30 minutes into the trading day on this monday. Taylor we look to be a bit directionless. Taylor a little bit of red on the dow, but green for the s p and nasdaq. The rustle up more than 3 10 of 1 . This,f the things driving farm and biotech industry. Gilead is in the s p. Perhaps shum of some of the major averages being pushed up by merger monday. The russell 2000, when we talk about that, it is all about the small caps making a comeback. You can see a little bit of correlation here and in quite a bit of divergence with the s p 500 in blue and the russell 2000 and white. The small caps posted their best weekly gains since june last week, gaining about 1. 4 . Perhaps trying to close that gap. Maybe tax reform is back on the table after we get through the debt ceiling fight. Mergeronday, it is monday so lets talk about a few of those deals we are looking at. Kite andtakeover of the expedia ceo leaving for uber. Gilead has some hepatitis c drugs. Tight is interesting in the Cancer Therap
Start of the trading day. How are things now . S por the dow and the mostly unchanged. What is catching my eye is the nasdaq. A few things pushing the nasdaq higher. We have apple coming out september 12. Screens. Oled on a smaller version, we have some other biofarma appears peers. The transportation index outperforming the dow industrial. Let me touch on transportation. We will dig a little bit into that. We can see the s p index higher. Bonnie mentioned products in Corpus Christi and houston being shut down. Or haves our new mode of transportation would be in tracking. Airlines are getting canceled in houston, texas, and the surrounding area. Sticking with harvey, i want to look at gasoline over the last five days. This highlights a big jump. Today up 3. 4 . That is translating into higher prices at the pump. I mentioned the nasdaq and the biotech. My favorite this morning was gileads takeover. You are seeing some other Small Pharmaceutical Companies trading in sympathy a little bit
The president for banning transgender citizens were serving in the military. Violates the equal protection clause of the constitution. President trump has given the pentagon six months to return to the previous policy that barred transgender soldiers. British Prime Minister theresa may is under pressure on two fronts as brexit talks resume. Eu negotiators want her to reveal her hand. The Opposition Labor Party is trying to lure her critics to its side. In theushing to keep Single Market for the longterm transition. A mysterious chemical haze that left more than 100 people in the english coast with burning eyes and breathing problems has dissipated, but the cause remains a mystery. The gas cloud appeared on sunday, sending people fleeing from the beach 60 miles south of london. Global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterl
The white house issued a statement after kim jonguns regime fired a Ballistic Missile beforeew over japan landing in the pacific. The president said north korea has signaled its contempt for members of the United Nations, and is increasing its own isolation. The European Union president slammed the uks brexit papers. He says he has read them all and none are satisfactory. The u. K. Brexit negotiator says the eu must show more imagination. Brexit talks resumed yesterday. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in new york, i am julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. We are 30 minutes from the close of trading here in the u. S. Treasuries and gold remain higher. Joe but the question is, whatd you miss . President trump calls harvey a storm of unimaginable proportions, his response will be regarded as a model. Porsche
Under no circumstances would i resign. Mark after last months shooting in orlando. They notify next of kin. They report released today says the rush to get to the scene, agents didnt bring the proper equipment. 49 people were killed during the june 2016 shooting at was the worst mass shooting in modern u. S. History. Local news 24 hours a day powered by more than 2700 journalists and asked him and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Abigail live from bloomberg headquarters in new york. Joe julia chatterley is on assignment. Higher, butcks are the dollar is slumping after fed chair janet yellen and the euro higher after ecb president mario draghi. Joe the question is, whatd you miss . The storm julie ofld generate billions dollars in economic losses. Sanctions on venezuela with President Trump having to restrict the access to the Financial System but stopped short of imposing a full oil embargo. And if you are in the market to buy a home, rising home val