Im wilfred frost. Very good morning to you have me as well. Lets get straight to the Global Market action. Yesterday we saw the Third Straight day of declines for the dow. Just barely. Exactly right. You completed my sentence before i could. Down just a fraction. Nasdaq closed positive, right . Nasdaq slightly positive for its fourth positive day in a row, albeit similarly four p slight positive days. 7 out of 1 1 sectors were negative. The most notable decliner was financials. The bank stocks down over 1 . A poor day for them. A large part of that was what was happening in the yield curve. Tenyear treasury note. The yield curve slipped across the board. It wasnt that it just flattened. The tenyear note hit a low of 2. 46. At 2. 48 at the moment. That was a low not seen since about the last three, four weeks. Japan, remember, was closed on monday. It did open tuesday. Declining about 0. 3 . Hong kong and shanghai remain strong. The hong kong stock market, the hang seng is actually at t
I might have met one yesterday, patrick harker. The new philly fed president. Has a business background, academic background. Went to the university of delaware. Interesting guy. Has a Civil Engineering degree and a master in economics. He was trying to be a homer. I know. I got it. I was ignoring it. Thats your first meeting with this guy . Yeah, it was. Hes not as hawkish as charlie plosser. Much more down the middle. Love charlie. Hes on board with a few rate hikes, but not in a hurry to do more. Three more or three total . Three total. Two more. We had kashkari on yesterday. I know. I saw that. You did . I read the transcripts later. You did . Yeah. Some people with that viewpoint like the interview, my viewpoint. You heard, if you read you know what i was saying to him, i think hes crazy. Right. Because youre close enough to the statistical Inflation Numbers to where if youre at all forward thinking at all, now is the time. He just kept trying to defend that position. I thought wh
Dagen asian stocks reopening after slipping one third of 1 in china. The shanghai composite ended up a third of a percent. Lauren oil prices lost about 1 . They are rebounding today. Talk about tech expanding reduction cuts up 1 . 48. 73 a barrel. Train to the yield on the 10 year treasury continuing to fall. Just a little bit holding at 2. 5 mark. Lauren also busy day for earnings. Well hear from nike, fedex and General Mills throughout the morning. Dagen in sports, tempers flair and the golden state gets the last laugh as they thought the vendor. Oklahoma city and tom brady super bowl jersey reportedly stolen by a former mexican newspaper executives. We are going to have the very latest on that story. Lauren the fbi was involved on that one. Good morning, everyone. Five of 1 00 a. M. Your watching fbn am, your first look at morning markets and breaking news. Good to see you, dagen. Dagen good to see you. Lauren House Republican leaders making changes ahead of a full house vote on thu
Every day. And we have to talk about the raiders because a vote on relation to las vegas could be less than two days away. There is a last minute push. With going to get a little bit of a break. We are getting a break today, get out and enjoy it. Because this is the only day where we are dry the entire day. We have partly cloudy skies to start the day. Patchy fog out there this morning, running cooler because of the clear skies giving you view here across the by, as we look east and awaiting that beautiful sunrise. Can you see the sky is already bright and again, a little bit of fog to start the day over portions of the north bay. A you can see earlier this morning, still residual moisture pushing through. We are looking at mainly dry conditions and looking at partly cloudy, sunny conditions for afternoon today. We are dealing with a little bit of fog, napa reporting visibility down to three quarters of a mile. You can see highway 101 pew pat a 1051 in. San francisco. A chill low start
Jon fortt and Kayla Tausche and me with Henry Blodget on set, and Mike Issacson is joining us from san francisco. A lot to watch with the dow down, and the politics is a story, with democratic nominee Hillary Clinton getting endorsements from the president , and senator elizabeth warren, and also on twitter donald trump said that e obama just endorsed crooked hillary and he wants four more years of obama, but nobody else does. And she replied, delete your tweet account. And then he replayed, how long did it take your staff of 823 people to think that up, and where are your 33,000 emails that you deleted . And how could this market be doing so poorly . Well, whatever intern is manning hillarys twitter account got a huge raise, because it brought delete your account to the mainstream lexicon, but it is essentially really funny, because it is a tool that you and i use everyday, kayla, and jon, and we are all on it all of the time, and it and it is a great Media Consumption tool, and twitt