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Transcripts For BLOOMBERG Bloomberg Surveillance 20160602



how on earth can anyone get a hotel room right now? tom: they can t. some substance may come out of it. i m watching more e.c.b. than opec. i think it could be interesting. caroline through surveillance for the five hours this morning. but right now to bloomberg news. the opec ministers are in a meeting this hour with production policy atop the agenda. delegates familiar with the situation think saudi arabia is ready for a deal with opec members in an attempt to mend divisions. no formal offer has been made. the e.c.b. is in vienna for the rate decision. economists see no change on the horizon. the president will brief reporters after they set policy. the projections are set to reinforce the monetary easing that the e.c.b. is struggling to meet inflation goals. angela merkel is headed for another conflict with the turkish president. the parliament is voting on condemning the ottoman empire killings and deportation of armenians as genocide. france, russia and other ....

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Transcripts For BLOOMBERG Bloomberg Markets 20160602



that is the longest losing and gas. oil down by 8/10 of 1% after opec did not to reinstate production quotas. unchanged, he tweaked some of the forecast. hasbalance of risks improved. let s get to some of the big stock movers today. sharestrian steelmaker, rising as much as 7.8%, the most since february. it announced plans to invest. annual earnings approximately in line with the previous year. shares have rebounded at 39%. steel prices recovering. money supermarket.com shares have been hammered today, down by 6%. it is the u.k. price comparison website. that is after jefferies caught the stocks. recent data, some meaningful in the u.k. competitive landscape, but the company is no longer leading the pack. , showingn old favorite how the euro has fared since mario draghi first implanted or announced qe last year. qe began in march last year. 108.uro fell to the euro was at 106. at euro was at 110 and today 111. below wheree we were last year. it is targeting the credit ....

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Transcripts For BLOOMBERG Bloomberg Markets 20160602



julie: you see all three major tool, the quote, and play to influence oil prices. using it for 35 averages are little changed after falling as much as half a percent. years. so that is one strike against them. they will say that they are if you look at the s&p 500, it unified in the believe that the is just shy of 2100. that has been a tough level for market is ok taking care of itself with oil prices racing. the s&p. oil prices rising. 2100 is sort of the upward bound have been bickering about of what we have seen from the who will be the index. secretary-general for the past it has had trouble staying above that level for any extended four years. the current secretary-general, his term is mandated expired period of time. many, many years ago and he wants to retire. they finally chose a new secretary-general. health care shares are on the rise. so some say at least they can you is still energy in the decide something. losing spot here. so they can kick the can down ....

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Transcripts For BLOOMBERG Bloomberg Markets 20160602



julie hyman has the latest. fairly positive. julie: the trajectory has declined throughout the day the nasdaq is the big winner today. now that the ecb and opec are behind us come investors are looking ahead to tomorrow morning s jobs report. adp s jobsimmer from report. fallingobless claims for the fourth straight week. volume is relatively light. overall for the s&p, 10% below the 20 day average as investors wait for that data tomorrow. a drop in volume in consumer staples. an increase in tech share volume as well as health care, one of the big winning sectors in today s session. peeking above the zero line we are seeing at this point lingering earnings and still a part of the story here as we have some winners dimensions they. with sales on service contracts. also cost cuts. mcdonald s also with a positive earnings report. mixedike we are seeing a trade in stocks come if you look at the so-called safety trade, it is not really unanimous. we are seeing some buying ....

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Transcripts For BLOOMBERG Whatd You Miss 20160602



moving up. we are all waiting for the jobs report tomorrow. joe: you have to talk about the resiliency of this market. we were down earlier in the day, and another come back to close over 2100. that is an important level. one thing that did help a little bit was a bounce back and oil after the inventory report. energy down the most on the day, more earlier, then a pullback into strength. for a long time we talked about oil and stocks correlation. that is not where it was three months ago. is going one way, stocks are going one way, the correlation down -.9, so today positive despite oil. , a bigresting stock move move down intraday, a report came out from andrew left of citroen research. chemours. there is some doubt and short interest might be building. joe: a remarkable turnaround there. let s look at the greek two-year yield. here is a three-day chart. that was thisop, morning when we got the ecb decision. they did not grant the waiver for banks to get greater acce ....

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