Consumer product stocks, and travel, and a number of industries, the only competition is from each other and investigators are giving them the benefit of the doubt for now. As far as the comparisons to 1973, the nifty fifty stocks, when i say when it comes to the tech stocks, its not even 1970. Varney company, weve got a lot to do. Were about to begin. When you look at paris, you know, whats right about this issue is making sure that we have International Discussion with respect to how good a job were doing across the globe with respecting our co footprint. And what is wrong is a bad business deal for this company. It causes a contraction to our economy when were leading already in reducing our co 2 footprint. He says that the paris deal is bad for the u. S. And theyll be meeting with the ite house and ivanka trump and shes made it one of her signature issues. Youre a donald trump guy. The president s base wont be happy, obviously, if he doesnt pull the plug on the paris agreement. Wha
By midweek, the drama in washington spilled over onto wall street. But the major indexes climbed their way back. Today the Dow Jones Industrials advanced to 20,804. Nasdaq was up 28. S p 500 gained 16. For all of the weeks dramatic ups and downs, the dow, nasdaq, and s p 500 were off just fractionally. Dominic chu has more on the week that was on wall street and why it wasnt that bad. Reporter the week didnt start off with any real fireworks. But by the time wednesday morning came around, there was a feel like we actually might see that longawaited pullback for stocks thats been absent for so long. Wall street had been shaking off the headlines from washington for weeks and even months. But the possibility of interference by the white house in an active fbi investigation was enough to rattle things a little bit, enough to push stocks down on wednesday by the most in around eight months, certainly the most in 2017. And it put a real end to that run of calm and steady markets over the la
He just sat down, so we will get some commentary from him as we work our way through the next hour. To get my greek right or my producer will be angry, a mixed result. The greeks reach a bailout deal, releasing muchneeded aid. The critical question of debt relief is being dodged here. When will this issue be resolved . And the luxury of low rates. It is dangerous when companies are paid to borrow. So is there a bubble waiting to burst . Matt we have less than half an hour before the european open. Lets look at futures right now after a fairly weak session yesterday. We had gains across the board and in futures. The ftse futures up by zero point 0. 1 . We have dax futures up stronger, i am going to make an audible. Normally i show you bunds and it is an interesting trade today as well, but what i think is more interesting, guy johnson, if you take a look at the european car registrations. I have up a fiveyear chart of that right here, and you can see that even though we have had a jumpe
Programs with coxe cuts. Slashing costson be enough to keep investors on board . Matt less than one half or now or wait till the open. European stocks futures pointing down after a down finish yesterday for both the u. S. And europe. The narrative here is that investors are concerned about political uncertainty, political terminal. As a result, fleeing for the safety of safe even assets. Are you seeing that on your gmm screen . Is lets see what happening. Mario draghi saying the euro is irreversible. Certain people in france may disagree with that. The markets on the equity front got smacked around yesterday. Italy down 2. 21 percent. The euro is weak for this morning, down by 6 10 of 1 . Trading at 106. 84. On the markets getting into gear now. Bond markets getting into gear. France tighten their tightened. Italy and greece both whiter. Wider. The focus on the periphery. It blair yesterday. That story looks like it may have traction. Thatep talking about throughout the program. Lets g
Overnight and why is it now beginning to pick up a little bit . Estimates and see significant restructuring costs. s efforts be enough to reignite growth . We will speak to him at 745 gmt. And going on a charm offensive. Britains Biggest Union says it will not support the loss of a single job. 830ill speak to its head at gmt. Lets talk about what is happening with these markets. Will have seen over the last half an hour is a turnaround. It is fascinating to see what is going on. These are the futures here, calculated into a fair value. This is the london market, most cac is onerkets, the exception. The s ps price for a negative as well. We have not seen that since 2013. This is the story, focus on this line here. When i got in first thing this morning the euro was up, the dollar was down. That was fascinating given what we have seen overnight in spreads and how they affect pricing. We will talk about that. That has turned around as london liquidity kicked in. The bund yield is interest