Yellen speaks at 10 30 12 30. The best showing against the yen in a couple of years. China got an update but showing there might get you arrested. You see shipments suffering. The steepest decline in almost two years. And facebook also higher premarket. How the company is looking to crack into the Music Distribution business. First up stocks on track to open strong. We have this morning on the hopes of a new proposal in greece will end the impasse and result in a bailout deal as we get ready to wrap up a volatile week for the market and week with hacks and glitches. Its been a difficult to watch question now is what happens with this deal and even if it gets done sunday what happens then some. This deal is not as good. Merkel should hate this deal even more. The Greek Parliament the right in merkels party and the left of tsiprass party cant like this but maybe theyre not loud enough. The one thing i would point out. Yesterday i said i didnt like it. Now i said listen this rally, you kn
The Financial Times group. They say it will be the largest efr acquisition of an overseas firm by a Japanese Company. Nikkei will pay 344 million pounds. Translator i hope ft and nikkei will Grow Together based on a common perspective as global media that cover europe the United States and asia. Nikkei chairman says that in order to keep growing, the company must focus on digitalizing and globalizing. He said the Financial Times is nikkeis best partner for promoting globalization and shares many of the same values. Kita says he trusts the staff of the Financial Times. He says nikkei will respect the independence of the editorial rights of the ft staff. Founded in 1888 Financial Times is one of the worlds leading economic newspapers. Its circulation was 737,000 last year with 70 of that from online subscriptions. Nikkei issued its first paper in 1876. The firm says the total number of print and Digital Subscribers is over 3 million. The paper is suffering from shrinking revenue. They ha
Al qaeda leaders as they plotted the 9 11 attacks. An afghan official says omar died two to three years ago across the border in pakistan. The taliban says the group will release a statement shortly. Congress will question pentagon officials today about that iran nuclear deal. A Senate Committee want to know how the agreement could affect the military balance in the middle east. Yesterday, secretary of state john kerry test of ride before a house committee. All makers from both parties sounded skeptical about irans promise not to build atomic weapons. Matt microsofts new operating system windows 10 was released at midnight. It sparked a surge of computer buying but that is unlikely this time. Still, microsoft Vice President told bloomberg that this launch is very important. This is a pretty significant launch for anybody who uses pcs and wants to get things done with technology. We have had big window launches that have brought in things like enabling the internet to happen. I think wi
Jonathan it was better with cable down and the euro at 1. 17. Alix talking about cable, take a look at the gilt market. In the gilt market you are seeing yields up about four basis points. After thetively flat data out of the u. K. Unemployment and wages. Dollarmex down slightly. Aluminum missed, down 1 . David it is time for your morning brief. We will start out here in from two fed president s, bill dudley and Robert Kaplan in a discussion. U. S. Nutes later we get Housing Starts and Building Permits for september, and the Senate Finance committee will meet with President Trump. Jonathan chinas president xi jinping laid out a roadmap to turn the country into a leading country by 2050. He warns there may still be a bumpy road ahead to success. Our development is due within a great situation. Slight but our challenge is tough. Jonathan opening chinas doors to foreign businesses and monetary policy. Joining us are Tom Mackenzie and enda curran. Just run us through the highlights of what
Goldman sachs. Some pretty harsh words. We have details on that coming up here. Reversal that continued from the session on monday. Really tech has beenleading the marke again today, but underperforming over the last month. We have a debate on which names in the sector are worth buying right now. And President Trump criticizing china for its economic relationship with north korea in the wake of north korea launching that icbm over the weekend. Were going to take a look at what the president s rhetoric could mean for u. S. Companies doing business in china. Thats momentarily but first, you saw it here on cnbc the fed releasing minutes from its most recent meeting in june there seems to be some debate among the fed members about when the fed will actually start reducing assets on its Balance Sheet. Joining our closing bell exchange, we have with us, peter from the Lindsey Group steve from stewart frankel, and our own Rick Santelli is in chicago. With a fine tooth comb no real surprises.