the 1970's, turn that up a notch. g, a magazine focused on the south and southern living for the middle class and upper middle class, becomes a phenomenon, all about interior decoration, the good life, and it is southern. on television in 1972, "the waltons," a show about a depression-era family in the mountains of virginia struggling to hang on to one another, the community, to get through the hard times. one of the most popular shows on tv nationally. by 1979, "the dukes of hazzard." i'm going to try this again. i don't really have time, so skip that. you have two visions here are -- here of the south being expressed. one, the notion of rustic simplicity. another, that of the good old boy. there was no character more associated with that than the president's brother, jimmy carter's brother, billy carter, right? rural, but having this and eight fronts innate wisdom, porch wisdom, of the rural world. in terms of country music, the nashville sound in the 1960's had been an effort to take country music to a broader audie

going back to the 1950's. an epitaph for dixie asks a similar question with the emergence of the civil rights movement. given what we have talked about, with the end of world war ii and the postwar economic development of the south meeting into civil rights, it seems a reasonable question. will the south continue to exist? will it persist? again, he goes a little further. asking that question of is it possible that the south, even as it becomes more like america, is actually influencing the rest of the united states in negative ways. the problems that have for so long been up -- associated with the south are now expanding out to the rest of the united states. i want to start in exploring the question with the election of 1968. -- we did nots cover this as fully as i would've hoped to. 1968 was as that was a pivotal election. -- was a pivotal election. offense, number of including the assassination of martin luther king jr., bobby kennedy, a president who said he would not be running for a second term all early

today at the u-s naval academy. one person is dead after a fiery crash on an east bay freeway. it happened early this morning on eastbound 80 at the pomona street off-ramp. that )s in crockett - right near the carquinez bridge. the c-h-p says a big rig hit the center divide and caught on fire. a good samaritan pulled the driver out just as the flames began to spread. the c-h-p shut down several lanes to clean up debris. while traffic backed up - the c-h-p shut down several lanes to clean up debris. the c-h-p shut down several lanes to clean up debris. while traffic backed up - another driver slammed into the back of a different big rig. a life-flight helicopter rushed him to the hospital - but he died. all lanes re-opened just after 10 this morning. and another crash involving a big rig. this one.... in oakland. it happened just before 3:30 this morning on 8-80 at the hegengerger off-ramp in oakland. a truck carrying fruits and vegetables caught fire. the c-h-p shut down several lanes while firefighters worked to put

to the late 1960's. there was a sense that workers within labor unions had never had it so good. economically, there is the sense of stability and so on that was belied very quickly by the recession that soon followed. but there's the sense that there was a real divide there. but in fact, especially younger workers and especially non-ethnic german workers played a part in interacting with other demographicsther protestors in ways that are not always very visible. if you look at the union levels, unions were not helpful in supporting this protests, although sometimes, they can through. raul: in the case with mexico, it is important, the railroad movement of the 1950's, where they gained a lot of legitimation with their movement and they become an important part of the student movement of the 1960's by the end, by having these important role figures accompanying the students during the protests. i would say another important role played by other different groups were connected with the professors of the stu

the big divide in the republican party from the 1930's to the 1940's was over trade policy. is only think of america first in the 1940's and 1950's, we should think about the divide over nato. should the united states support the general agreement on trade in tariffs? should the u.s. agreed to be the supporter of international investments? but tariffs, protectionism, was at the core of these policies. when we see trump talk 70 years later about these same issues, he is not denying the roots of the party ironically, but returning to them in some fundamental ways. i think that is something we had not reckoned with much in this time. in the 1940's, taft and eisenhower start over this issue. in 1951, taft hopes he will become the republican nominee for the presidency in 1952. he gives a speech in the senate where he lays out his economic vision for the united states. he says explicitly the united states should maintain a high tariff economy. argues vociferous against the united states getting favorable terms to capital investments outside united states. he is trying to figure out

her research focuses on north philadelphia residents in the 1960's to the 1980's. is an associate professor of history at rutgers university camden and is an expert in african-american history and the civil rights movement. finally is a professor of history at rutgers university in new brunswick and director of the center for european studies. mostly to speak about activism in germany in the 1960's. manager here.d wanted to god, i back to a question that came up , that is the tendency certainly among americans to think about the early 1960's and late 1960's as very different. i think one of the benefits of this panel is that we can get an international perspective on the question, although i am eager to have our americanist speak as well. the question is how different as, whyere these er do we think of them as some different come and how accurate is that perception? i can start with a little u.s. context. i would argue there is more continuity than change between eras, at least in the sense there is no sharp break in terms of protest tactics or issues. we tend to lo

