By midweek, the drama in washington spilled over onto wall street. But the major indexes climbed their way back. Today the Dow Jones Industrials advanced to 20,804. Nasdaq was up 28. S p 500 gained 16. For all of the weeks dramatic ups and downs, the dow, nasdaq, and s p 500 were off just fractionally. Dominic chu has more on the week that was on wall street and why it wasnt that bad. Reporter the week didnt start off with any real fireworks. But by the time wednesday morning came around, there was a feel like we actually might see that longawaited pullback for stocks thats been absent for so long. Wall street had been shaking off the headlines from washington for weeks and even months. But the possibility of interference by the white house in an active fbi investigation was enough to rattle things a little bit, enough to push stocks down on wednesday by the most in around eight months, certainly the most in 2017. And it put a real end to that run of calm and steady markets over the la
Gold was making a bid for 1300. Now coming off that potential. Over,continues to roll separate from the macro events we are seeing there. It is down 0. 6 . David dan coats will testify before the Senate Committee on intelligence. At 10 30, we get weekly crude inventory numbers for the u. S. We expect supplies to fall. President trump continues his infrastructure week, traveling to cincinnati, to talk about investments in waterways. Jonathan we begin in spain co popular has been rescued by santander in a takeover. Seeing debt surging. Joining us to discuss more on the acquisition is Bloomberg Intelligence ajit. It will not make sense to people outside the markets. Market, this makes a lot of sense. Walk me through the junior debt and the senior debt. What has happened is overnight the ecb has market, ta lot of sense. Deemed popular is likely to fail. Debt,eans the tier one the tier to get have been two debt have been written down. Two has been converted into shares and transferred to sa
And welcome to power lunch. Im melissa lee. Not Much Movement in the market right now at the headline numbers. Little change d but to the down side right now. Hitting alltime highs, squared, dunkin brands, johnson and johnson. Wendys pulling back from a tenyear high after nelson pelts discloses a 22 stake and the gold miners on pace for their best day as gold nears a seven week high. Im Courtney Reagan. Here is what else is happening this hour. A man was shot by Police Outside the Notre Dame Cathedral in paris after he tried to attack an officer using a hammer. They are treating this as a paris incident and the area has been closed. U. S. Jobs openings rose to a record high but the pace of hiring slipped to oneyear low. Openings climbed to 6 million with more than half in the hotel and restaurant industry. And Chain Store Sales rose year over year as traffic trends improved with memorial day promotions driving demand supporting red book. Courtney, thank you very much. But we begin, whe
Trade to closer look at the Public Private partnerships. And then, the latest polling data exchanges in ohio may need some counties in this table have 00 marketplace options next year. No coverage. The president will meet with victims when he visits the state later today. Terrorism in tehran. As this claiming responsibility this morning preparing attacks in irans capital. Targeting parliament in iran in the shrine to the Ayatollah Khomeini. It looks like on the geopolitical event seems to be impacted investors. The election in the u. K. The European Central Bank Decision tomorrow and the testimony of fbi director jim comey to the committee. Dow industrials down about 11 points. Nasdaq composite up three points. Similar situation. The cac quarante is the best performer up almost one sixth of the percent and the day yesterday. The best performer shanghai f1 and a quarter of the made in that. Gruber takes action after his harassment probe. Fire 20 employees and will make other place betwe
Avoid a fourday losing streak higher by more than half a percent. Energy losing. Chesapeake, range resources leading the declines and big between 4 and 6 because crude oil is sinking right now prices lower for the first time in nine sessions by a big decline look at wti. Off by more than a buck of 4 to 45. 40 tyler . Thank you welcome, everybody heres what else is happening right now. Big deal in the payment business vantik making a 10 billion offer for the uks world pay group. Jpmorgan at an early stage of considering an offer for world pay but now doesnt plan to make a move and move over intel. Samsung now on track to become the largest chipmaker by revenue. Walmart getting the green light for acquisition of the mens retailer bonabos. Beginning with developing news of north koreas new Nuclear Threat kayla in washington with the latest this hour on that Missile Launch on the fourth of july kayla . Reporter tyler, theres new developments of the u. S. Knows about the launch captain jeff