Switch up the board. Japanese stocks higher, dollaryen higher for the seventh straight day. A stronger dollar, the theme across the fx market with the euro weaker once again weaker, marginally. Back to the low, 40 bucks a barrel. Vonnie it is one of the reasons why the dollar has been strengthening. Jon last week i got excited because the rate count we start rolling over and crude went with it. Here is your first word news. Syrian forces have scored an important victory over islamic state, taking over the ancient city of palmyra. Stateshows islamic destroyed many of palmyras statures and monuments. In pakistan, an offshoot of the isiban says it responsible for a deadly bombing, that killed 72 people and wounded more than 300. Many were christians celebrating easter. It is the worst attack in pakistan since the massacre in 2014. Bernie sanders wants to debate Hillary Clinton on her own turf. Sanders is calling for a debate in new york before the state holds a crucial primary april 19. H
Passenger jetliners surged in 2014. Global news powered by 12 400 journalists and more than 150 news bureaus around the world. I am mark crumpton. I am cory johnson and for emily chang and this is bloomberg west. The fbi has dropped the case against apple saying they successfully managed to bypass the security. The highly anticipated vr headset hits the market today, but is the content ready for prime time . And nder Tim Westridge tim westerton is back. Legal actionrawing against apple after they successfully bypassed the security of the iphone without apples help. Thats go to matt larson for the latest as well as paltrow Paul Kedrosky will join us for much of the show. Like the fbi has successfully been able to access the information it was seeking from the iphone without the assistance of apple. It looks like there was a third party involved that gave them a technical capabilities to do that, likely some kind of mobile forensic expert that had contracted with the government in the pa
Chart. That is all ahead on bloomberg best. Alix hello and welcome. Im alix steel. This is bloomberg best. Rubio of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets take a day by day look at the week top stories. Starting with a surprising turn in apples legal showdown with the u. S. Government. Department of justice withdrawing legal action against apple. After the fbi successfully bypassed a law without apples help. The fbi has successfully been able to access information it was seeking from the San Bernardino shooters iphone without the assistance of apple. Looks like there was a third party involved that gave them the technical capabilities to do that. Likely some kind of mobile Forensic Experts they had contract with governments in the past. It looks like the fbis drop the request to have apple right additional code to circumvent security ios software. The rumors i have seen is that it is an israeli contractor that works w
It is still a vacation week for many. We saw a lower volume last week and is characterizing trade. We are getting a little bit of steam as we head further into the session. Up 0. 2 . Nd s p overall, marks do feel a little stuck in neutral. Markets to feel a little stuck in neutral. 714. This is something bloomberg saw in a story today. It has been 10 months that the s p 500 has gone without making a new high. Despite the recovery, it is still 100 100 points below a record. Something that is relatively unusual. It is the longest streak of this kind of thing, not making any new highs outside of a bear market since 1995. We go back to 1976 and look at the bear market and these streets we have had, stocks going without making you highs streaks we have had, stocks going without making new highs. If you look in the performance of averages, we are still se eing gains in the dow and the nasdaq is the laggard on the year. Given the fact that technology tends to be the leader on the up and down
Also, we have had a strong run of gains for the major averages. Five straight weeks of gains. So now we are sort of hovering. There is a positive momentum as the s p and dow gained slightly. The nasdaq down very slightly. If you look at the s p 500 over the past week, it is not just today that we have seen this. There has not been that much of a change. Down about 10 about 7 10 of a percent. Even take a look at volume again today. If you look at the bloomberg, volume versus the 20 day average for all of the groups in the s p 500. All of these bars are down particularly energy. More than 40 drop in volume. Utilities, financials and health care seeing a 40 drop worse is the 20 day average. It is across the board. It is not it does not just feel like, it is lower than typical trading activity. Alyx is there a flight to safety in this Light Trading day or light across the board . Julie there is. You would think with little activity in stocks there would be little activity elsewhere and tha