Earthquake rattling california, the strongest quake in two decades. And trouble for big tech names out there. Apple and facebook both experiencing outages over the fourth of july holiday its friday, july 5th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu. Brian sullivan is off today. Here is how your money and the Global Markets are setting up. Stock futures now pointing to a slightly lower open. The dow will go down by 38 points if these futures losses hold into regular cash trading you can see the s p off by 5 points the nasdaq down by 10. The bond market right now in focus ahead of that big jobs number in the United States. Tenyear u. S. Government note yields ticking slightly higher, just a hair below 1. 97 . 1. 78 for the twoyear note yield. On the european side of things, worth noting whats going on with the european bonds especially the german tenyear government bund. You can see there that bund trading at negative 39 basis point
them economic vandals who created a self inflicted financial crisis. not for the prime minister and his non domsing, not for the super wealthy they gave tax cuts to, but for mortgage holders all across the country. so does the prime minister know how many more people will be joining them on higher mortgage rates by the end of this year? well, mr speaker, thanks to the actions we re taking, in fact, the bank of england is showing that public expectations of inflation have now eased to a 15 month low, mr speaker. consumer confidence is at the highest level that it s been at since russia invaded ukraine. and because of our stewardship of the public finances, we can see a clear way to reduce debt and bring interest rates down. but, mr speaker, he keeps in this habit of quoting the former labour shadow chancellor. we know that our plans will deliver lower inflation and lower interest rates. but we know we know that his plans just mean more debt, mr speaker, and i quote. and i quot
Tenyear down. Oil is down as the u. S. Reaches an risk deal with iran. It would be the largest chinese takeover of an American Company ever if a reported 23 billion bid for a Technology Company is for real. And first up the u. S. Iran and five other major powers reached an Historic Deal this morning. The agreement eases some sanctions on iran. Oil prices down on that news. Brent down nearly 2 . This is the president announcing the deal early on this morning. I welcome a robust debate on congress in this issue and i welcome scrutiny of the details in congress. But you dont make deals with this like your friends. We negotiated arms control agreements with the soviet union when the nation was committed to our destruction and the agreements made us safer. This deal will meet the National Security interests of the United States and the allies. I will veto any legislation that prevents the successful implementation of this deal. Some of the safeguards go 15 to 20 years depending on the thing
As the government buys, everybody else tries to exit and essentially, the only big buyer left in china is the chinese central government. You have five dow stocks now in bear territory and meaning theyve fallen 20 from the highs. Walmart, disney, apple, exxonmobil, intel. Structurally, legally, in terms of work force, the United States is in the best positioned economy in the world to get through all of this and prosper. The fed is absolutely to blame for this. They have managed this terribly from the beginning and the markets have taken it into their own hands. Prices have to adjust to the economic reality in the United States and europe and china and the question i have, stuart, will the fed allow that to happen . That was yesterday. This is now. Doesnt is look different . The futures indicate a gain of 500 points right there at the opening bell. Again, i have to caution, nobody knows how this thing will end. We can tell its going to be up big at the opening, the ending is another st