and mayor into the 1970's. and i use their affiliation with him to trace how they dealt with the major changes in the country in the 1960's and 1970's. everything from the civil rights movement to the broader politics of the so-called urban crisis. >> you touched on this but who was frank rizzo? what's his rise to politics? why did he become mayor of philadelphia? and what is his lasting legacy? timothy: so frank rizzo was an immigrant's son, born in a south philadelphia row house. and he came up through the streets and he dropped out of high school and he followed his father's footsteps into the philadelphia police department and he earned a reputation as one of the toughest cops on the force fairly early on. he earned the nickname, cisco kid, after a television cowboy. and he just, partly through connections and partly through his own dedication to police work, he rose through the ranks fairly rapidly until 1967 when he became -- was appointed police commissioner and as police commissioner he quickly -- even w

here's a picture from the s&p 500 euro and vix. t session with the s&p down one and a half percent. the 10 year yield, 16 basis points. from new york, this is bloomberg. ♪ ♪ this is bloomberg markets, i'm julia chatterley. >> and i am julie hyman. if we take a look at what is that going on with the dow, we are seeing the selloff continuing care. the dow is down 1.9% at the moment. hovering around the lows of the session. let's get to the bloomberg business flash, look at some of the biggest business stories. acebook is facing class-action lawsuit for discriminating against older jobseekers. ds to youngerore a workers. companies such as amazon, talks media, and t-mobile were among them. billionaire investor george soros is warning of another global financial crisis with europe facing an existential threat. --xit discord, it italy's italy's turmoil is putting pressure on europe's solidarity. >> it is the harsh reality. europe needs to do something drastic to escape it. it needs to reinvent itself. was speaking that the european counci

in the early 60's with the beach boys or the late 60's with woodstock, and the other question is the evolutionary nature of rock music. building on african-american spirituals, blues music, jazz, even country. without hank williams, the risen no beatles and stones and hendrix. process fed into creating that music and then that music goes into creating the music we have today, which would be a good chance to bring george back in. either of those two things you want to take a crack at. as far as teenagers and the emergence of a defined category of young people and a generation gap, one way i think is, what was understood as a generation gap emerged in the postwar. -- emerged in the postwar period partly because of marketing. that was dependent in some sense on a rising middle class and disposable income on the part of teens. what is interesting is the way in which a generation gap that was not from the parents point of view but in terms of the status quo, relatively benign and neutral as a marketing ,ategory or part of a lifestyle part oflves and becomes the credibility gap in the latt

steve: let's go back to the 1970's. you mentioned richard nixon, famous for the silent majority, code word for white working class. archie bunker, "all in the family," very popular. how was all this playing out in terms of this key voting block? dr. lombardo: i say archie bunker would have felt right at home in frank rizzo's philadelphia. nixon saw rizzo as part of his urban strategy. nixon was a strategist. always looking -- white voters' allegiance was really up for grabs after the 1960's. he saw rizzo as a way of getting this constituency that had for decades voted democratic, and he saw frank rizzo as key to it. rizzo and nixon were allies. rizzo made a spectacle of himself in a lot of ways campaigning for rizzo. he famously held a press conference with a rubber chicken with a mcgovern sticker on it. to mock him. as much as nixon had his so-called southern strategy, he also had his urban strategy to do this with these blue-collar whites that really has not been looked at as much. steve: was he a racist? dr. lombardo:

i had to talk to her. >> she had the same chart and she thought the s&p 500 was going higher so are we at a point here where simply your interpretation your hunch >> it's the same way you can have a securities analyst, highly trained, qualified, certified, has a buy in the stock and this equally qualified individual has the same information and same spreadsheets and same models and access to management and in fact the best things in life are subjective so either the judgment -- >> stop right there. >> that is very true. >> deep thoughts. >> can't talk the rest of the show until i say your name, melissa lee. there you go. >> that would be unfortunate good to see you. how about the levels you're watching this week we didn't have explosive volume which makes me question the move. >> coming up, bitcoin nearing $10,000 and it has the crypto universe in a frenzy ryan kelly was at a fed gathering where interesting things were said about bitcoin plus it is the attack of the shack. shake shack up 20% having it's second best day ever we'll tell you how long this burger blowout could last. and la

