i'm john hyland with "first word " news. the senate is racing to pass the debt limit deal passed by the house in kevin mccarthy. the legislation would impose restraints on government spending through the 2024 election and avert a destabilizing default. chuck schumer says lawmakers will stay there until the debt limit bill is passed. wildfires in canada have burned an enormous swath of land and never forced thousands from their homes--and have forced thousands from their homes. more than 6.7 million acres have been scorched, the equivalent of 5 million football fields, more than 10 times the average area typically burned this time of year. british prime minister rishi sunak says his government is considering its next steps ahead of a deadline imposed by the u.k.'s covid-19 inquiry. administration has refused to hand over former prime minister boris johnson's diaries from the pandemic. they argue those are irrelevant to the investigation, leading to accusations he is tried to cover up information. the defense department will b

john hyland: i'm john hyland with the first word news. richard blumenthal opened a surprise investigation on the pga and liv golf. blumenthal, chair of the senate permanent subcommittee on mergers is looking at how the newly performed -- formed entity will be run. pete buttigieg says the philadelphia i-95 collapse will cause substantial disruption in the region and is a cruel reminder of infrastructure need as a tanker truck caught fire under the overpass in this section of the highway carries 160,000 vehicles a day. in italy, the former prime minister, silvio berlusconi, has died. he ended up being their lobbyists serving postwar prime minister but his tenure marked 56 handles and allegations of corruption but he was one of the most influential figures in italian politics in the last several decades. he was 86. bloomberg news powered by 27 hundred journalists and analysts in 120 countries. i'm john highland, this is bloomberg. katie: let's get it quick check on what's going on in the markets right now. gains on the s&p 500 are at 4/10 of

i am john holland and this is bloomberg -- john hyland and this is bloomberg. ♪ >> let's get a quicke markets right now. we are looking at gains on the s&p 500, up 1/10 of 1% so coming in quite a bit. 4287 is a level on the s&p. there is selling going on in treasuries but not by much. the dollar -- bloomberg dollar index of 1241 and oil, we see crude coming up $.84. that is pretty amazing considering we had up cut of one million barrels a day from saudi arabia. >> a reporter has been speaking to a lot of traders and we will wait to see how that plays out because oil is off his best lows of the day and with the energy complex, -- you have in my chevron that is negative. we are watching a company getting a bio bid from unitedhealth and in technology, a lot of focus on palo alto networks, they join the s&p 500 so that name getting a lift and we have been watching the reaction at the apple event. we are seeing intel shares down 3.5% and apple holding gains on the day and they are up $184. mark: we watch -- matt: we will watch the apple story and apple ceo tim started the worldwide develo

i'm john hyland. this is bloomberg. ♪ >> welcome to bloomberg markets.att: let's get a check on what's going on in the markets. we are looking at gains on the dow jones industrial average, s&p 500 and the nasdaq. s&p up .4%. basically rising to the high levels of the session. the 10-year yield down by about 6.5 basis point. the u.s. dollar index is down. that's a tailwind to risk assets. oil is to $71.15 a barrel. jon: let's start with technology which took a breather yesterday. the bank of canada raised interest rates. with that mean the fed would not move ahead with a posner's week? investors shied away from the big tech names. they are gobbling them up again. you have names like tesla, which is on a 10-day winning streak. nvidia up about 2.5%. not everything going up. we are watching what's happening with energy stocks today. you were highlighting the price of oil. some of those reports about conversations between the u.s. and iran. a situation with more supply coming to market where the bigger concern has been demand. would it be a surprise to see en