With the republican gop lawmakers in attendance, those from the house, bringing you that live from the rose guardar in 30 minutes. Hey, is there going to be a rally . What about a selloff . Well, by the way, theres this story about whats happening in oil today. Prices there, in crude, a fivemonth low. Theres talk about a glut, concerns about it, and its enough to send the price of crude oil less than 5 today, below 46 a barrel, and that has a lot to do with what youre seeing here. Going through support levels, 48, 47, 46. Much support. Not today. Concerns about cord cutting and the ad market. Crushing media stocks this week, but will cvs earnings after the bell change the tide . Looking at that coming up sometime in the next couple hours here when we can get to it. We have a lot of plates spinning in the air today. We begin with the full Team Coverage of the Health Care Bill there on capitol hill, and joining us with analysis, dan cliffton, and give us the hit, runs, and errors first.
Saudi banks are in the spotlight viewed in the spotlight. Is Bloomberg Markets middle east. We had an eventful end of trading in other markets last week. Theetty green day across board. The s p 500 up over half of a percent to reach another record high. The dow jones also up to another record. 0. 18 making for a big gain last week. And also the emerging markets index up almost two thirds of a percent. Quite a different story to the one we were talking about at the beginning of the year. Lets talk about macro factors driving the rallies of equities. You can see the bloomberg dollar index fell after we have the weaker than expected inflation data. Ulls gave some of the b to think the next fed rate hike is further on the horizon. Rallying their funds. Saw, the cboe index cannot get lower. Up. Ef crude oil was take a look at where it closed at. Interesting levels. The baker hughes index showing 765. Crude up to a total of also, gold futures off the back of the news around inflation, while
Coming up next, two former republican members of congress sit down to talk about their time in washington d. C. And how things have changed in the u. S. House of representatives since the 1980s. We hear from Nancy Johnson and peter torqueleson. This is about 90 minutes. Id like to thank you all for coming this morning to our session on former members of congress, our donors and audience. Id like to introduce our moderator this morning, david cain, a senior lecturer and public policy, faculty chair and Public Administration programs in the john f. Kennedy schools of government at harvard university. Since joining the faculty in 1992, professor kings courses have focused on legislatures, Political Parties and Interest Groups. He is also a member of the core faculty within the car center for human rights policy and is a faculty affiliate of the toebman center for state and local government. In the wake of the 2000 president ial elections, professor king directed the task force on Election
Of government at harvard university. Since joining the faculty in 1992, profession so 1992, he is a member of the core faculty within the carr center frp human rights policy and is a faculty affiliate. In the wake of the 2000 president ial election bs, professor king directed the task force for the National Commission on election reform chaired by gerald ford and jimmy carter. That culminated in land marc Voting Rights in 2002. He later oversaw the evaluation and new Management Structure for the Boston Election Department and he served in the Advisory Board of americanelect. Org. In the past professor king chaired the Bipartisan Program for newly elected members of the u. S. Congress and he corrected the executive program for Senior Executives in state and local government. Professor king is the author of three books and published in a range of journals including the american Political Science review and the journal of politics. Please welcome david king. [ applause ] thank you. Is thi
Yesterday it kind of was. Volume still remains below the 20 day average. Dow which fell the most yesterday, its rallying back today. Gains are up 190 points. They are showing relatively strong gains. The s p has a big cap gainers. We have amazon. Thatel advisor reports amazon saw an increase in sales it was a little bit of a slowdown. Uturnis introducing a youtube service. Allergan is introducing its buyback. Companies that are contributing most include Goldman Sachs and owing. We see a broadbased gain a number of different types of stocks. We can take a look at goldman. They are rising today. Weve got a broad rally within the financials today. Thats one of the most heavily weighted groups. It helps the overall indices. If you look at some of the other financials, jpmorgan is among them. To have that . Jpmorgan, bank of america, wells fargo. Breaking newssome in the act sector. Corn prices are popping on the latest usda were. Look at this pop. There we go. This is up 3 . Usda cut brazi