Stocks are going to end. Ceo jimin charge, moran, joins us later in the program. First, markets. David in the markets this morning jonathan in the markets this morning, s p 500 futures down. Over in europe, a day of gains. The ftse up 510 and the dax up 1 10 of 1 . We will get through the other Asset Classes for you. Cable, big story. The pound at 144 as i speak and the euro at 1422. 47. 75. Ti up about 1 10 of 1 . Around the world and check in with our Bloomberg Team for indepth coverage of our top four stories. Mike mckee on a barrage of u. S. Economic data this morning. Guy johnson has details. Will kennedy is in london for the latest on the oil rally and home depot beats the street. We will break it down with matt townsend. In new york. Plenty of Economic Data including Consumer Prices, and housing starts. Michael mckee has great sense with his presence. This is all about inflation. How decisive will todays cpi really be . , for twot be decisive reasons. The feds target is based on
Equity board. S p 500 futures negative not even a 10th of 1 . Minors leading the losses. Switch of the board. All eyes on crude. Inching to the 50 mark. Wti 48. This is what i am looking at in the fx market. A dollar on the front foot. Switch the board and get to this. 14483. One pound, camp. The remaining 37 in the leave. The referendum is ahead on june 23. That is when we are now where you get one pool and you get the spike. Lisa it wasnt one single pole, there was building up to this. Jonathan a bit of momentum may be. David now lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories. Mike is an anchor of bloomberg surveillance radio. Cooks first trip to india. Matts house and joins us. Lets begin now with mike. This is the feds april meeting that and minutes of the fans april meeting are out today. , what are we looking at . Michael they have been trying to talk the markets of present time and we are finally getting some reaction. Inves
Perception that the fed is going to be more aggressive and stocks are going up. It is also a strange world because that perception has not change between yesterday and today. Stocks moved kind of sideways yesterday and they are rallying strongly today. Major can see, all three averages are pretty much at their highs of the day. The nasdaq has been leading the way because of strength and Technology Shares today. It is a cyclically led rally today. Though sectors most formidable to an economic recovery, so another words, if the us economy is recovering enough so the fed can raise rates, that is the perception driving stocks higher today. Making new highs gradually, just a gradual trend upward as it is up by 1. 3 . Software stocks have been doing well with and technology. Microsoft leading the way after upgrading shares to outperform at callan. Traders overreacted to the companys last trading report, but things are not going poorly at microsoft. Adobe in Electronic Arts are also on the ri
Close of trading. Julie hyman, how are Stocks Holding up . Julie relatively well. Janet yellen is not derailing the rally, small though it was. We have pretty much made a round trip to where we were before she made her comments about Interest Rates potentially going up at some point this year. There had been some expectation going into her comments that she might be more dovish. Basically, with that more dovish commentary, that created a market reaction. If you look at volume on the bloomberg, it is definitely down. Down, in fact, more than 25 . You see various groups on the s p 500 and the drop in volume. From harvard interviewing janet yellen made a good economy joke, saying there were investors delaying their private jets to the hamptons because they wanted to hear what she had to say. The stocks contributing to most of the gains today, google on the rise after a victory over oracle in court yesterday and a dispute over the origins of android. Verizon gaining after news that it came
Julie has been keeping an eye on all the movers. Julie right now, we are seeing it come up a little bit. The dow was only off by 16 points but nonetheless we see it hold onto gains earlier. Were not on track for another record fall with declines across the board. What is going on . The groups on the move, much more red on the imap. Financials of the worst performing Group Contributed to the declines. Tech one of the biggest laggards right now. Citigroup, turned the lower after initially opening higher. Revenue matching estimates. Weaker than expected results in consumer banking. Wells fargo matching estimates but reported some weakness in mortgage banking, a large part of the overall business. That is contributing to the declines overall putting pressure on the financials. We are also watching the travel stocks. No suffering from a downgrade. Delta air suffering from a downgrade. It is weighing stocks overall. Shery ahn how did the retail sales data affect the dollar . Julie we had Con