in the country in the 1960's and 1970's. everything from the civil rights movement to the broader politics of the so-called urban crisis. >> you just touch on this, but who was frank rizzo? become mayor of philadelphia, and what was his lasting legacy? dr. lombardo: frank rizzo was an immigrant's son. he came up through the streets, and he dropped out of high school, and he followed his followers' footsteps into the philadelphia police department. he earned a reputation as one of the toughest cops on the force apparently early on. he earned the nickname cisco kid , and a television cowboys partly through his own connections and partly through dedication to police work, he rose through the ranks fairly when he wasl 1967, appointed police commissioner. deputyen he was commissioner, he was turning into a very controversial figure. in the era of, you know, civil rights and urban disorder, philadelphia had its own urban riot in 1964. he came up kind of in relation to all that, promising law and order. known for his way of treating

mark in the s&p cash. i think people that are still bearish in this market have to see the market go back to end of february highs, or middle of march levels, which is 2800. call it 2800 that's going to convince a lot of people. or else this could be a reviscid of the lows again. >>> coming up, just when you thought it was safe to get back into the water, crushing back to a blow below 9000. how do you know when it's time to stop hodeling and maybe start foldering. break it down. >>> plus, wind board strikes back taking aim and ex-wife founder steve wynn releasing a number of dramatic e-mails the latest details and what it means for the stock. >>> live from times square in new york city. much more "fast money" right after thisnts cust how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go. e*trade. the original place to invest onl

host: where did he leave his biggest mark in the 1970's? daniel: i don't think kissinger's legacy is singular. i think he intervenes decisively in a number of arenas. the soviets american detente is an achievement. the opening to china is a landmark achievement, and the consequences of kissinger's engagement with china reverberate down to the president. he remains one of the most articulate and effective proponents of good u.s.-china relations. kissinger has been consequential in a number of different respects. it was under his watch that the u.s. began to engage with other industrialized countries to convene the g7 summit. macroeconomic policy coordination is a legacy of kissinger's career. host: your book includes a photograph of president jimmy carter. a new autobiography talks about in part gerald ford normalizing relations with china. did kissinger play a role in that? daniel: it is organized by the carter administration. kissinger in 1971, laid the foundations. normalization would not have occurred without the opening under nixon and k

the entire s&p right now is in the midst of a time correction we talked about that in february you're still in a time correction from late january however, when you look at technology, you think about the nasdaq, it made another high after the s&p made that high in january on march 13th. so the story is about technology you're talking about technology once again apple is screaming higher towards a trillion dollars >> best six-day run for apple. >> if that's the case -- >> since '09 >> if that's the case, you can talk about being in those growth-oriented technology names, whether it's an apple, whether it's an amazon, whether it's an alphabet or a salesforce, because that's where the story is we keep waiting for the grand rotation that never happens. >> oh, big surprise, steve, that apple has this rebirth as a stock. now, people are talking about it, buffett buys it, tells becky on thursday night, we bought 75 billion more shares. stock market has been up ever since. we asked the question, so goes apple, as goes apple, so goes the market certainly seems to be borne out. >> i think it's

what we are seeing with his recent market correction is the s&p 500's for p/e ratio has fallen under r average for the first time since 2012. this is important for two reasons. we have had the recent repricing with the correction but also analyst expectation for earnings have increased over the past four weeks. if analyst revision to push higher, we could see the multiples stay there with higher prices on the index. you can find this chart at gtb go on your bloomberg -- at gtv go on your bloomberg terminal. kevin kelly with a very professional presentation. we will go to mike regan. mike: the big story today will be president trump's speech on drug prices. the performance on drug stocks has been interesting heading into this. they have been underperforming the market. the big pharmaceutical company in the s&p 500 is trading for less than 14 times forward earnings, which is a five-year low. this is the entire health care sector as a ratio of the s&p 500 . as it goes down, health care is underperforming. you can see to the far right of the chart how it is accelerated lately. this ratio

the c.i.a.'s former general counsel said ms. haspel is one of the staunchest advocates for destroying the tapes, notwithstanding the advice of the c.i.a.'s lawyer, notwithstanding the federal judicial order. she claimed that destroying the tapes was necessary to protect the security of the c.i.a. officers that conducted these interrogations. if that was really the concern, then the c.i.a. could have easily copied the tapes with the officers' faces blacked out and only then destroyed the originals. we used, all of us, seeing news items and others with the faces of certain witnesses and others blanked out. now, i recognize, and i must say i appreciate, that ms. haspel is committed to not allowing the c.i.a. to resurrect the use of torture if she is confirmed. i also recognize that commitment, while commendable, is not optional. torture is illegal. that is simply what the law demands. but what about the next immoral action that this president might ask her to commit. should we trust how the moral issue is set up and say, and based o

