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Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activ ....
The 14 ton bell in the tower of the houses of Parliament Must stop ringing to ensure the safety of workers. Minutes. Himes every 15 it has wrung out largely uninterrupted for 157 years. News 24 hours a day powered by more than 2700 and. Nalyst in over 120 countries im mark crumpton, this is bloomberg. Live from bloomberg headquarters in new york, im julie hyman. Scarlet im scarlet fu. Joe im joe weisenthal. Any minutes from close of trading in the u. S. Julie shrugging off last weeks volatility. Joe the question is, whatd you miss . China hits a bit of a speed bump. Plus, Business Executives from tim cook to others react to the violence in charlottesville, virginia. Thisatest from the fallout weekend. Investors position themselves for the unthinkable. A default by the u. S. Government. President trumps unpredictability has the market preparing in case there is a debt li ....
Hearing on the potential congressional role in the Iran Nuclear Deal. First, lets get you to the top stories we are following. A good day for jpmorgan shareholders. Profit climbed 12 in the first quarter, beating analyst estimates. An increase in trading revenue the First Time Since 2010. Higher volatility helped drive the quarter. Investment banking fees also saw a doubledigit increase. Good news for wells fargo. It beat analyst estimates thanks to lower interest rates. That encouraged more barbers to buy homes or refinance debt. Wells fargo was the nations largest home lender and most valuable u. S. Tank. The imf says the stronger dollars helping japan and the euro area but taking some steam out of the u. S. Recovery. The imf kept its prediction for Global Growth unchanged at 3. 5 . The imf is depicting a role econ ....
Here are the top stories we are watching. The white house signaled president obama will sign a propose iran compromise. This would give congress a say on emerging deal to curb tehrans nuclear program. Energy future and in its creditor groups expressed optimism over an 11 billion proposal to reorganize the company. It would allow them to exit bankruptcy by years end. The final agreement maybe two months off. Tencents market value plunging after the chairman cut his own stake in the company. The stock seeing its biggest decline in almost a year. We have less than an hour to the close of trading. Lets go to scarlet fu. Scarlet i want to start with news from the European Central bank. Thatit is raising its greek ceiling to 74 billion euros. Perhaps greases government is preparing behind the scenes for an eventual default or exit from the euro. That was denied later on by the Prime ....