Noncustodial programs, in collaboration with the police to release bookings. Im looking forward to working with these departments. To this hearing, i want to thank my colleagues for their support on this as well. Secondly, quickly, i am introducing legislation to create a streetlevel Drug Dealing Task force which will be comprised of community members, city departments tasked with evaluating the increase of streetlevel drug dealing, and putting forward new Creative Space solutions. Many of you remember, or you were there, and we had a seven hour hearing where we had most of the departments, who respond to the issues related to drug dealing present. What we heard from them, and what we heard from the many residents that came out and spoke, at that hearing, the city urgently needs ordination. We need a comprehensive strategy. We need to partner in a serious way to put this forward. This Drug Dealing Task force will allow us to bring together experts, residents, Department Officials to be
It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be
The rise in inflation we heard about this morning the Consumer Price index, cpi, up from a month before meaning grosh groceries to gasoline are more expensive, transportation to retail to restaurants, we have the impact in a moment, but, first, lets get to bob pasani and talk about the surge for stocks, bob, what happened what whang changed . Look at the vix, it was down even this morning when the markets were down prior to the open on concerns about the cpi better than expected all the people who panicked had to unwind with the option explorations telling you they are not as worried about volatility in the next 30 days as what the vix measures, a good sign traders believe theres less panic in the market. Number one number two, look at the groups moving yes, inflation is a concern, but rates move up, banks outperformed here today, outperforming again. We see Interest Rate stocks sell off, and that happened in january, going into february as well, so, again today, utilities are down, at
Michael flynn violated federal law by omitting a business trip to the middle east on security clearance forms. They demand he provide a full list of foreign contacts. The accusations are linked to a plan they say was financed jointly by russia and saudi arabia. Michael flynn resigned in february after reports he misled its senior white house officials about contacts with russia. The hits keep on coming. The Cleveland Indians winning streak is at 21. The indians defeated the Detroit Tigers 53 in cleveland and set a new american greek letter American League record for consecutive victories. 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. We are seven minutes from the close of trading. Stocks take a breather. Joe the question is whatd you miss . . Release theix will tax framework the week of september 25. Julie bank jobs might be disappea
The tech rally still has room to run. Thank you. See how that works. Intels chief Financial Officer bob wan is back with us, talk about the chip anchors better than the expected earnings and concerns at rival amd could be taking a bite out of its business. They had to defend themselves on the intel Conference Call. Some of the analysts asking about that tremendous competition from amd these days. Yeah. Well ask him about that so lets begin with amazon still weighing on the tech sector. Bertha coombs has more. Reporter following that earnings misamazon seeing its worst day since early june selling off on pretty strong volume and thats providing the biggest point drag on the nasdaq 100 but amazon is coming off an alltime high just yesterday and shares are still up fractionally for the week and in fact up 6 with one more trading day left here in the month of july. The impact on bigcap tech is somewhat muted the major tech indices are down fractionally and treating volume actually isnt ref