Good morning and welcome to world Wide Exchange. Im sara eisen. And im wilfred frost in london. Last nights attack in the coastal city of nice marks the third terrorist attack on french soil in less than two years. It comes just eight months after the rampage in paris. Well have the latest on horror that took place on frances bastille day in just a few moments. Another difficult morning wilfred, but first lets check on the markets for you. U. S. Futuring giving back some of the gains. We have gone on though for five sessions in a row. Closing at another record high for the dow and s p. Little action in the futures action. Dow futures down five. S p down three. Nasdaq down three. A heavy data dump in the u. S. Marked by retail sales later this morning. As for the 10year treasury no yield. We have seen them move in the complete opposite direction this week. That has pushed yields up into the 1. 50. Were sitting at 1. 53 this morning. Lets check on the markets in asia. The figure showing China Economy going 6. 7 . Slightly better than analyst had expected. The reaction as you can see relatively muted. The shanghai market ending flat for the week. Shanghai up around 2. 2 . The real gainer for the week was the nikkei up some 9 following talk of more significant stimulus and the yen moving the direction. Its up 7 today. Lets look at the european trade. Theres been some reaction to the terrible attacks in the south of france. Not too significant. You can see rights across the screen. Less than half a percent. France is down just over a percent. It has been a strong week in europe as well. Up 3. 4 for the week. Germany doing particularly well up around 4 as we stand for the broader week. Wilfred, the yens biggest weekly drop in 17 years, really setting the tone of japanese stocks and sentiment around the world. As for the Broader Market picture right now, let show you the commodity trade with oil down 1 . Brent down a percent as well. Wti hovering above 45. Brent above 46. 46. 87. As for the currency market. The british pound having a good week with the introduction of theresa may earlier. 1. 3417. Continuing to push higher away from the lows ewe saw. As for the dollar yen, thats has been the mover of the week. Its going the other way a bit this morning. No, actually weaker japanese yen continuing up to 106 almost. Better for the japanese stock market. Stronger euro, 1nt 1135 and gold under a little bit of pressure. Its higher this morning, but just barely. Still, holding near its highs for the year. Now to this mornings top story. At least 84 killed after a truck driver drove into a holiday crowd in nice. Ed to forensic investigators are examining the scene and our chief International Correspondent joins us now in studio with the very latest. Thanks sara, at least 84 people were killed when the truck plowed threw people. French Officials Say another 18 are in Critical Condition after the attack and witnesses in the resort city described a horrific scene. Drove up onto a crowded sidewalk and ran down people for more than a mile. Police eventually killed the driver. This appears to be the work of a loan assailant and identified as a 31yearold frenchman. Officials have not yet confirmed that. Frances president described it as a terror attack and said the nation will extend the state of emergency. He is also calling up rebooks reserves of police. Came a day after suicide bombers killed 130 people in paris. France, dealing with this horrific situation. I think the third since january of 2015. When you include Charlie Hebdo and paris, and then the two days after Charlie Hebdo remember the attack on the jewish super market which they put altogether because they believe the same group of attackers. And french president hollande out last night. A familiar and uncomfortable position for him. They have been stepping up the bombing on the islamic state. They have and running this state of emergency ever since paris. It was set to expire the military teams on the ground there are said to be looking to end it, but now clearly theyre going to have to keep it in place. It comes in the wake of a report that came out which was equivalent of the 9 11 commission in the United States. They did it in france on a smaller scale about paris. They felt a lot of those patrols and what they had set up in the wake of it wasnt helping at all and wasnt increasing the amount of security in the country now with the result of whats happened in nice, thats going to focus in on that question a lot more. How do you protect people . Its so random. This was a celebration. Like a french independence celebration. Equivalent of. And a truck drives into a crowd. It seems like a whole new danger that isnt even considered. A lot of people have pointed out even without there are very strict gun laws. Apparently this truck was loaded with arms and grenades, but many strict gun laws, but if someone is determined to do something, they are going to. Wilfred, absolutely right, very hard to protect against these types of things as you guys touched on president hollande confirming it wassen undeniable terrorist nature. France has really led the air attacks on syria and iraq from a european perspective alongside the United States and president hollande hinted add needing to step those attacks up further. If we look at the Market Reaction, stocks taking a hit on the news. Shares of accor. Easy jet. France airlines all slipping. Down close to 4 . Overall, as we suggested, the reaction across the markets not too pronounced other than those specific sectors. U. S. Traded airlines that travel overseas also down in premashlgt trade for the u. S. Airlines. You can see there around 1 to 1. 