Good morning and welcome to World Wide Exchange on cnbc. Im sara eisen. And im wilfred frost. Plenty to cover this morning and well do that in just a minute. Da day three of the republican convention, make America First again. Donald trump is now the official gop nominee. Among those scheduled to speak tonight in prime time are former rival ted cruz and marco rubio. Well have a live report from cleveland a bit later this hour. Welcome back from the land of brexit. Its good to have you back. Its moved on. Its not the land of brexit. Its the land of changing of the guard in uk policy. Lets get a global check on markets this morning. Looks like the gains are set to continue. Its been a bullish session. You left wilfred and the stock market shot right up. Dow futures up 62. Up six. Nasdaq up 23. The s p actually did pause for the rally yesterday, but the dow did manage to close higher for an eighth session in a row making a new alltime high following in the footsteps of europe this morning. Not quite the enthusiasm youre seeing in the market. Certainly well off those record lows. Nothing in the way of Economic Data today, but we will get to more later in the week. In general the economic surprises have been positive. The city striez index is at an 18month high. Thats something we have not seen in a very long time. Interesting point you made on the bond market. In the uk the market hasnt really done that. Thats yields close to record lows. Thats one of the reasons we saw the pound in the last couple of days. European equities in the green. This being not as positive as last week, but looking at significant gains. Around 1 for germany and france the ftse 100 up just shy of. 5 . Looking at gains. Hong kong up 1 . Straights times up almost 1 . Shanghai down around. 25 . As for the currency market, the british pound was weaker yesterday and reserves that this morning. Hovering in these levels, 1. 32. I think the pound obviously got a rally last week when we didnt see the cut in interest rates. Weve seen it come back again as people are really sure were going to see easing in august and chancellor say store manager fir the first response. I was was a print strong hint from mark carney. As for the dollar yen i would point out stronger. Also overnight the chienz currency jumped which we know Global Investors like to see. Lets just quickly show you the euro dollar as well. It is weaker dollar strength. At a fourmonth high. The u. S. Market is rallying alongside that as u. S. Data and earnings have all come in better. Were seeing this sort of asset rally dollar in stocks. See if it can continue. The oil picture, not a lot of action in oil lately. Stronger this morning, but just by a quarter of percent. Gold quickly has come off of its recent highs and is down again a little bit. Modest losses this morning. Yesterday closed at lowest since may. Not a 2016 low were looking at, but somewhere away from that 50. 45 to 50 region. Lost a bit of steam. Tech has been a bright spot in the market this week. It has indeed. Worth mentioning the earnings in general. Morgan stanley will round off the banks today in the big banks and theyve been much better. Go Goldman Sachs a decedent performer. Microsoft reporting better than expected results. Switched the firms focus from pc sales to the cloud. On last nights earnings said that strategy is paying off. Lets get into is specifics of the intelligent cloud, an area of massive opportunity as we are clearly one of the two Enterprise Cloud leaders. Companies looking to digitally transfer need a trusted cloud partner. As a result the revenue grew by more than 100 this quarter. Thats the first time annual sales have fallen since 2009, but the shares up about 4 premarket. They liked it despite that revenue. Its amazing they can be offsetting the declining pc market at all and the cloud is certainly doing that for him. He is receiving a lot of credit as he should for taking the reigns of this company. He was looking at mobile. Made that 9 billion acquisition of know kia. Now is proving the cloud transition as worked. New york times putting it is only real contender to amazon when it comes to cloud dominance. We know aws has been dominant and growing. Europes Largest Software Company posting a 73 increase. Lower restructuring cost did help that firm along with growth in the Cloud Business as well. Strong growth in the high margin passage software license. Hasnt seen an impact from brexit so far. Yes, we were aware of the brexit issue. No, there was no impact from it. And this follows history. When there was the greek debt crisis or china global crisis, we seemed to be in the mix of growth because they need our software to navigate through these choppy waters. Makes it a very resilient asset in the software industry. Lets look at the share price reaction. Positive. Investors like the news. The stock up about 4 . The pokemon rally taking a pause as giving up some of their huge gains following the record breaking success of pokemon go partly because of reported delay in japan. Game developer planned to launch there, but cancelled out of fear that hype for the app would overload services. So lost quite significant today. 12. 