's -- in the 1990's? w leader.un is a he appears to be more bold. a risk taker. he has more tolerance for risk. the last few months with diplomacy out of north korea, neutral for north korean standards. the way kim jong-un accelerated the program since he came into program,e nuclear going to completing the nuclear program. he is fundamentally different from his father. shery: surprised to see them praise the donald trump formula. thank you for your time. korea,nior fellow for sue mi terry. a secretary-general discusses confronting venezuela on the international stage coming up. this is bloomberg. ♪ david: this is bloomberg markets: balance of power. i am david westin. shery: i am shery ahn. the venezuela president reelection seems to ensure the status quo of hyperinflation and scarcity remains. came out with a report that says more than 100 people have been murdered under the regime. they are looking to take the government to international criminal court. i spoke with him earlier today. >> we will submit t

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the s. the eh the s. the. thank you. europe. what unites. what divides. us let's try to force. what binds the continent to. answers and stories aplenty. spotlight on people. g.w. . european stars deliver rousing performances . delicate focus. and when the sound schemes. modern electronic control from coast to. europe in concert forty five minutes. the germans came together in one nation from showing the money to chancellor also from bismarck. the history of the germans has been shaped by great rulers. nice well formed ways to bring my royal college of best christendom and spread to the truth. and we get to the enemy in time. and steered by courageous decisions. we must be. i. the germans starting may thirteenth on d. w. . o. in a very warm welcome indeed to focus on europe with me peter craven and europe is booming people from around the world are flocking to the old co-incident which is good for the tourist industry but it's a huge challenge for especially popular destinations like one of my favorites that yes not least because of the monster cruise ships twelve stories high a

it is the s&p 500 dividend yield was is the three-month treasury bill young.riday was the first-day since february 2008 when the s&p 500 had a lower yields. investors are looking for income and they may be looking for increasingly the treasury market versus the s&p 500. that is the first time going back to 2008. vonnie was just mentioning what and this on with cbs new lawsuit with cbs suing to block a possible move by sherry redstone to ask some of the network directors before they can consider a dividend that would lessen the redstone's control of the company. this continuing back and forth appears to make it look like a viacom deal is less likely. cbs shares are up and viacom shares are down by nearly 7%. elsewhere on the host of individual corporate stories we're watching, we have got one deal that may be happening and one that is not. sears says it is considering asset sales now, including some of its key brands. kenmore among them. the shares up by nearly 9%. the man who runs the company heads up his hedge fund, which has set in the past that it might be

vonnie: the dow is up 15 points, the s&p down .2%, or about five points. performer in the s&p is e,ered h -- is deer raising prices. this is bloomberg. ♪ . ♪ londone: 4:00 p.m. in and 11:00 a.m. in hong kong. live from bloomberg's world headquarters, this is nejra cehic and you are watching the european close. vonnie: i am vonnie quinn and we welcome you to continuing coverage of -- ♪ nejra: here are the top stories we are covering from the bloomberg and around the world. italians markets rocked. plans that could royal public finances. glencore is set to face a u.k. bribery probe over dealings with shares plunging on the news. china cast doubt on reports it offered to reduce its annual trade surplus with the u.s. by $200 billion. the latest on where the trade talks stand. let's take you through european market action. 30 minutes from the close of equity trading. equity space, stoxx

its aqueduct opens in the 1840's, it is free at the pump. if you want to get clean water on a public, it is yours. if you wanted packed type into your arms, you pay extra. that is another high model that did reflect maybe a little bit more the demand as opposed to just getting it for free and not having it can -- it to conserve. it is exactly noon, so we did very well terms of our schedule. thank you for this great questions, and thank you, peter and generous, for your learned responses. [applause] caller: [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> monday morning, we are in nebraska for the next dot on the c-span bus 50 capitals tour. the nebraska governor will be with us on the bus during "washington journal," at 9:45 eastern. >> next on c-span, a discussion about brexit and invocations it will have on foreign policy in the u.k. panelists talk about what the future relations of the united

