percentage point or two. you see that reflected in s&p futures, up about 1% on the day. not much going on in the treasury market. as a lot ofclines folks unwind some of those haven bids. take a look at what is going on yuan, a little bit stronger than that key seven level. pre-much everything rebounding as the sentiment shifts to a slightly more positive tone than what we had just a couple of days ago. exchangefor the global sonali: first we have some news coming in. we have phillips missing estimates, falling $0.04 short of what analysts were looking for. conocophillips here, keeping their dividend steady. shares before market rising a little bit still. we were looking for them to have results better than their peers. all of the oil companies have had a rough quarter. romaine: we are seeing that capex spending coming in pre-much in line with what analysts were much ing in pretty line with what analysts were expecting. some encouraging signs off of what is kind of a bad e
which isn t hurting things. all of that cash coming out of treasuries and looking for a place to go. one place going is tesla. another is ralph lauren, saying that half of its stores in china are closed. nonetheless, same-store sales in the u.s. in the quarter were up by 2%, a lot better than the 0.8% analysts were looking for, and that has the stock rallying nicely. facing more privacy probes in europe. guy: no longer a $1 trillion company. i think there is some coronavirus element to what we are seeing in the stockmarket rally on both sides of the atlantic. you also have signs of stabilization in the asian markets as well. stoxx 600 by 1.5%. around 0.5%,p by getting a bounce back in the energy complex. byember, we are still down 21, 22 basis points on the german ten-year this year. today, we are five basis points to the good, as a result of which we are seeing maybe the start of a process of an unwinding of what has been a fairly big bond market move over the last couple of
the largest gains. a nation s highest duty is to its own citizens honoring this truth is the only way to build faith and confidence in the market system. only when governments put their own citizen s first will people be fully invested in their national futures in the united states, we are building an economy that works for everyone restoring the bonds of love and loyalty that unite citizens and powers nations today, i hold up the american model as an example to the world of a working system of free enterprise that will produce the most benefits for the most people in the 21st century and beyond a pro worker, pro citizen, pro family agenda demonstrates how a nation can thrive when its communities, companies, government and its people work together for the good of the whole nation as part of this new vision, we passed the largest package of tax cuts and reforms in american history. we doubled the child tax credit and lifting 650,000 single mothers and their one million childre
For the majors. We have the s p 500 and the nasdaq ever so slightly higher and putting in new alltime highs and the dow down very slightly. Of ate the third day Government Shutdown, investors not seeming to care. Yet another round of record highs for both the s p 500 and the nasdaq. David over at mainstay capital says that they are desensitized to drama in d. C. , but the conditions for markets are over. That may suggest a 5 to 10 pullback is ahead. If we happened to the bloomberg and take a look at g btv to a 83, the last shutdown was in 2013. At that time, the s p 500 did drop about 5 . The rsi or momentum indicator had been overbought. At this time, we have the s p 500 5 above its 50 day moving average, suggesting conditions are overbought. Take a look at the rsi above 80. Katie stockton, the head of technical analysis, saying sentiment is overbought. She sees a 5 pullback is left. It will be interesting to see what triggers this. A lot of agreement that conditions are overbought. V
A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the market picture. The nasdaq up yesterday a percent, the s p just less than that the dow up a half percent. We had nine out of 11 sectors higher led by telco and energy this morning were expected to open higher, about 79, 80 points for the dow. The s p up 6 points. The nasdaq up 32 points. Tenyear treasury note yields rose again yesterday. Up to about yesterday we got up to 2. 66 today 2. 62 the trend of late has been a rising and steepening yield curve. Asian trade for you, strong across the board we did have a bank of japan meeting which, as expected, kept things in line as they were. The statement also very, very similar to last month. The nikkei rallied 1. 3 . The yen not doing too much off the back of the season a strong session across all of asia we talk about the rally thats continued at the start of this year the likes of hong kong up sharply. Already strong outperformers last year. Hong kong up 3. 2