Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the board. The biggest gainer of the three major averages is the cac up 1. 4 but you see gains of better than 1 for the ftse and dax as well take a look at whats happening with treasuries. Right now the ten year is yielding 1. 588 . So the yield picking up just a little bit the two year yielding 1. 539. Lowes is solidly higher on the numbers here 215 adjusted versus estimates of 2. 01 on better than expected revenue. A little bit anyway. The revenue is 20. 9 expected and 20. 94 to 20. 99 and then for
Power lunch kicks off right now. And stocks are hitting highs of the session on some breaking news out of washington, as you see, moving up by a half or a little more of a percent each lets get to Kayla Tausche with the details. Hi, tyler the market is moving on reports that u. S. Negotiators will be departing washington on monday to go to beijing my sources tell me these inperson facetoface talks are expected to take place in china at some point between the congressional recess, which begins friday, and a chinese holiday, which is set to take place on thursday, august 1st. Remember, the top u. S. Trade official, ambassador Robert Lighthizer wants to be meeting with members on capitol hill to talk up the usmca, he wants to get as much support as possible before lawmakers leave town for a month and so he personally, im told, has not wanted to leave washington until those conversations have wrapped up. That leaves just a window of a few days time for these inperson talks to take place. T
And so well talk. No. Thank goodness, and lets talk about markets earnings. I want to know what hes fixing. Fixing facet. Lets talk about markets and the recordbreaking last week. Futures are pointing to higher ownership a 28 point gain on across the board after all three major market games finished in record territory on friday. Second quarter earning season kicks off in about two hours. City reports President Trump tweeting on the economy last night, were doing great economically as a country. Number one, despite the feds aint waited policy on raids and tightening room to grow. Mitch lets start with again the feds getting ready to cut Interest Rates based on all indications. So thats thats not tightening. But lets talk about earning season what do you expect because again, rip to, quote, ya a rip roaring market but you have earnings are expected to come in negative for this quarter. Last quarter same i mean for the Second Quarter, and negative even in the Third Quarter based on expec
About 0. 6 hang seng down almost as much. The shanghai turned in a positive day up by 0. 1 and in europe, in the early trading, at least at this hour, you will see that the markets are weaker as well the cac is the big loser down about 1. 4 . You can see declines of over 0. 7 for the dax, similar decline for the ftse alltime low on the fix yesterd vix yesterday. We kept saying complacency we cant go down suddenly the nasdaq is up. Midday reversal. Everybody told us yesterday that for some reason the vix wasnt the indicator it used to be for volatility or for complacency. If its an alltime low, dont you think people are not worried about anything doesnt that usually set things up for a rise in volatility. My god these things can move around vix up 6 yesterday. We want to get to washington we have breaking news overnight. That could add a bit to the vix. Senate republicans failing to repeal obamacare in a dramatic latenight vote on capitol hill. Kayla tausche has more reporter it was a l
Good evening, everyone, welcome. Hurric is massive and it is continuin its march toward the southeaster part of the united states. President dec a st of emergency in florida. The governor of that state ordering millions evacuate, and saying millions more could and almost certainly will lose power. The waves are already picking up. And the economic disruption has started. Busine shutt their doors. Theme parks closing. There are gasoline shortages. And that is not all. Morgan brennan reports tonight fromay barrels toward the ane eastern coast of florida, presidena sig a declarat of emerg for the state. More than a million and a half people are being urged to evacuate. And through the region, more than 2 Million People, the most weve seen since super storm sandy. Throughout day, Florida Governor rick scott has been urging people to evacuate if they are in unsafe zones and to take the storm very seriously. We should not be putting peoples lives at risk because you made the foolish decision