in the late one nine hundred sixty s. for the good over lighting was the boss but later he became chairman of outing in the most weigand group he wanted to market a prestigious project and began developing his own sports car project x. was born in the us yet it's. the technology was borrowed from the brazilian version of the most wagon twenty three a compact sedan closely related to the good old v.w. beetle. but how did they manage to turn a practical and functional german model into one without firing a latin temperament. and they caught the first out says a team of designers and engineers got the car ready for serious production in record time just two hears ago was hardly a mass production it is a car that was never destined for export and first just three a day world off the assembly line up to twenty thousand people and the new sports car that was christened s.p. for sal hollow where v.w. no brazil has its headquarters and works at this point to put up one step in front of the. total development cost for the most wago

he then becomes a community organizer in the 1960's. as a community organizer he is interested in mexican-american rights. he wants to really improve the quality of life for mexican-american farmworkers and he is in delano, california. this is a little bit of an aside, but things you might be less familiar with is philip. the key point i want you to know is i'm talking about chavez and mexican americans. this is a coalition between filipinos and mexican americans. we should think about this is an ethnic coalition. the code the filipino workers are the ones that pushed chavez on strike. the goal was a higher minimum wage, one dollar 50 cents an hour. the right to unemployment insurance and the rights to have a union and have them be hired by the union hall. he always wanted more than just a union. he saw this as a movement for mexican-american rights and for labor rights. the first strike happened in 1965. chavez uses three tactics to help workers unionize in the agricultural industry. the first was the most common in some ways iconic, wh

of the s&p, and buyback program is up 6.5%. the losers, carvell holding down, down 5% there. this is bloomberg. ♪ live from new york, i'm vonnie quinn. from london, i'm mark barton with the european close roughly six minutes away. malls across america are theing with more singles in retail apocalypse, but one mall owner says the looming death of the industry is exaggerated. sat down with ed hammond. >> the death of the u.s. mall is overhyped. it is a story that plays well. when we look at it, we look at it on an acid by asset basis, and if you look at the u.s. mall end ofthere is a higher quality mall space and opportunity, and that is what we are looking for, entering into great cities with terrific assets. we do not think we are going into the u.s. as a whole. the u.s. mall quality, on average, you have only about 9% ++.ating to a westfield has about 25% of its work folio in that range. do this, 25% of your revenue will be coming to the u.s.. is that something you want to increase? >> we are comfortable with it, but we will s

one of the worst stocks from the s&p 500. let's take a look at the terminal that was up earlier and using the gtbhis function. this is a stress monitor. index that goes across asset class. at levels seene back in january when we had a big rally for the s&p 500. investors are somewhat complacent. the fact that is narrowing tells us that this may just spike higher so perhaps the volatility we have seen this week may just get a little bit bigger. time will tell but it all seems to be driven by rates. you.: thank we are awaiting those comments by president trump on the state of the u.s. north korea talks. he is talking with the uzbekistan president. he just said we will have to see whether north korea meeting will happen on june 12. do you get involved? even when you come in how much transparent the do you give out to the world in very fine that those nuclear weapons aren't there are not developing? david: from the u.s. point of view there is a sense that we did this once in the 90's and we thought we had an agreement and they pro

the original place to invest online. >>> welcome back, 90 seconds until the close. slose, briefly in the red at 2:00 p.m., opening nicely at the start of the day, lost a little bit, but hovering flat the last half hour or so. if we broaden out and look at the s&p year to date, as we discussed through the show, yeah, it's a bit of a shame we've gone down into flat for the day today giving up gains, but owe can see the great rally over 11 sessions or so, up 5% for the s&p 500 before today let's just broaden out now looking at the sector performance today. last week, sector performance, energy, big winner, up 4%, utilities the loser, down 2.3% that's essentially playing out today with a little bit less conviction than before half a percent or so up or down for the best sectors opposed to anything more pronounced, and why are we seeing those moves? let's have a look at some asset classes. oil up .60%. hurting interest rate sensitive sectors, near 3%, and dollar is stronger against the yen, nothing pronounced bob? >> we lost it. russell 2,000 at 10:00 a.m., we failed at th

