We are seeing a bit of the diversions in asia. Aisasian stocks were higher. Europe a little bit slack. Above 50. At what it points to is the imbalances we saw in the oil markets being ironed out sooner than expected. Sooner than the iea was thinking. Now lets get straight to the bloomberg first word news. 2. 9 trillion investment industry may lose. Dayays the industry faces a shrinkage. The ecommerce giant is being investigated by the sec. At datalator is looking reported from the Company Single day promotion, the biggest shopping day, and how the firm consolidates results from affiliated companies. Alibaba declined to comment. Hillary clintons of a private email system did violate state department rules. That is the conclusion of report by the Inspector General who republicans an additional line of attack against the front runner as the Election Campaign gets underway. Businesses have warned of economic damage if protests in france continue. Strikes of the countrys refineries and rail
Strongly. Raising half 1 billion. The company lost its chief executive on monday. Do let us know what you think. Follow me on twitter rishaadtv, and use trendingbusiness. Weekast trading day of the in shanghai and hong kong underway in 30 minutes. Others just starting off. David is taking stock of the mood. Theres no real conviction ahead of the jobs report. Back to levels at the start of the week. Let me recap quickly. 500 above 2100, seven month high. Stocks in europe, call it flat. Europe was lower. Emerging markets flat as well. No real conviction. Volumes are light. We are welloff the highs of the last hour or so for every market open. Doing this,. 5 , not bad. We were seeing a lot more gains early on, at sense of caution out there. , that is the story in sydney, below 5300, well off the highs. Korea,pi index in session lows, 1982 is the level. Asia is looking like this. Here is the heat map. Three opening up. It is the best misleading. We are seeing gains, but claims are light. S
Our investors are throwing the baby out with the bathwater. We were asking about under armor earlier too. More on that is coming up. The socalled fang stocks, those that yuld used to be the hottest in the tech sector. Two have been losing their bite lately. Well look at whats behind the decline of their names and wherever they can recover. And well talk about the future of cable and well speak exclusively with the president of Cox Communications coming up. Meantime one of the stories that set the stage for this morning, we had home depot dropping despite an earnings beat. Courtney reagan here to make sense of it all. Hi, there. Bill. Home depot again posting Quarterly Results Strong Enough to beat analysts expectations for profit and revenue and its most important quarter of the spring. And for extra positivity, it raised its earnings forecast. They grew more than 7 in the u. S. , more than 6 when you add in mexico and canada. However, comes did decelerate each month of the quarter to
You were out yesterday whether it was sorros, icahn, these german 10year threatening the zero bound. Yeah, i did a piece on mad money when the rich people who are big Money Managers have this kind of natural disposition to being negative, we cant necessarily take cue from them. I take my cue from oil. There is no doubt about it oils under pressure today. I dont take my cue from europe anymore because i believe that if the dollar is weak, right now you cant have a weak dollar because theyre buying so many of our bonds. But i keep waiting, thats the only thing thats popping up, the dollar. I do believe the yields are a little insane in europe. This is draghi doing it and hes having some success, and that is weakening the euro. Thats his plan. But i am again not i am more constructive than most because i just think when you look at the overall profile of the earnings weve been getting of late, and there havent been that many, theyre pretty good. But i recognize weve been up a lot. And its
Higher. Up by a quarter percent. The cac down by half a percent the ftse down slightly. After the friday night release of the European Bank stress tests, they were not nearly as stressful as some thought they should be. But you did see a lot of concerning things that came out of it. You can see unicredit is down by 7. 5 . Well find out how much it could impact the u. S. Markets in a few minutes. Lets check out crude oil prices because each though crude was up on friday, if you looked at last week, it was still down by over 2. 50. Oil sitting right around 41. 60. This morning, wti under additional pressure. That september contract right now is trading just above the 41 mark at 41. 07. Brent crude at 42. 93. It may be august, but things arent slowing down. Earnings and important Economic Data, all this as the dow starts the month on a sixmonth win streak. Today, we get the july ism Manufacturing Index. Tomorrow, june personal income and spending and your auto sales numbers. Wednesday it