The nikkei was off by. 10. Hang seng managed to edge higher by 1 3 of a percent. Shanghai comp down. 4 of a percent. Over in europe, take a check there. We have red arrows aside from italy which is managing a. 6 percent of a gain. The dax is down by half a percent. As for treasury yields, it seems to be in focus it has been in focus as we are waiting. Fed chair jay powell might say about a potential rate cut in july the twoyear now 1. 925 . Quite a steep rise considering that the recent low is 1. 696 . 195 on a close. Amazing yields. Obviously stretched lower in trade news, top u. S. Officials, talks back on the hill the first high level talks with the chinese counterparts yesterday. They continue to try to work out a trade deal people close to the conversation say both sides are going to continue talking but that existing tariffs could be, in their words, the new normal. Netflix is losing another high profile tv property next year friends is moving to warner streaming service hbo max.
Tells cnbc his government is opening an investigation into a report that there is a plan to devalue his countrys currency. Nobody will be happy about this but the good thing is they will not succeed. Qatar is an open economy benefits and rewards dont pay off for sodexo revenue and profits came in shy of expectations sending shares down in paris. Better news for bouygues shares hit highs not seen since 2008 as the Company Increases its gins were roughly an hour into the trading session in europe. Its ban deen a difficult coupl days in the u. S. The oil sector has been weighing in on stocks in europe, things are broadly shifting to the green. Theres a broad sweep towards the most positives for most stocks in the indices. That points to a stronger day for the Overall Index up 0. 4 . Now, just some of that has been led by the stabilization overnight that we saw in some of the asian indices. As you can see, the nikkei posted a strong overnight session, up 1. 5 shanghai a little bit weaker,
This is the song. If theyre going to pick a song, im glad its mariah ca y carey. My wife would agree welcome in to Worldwide Exchange. Good morning, everyone. Its throwback thursday, were taking you back with some holiday classics, like Mariah Careys all i want for christmas is you. A quick check on futures we are seeing at least a bit of market stability for now if you look at futures picture, the s p indicated to open up by two points dow jones up by 2. 5, the nasdaq off by 5 or 6. Weve seen a run up over the last couple of days on the hopes of tax legislation passing through Congress Everything going on there. A big deal for the markets for this morning, a bit of a pause after that bullish action. Well see what happens. On that note, lets look at our top story. Tax reform and Congress Giving final approval for a 1 1. 5 trillion tax cut tracie potts is live in washington with the latest good morning reporter good morning, everyone it looks like that may be shortlived, the victory lap
Largely in the red you can see other than spain, lets call it even for the uks ftse crude oil also important to keep an eye on, given the moves last week the tenyear yield came off. Still working off a big employment number on friday. Well see if theres follow up to that and theres wti hanging right below 44 lets get to our road map this morning. And it starts with stocks. They are coming off a volatile week that ended in the green were going to take a look what to expect this week ahead of fed chair janet yellen appearing on capitol hill wednesday and thursday and secretary Steve Mnuchin said a plan to raise taxes for the wealthy to pay for middle class tax cuts is not being considered were going to discuss what should be expected, if anything, from the administration when it comes to tax reform. And amazon prime day is upon us. The deals start at 9 00 p. M. Eastern, but will they be big enough to boost the bottom line . Do they really need anything more im gearing up 20 , up 20 . Wha
That is surging thanks to all things robotic power lunch starts right now welcome to power lunch. You can see stocks are higher right now. The dow is trying to avoid its third loss in four sessions. The s p 500 will be up for a third time if it can finish the green. Right now, its higher by five points not just best buy thats taking a beating, other retail names also getting hit dicks sporting goods, kohls, nordstrom, all off between 3 and 6 heres what else is happening at this hour tesla firing back at reports that sales in hong kong came to a halt this after a tax break for electric cars was slashed. Tesla says its business does not rely on Government Policies and the Hong Kong Government will continue to be strong. But for all you traditional car drivers, the average gallon of gas down to 2. 31. All you people in South Carolina can smile. You had the lowest average cost in america at 1. 93. More people are hitting the skies, as well Southwest Airlines says passenger traffic grows mo