Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an
Train were threatens the very existence of chinese factories. Our exclusive interview with the top supplier of consumer goods. Shery breaking news out of south korea. We just got the unemployment s, in line with estimates. The government continues to support job growth. We are seeing more job creation in the government sector, not to mention some green shoot in the private sector as well. In recent months, we have seen the Hospitality Industry showing some signs of recovery, so the Unemployment Rate Holding Steady at 4 . This after edging down to that level back in may. We have some pressure when it comes to manufacturing jobs given the trade tensions and uncertainty there. Lets get a quick check on how futures are trading at the moment. Lets start with south korea. Kospi futures gaining. 5 . Is coming up to the cost vfl to the weakest level the cost be fell to the week the kospi fell. The bank of korea easing bets, but still some uncertainty when it comes to samsung electronics. Nikke
Criticism and says he will finish the job. Jay powell is losing patience rallied for at third day while the dollar fell. Asian markets looks set to ask and the gains. Facebook aims to liberalize International Payments with a new digital coin. We hear from Sheryl Sandberg. As we look at the market close in the u. S. , the bond market is where we saw so much action. Looking to the two year treasury note, reflecting jay powell and the individual forecast showing whether they expect to hold her cut rates confirmed what markets have been betting on. The 2year note had a drop of 12 basis points. That is a big move for a piece of paper. Stocks pretty much expecting the fed would be somewhat dovish. You can see some nice gains across the board. The s p 500 near an alltime high. Futures ago the reporting a little bit negative. Look at this green, seems to be growing by the moment. Im wondering, as you look at the asian markets, are we starting to see this optimism . Sophie we are ready to track
Charles major breaking news, iran shoots down drone overnight, Iran Foreign Ministry pushing back what its calling a violation of its air space and warning of a strong reaction, iran also saying it has no intention on going to war with u. S. But it is ready. Congressman, thanks for joining us. Great to be with you. Charles continue to mount, and feels like america is pushing america despite deterrence that we are putting out there, what do you see this heading . Well, once again shows that iran is belligerent nation and Iran Nuclear Deal was so wrong headed because iran continues to take malign activities in the region. We saw this during the Iran Nuclear Deal and despite the promises that the regime made in tehran, they continue to develop ballistic missiles, continue to export terrorist support, now belligerent activity continues with attacks on oil tankers, so, again, this is continue to ramp up the pressure with economic sanctions to put pressure on the regime. Charles ironically,
Speak. Numbers will move around this morning. Dow would open 150 points off. Nasdaq down 60 s p would open off 18 points treasury yields. 10year treasury at 4. 223. It moved up. 2year treasury at 4. 96. As joe mentioned, in the last half hour, fitch warning it may downgrade dozens of banks. The Agency Cutting assessment of the Industry Health in june. Fitch rating stating if the industry is downgraded again, that translates to negative reaction fitch wants to significaal that downgrades not a foregone conclusion he will join us in the next hour to breakdown what with is happening here. Im looking for a trade, courtney i dont see it yet home depot is saying things are crappy in line with the crappiness they talked about you saw it yes fiscal earnings down Single Digits you want to go through the numbers . I dont know if the stock is impacted by the comments exactly we knew they had been looking for the year of moderation fiscal year earnings down it could. Home depot is reporting earnin