>> we would be more in the 60's. with prices in the 70's and touching the 80's. e are a lot of possibilities. one is for the moment, europe, iran. and then on the other hand, what is it mean for the russia deal. on the side of the u.s., trumps tweet about oil prices, and also, you look at statements from russia and the saudi's just a few days ago talking about being there to medicate supply shortfalls. it is possible they have some sort of understanding and it could come back to the market from opec and russia sooner than otherwise. >> could you give a sense of which countries take the bulk of iran passes oil and how disruptive it would be for those countries? >> sure. some of the major imports of oil for iran including europe broadly speaking to it also, turkey, china, japan, and korea. think it is more likely that japan and korea do start to reduce oil imports for iran. we have seen private companies in those other places i mentioned also talk about shifting where they get the supply from a but again, europe is looking to keep buying oil from iran and to try to

can see the s&p 500 up 1%. ore than 2% today and adding some base's points. >> there is no need for a safe haven today. >> exactly. ♪ ♪ mark cohen islamic state says man who killed people mark cohen islamic state says man who killed people tuesday is a soldier of the caliphate. meantime, the attack, which killed two female police officers, a terrorist murderer. reportedly murdered another person t night before and was also serving a prison sentee and was on an authorized leave. wilbur ross calls the wto updated and says the amount of time to resolve this dispute is a joke. secretary ross spoke today at a form in paris and says the mindset is that anything a next order chooses to do is fine. the prime minister for macedonia name for his country will be put to next year. one year since he took office, he said that athens

the s&p 500 is near the 10% correction mark.of the market bob pisani is here to answer >> you know what's amazing is how successful the bears have been in changing the conversation just in the last few weeks. we have gone from global expansion to now slowing global growth we have gone to inflation from inflation is tame to inflation is picking up. these are potent arguments to make if you can combine that with the idea of peak earnings i have said peak earnings is a nonsense idea when you have global growth. you can do fine in the stock market when things are still growing, even just to the rate of growth slowing down. >> how much of a global slowdown has there been if this is what the bear case is resting on. >> europe slowed down noticeably you wouldn't say it is at a critical level where it will tip into contraction it changed the story line enough we are no longer talking about are we going to overheat that was the conversation four months ago now it's different >> bears are here, bulls are here bulls lose conviction a littl

the dow slated to open up 2 points, the s&p by a single point. e dollar hitting at the highest level of the year. if you look at some of those moves, we are seeing a pullback from those levels. dollar weakness across the board for the major pairs. euros now, 119.78. dollar/yen, 109.64. the pound 1.3573. courtney mentioned tesla, we have spotify and square down big right now. kraft heinz a bright spot. we'll have more on all of those names coming up. >>> thank you very much. we're following a developing story out of china a u.s. trade delegation led by steven mnuchin arriving in beijing for key tariff talks let's get to eunice yoon live with the latest. >> thank you very much secretary mnuchin and his team are in meetings with the chinese after a briefing with the u.s. ambassador the team was greeted by the vice premiere and the chief of the chinese delegation, and not only that, he's also seen as president xi jinping's right-handyman man on the econ. these are high-level meetings, that's because a lot it at stake. both countries have been threaten

the big cap, s&p 500 and the small cap russell 2000 are reversin the s&p has risen nearly 100 points. the dow more than 1,000 points since thursday's lows. the news has been better for the bulls recently. the jobs report last friday indicated modest jobs growth with modest wage inflation. earnings haveained strong and guidance for earnings for the rest of the year have notop d. earnings growth will be slower next year, however. finally, inflation remains moderate. ten-year treasury, ten-year yields up 3%. april's producer price index, measure of inflation at the wholesale level. well within expectations despite somewhat higher cost for commodities. it's not just the s&p that's breaking out. sectors that were market leade earlier in the year like banks and fang stocks are doing better. what's missing is more volume on up days. that would be a sign the bulls are getting enthusiastic. the highest days have been on down days. none of the upe days h any kind of heavy volume. breaking out of a down trend does not mean were in a convincing up trend. keep in mind that the markettr itionally h

the big story is energy. as and five feet dutch s&p 500 energy, the worst single session going back to february because of oil prices. after the saudi energy minister said the country is agreeing with russia and other opec nations to start to gradually increase output in the second half of the year. oil prices over the past four days with the fourth straight session wti declining, around five -- the decline today alone is the worst going back to september. the decline coming on these comments and more and more signs that opec is pulling back from its production cut plan. look at the large-cap energy stocks that are declining. as a result of this with exxon mobil, chevron, conoco phillips, even companies that rely on natural gas for the revenue are calling. -- falling. even as natural gas is on the rise. this causing consternation among traders of this company -- these companies. that means that the s&p energy index has a lower waiting in the s&p 500. just over 6%. even on big down days like this, yes, a limiting influence on stocks o