6. Look at that chart. It hadnt realized it didnt launch in japan yet. Have you played. Youre way behind. A lot of people playing it in the uk. It only launched when i was over there. Thats what happened here. It swept up a lot of people. Have you played. I have not. Its very much a presence in my household. In other Corporate News that everyone is talking about roger ailes looks to becoming to an end. Telling cnbc a decision on his future is near and it will likely result in his departure. Sued earlier this month claiming that her career was sabotaged by ailes after she refused his sexual advances. Ailes has denied the a allegations. Other reports saying megyn kelly told investigator that ailes sexually harassed her in the past as well. F fox issuing a statement saying that the investigation is still ongoing and ailes is still at work. The exit negotiations are well under way. Quite a change in tune from the murdoch. Only a year ago he resigned and said unequivocal spoupport. And such an end of anner ra for a man who created a 3 billion brand, fox news. Also stocks to watch today, inti Intuitive Surgical climbing double digits on that p intuitive hiking the outlook and shares are up 6. 8 . Valeant getting the okay from fda. That is up 4 . And discover Financial Results helped the firms numbers all be it the share is off 3 . Other names to watch today, United Continental reporting a decline. The company also adding a member to the board of directors and authorizing the repurchase of additional 2 billion of stocks. Unny lever. Chesapeake energy are being sued. That i have say the company inspired to rig for drilling rights. Earnings once again front and center today. Before the bell well get word from abbott labs, hall burton, Morgan Stanley. And american express, ebay, intell, qualcomm and mattel. Dont miss an exclusive interview with james gorman. Thats on squawk on the street. One not to miss. As we mentioned intell is reporting its Second Quarter reports. Reporter the sfreet is looking for intell to earn, but beyond the numbers. Here are three things to watch. First, pc demand. Most analyst expect outlook for the market will improve following better than expected shipments of notebooks in june. Intell accounts for the largest portion of the revenue. Could lead to a rally in the stock. Take a look at the shares of intell. They are up more than 9 in the past month. A second indell Data Center Group says this is key and should be better as it comes off much yeaeasier comparisons. It is a Growth Business as it continues that transition to the cloud and last but not least investors expect intell to chach a big porks of the mobile chip business for the iphone 7. Thank you very much for that. Another Big Companies reporting today to focus on. Nothing on the political Front National live to watch. Theresa may will host her first prime minster questions in the house of commons today. Then travels to berlin for her first overseas trip as prime minster. She will have a working dinner with angela merkel. That will be absolutely key to sense whether she can further any kind of negotiations before invoking article 50. As we follow Boris Johnson as he meets with other foreign leaders. Weve been watching that all week. Continue to get coverage abroad than anybody else. Hes behaved. Hes behaved, but not escaped. Speaking of controversy, crosswa gawker founder nick denton, hogan won 140 million for invasion of privacy after gawker released the sex tape. That decision is for peter teal who now helped fund hogans lawsuit. Pimco is shaping up the executive ranks. Manny roman is the new replace in november. Roman is a former banker. He has been the ceo of man group. One of the Worlds Largest hedge funds since 2013. Still to come, mooins pike preparing to address delegates at the convention in cleveland. When we come back. Cathys gotten used to the smell of lingering garbage. In her kitchen yup, shes gone noseblind. She thinks it smells fine, but her guests smell this. Ding, flies, meow febreze air effects heavy duty has up to. Two times the odoreliminating power to. Remove odors youve done noseblind to [inhales] mmm. 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One of the reasons could be oil prices. Yesterday they closed add a fresh low since may. Today we a bouncing back a little bit by around. 45 . Now to politics it is day three of the republican convention. Today rnc theme, make America First again. Tracey pods joins us live from cleveland. Whats on the agenda today. Reporter its mike pences day. Hes septembering the Vice President ial nomination right here on the stage. Were also going to hear from a couple of former trump rivals. Not billed as head liners, but they are on stage tonight. One more child of donald trump as the family tries to make the case hes a down to earth guy who with really understand the middle class. Reporter it was Donald Trumps family that put him over the top. Congratulations dad, we love you. I formerly declare Donald J Trump and Michael R Pence the republican nominees for president and Vice President of these United States. A divided party settles on trump with more than 1700 votes. Together weve achieved historic results with the largest vote total in the history of Republican Party. Reporter tonight indiana governor mike pence accepts the number two spot. She fights for the wrong people. She never fights for us. Reporter trumps attack dog Chris Christie creating a mock trial on stage. Guilty or not guilty . Guilty. Reporter making a more personal case, trumps children. My dad is a natural born