5 . Alongside air france down a little more than that. Its a busy day for both Economic Data and Earnings Report here in the u. S. Session. June retail sales and Consumer Price index out. Thats followed by Industrial Production at 9 15 and the first v. Kashkari and bull ard williams. Speaking on the economy as well. Earnings really heating up. Were in the middle of bank earning season. City group and wells fargo reporting before the opening bell. Also hear from others. After a better quarter and very well received by shareholders yesterday by j. P. Morgan. Absolutely right. Financial performance, s p. The best performer off the back of that. Well have to wait and see if the rest of the banks can match it, all banks did so perhaps a little room for them to disappoint today given that. Well wait and see. Investors rushed into domestic shocks in the latest week. Seeing their first inflow since late april. According to new data, funds took in money. There was heavy buying of etfs and funds focused specifically on domestic equity. The japanese app line surging. Sharing began trading in tokyo today and the offering was well received there as well. Ending the trading day 32 higher. Our chart does not appear to be right. It also debuted on the New York Stock Exchange yesterday ending higher by about 30 . The Indian Software expor term reporting more than 14 rise. Info sis. Infosys. The bid for yahoo core internet businesses are due on monday and the board will make a decision soon afterward. This all according to the new york times. Con ag ra naming a knew chief financial officer. Conagra will take the job at the end of august when the current cfo retires. The chinese internet giant announcing a merger. The terms of the deal werent disclo disclosed, but the new company will reportedly be valued around 6 billion. Ten cent up today. Xerox rejects donly merger. When we come back, president ial hopefuls in this country react to the tragic attacks in france. We take you to john harwood in washington next. 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Were looking at slight declines in the premarket right now. Weve lost a little bit of steam in the last hour or so. Gains we are seeing in asia, but not in europe. Europe just below flat. Gdp data out of china this morning. You nis joins us now with a breakdown. Thank you so much. China had a steady second quarter. Hinted this was going to look similar to the first quarter. And actually came exactly the same. Much of the growth was in the june data. The industrial output and retail sales figures came in better than expected. The fix Asset Investment tapered off a bit. In the property sector that was raising concerns here because the revival in the property sector especially in the large cities has been credited with helping china avoid a hard landing. Much of the growth was driven this time by credit as well as an increase in Infrastructure Spending. In fact what was interesting the private Sector Investment came in at a record low. That again is raising concerns that the economy might not be so sustainable with the growth. The authorities said today they saw further downward pressure on the economy because of the uncertainty around brexit on the global economy. That the other factor they said was they had decided to release yet another trench of Infrastructure Spending to the tune of 30 billion which should help offset some of that falloff. My only question, was this already baked in you didnt see a Market Reaction. Its been a strong week for hong kong and japan, but really little action in the chinese stock market and currency. Well, no, i think that it was baked in. A lot of people were expecting to hear that we would see 6. 7 or 7. 6 so because of that it will Market Reaction just wasnt very strong. Thank you very much for recapping the all important gdp number. In u. S. Political news, donald trump had scheduled an announcement of his vp pick this morning, but he did cancel the event in light of the nice terror attack. This was an extraordinary reaction. Donald trump had been all set to announce his vp choice by all accounts according to what Senior Republicans said they had been told by the campaign and what they had told me was that mike pence, the goemp of indiana, was going to be the choice. In fact mike pence had flown to new york to be present for that 11 00 a. M. Announcement and after the nice tragedy, donald trump put out a tweet saying i postpone the announcement. We do not know when that announcement is Going Forward. We do know for mike pences standpoint, hes the governor running for reelection in indiana, he has to file papers by noon withdrawing from the race if republicans are going to field a substitute candidate for him. So thats one time boundary and the other time boundary of course is the Republican Convention begins on monday in cleveland so were going to see how quickly donald trump restarts this process and whether or not he shuffles the deck. Theres been a lot of question about the firmness of his decision. He in fact went on fox last night after the attack in nice and said i havent made my final final decision. So were going to have to see how that goes. Hillary