. >> i'm joe weisenthal. >> families of abramowitz and for scarlet fu. -- i am lisa abramowicz in forcarlet fu. >> u.s. stocks rising near records with bankshares rallying. joe: but the question is, "what'd you miss?" >> breaking of the big banks, that is what the president told bloomberg. why he is weighing a revival. plus, hurdles remain. white house and republican leaders are still trying to build momentum for a health care vote this week, but skepticism remains a stumbling lock. coming up this hour, wide-ranging interviews from a number of newsmakers, including teri duffy of cme group. first, let's take a look at where the major averages and as we head towards the close straight bloomberg's abigail doolittle is standing by. abigail: we are looking at bullish action for the major averages heading into the lows. dow, s&p 500, and nasdaq trading higher. what stands out is the divergence between the dow and nasdaq. you can see the dow is barely higher, being dragged down by the industrial sector, while the on pacep 8/10 of 1%, for its best day in a week. on paper, you have another rec

i'm joe weisenthal.> stocks to all-time highs. >> the question is, what did you miss? calledcratic lawmakers trump's spending budget. away, thosemonth negotiations. strong as markets hoped. it is time to be skeptical with third rate increases here. let's look at where the major averages stand as we head toward the close. abigail doolittle is standing by. lot happened. small games for the dow, s&p 500, and the nasdaq. if the down the s&p 500 can hang onto the gains, it will be the fourth day in a row, the first time that happened since february. not a lot happening. let's look at the big movers. a stock just took a leg lower right around 3:00 at a report. it is set to be interested in offering to buy the company. not in, so wes have the shares down. .p multiple days in a row they said they were kind of perplexed about this speculation in the shares giving some back right now. heading in the other direction on potential deals, we have trading up by 15%. said to make a takeover offer. and the head of glenco

kicking things off is joe weisenthal. joe: i want to talk about brazil.olitics. while investors are obviously what the scandal means, let's look at the fundamentals of the economy for a moment. two simple ways to do that, inflation and unemployment. blue line is cpi. that is a good story. that has come down nicely since the beginning of 2016 to 4%. the white line is unemployment. not nearly as good. that keeps chugging to new highs, now over 13%, at its highest level in 10 years. the key point is there is a lot of debate now about the political situation and what that means for all kinds of stuff now. there is a disturbing economic situation. unemployment continues to rise. as long as the country cannot get that turned around, that should remain a big source of concern. you can see that chart on the bloomberg. vonnie: i'm thrilled you brought our attention again to brazil. we did speak about it earlier. a lot of latin american countries deserve to be talked about now. what have you got for us? mark: i have a look at share buybacks here and where you are.

joe: i am joe weisenthal.are joining us live on twitter, we want to welcome you to our closing bell coverage from 4:00 to 5:00 eastern. scarlet: we begin with market minutes. an afternoon rally pushed the nasdaq and s&p 500 to record highs. at nasdaq to 6100, the s&p 2400. joe: almost round numbers across all three indices. it comes on the heels of a better-than-expected jobs report. unemployment unexpectedly held. we will dig into that later on. in terms of the breakdown of how different sectors performed, come inside the bloomberg to look inside the -- inside. health care and financials were lower, fairly lower. financials down 1/10 of 1%. there is plenty of green here as well. energy, the best performers up 1.6% as gas prices rebounded from yesterday. telecom companies up better than 1%. in terms of the actual daily movers, julia pointed out we have shorted energy stocks leading the advances such as chesapeake. those stocks getting a big lift on the back of oil prices. priceline and expedia, both lower marg

joe: i am joe weisenthal.e live on twitter, we welcome you to our closing bell coverage from 4:00 to 5:00 eastern. scarlet: we begin with market minutes. nasdaq retreating from a record high. apple the big drag on the index when it came out with results that disappointed investors. on the finishing changed day, a creep back into the green after the federal reserve's decision to not raise interest rates and keep options open for a june rate hike. the fed delivering on expectations by doing nothing. you can see the very modest reaction. scarlet: that is a good way of describing it. we're seeing it across equities. 500,you look at the s&p this breaks it down into 11 sectors. we are not seeing sizable moves to the upside. financials up 6/10 of 1%. real estate down 1.3%. materials off by 1%. commodities are hard-hit. we will go into that later on. i terms of individual movers, am paying attention to time warner and comcast. worst daysast's since october following their quarterly results. time warner's cable divisio

this is bloomberg. ♪ joe: i am joe weisenthal. "what'd you miss?" ral bank chose to make the announcement of this new c.o.d.-branded banknotes by putting out a new music video. ♪ joe: that is really catchy. i have had that melody in my head all day. you have some of the translation? scarlet: they did a translation. the c.o.d. is your friend and it is worth 200 kroner. we will printed nonstop, hippity-hip. joe: why can't the fed do this? it would be so awesome. i could not get it out of my head all day. go online, check it out. onnext, shedding light stocking currency trends. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't ju