encourager. The last person who will ever tell you to lower your sights of give up your dream. When people tell him it cant be done, that guarantees he gets it done. Tonight Newt Gingrich and rubio talking on making America First again. Reporter that is what happens here. Outside the room weve seen intense demonstrations between rival groups, but those protesters were mostly surrounded by officers. More officers than protesters so theyve been tense, but not violent. Only a handful of people arrested this week. When we come back, sports news. Tiger woods plans for the rest of golf season. National forecast from the weather channel. Hi. Lets take a look at the forecast across the country. We can see showers. Heat continues to be a huge story. Not just in parts of the strl and southern plane planes. Conditions in part os of the grt lakes against cleveland. I would expect the mix of sun and clouds. Maybe a straight shower. Atlanta 95 degrees. Out to the west, heat in the desert valleys. For la just warm times for you. Seattle 79 degrees, mix of sun and clouds. Stay tuned we have more coming up in the commercial breaks. Youre watching World Wide Exchange. Coach gilman used his cash rewards credit card from bank of america to earn 1 cash back everywhere, every time. At places like the batting cages. [ crowd cheers ] 2 back at Grocery Stores and now at wholesale clubs. And 3 back on gas. Which helped him give his players something extra. The cash rewards credit card from bank of america. More cash back for the things you buy most. The cash rewards credit card from bank of america. That i would never le become a superhero. [singing indistinctly] but i learned how to fly. Just to come back in a new disguise, and be the hero ive always wanted to be. You wont see these folks they have businesses to run. They have passions to pursue. How do they avoid trips to the post office . Stamps. Com mail letters, ship packages, all the services of the post office right on your computer. Get a 4 week trial, plus 100 in extras including postage and a digital scale. Go to stamps. Com tv and never go to the post office again. Hey, honey . Yes, dear . Youre washing that bakedon alfredo by hand, right . loudly yes, dear. Dish issues . Cascade platinum powers through. Your toughest stuckon food. So let your dishwasher be the dishwasher. This turned out great. Cascade. Welcome back and good morning. Lets get you up to speed on the market. Pointing to a higher open. Continue to build throughout the morning. Dow up 80 points. A stat worth noting here thanks to peter shack, eight days in a row weve seen the dow close higher. We have not seen that kind of winning streak in three years. It does look set to continue. Just quickly show you the currency board. Better sentiment in the weak ee japanese yen. Better tone in overall markets. The british pound has been the battered currency of the year is higher today. Oil quickly rising as well just adding to the better sentiment i would throw in there microsoft which is up 4 after hours on better results that 100 growth. Only one sector in the s p year to date is still in negative territory. Financials. Despite rallying recently. Its down less. Down only 1 , but highlights the broadness of the rallies weve seen today. Maybe Morgan Stanley can get it over the line today. Entertainment world is mourning the death of writer gary marshal. He died this morning have economy occasions of a stroke. Odd couple, happy days and,. He also acted in more than 80 shows and films including a league of their own, which was directed by his sister. Called marshal, quote, larger than life. Funnier than most, wise and the definition of a friend. Tweets calling him a great, great guy and the best casino boss in the history of film. I miss gary already. He leaves a huge void for all of those who were luck to be in his orb orbit. A great friend. So many big hits there. Lets switch gears to sports. Dont expect to see tiger woods back on the golf course any time soon. The 14 time major winner has pulled out of next weeks pga championship. The decision isnt a surprise. It also means this will be the first time woods will go an entire year without playing a major. Ti tiegers agent says he wouldnt play as he continues to rehab from his injure. Take his time, come back, and take the world by storm. Thats what his fans are hoping. I think he will. Still to come, futures are rallying, we have a ton of earnings short. What to expect on day three at the rnc. Youre watching World Wide Exchange on cnbc. Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. Good morning. Earning central. Giving a big boost. A round up what is still to come before the bell rings. New this morning, pokemon go problems. Shares slamd overnight. Your money, your vote. The republican convention, vshl nominee preparing to address today. Ice president ial nominee preparing to address today. Good morning and welcome back to World Wide Exchange on cnbc. Im sara eisen. Im wilfred frost. Very good morning from me as well. Futures higher to the tune of 80 or 90 points for the dow. 80. 99 to be precise. Nasdaq by around 30 points. Dow has continued the march higher. S p closing yesterday with losses, but very small losses and on low volumes. In general the u. S. Equities on a geed streak. European equities performing well this week. Today is a strong set of numbers. In fact theyve