clinton of course isnt under the same pressure. She put out a statement saying we stand solidarity with the people of france. The vp is quite a different tone from donald trump in reaction to is this sort of terror attack. Honestly, its a little bit hard to understand in the sense that you know a couple of political veterans yesterday were saying in a normal circumstances, you would have the candidate and his Vice President ial choice come out sdmiet the terror attack and say this is the team thats going to fight terrorism on your behalf. Donald trump didnt to that. This is an extraordinary campaign. He decided to put it off and were just going to have to see what the next move is. This is an unpredictable candidate. I would just point out that Donald Trump Tweets say a lot. Which the First Response was very trump esk, another horrific attack, many dead and injured, when will we learn. Its only getting worse. There was that. Then two hours later he did put out a tweet saying my prayers and condolences to the victims and families of the terrible tragedy. We are with you in every way. And seems to me to be the tone, the shift in tone from trump as he enters the general election and responding to the criticism he doesnt do that enough. Yes, and with that second tweet, he matched the tone of what Hillary Clinton had expressed, but he did when he phoned into the Television Show on fox last night reiterate im the law and order candidate. He has a belief that hes expressed multiple times when tragedies like this occur, and, of course, weve seen them repeatedly in paris and San Bernardino and ornd and other places. That gav at a tiravitates suppo youve seen that calculation in some polls that donald trump leads Hillary Clinton on certain characteristics of being president , but overall trailing. In fact we have a new set of battleground polls in florida, virginia, colorado that show donald trump trailing significantly by Hillary Clinton. So that hasnt worked dramatically for him. Of course though is a new event and one that presents the kind of danger. Every one of these events underscores a different danger as you all were discussing a few moments ago. Driving a truck into a crowd, theres an infinite number of soft targets where Something Like that can happen and whether this changes the mind set of the american people. The American Voter has we head into the election. We just dont know. John, thank you very much for joins us this morning. Sara, the only thing i would add, of course, on the back of that is there are president ial elections in france next were as well and no doubt, big implications for those elections. And the last two attacks, hollandes popularity went up a bit. Well see what happens as the strategy with the french president is taking continues to seem ineffective as these become a reoccurring theme. I think nine months is the first election there. When we come back, much more on the markets. The dow and s p on a fiveday winning streak. Thats actually the best streak of the year. Industrials, staples, hitting new highs. I want to give you the weather forecast. Sara and wilfred, we wrap up this workweek with a front that has gone through the northeast. It was a warm front. It brought thunder storms and warm early temperature. We will see temperatures warming up and the heat index will be higher than the numbers you see. Southeast heat and humidity. Thunder storm will fire again today. Memphis area here, tennessee, today will be a drier day for them, but the heat will be on. Plus thunderstorms are back into the picture across the front range. If you want to cool off, go to the northwest. Go to the great lakes. Temperatures only in the 70s. One or two day cool down then it heats up next week. World Wide Exchange continues after this. Olay regenerist renews from within. Plumping surface cells for a dramatic transformation. Without the need for fillers. With olay, you age less. So you can be ageless. Olay ageless. Welcome back to world Wide Exchange. Making headlines this morning, Warren Buffett has donated to the gate s foundation. Its part of his plan to give away nearly his entire fortune. 19. 6 million shares. He typically makes his donations in july, reducing the number of shares he earns by 5 from the previous dwreyear. The charities usually sell the shares. Pokemon go has barely been out for one week, but Hillary Clintons campaign is using it to their advantage. Planning to hold a Campaign Event at a pokemon go gym in ho over the weekend. Join us as we go to the pokemon stop in madison pardon me. Get free pokemon and battle each other while you register voters and learn more about Hillary Clinton. She actually mentioned it on the campaign trail as well. Go to the voting booths, get out the vote. Tmobile want tots help users catch them all on a budget. The carrier set to offer free unlimited data for one year as part of tmobile tuesday give aways. Ready to catch them all . Along with the photo of himself inside the augmented reality game. Lots of businesses and even politicians. Will frez capitalizing on this phenomenon. Arrived in london just yesterday was there. In fact in and around when our show started. Its here. I havent used it yet. A lot of people talking about it this side of the pond as well. Lets get to sports. Phil mickelson continueses to hold the lead. After he began the tournament in nearly historic fashion. He shot a 8 under par with eight bi