In fines but the stock is up find out why in a moment and trouble in the skies boeing facing its first customer lawsuit over its grounded 737 max jet fleet and income clear deal 2. 0. President trump signaling a willingness to sit down with iran to possibly hammer out a new deal its tuesday august 22nd and Worldwide Exchange begins right now. Good morning im Courtney Reagan in for Brian Sullivan this morning. Were keeping an eye on shares of Johnson Johnson up just about 2 in early trading as an oklahoma judge finds the Company Liable in that states widespread Opioid Crisis well update you on the story in a moment it might be surprising shares being up when they are indeed found liable. Well set the tone for where were starting the morning here in the United States dow jones features are indicated lower by 26 points after we had a nice day yesterday so all three major averages indicated to open slightly lower take a quick check on whats going on in the treasury markets with the yields.
The market moving news from around the world. Joining us on the phone from hong kong is karen lee, from london, emma chandra, and here in new york is michael mckee. First we want to kick it off and hong kong come over the chief executive carrie lam spoke at a briefing following 12 straight weekends of protests in the city. Lam the government is confident we can handle a months long disturbance. I think it is a common goal and hong kong to handle this by ourselves. Alix bloombergs karen lee has the latest. Where are we at . Carrie lam speaking publicly after another weekend of violence, saying they can handle unrest without assistance from chinese forces, and that she still wants to hold talks with protesters. This comes after beijing issued its most direct warning yet, saying in a commentary on state media that the government has the Legal Authority to halt what it said had become a revolution, even though analysts still say such a move remains a last resort. There are calls now for an
Stock . Steve grasso i dont think so. Bespoke, paul hickey was on. He said a great thing about seasonality, the Second Quarter is a bit tough it gets better going into yearend i think if you are a netflix bull, this really hits you in the gut, but longer term i think you can stay long. Thats looking at the glass half full, isnt it . 2. 7 i mean 2. 7 million. It is a terrible number. Versus 5 million, the first drop in u. S. Paid subscribers ever. Thats the key. You could you could argue, you could argue that, okay, fine, wall street got ahead of itself and was expecting 5 million, they came in at 2. 7 million international, but it is the loss in the u. S. When you are facing competition and you have raised prices, that really calls the whole story into question. I dont think it is international. What i was upset with was in april theyre the ones that came out and gave us the 5 million number. Right. It should have come from their guidance, was completely wrong in april how do they not
Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields making those new kind of 15year highs, you started to see
Joseph. Were happy to have you here. Always. People have things. Its summer. If they asked me next week, i would say no, im on vacation. Even to spend time with you, i would turn that down. You know what, i take everything you say seriously, because it just makes me, right, i believe you. Yeah. Theres no reason to not believe me. Its not necessarily sarcasm. Not necessarily. Lets take a check on u. S. Equity futures. Joe mentioned towards the end of the session, we came off in the middle with the higher beyond yields, take a look at how were set to open. Look looking to lose 8 at the open, the dow looking to lose 49. After a day of declines. The dow fell 291 points on track for the worst week since march. The dow, s p and nasdaq are down more than 2 of the week. For the dow, its the first time it closed below its 50day moving average since june. Check out the pullback in technology. We have been talking about this for some time. The declines are stark. Apple, meta, microsoft, each more