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Gains at the open although still on track to break that twomonth winning streak plus pharmaceutical stock rallying ahead of the open, this after Johnson Johnson received a smaller than expected judgment against it involving its sale of opioids. And facebook targeting snapchat again the social network reportedly developing a new messagingapp that would allow even more sharing between friends. Sharing. We share look. Were always sharing. The market is up. Receive watched this market from 3 30 this morning up until now, and theres nothing. Nothing nothing i mean, not even the bonds theres nothing. But people will foment reasons its going up and i refuse to do that you refuse to do what to explain right i think a lot of people recognize that without a new tweet thats disruptive, theyd better get a little longer well get back to fundamentals for while until were interrupted by a new update from the trade war. Hard to know which way th ....
Julie hyman with a closer look at the Economic News coming out this morning, including Consumer Confidence. 92. 6 is the Consumer Confidence index number coming out for may. By6 uses 96. 1 estimated economists. Lower than estimated. We have a lot of data, including the case schiller number and a personal spending increase that was the largest we have seen in seven months. We have been seeing strength in some of the economic data. That seems to be feeding into the narrative that the fed could move in june or july. Change in stocks. The s p and nasdaq were higher, but not huge gains and the dow is lower by four points. Not moving on the Consumer Confidence data. Aregroups on the move, we seeing more gains and losses in terms of the sectors in the s p 500 ....
Why he is endorsing donald trump for president in another exclusive you will see only on bloomberg tv. Jonathan a brilliant morning of conversation. Lets check in with our Bloomberg Team for indepth coverage of the stories. The one minute plunge and chinese stocks, and a look at the job report. Vw still being hit by email and cheating scandals. Lets begin in frankfurt, paul gordon joins us. Inline but still not great for president draghi. Paul inflation just below zero, employment just above 10 , a flight improvement and reason for the ecb to say the stimulus is starting to work at a long way to go. Where did the inflation come from . It has never really come from industrial goods, it used to come from energy and that may return briefly but it is hard to see that sustained. Services inflation is where the ecb needs to see prices increasing and that is a stretch at this moment. Jonathan if you are looking for a company that probabl ....
Dow is up 25 points. S p is up by 2. Nasdaq up by close to 7. Overnight in asia, better than expected Economic Data coming out of japan. Factory output rising. 1 gain to the nikkei up by 166 points. If you take a look at early trading and european markets youll see at this point thing, relatively flat. Red arrows across the board. None of these major averages down by even 0. 2 . A race looking at how european average, up on asia. They read articles like that. They dont last long in these websites. No, they dont. I guess thats the same way with print. Were going to talk about the top stories. Do you like a fourday week where you have a friday off or a fourday week definitely a monday. Its pay it forward, right . Pay it forward. You dont do anything for the friday off of the foreday week. But were youve put in five last week and get three off. Its already tuesday, everybody. Monday is gone. Its better. Its better. Among our top stori ....