Were lowinger taxes. Taxes are going way down. Were going to allow trillions of dollars to pour into the country that are right now outside of this country where people and companies what. To bring it in and well get rid of the tremendous numbers of rules, regulations. Donald trump reaching 12,037 delegates, the number needed to clinch the nomination. The likelihood of a Trump Presidency is as real has its ever been. The stocks, the sectors that will do well under trump, which will not . This is a question everybody across america is asking that tonight. Its a 50 50 shot. This is an absolute coin flip he could be the next president for better or worse. We talked about this, the potential for him to be president saying how the market would collapse. My push back would be the knee jerk reaction would be i agree. You talk about funds which exactly is what he talked about, trillions of the dollars coming back put into infrastructure would be bullish. So i think the knee jerk would be lower
Terranova, jim lebenthal, josh brown and Pete Najarian. How worried should people be this week for a sector thats made a nice comeback . Not worried at all. The sector is rallying into this dnc and a big difference between word and deed. Very easy to put things in a platform, harder to actually enact them. And history suggests that these things typically dont play out based on the worst case scenario. Most important thing here, scott, technically speaking, look at xpi, equal weight biotech index. A much better measure of the broad sector than the ibb. That is on the verge of a breakout. 60 resistance and a pattern of higher lows. Exactly what you want to see. Sellers are less aggressive. Buyers more aggressive, and once this thing gets going, typically set up for a nice run for a little time. I would not be worried about headlines this week. Theyre just headlines. Theyre not actual policies. Pete, word alone, though, to sort of refute what josh is saying, has already crushed the space
And that is euro area april services pmi rising at 53. 2. We were expecting a figure of 53. 3. We have the services. We also need to look at manufacturing. That is also a touch, almost in line with expectations. Falling to 51. 5. We had forecast a 51. 9 figure. Maybe that will be disappointment for mario draghi. We will keep a close eye on. Lets look at currencies. Because we may have a little bit of impact from this loss of confidence in eurodollar. 1. 1283. We are looking at daimler and volkswagen. Ryan chilcote is on the ground for any breaking news. European stocks are down. We will talk about japan. To talk about negative rates on loans and the impact that has on currency. Lets get straight to bloomberg first word news. Nejra president obama has urged britain to reject a socalled brexit from the e. U. He says the European Union does not moderate it magnifies it. While the u. K. Faces many of the same challenges as the u. S. Including migration, economic inequality and terrorism, t
Feeding antibiotics to animals could be putting humans at risk. Welcome to the program. Top story, global efforts to stop fighters from joining armed groups are failing. Despite bombing campaigns, the foreign errs joining them has more than doubled. As many as 31,000 foreigners have joined groups in iraq and syria. That last report on syria june 2014 recorded only 12,000 fighters. That was before efforts to contain and wipe out isil had even begun. Fighters have come from everywhere, half of them, though traveled from the middle east and north trick can exploiting a weak security situation to move freely across the region. By far, the biggest group, tunisians, 6,000 of them have been recruited to isil and other groups, as well. 5,000 fighters have come from western europe. Thousands more have come from what were former lier the soviet republics. Up to a third of foreign fighters from western countries, creating major challenges from the services where they originated. The report writer
This happened at the city council there is poised to consider new law for getting new guns from hitting the street. We have the story. It played out on busy oakland street. Discussion turns violent as the man in the tan hoodie pulls out a gun and shoots three times. One shot hits female bystander half block away. Heard the shot. Young lady was standing right there. With the baby in the stroller. Reporter she told us she had just gotten off the bus at broadway and 14 when woman shot right on the sidewalk in front of her. She help the woman inside a fastfood restaurant. They gave me a bunch of cold cloth to a apply pressure. I guess it hit an artery because it was bleeding to bad to be grazed so i applied something around her arm like really, really tight to stop it and held it. I felt the bullet myself in there so i held it down until the Fire Department and ambulance got here. Reporter oakland Business Owner told us the video shows the suspect inside his store moments before the shooti