With the nasdaq losing almost 1 . The s p 500, we see it holding at a threeweek low, falling as low as 2050. Now recouping some of the losses and coming back down. Map functionat the i on the bloomberg, you will see what sectors are losing the most. We are seen Energy Stocks falling the most right now because oil has now fallen for six consecutive days. Now, another thing we are looking at right now is leasing companies. United rentals look at that fall of more than 6 right there. We are hearing data for may fractionallyld up on the year, rekindling concerns about equipment supply. We have other Listing Companies losing ground today. Look at the airline sector. They are another sector that are badly hit. A now see them falling for fourth in five days. American airlines now more than 4 . They have been just cut to to underperform from neutral by a banker from bank of America Merrill lynch. A say Airline Companies are very vulnerable to shortterm shocks. Seems like a lot of red on the bo
The best week since november, which is kind of shocking compared to how things looked after the u. K. Vote. Not seeing as large gains, but continuing the trend weve seen the trend weve seen in the past four years. Manufacturing data showed the biggest expansion in more than a year. We also got more positive manufacturing numbers out of europe. Take a look at the biggest gaining groups today. Consumer discretionary is leading in part on the strength of automakers, health care, industrials, and tech is also higher. And we see more expensive groups like staples and financial groups lower. Withd fiat both came out june sales and their sales are higher. Because of the strength of the sales we did see you were in suv, a highermargin product. We are also watching gold today. Gold going higher. We see the miners benefit as well. In particular, Newmont Mining gaining. Twofold froming the price of gold and from that deal. Also a lot of news and the m a sphere. Julie it has been an interesting an
Vote. Se we are basically seeing this global flight to safety. Look at the japanese yen surging to a twoyear high against the u. S. Dollar. Brexit worries, rising pressure on the bank of japan to respond with a bigger stimulus package in july. The british pound continues to hover around a sevenyear low, coming off the lows. The bank of england warning of further weakness. A pick up in risk aversion helping gold shine, up 23 year to date. And pushing bond yields lower, not just in europe but here at home. The u. S. Tenyear dropping to a fouryear low. The fed statement also part of this story. In terms of stocks, its the european banks that remain under pressure. Active discussion on which banks would be hit the hardest, especially when you consider relocation costs. Shares of deutsche bank. An alltime low. Hsbc among others down about 18 over the past three months. If youre looking for price reaction in the equity market, its those european banks. I think well see more of it as we head
With the presumptive gop candidate donald trump. Part of the republican establishment then paul ryan. The 2012 vitaminnal candidate now the speaker of the house jumping into the spotlight one day after the billionaire businessman moved even closer to officially clinch in the nomination by winning both nebraska and virginia. How much does donald trump need . Paul ryan maybe he doesnt. Meanwhile senator Bernie Sanders continues to be quite the thorn in the side of Hillary Clintons winning last night in coal country. Thats Bernie Sanders 19th victory, folks. We will ask our Political Panel exactly what the foreclosure new york senator needs to do to move on to the general election instead of having to battle two sanders and trump. Were joined by former senator byron and greg. We are live hear at this massive sky bridge alternative conference in las vegas. What we have, folks, is a gathering of some of the best and brightest minds from all walks of life. Youre talking about former treasury
Do we want more of this . Maybe not. New polls from three swing states, trump now leads in two, tied in the other. And those same polls check the issue of trust, trump is a very big winner there. You might want to put this one in the never thought theyd do it file. The republican platform will say build that wall, how about that . July 13th, 2016, what a year, what a show Varney Company is about to begin. All right, were starting with the new poll from quinnipiac this morning and what it could mean for your money. The poll have the swing states going for trump. Now, we start with ohio where its a dead heat. 4141. Look at florida, trump 42clinton 39. The swing here is extraordinary. In the last quinnipiac poll in florida, hillary was up by 8. Now shes down by 3. How about pennsylvania . Trump 43clinton 41. Whoa, interesting polls indeed. Fiscal times columnist liz peek is here and i want to address the financial side of these polls. Its the swing away from hillary anything to do with th