joe: i am joe weisenthal. the question is "what did you miss?"ompanies hit by global cyber attacks. is this an opportunity to buy's security stocks. new french president and angela merkel are pledging to work together in the face of a troubled eurozone. onomberg is drilling down what tax reform will look like and how it will impact business. clerics now let's look for the major averages. ins, the dow and nasdaq higher. .his means more records the s&p 500 is narrowly close to a new record close. the nasdaq seems to have it. they can maintain that potential new record close. gains, explaining some energy, the best sector for the s&p 500, up 2%. oil is up four days in a row. saudi arabia and russia favor extending oil cuts into the first quarter of next year. everybody is looking to see how it will come out at the opec meeting, but this could be an early tell of timing that could go right into next year. , andof the big oil names all of this matters for the trump trade. #80 33, and orange, the s&p 500 up of 11%. technology in blue. the financial sec

joe: i'm joe weisenthal. we have 30 minutes from the close of trading in the u.s. lia: stocks rising for a 30 day compression 201-month high. joe: the question is, what you miss? scarlet: president donald trump meets with israeli prime minister benjamin netanyahu pursuing an agreement after a weekend of billion-dollar deals in riyadh. while president trump travels abroad, here at home, the white house preparing a formal budget request tomorrow. we analyzed spending cuts. and ford chairman bill ford replaces mark fields with jim hackett. we discussed were the automaker goes from here. joe: let's look at where the major averages stand as we head towards the close. abigail doolittle is standing by. looking at solid gains for the major averages heading to the close. the outcome s&p 500, and nasdaq all nicely higher. look at the nasdaq, really being helped by strength in cap. -- techy. all three indices are higher for the third day in a row. we are in a bit of a bullish stretch. the responders on business deals announced in saudi arabia around president trump's trickett.

joe: i'm joe weisenthal. we are 30 minutes from the close of trading in the u.s. cks trading near record highs and the vix heading for the lowest close in a decade. joe: but the question is, what'd you miss? scarlet: landslide victory for new french president emmanuel macron, but can he get a parliamentary majority in june? cap president trump get anything done with the pipeline of legislation on the calendar? and frustrating trades -- david einhorn ratcheting up the rhetoric on 2 auto names. we will explain why. let's look at where the major averages stand as we head towards the close. abigail doolittle is standing by. abigail: not a lot happening for the major averages heading into the close. doubt, s&p 500, and the nasdaq .1%,own less than fluctuating between small gains and losses through the day. as you and scarlet and juliet were mentioning, look at the 9.7, on pace for its lowest close since december 1993. the fear gauge is suggesting there is not a lot of fear after the s&p 500 and nasdaq last friday closed new record closes. where we are seeing more volati

joe: i am joe weisenthal. you to our closing bell coverage every weekday. ♪ scarlet: we begin with the market minutes. the nasdaq closing at a record high, gaining 3/10 of a percent. 500 could not hold on. industrials dragging down by 37 points. no round numbers today. joe: i hate it. scarlet: industry groups, for out of the 11 sectors are higher. discretionary stocks, homebuilders, auto companies, travel and leisure, they are higher. utility and energy are the lacquers -- laggers. and looking at apple, a record high again. we pointed it out earlier how they have a huge cash board and if they wanted to make an acquisition the world is its oyster. united airlines, part of the discretionary grouping if you want to look out -- at how people spend their money, higher by 4.8%. receiving support from a shareholder. this is afterd -- brad gerstner said it would be going higher. marriott trading at a record high. first-quarter results coming out, fairly decent and encouraging, the dollar was strong and demand overseas

joe: i am joe weisenthal.are tuning in on twitter, welcome to our closable coverage. -- closing bell coverage. scarlet: we begin with market minutes. the house passed the health care bill on the third time and it was a done deal by the time the market closed. the markets kind of limped to the close, not much action if you look at the numbers. joe: so much attention to politics and a little evidence it has had an effect on the market. scarlet: and the dow down by nine points, the s&p 500 up, and the nasdaq holding your a record high. if you look at the groups they show were the action was. you mentioned oil prices plunging. out of the 11 industry groups, only three of them were lower. the big movers, energy and telecoms moving by a big margin, energy stocks down 2% as a group is the oil prices went below $46 a barrel. consumer staples on the upside, and health care coming up by 6/10 of a percent. we will take a look at individual companies united health the biggest percentage gainer, humana trading at a record

joe weisenthal. >> i'm looking at your side of the atlantic, particularly how the market is assessingng election. this white line here is risk reversals on pound-dollar. the relative premium people are paying for downside protection compared to upset protection. -- upside protection. may to cruiseted to an expanded majority in the election. once again, we are seeing the risk reversals pick up to the downside. the blue line is a measure of what the latest polling shows haul.bor's expected with the momentum for labor going into that election, we are starting to see those risk starting on sterling to show those jitters ahead of the election. mark: you know i love a topical chart. that is very topical. vonnie: i pointed to the number -- you have to give me that. it might be beneficial to have a look at a couple of different inflation metrics for the united states. we've been talking so much about inflation and what caused the fed to move. i wanted to point out the difference between cpi and the pce. they are based on baskets of goods -- the fed has always like to look at core cpi, what pe

