Said he would advocate American Energy in all forms, including the normals. Renewables. With this witnesses say some of the witnesses say some of the victims in the Historic Building ran backart of tehran into grabbed valuables. Will be the ambassador to the u. K. Trump congratulated johnson, and referred to him as an ambassador, and said he was going to st. James, a reference to the london posting. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am taylor riggs. This is bloomberg. Scarlet live from bloombergs world had quotas new york, i am scarlet fu. Joe and i am Joe Weisenthal to we are 30 minutes from the close of trading in the u. S. Scarlet u. S. Stocks are lower with the Dow Jones Industrial average drag down. Joe the question is whatd you miss . Scarlet the hearing for Steven Mnuchin has just ended. We will look at the tough questions he had to answer on tax reform. Ibm reports after the market close. Investors are b
Adjustment and the median price of an existing home up 4. 8 yearoveryear to 247,700. This number coming in better than estimated. Today does not necessarily belong to macro. In more belongs to micro and corporate earnings that have been coming out. The ecb decision to not raise rates, notwithstanding. That has not seemed to disk to derail u. S. Stocks. The dow and s p have been pulling back from yesterdays record close. Was good to big corporate stories we are watching. General motors posting record earnings. They beat analyst estimates for earnings per share by 22 . Sales of 11 and the company attributed part of the beat to better pricing. Those shares are rising today. We heard from biogen. Secondquarter profit coming out and beating analyst estimates. The bigger news is that the company ceo is departing. Over doubling in sales at the company. More recently, analysts and investors have been scrutinizing biogens blockbuster ms drug. It is not growing as much as some anticipation. In t
Estimates. The biggest thing on the economic front, the bank of england coming out with its Interest Rate cut as well as increased stimulus here. Factory orders, durable goods orders coming out a little better than had been estimated but it does not seem to be changing the direction of stocks to any significant degree at the moment. Still seeing very little change as investors weigh what the bv has done with the bank of japan and try to extrapolate what the fed in the u. S. Will do. Playing into what we are seeing today asked stocks fluctuate above and below the zero line i half hour after the beginning of trading. I what to look at what is going on in the bond market following the bank of england action and following the Economic Data. As we saw in the u. K. We see yields moving lower. 1. 49 in the United States and taking a leg of further down after we got this Economic Data although it does appear to be better. In terms of individual stocks that we are watching this morning, weve go
30 minutes into the trading day in the u. S. Thatmuch awaited data julie hyman is back. Julie in terms of that data, the nonmanufacturing composite index coming in with a reading of 51. 4, that is below the 54. 9 that was estimated. Above 50 is still expansion. The weakest pace in six years. We seen a slowdown in manufacturing as well. Softening in the economic numbers that weve gotten recently. We are seeing stocks hold up relatively well. The nasdaq still hanging onto a gain of. 25 . One thing that may be chipping away at the early gains today come energy prices. We are seeing oil come down after seeing a gain in the past several days. Over speculation of some kind of opec production agreement. Some disappointment being reflected in the outright freeze not being talked about. Down. 75 . We had some energy deal activity to talk about. And bridge will be buying the largestgy Energy Pipeline and Storage Company in north america. The largest foreign purchase ever by a canadian company. 1