Some midday movers on the equity side, boeing shares after a 787 jet plunged in vitamins way from auckland. A flight intended hit a switch on the cockpit see propelling the pilot forward and pushing down the jets knows injury multiple passengers. Nippon still says is determined to complete the 14 alien dollar acquisition of u. S. Steel steel even after President Biden state of the company should stay in u. S. Hands. U. S. Steel is up about 0. 7 but had losses this week. We are keeping a close right on crypto markets because bit going continues to slide. Shares of crypto equities are falling with the largest digital asset, down almost 4 and coinbase is still seeing gains of 1. 3 and marathon up about 2. 8 . Markets are positioning for the Federal Reserve policy meeting with the dot plot mostly in focus. Will discuss that further with the macro policy senior policy advisor. How do you expect that dot plot to change its course after the Economic Data we have seen this week and knowing tha
And hammond ed hammond joining us. This is like the final, final done. It was already done already with the sec approved it. This is something we have thought this was going to happen. Says therehe market is zero chance that this thing blows up. Carol we were just on Bloomberg Radio talking about the deal and fired environment. This year you see a lot of pushback of major deals. Not a surprise that this deal ultimately got its way through . Ed obviously comcast try to do the deal earlier. That did get blocked. They were confident they would be able to get this one done partly because it is not one in three, it is two and three going together. Was quite early in the future this would go through. Carol what are the other needs for players in this injury industry. Is a kind of done . Endga ofnk this is the the cable industryme. End game for the cable industry. There are some companies with big m a in the u. S. Carol lets wipe it out for a moment. In terms of broader m a, what are you hear
Then earlier. So this is a trend we have been seeing as we get into august here. You see the nasdaq down. 5 . As it be at the lows of the session as well as the dow falls by 58 points today. I want to get to the highlights of what has been moving today. Oil has been on the list. Oil prices are plunging after we got the weekly inventory numbers showing an unexpected build in inventories. Ago, 41. 53. Down by nearly 3 . Putting pressure on energy stocks. In terms of earnings numbers we have gotten, tale of two retailers between ralph lauren and kors. Kors Beat Estimates but did not raises forecast. That is causing some concern. Ralph lauren beating with its numbers and stoking hopes of a turnaround taking hold under the new ceo. We are watching yelp as well. Often and sales beating strength of ade revenue and a number of different analysts at places like Raymond James are raising the rating on the stock as a result as it climbs by 13 . Then we are watching an acquisition that may be runn
Pushback. Jay has been critical of governor carnie and his campaigning ahead of the bricks referendum. Brexit referendum. David he thought he had his thumb on the scale a little bit. And the possess schism coming ut of the f. C. S. Fx market. David love it when bears capitulate. And we will talk about the feds next move with Mohamed Elerian. He will join us in just a moment. But first, john, youre taking a look at those markets. Jonathan i am, thank you very much. Lets get straight to it. In the equity market, the ftse 100, a touch firmer at 1 . Futures coming back a little bit. In the last 24 hours, the real story has been in the fx market. Its been a story of dollar softness and sterling strength. Five Straight Days of sterling strength. We come back with a touch with a cable rate. Coming in about. 4 of 1 . The move yesterday in the bond market, fascinating. Across the treasury curve, yields come in at the front end specifically. 734 . Down from 80 to weve had u. S. Manufacturing in
Julie im not sure what he was doing in that car. He is a tall guy. Squeezee were trying to something out of the markets. Julie losses are accelerating as we head toward the close. Accelerating commodities selloff. All three major averages are trading lower now. The nasdaq losses have accelerated, down nearly 1 . Same goes for the s p and dow. Energy shares are doing the worst today. Energy shares as a group are down 2 , followed closely by material financials. At the same time, we have seen more selling in stocks, were seeing more buying in bonds. Rates are going lower today, 1. 87 , despite the fact that we heard from the federal reserves James Bullard today that he thinks it is more likelier than not that we will see a sooner increase in rates, but that is not pushing a great in the treasury market today p ushing up rates in the treasury markets today. We are seeing a steep decline in oil. Leg down coinciding with the leg down in stocks, breaking below 40 per barrel for wti. Earlier