the nasdaq was off 15 and the s&p 500 was down 8. chicken. >> i know. i am. totally. you're the explorer. that does it for us tonigh i'm sue herera. thanks for joining us. >> i'm bill griffeth. a haonderful evening. see you tomorrow. >> this is "bbc world news america." >> funding of this presentation is made possible bye eeman foundation, kovler foundation, pursuings solutir america's neglected needs, and purepoint financial. >> how do we shape our tomorrow? it starts with a vision. we see its ideal form in our mind, and then we begin to chisel. we strip away everything that stands in the way to reveal new possibilities. at purepoint financial, we have designed our modern approacho

the s&p was up by eight. steve liesman has details now on that big debate within the central bank. >>> fed officials are seriously debating a question they usually ask at the end ofikg rates. how much further to go? the minutes of the fed's may eting show ateast a few central bankers answer the question, not much further at all. they believe the economy may o have changedch since the great recession that, quote, the federal funds rate could be at ve their estimates on the longer run normal level before too long. to be sure that's only a 1ew of th members of the committee, but with the fed right now at a funds rate of 1.5 to 1.75%, it'a anng discussion to be having. fed funds can normally top 5% of the cycle but it seems unlikely to go there now and that is welcome news to the stock market. that wasn't the only dovish or easy m mey type commente by the fed in their minutes. it was also noted the fed could le inflation run above the 2% target for some temporary period of time.dn specify how long. overall the fed

when new york opens its aqueduct in the 1840's, it is free at the pump. if you want to get clean water at the public pump, it is yours. if you want it typed into your home, you pay extra. that is another high model that did reflect maybe a little bit more the demand as opposed to just getting it for free and not having it can -- it to conserve. >> it is exactly noon, so we did very well terms of our schedule. thank you for this great questions, and thank you, peter and janet, for your learned responses. [applause] [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] journalists and lawyers discussed the first amendment in the digital age. former white house chief of staff leon panetta, former truck chief of staff reince priebus on the american presidency and the american dream. on book tv tonight at 10:00 eastern, on afterwards, facebook cofounder chris hughes on his plan to reduce poverty and strengthen the middle c

to be behind lose we have the best that to ninety five m. s. famous around the world still ancient but still working still flying still functional to ninety five and that's big news as nato has come to call them but. i'm not one hundred percent sure what the you get this shias size of these aircraft through you know a camera lens but then in normal sometimes defying reason and logic how does the things not be. fly. but if you tend to. do one how.

the s&p is up by seven, the nasdaq up 14.5. gerri: the yield of its largest point drop in two years. risky stocks for the safe haven of bonds. cheryl: stocks opening mostly lower. watching developments happening in italy. the cac is the one index in the red. gerri: stock fall to sharply pick the biggest loser in shanghai done to put my% of the kospi down nearly 2%. cheryl: hours after her show was canceled and she left writer, roseanne barr was back on twitter. the update to mr. renÉe. "fbn:am" starts right now. the good morning. 5:01 a.m. in new york on the economy 30th and gerri willis and for lauren simonetti. cheryl: good morning. i'm cheryl casone pictures on twitter twitter, on twitter, apologizing. but not totally apologizing. gerri: a lot going on in the markets as they consider whether the e.u. can stay in business. it's a big question. drink you breaking news we want to bring to you. president trump holding a campaign style rally touting the booming u.s. economy. >> we've created 3.3 million new jobs since election da

for example in the early 2000's. time, the growth was largely based on a prolonged time of oil prices. the growth should be short by other factors. >> the impact of u.s. sanctions on russia has in, in her words, quite limited. hurricane season begins in the u.s. in a week and top jobs at the federal emergency management agency still remain unfilled. critics say they can see is only get harder for the government to respond to the disasters. one of the five deadliest in u.s. history struck with an week -- within weeks of each other causing 265 or and at least 200 deaths. this year's hurricane season is predicted to be worse than average. global news 24 hours a day on air and on tick tock on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. shery ahn: -- scarlet: breaking news, a news conference with the brought -- russian president vladimir putin taking place in st. petersburg. putin has been discussing the cancellation of the north korean summ