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Abigail today, we are looking at modest gains. It we have the dow s p 500, higher by. 4 . It comes after the attack to form bill passes. Investors thinking rightly or wrongly that the 1. 5 trillion in proposed tax cuts will trickle through into the economy and help the stock market more with shares rising on the day. Take a look at bitcoin. Volatility there. Is hurting many of the bitcoin and blockchain related. Ompanies up 290 . Nd iced tea, this company is going to be changing their name to long blockchain, getting into the blockchain space. Haveample of the media we been seeing on all things cryptocurrency and bitcoin. , this is aockchain 69 million market cap companies. Hascro cap, somebody that a company that has six landowners in revenue and trying to get in on what something is a good thing. Others think it is a battle. It lets take a look at the threeday chart of bitcoin and the bloomberg because the volatility we have seen recently is interesting. Above 18,000 per bitcoin, nea ....
Fascinating conversation and content out of those interviews. Cant wait to see them all. I amme to daybreak asia, haidi lun here in sydney. Betty i am betty lou at the Global Headquarters in new york. Before we get to the great therviews, a recap of markets. We sell the dollar gain, oil markets higher, oil touching above the 50 a barrel level. That led to stocks rising. Lets pull up the board to show where markets closed. The dow added on 40 points. S p gaining. The nasdaq higher, as well. We continued to digest lots of news in the u. S. We will be watching economic numbers that are key for the market. Haidi we spent so many days talking about the weather, north korea, geopolitical risks. We are now focusing back on monetary policies and the macro environment. Check out how we are setting up ahead of the data. New zealand, trading sideways, up 1 10 of 1 . The kiwi dollar at. 7252. The dollar rising for a third day, expectatio ....
Offset the losses. Abigail a good observation. We are looking at risk mixed trading action. The nasdaq little bit lower. Energy one of the top sect yours, not able to offset some of the weakness we are seeing in other names. Take a look at the dow, on pace for another record close. The dow is on pace for its fifth day higher in a row. On paper, its best weeks since the end of tape and of april. And thehad the dow nasdaq closing at record highs for two of the so far three trading days of this week. Its take a look at one big area of movement on the day. Oil up about 1. 8 on the day, up for a fourth day in a row. It is not just the department of Energy Report yesterday, where the gasoline inventory was a much bigger drawdown than expected, but that Hurricane Harvey is a bit of a reset for the energy market. Plus, he thinks the dollar falling is a big positive for oil. A chart ....
Cofounder and group ceo. Everybody has a big chance to go digital, but people need to change, three liters driving alibaba the global disruptor. It was a humble beginning for jack ma as they cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted the answer. Senior executives were quarantined and that gave birth best platform which growth ebay out of china and led to the single day shopping extravaganza and the launch of many new businesses. Much like bloomberg set up for the interviews, the rise of alibaba has been no small feat. More demanding. Eight next step me be even the sars, theres a lot of things we can learn, but today the things we are doing, there nothing we can learn from. Because we think, are the leader of this industry thatu the things you driving on the value of the mission. Theres not a textbook you can read. Ill anyone could have imagined the kind of scale we reach tod ....
Condolences. The u. N. Has condemned north koreas latest Missile Launch after the u. S. Ambassador to the u. N. Said washington is not planning for the retaliation. H. R. Mcmaster added there is a military option for north korea, though it is not the preferred route. President trump will meet with leaders of south korea and japan at the United NationsGeneral Assembly in new york next week in the wake of that launch. That is according to an administration official. The United States continues to lean on china to use its Oil Deliveries as leverage to deter pyongyang. Global news 24 hours a day. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Cory i am cory johnson in for emily chang and thi ....