world bank of scotland accused of fueling of global that led to the collapse of the u. S. Housing market. The federal Housing Agency making the allegation over the trial of defective Mortgage Backed securities. The agency seeks more than one billion in damages in the trial. The fha has read almost 17 million has rebounded 17 million in profit. Procter gamble has sale of some of the single phrase in a sale. They have been reviewing each of its brand at the company look to ask and those where it does not command a market leading efficient. We have less than an hour until the ....
Hello and welcome to Al Jazeera America. After three months of protests that brought ukraines capital to a halt, the opposition struck a deal with the government. President Viktor Yanukovych has agreed to early elections. A new constitution and unique government. As Nick Schifrin reports, tens of thousands of protesters are there camped out in the main square and want him to leaveml. The Opposition Leaders worked hard here inside the ukraine and the International Community to convince everyone that this deal is the solution to the problems. You talk to people inside independence square, the cradle where the uprising began, its hard to find anyone who would agree. For 50,000 people the handshak ....
Reforms, not sanctions. The imf hints the approach towards the situation in ukraine needs to be readdressed as it approves a 17 billion aid package. Youre watching worldwide exchange, bringing you Business News from around the globe. All right. A warm welcome to todays edition of worldwide exchange. Protesters have taken to the streets around the world for the may day rallies. Many are gathering to protect against harsh austerity measures. It does mean quite a few markets are closed. The nikkei was working today as far as asia is concerned. These are the individual markets today that have been trading in australia. The nikkei up 1. 27 . The all index dunn a third. The ftse, the irish market and the danish market as well. The ftse up 0. 3 . Up 10 points yesterday. A number of individual stocks were looking at today, bskyb, up nearly 4 at the moment. It reported ninemonth refs into up 7 to 5. 7 billion pounds, the results in line wit ....