joe: i am joe weisenthal. >> u.s. stocks trading slightly lower. e: the question is, what did you miss? scarlet: americans are been any spartan stores. -- department stores. results at the close. could the lending crisis spread to canada? the home capital group is reporting earnings after the bell. they have plunged after it was accused of misleading investors. get ready for more oil in the u.s. -- upping by four times. and a strategy to temper prices, has it backfired? let's look at where the major averages stand as we head toward the close. abigail doolittle is scanning by. abigail: thanks. we are looking at relatively small declines of the dow, s&p are looking at very sharp losses for all three averages. the dow at one point had been down about 140 points at session lows. the nasdaq down nearly 9/10 of 1%. paper, third day in a row, the first time it happened in a month. the first time that could happen, we will see tomorrow in four weeks. helps to explain some of the bearish action we are seeing in technology,, -- down more the company gave a di

joe: i am joe weisenthal. we are 30 minutes from the close of trading. lia: oil easing from all-time highs. joe: what did you miss? scarlet: working to contain a report that donald trump shared intelligence with russian officials. in washington, meeting with the .urkish president can they see eye to eye on strategy in the middle east? retail, home with depot doing well. we look at numbers in the numbers don't lie. let's look at were the major averages stand at the close. abigail doolittle is standing by. >> as has been the case in recent trading sessions, we don't have a lot happening into the close. the dow and the s&p 500 are down. .- down the nasdaq was higher for another record close. this may stand out considering the increasingly legal nature in d.c.. investors do not seem to care. and this man thinks it is because investors are focused on the earnings season, just that much stronger, and confidence. will be interesting to see if it shifts. one sector on move, the health-care stocks. at the lows,group down 2.5%. this as the department of justice wil

joe: and i'm joe weisenthal. we are 30 minutes from the close of trading in the u.s. julia: u.s. ocks near all-time highs. joe: the question is, what'd you miss? scarlet: an abrupt termination --president trump fires fbi director james comey in a move that raises questions about interference by sitting presidents into political investigations. markets barely budge on the political events. we will hear from sam zell about why wall street just doesn't care. snap reports strong sales on its mobile app platform. can it maintain its young user engagement to compete with facebook? joe: now let's look at where the major averages stand as we head to the close. abigail doolittle is standing by. abigail: once again we are looking at a quiet action for the major averages heading into the close. dow down .25%. the s&p 500 and nasdaq up slightly. than two00 is less points away from a new record close. the nasdaq is already there. -- in fact for the s&p 500, if it closes at its current territory, it will be the 10th out of 11 trading sessions less than .2% up or down. .oeing down 2.625% it to c

. >> joe: i'm joe weisenthal.are live on twitter, we want to welcome you to our closing bell coverage. every weekday, 4:00-5:00 eastern. >> take a look at her stocks are settling as we close out the session. we have not seen that much movement today. we have seen bouncing around between gains and losses. mastech well almost -- nasdaq might get that record close. gains only four points into the close -- on the strengths us of some of these technology shares. it has been a day of earnings moves, not much move on the movemente, definitely on individual stocks. coach, the best performer in the s&p 500 index today, huge gain their. 11%. coach has been discounting quite a bit. apparently cut back on that discounting a little but this court. profit estimates -- -- profit beats estimates. one company reported a its first decline in market -- advanced micro devices, tumbling by 24%. -- down 9% on the year. strengthen technology today, let's take a look. ofle shares up -- up 6/10 1%. facebook and alphabet up as well, all th

joe: i am joe weisenthal.f you are tuning in live on twitter, we want to welcome you to our closing bell coverage. scarlet: we begin with our "market minute." we talk about how this is a risk-off moment. when you look at the actual numbers, they are not large by most measures. off by 1.8%. the hundred 70-point drop. -- 370-point trumpet nasdaq is off by more but you expected to be in this environment. julia: i used a keyword, "turmoil." relative. joe: by 2017. scarlet: well said, well said. this is a pretty broad-based retreat. as a globalt it selloff, and here is where we look at the all-country world index. this is a way of looking at the decline in global stocks. this first red arrow points to the open of european trading could it is kind of middling along. asian stocks up on the day. european stocks dropped on the open. this leg lower is when european stocks opened. afterglow. attended a bit of a comeback, but right now closing at session lows. in terms of individual names, a lot of concerns about whether

joe: and i am joe weisenthal. we are 30 minutes away from the close of trading in the u.s.. julia: investors returned from a three-day weekend. the s&p 500 snapping a seven-day winning streak. joe: the question is, "what'd you miss?" scarlet: energy shares leading the selloff -- not really selloff --retreat. how about that? tech shares leading them the upside with amazon hitting $1000. cash president -- president trump ratcheting up a dispute with angela merkel that threatens to undermine relations. elections with a u.k., italy, and germany will. -- presidentazil michel temer says they will get to 2018 with a house in order. speaking at an event, he also said the government cannot and should not abandon its agenda and there is no plan b for fiscal reform. we will speak with alberto ramos of goldman sachs. now let's take a look at where the major averages and as we head toward the close. bloomberg's abigail doolittle is standing by. abigail doolittle: it is shaping up to be a relatively quiet trading day for the major averages -- the dow, s&p 500, and the nasdaq down so slight