Swing up to 50 points. This is going to be a bit of a wild roller coaster this morning. We are anticipating more comments coming from the president as he continues to have these meetings at the g7. This can be very far, wide ranging and a lot of things can get comment on youll see the futures potentially move around on all of this. The nasdaq is up by 82 points. S p up by 20 coming after a big down day on the markets on friday when the dow was down by 623 points that pushed the major average down for four weeks in a row and you are looking at august being a month where well see declines very likely. The only other month we have seen declines is the month of may. Ten year looks like 1. 49 . The two year 1. 45 obviously these markets keying off everything thats happening out of the g7, too lets get right to aimen javers in france at what has been a wild and memorable meeting aimen, good luck wrapping this all up for us. Reporter yeah, absolutely, becky. Let me start with the comments the
Automatic sequester cuts. Kentucky senator rand paul will offer an amendment to lower spending caps over the next decade. We expect final votes later this morning and we may also see more work on President Trumps judicial nominations. Now live Senate Coverage here on cspan2. The senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, who has created humanity in your image, look upon us and hear our prayers. Today, give our lawmakers the desire to do your will and the energy to complete the tasks that will glorify your name. That which they dont know, reveal it. That which they lack, supply it and that which they doubt, confirm it. Keep them blameless in your service, so that their lives will be living letters causing people to exalt your name. Lord, strengthen their minds for your service, so that your wisdom will permeate their endeavors. We pray in your mighty name. Amen. The president pro tempore please join me in re
Toronto with more alex china has been angry at canada since the detention of. One jew some canadians say that they have been punished with everything from the dissension of its citizens in china to trade issues now were hearing that china is putting a ban an all out ban on canadian meat whats the latest. Well i mean this is massive for canada 2nd largest trading partner were talking about china a lot of our Agricultural Products go there so this is a major hit now heres the reasoning behind this china says that canada out of canada some of the Meat Products that been sent to china had forged certificates of forged custom certificates and here is the Sticking Point and what really is taking off the chinese is the fact that rocco pommy scientists out there who probably would be really angry at my pronunciation of iraq to palming it which is the residue that was found on this meat by chinese authorities that is the issue now this stuff is used in veterinary drugs and Food Additives here i
Data out this morning was up slightly joining us for the entire hour is from ariel investments, pushing back against the earnings theme youre feeling good . Id say im better than the market is feeling. I think the market is looking for soft earnings, maybe 3 decline in earnings. Were hoping that we might get a positive number, but not as bad as the markets think lets drill down on all of the big stories. Lets start with you, bob. All three major indices at new highs. And let me show you, a nice group of Retail Stocks hitting new highs. Walmart, home depot, dow tjx, autozone. A small group of Consumer Staples breaking out to new highs. Proctor and gamble, colgate, starbucks a 52 week high for them the Payment Systems, mastercard, visa, visa the biggest gainer of the year up 36 . They have been on fire recently. Finally one last point, the vix down to 12 and change. This is sitting right near the lows for the year. Obviously august is a slower part of the year, but even so, a pretty low
Comments now a clarification reduced mr nugents comments to a very good expression of hope bloomberg cited unnamed u. S. Sources suggesting that the white house could pledge in osaka to suspend pending tariff increases in the meantime speculation over the talks is obscuring other issues on the g 20 agenda much as the terror of fight is shadowing the global economy. Canada also wants to see this trade deal get done to try to country has been stuck in the middle of a fight between the u. S. And china since its attained an executive from chinas tech giant weiwei on the request of u. S. Authorities now an all out meat ban imposed by china against canada is adding to the souring relationship between the 2 nations our g. s alex mahela joins us along with more alex china has been angry at canada since the detention of. One jew some canadians say that they have been punished with everything from the dissension of its citizens in china to trade issues now were hearing that china is putting a ba