Down by just over 0. 1 . In europe, in the early trading, the dax is up by about 0. 4 . Ftse has bigger gains, up by 0. 6 . Green arrows across the board. Look at crude oil prices which yesterday late were a little bit higher after numbers came in indicating there was less of a draw down than expected in the United States. Right now wti hanging in around 45. It is a lighter day for your economic agenda. At 8 30 a. M. We get a report out, the august import price report. Despite the rather boring name, its actually a pretty important measure of inflation. Import prices are expected to have fallen last month. But the big corp praorate s is wells fargo. John stumpf appeared on mad money last night and told jim cramer he will to the resign though he does hold himself accountable for abusive account opening practices at the firm. It may mean some people say that you have to resign. Jim, i think the best thing i can do right now is lead this company. Today we made actually an announcement abo
Welcome to Worldwide Exchange on cnbc. Im wilfred frost alongside Morgan Brennan who is in for sara. Happy tuesday. Our top story the president ial debate. Hillary clinton and donald trump sparring on a range of topics from taxes and trade to homeland security. Under my plan ill be reducing taxes tremendously from 35 to 15 for companies, small and big businesses. Thats going to be a job creator like we havent seen since ronald reagan. The kind of plan that donald has put forth would be trickle down economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country that weve ever had. Much more on the highlights from last nights debate in a minute. First lets get up to speed on the market action. This morning 10 out of 11 s p sectors in negative territory. For each of the three main indices, banks the worst performers dragged down really by banking performance in europe but also just a continue jays of the vola
1. 3 . In the early trade this morning over in europe, youll see that there are some green arrows there. Just like our futures are reflecting this morning, youll see the dax is up by just over 0. 6 . The cac is higher by 0. 7 . The ftse up by about a quarter. Take a look at the price of oil. Oil is what set the tone once again yesterday. Wti with its worst day in almost a month. You can see this morning its picked up some ground. Another 49 cents to 36. 99. Actually, sitting right at 37 a barrel. Results coming in overnight from yesterdays nominating contest. Im exhausted, john. John harwood joins us now with more. I probably shouldnt have waited for hawaii to get called. You should not have waited for hawaii. There is some merit to that, the idea of doing this show from honolulu. It would be a 1 00 a. M. Show, wouldnt it . Wed have the whole rest of the day free. We would. Part of the previous night free i think too. Correct. Anyway, john, im fascinated. I think maybe most fascinating
There were size an beats and lots of whiffs. Even when a company did well as we saw with googles parent alphabet, sometimes the mark punished it because the company didnt do well enough. No matter how you cut it, it is all about the earnings this time of year. And today was no different. So lets start with the dow component mcdonalds. The fast food chain Beat Estimates for the third time in a row, posted its First Quarterly samestore sales rise in two years. The driver here, you guessed it, allday breakfast. Got to love that. Shares were up strongly early but then they faded into the close. Susan lee has more. Reporter mcdonalds is proving that less is more. Its latest Quarterly Report card beat Market Expectations of profit, sales and revenue. Whats working for the company . Well, a simpler menu with fewer items for customers to choose from, offerings of allday breakfast items like egg mcmuffins and hotcakes, 2 for 5, two of their main menu items for 5, helping boost samesource sales.