Trading day. Julie hyman has the latest. We are still in the green. We are rising to the highs of the session right now. In the u. S. , we have made up the losses of the last couple days but in the u. K. , the ftse 100 closing up by three and a half percent today. The u. S. Trading at highs, the nasdaq has been a consistently to vote. One in two thirds of 1 . We are looking at a broad average of stock here in the u. S. We have a twoday gain of 3. 2 . We did see stocks pullback by the neighborhood of 5 over the prior two sessions so we havent yet made up the losses that it is a significant rebound. Bluecollar reported the worst of the brexit induced selling in the United States is behind us. So what is driving the buying today . Transportation stocks, weve got a continued rebound up more than 2 as we had concerns previously about the effect of the u. K. Vote would have on global travel, on currencies. Now those concerns alleviating for the moment. Delta and jetblue all trading higher. W
About six points and the dow futures are down by 43. Overnight in area, the nikkei was down by 1. 6 the lesser gains for the hang seng and the shanghai composite which finished almost flat. If you want to take a look at early trading in european markets, across the board, you see some red arrows. The dax in germany down by. 7 . 75 decline for the cac in france and the ftse is down by 1. 3 . Take a look at crude oil ahead of tomorrows opec meeting. Oil was up 20r9 month, but you can see the wti this morning is down by 1. 5 to 48. 36. ] p e much more on that opec meeting in just a moment. Here are the big stories we are watching today. In corporate news, softbank selling at least 7. 9 billion in shares of alibaba. Softbank is softbanks largest shareholder. Its staples dropped now from 30 to 28 . Shari redstone says she has no interest in managing viacom. Red deny stone says on todays economic agenda, april Construction Spending out at 10 00 a. M. Eastern time as followed by the feds beig
Moments ago. I think you have sort of a false market, buoyed by zero Interest Rates and you have to be cognizant of it. Of course, covered a lot of ground. Talked valeant, apple, herbalife. But in general, nervous about very big, bad things happening in the global markets. Without a doubt. If you have a billion dollars and youre over a certain age, it seems like youre really focused on the risks. The environment doesnt feel comfortable to you. Negative Interest Rates are something you never thought youd have to contend with. And its not to say its correct or wrong, but its one of those things, everyone understands the unease. If youre somebody like carl icahn who has made his fortune putting money at risk when everybody else was panicking and it seemed like things were cheap, thats not really the environment you feel like were in right now. You had an interesting discussion about these gentlemen on twitter yesterday. In part, the conversation went, are they uncomfortable with a communi
Speaking at a space summit, elon musk says he wants to build a city on mars. It is something we can do in our lifetimes and that you can go and is there really a way that anyone could go if they wanted to . That is really the important thing. It could taked between 40 and 100 years to create a selfsustaining civilization for as many as one Million People. So how does spacex pant to get us to mars . What kind of financing would a project like this need . Andessor of aeronautics astronautics scott hubbard. Incubatesis who space companies. Scott, i will start you. Do you believe we need to go to mars and why . Scott of course. I have been collecting reasons for the past 40 years. It is exploration. A he said, this could be hedge against future catastrophes. Emily do you believe we could face an extension event an extinction event here and we would need to go to mars to survive . Scott the dinosaur new day been come right . Needed a the dinosaurs space program, right . I am more interested
We had estimated a decline of 0. 1 . When you look at Central Banks, it is the specter of disinflation and it looks like mario draghi may have to address this. Euro area economy, we also get gdp figures. It was a little better than estimated. Gdp better than expected in the First Quarter. Vonnie we are not getting much of a Market Reaction yet. Stocks were lower in the first few hours of trading. The cac 40 down about 1. 4 . The euro also not seeing a huge reaction. People haveguess been led to believe that mario draghi will address this, so this would explain the circumstances in the markets. Lets get to the bloomberg first word news. Heres nejra cehic. And opponentsers of british membership in the European Union squared off here in london today. They gathered for the Bloomberg Brexit eight posted by Francine Lacqua. The value is not just in the eu, but around the world through trade deals. It is valuable for jobs, for investment, for the future roster of our country. What they tell u