Now. S. Lets check on the groebl markets this morning. Show you the action after stocks fell yesterday in the u. S. For the second day in three sessions. Looks like dow futures under a bit of pressure. Not a whole lot of action. S p futures down two as well. Nasdaq futures down five. Weve got a boat load of earnings, including several key dow components including mcdonalds and apple coming your way later. Fed kick off a twoday meeting. Weve got the 10year treasury note yield a bit lower this morning. 1. 54 so some buying off of a selloff particularly in japan overnight. Those stock mashlgts we just saw in the u. S. , yes weve seen them sell off a bit yesterday, but the dow and s p over 3 month to date. Nasdaq over 5 . Similar kind of moves in europe and asia so far this month so we have seen a bit of profit taking over the last couple of days. The ftse and cac are up 3 . The dax is up over 5 month to date. The fact were seeing a little bit of selling across the screens. Most part, holding the gains. Exactly right. However we did see a bit more of a pronounced selloff today in japan. That driven by the yen, which went higher. The nikkei went lower to the tune of 1. 4 . Rest of asia holding up pretty well despite that move. As for the Broader Market picture right now t dollar maz been creeping higher over recent weeks. Taking a pause. V at least today. The euro stronger at 1. 1013. The japanese yen is stronger on diminished expectations for fiscal and monetary stimulus passage. Gets your attention this morning. The pound at a twoweek low. More expectations of easing. Different opinions on when and how that should happen. We have more data out of the uk today. Uk business lending falling for the first time this year. That data for june predominantly saying the leadup is coming. Both on services and manufacturing. Yes, thats what really cemented peoples expectations to the easing we didnt see in july. We will see at the next meeting coming up. Lets look at oil. Oil is down 4 in the last few sessions. We just broke the low on wti. The selling continues. The momentum continues to the downside this morning. Down. 3 . Brent 44. 54. Energy and gas playners europe are the worst performers right now. Bp profit outlook missed expectations and the pain is continuing. Month to date wti is down 10 . Makes the gains weve seen all the more impressive particularly when the dollar has gained as well. Those two factors, weak dollar and stronger oil. They dont apply anymore and u. S. Stocks all be it small declines yesterday, are holding on. Resilience in the face of the oil decline. You wonder how long that could continue. The slump in oil could have to do with the stronger dollar. You still have cause out there that the global glut is there. Theres just too much oil. Well see if we can stabilize in the 40 a barrel region. Quickly lets show you gold. Gold has had a pretty strong year. Higher again. Little more than 3. Want to tell you act a developing story out of japan this morning. 19 People Killed, 25 injured in an attack by an knife wielding man at a facility for the disabled. It happened about 25 miles southwest of tokyo. Japanese media reporting a 26yearold former employee at the facility has now been arrested. Police are investigating possible motives. It was a lively night in philadelphia. Democratic National Convention as the party looked to show unit, former rival Bernie Sanders endorsing Hillary Clinton for president. Despite that email leak showing the dnc worked to undermine his campaign. Any objective observer will conclude that based on her ideas and her leadership, Hillary Clinton must become the next president of the united states. Also speaking in prime time, mitchel obama. In this election and every election is about who will have the power to shape our children for the next or eight years of lives. There is only one person who i trust with that responsibility, only one person who i believe is truly qualified to be president of the united states. And that is our friend, Hillary Clinton. Much more from john harwood at the dnc in philadelphia in just a few minutes. The big question there is did those progressive notably sanders and warn manage to quell the peace of the party that has broken out. The sanders sparked revolution. Hes had trouble now convincing to get behind Hillary Clinton. A few rallies yesterday where they booed him when he asked them to back here. We knew the Republican Convention was going to be divided and volatile, but i suppose given that Bernie Sanders pulled out a while ago and suggested he would back Hillary Clinton, we didnt expect to it be quite as divided. So many no tpp signs. Did you see that. The Transpacific Trade Partnership erupting as a hot butt issue in this election. I think it was because sanders was against it. Didnt get it into the Democratic Party platform. The one person who everyone use versely adored was the first lady. She could be a huge asset. More on my must read later this morning, but first lets tell you about wall streets agenda today. The s p price out at 9 00 a. M. Followed by new home sales is at 10 00 a. M. Both expected to confirm the steady momentum building in the housing market. The fed kick off a twoday policy meeting today. That decision out tomorrow 2 00 p. M. Eastern time. Here are the earnings to watch. 3 m, caterpillar, due ponte, mcdonalds, United Technologies and verizon all reporting before the opening bell and after the close, the two bigs to watch will be apple and twitter. I would say low expectations for both. Apple as well yesterday the big move on s p downgraded it was down 1. 4 yesterday. Had a bit lowered expectations before. Have to wait and see. On that note, of course, apples earnings coming out after the bell, three things to watch. The street is looking for apple to report earnings of 1. 39 a share on revenue of 42 billion, but beyond the numbers here are three things to watch. First, the sales. Apple posted first quarterly revenue decline in 13 years. A lag in hardware continues to be an issue for apple as iphone sell haves slowed. The stock shares of apple are down 22 in the past year. The sales decline has been factored into the stock price. The stock recovers after any summer selloff in the lead off no a new iphone launch. The iphone 7 is expected to be released in september, but fewer customers will likely upgrade to the knew device and apple will continue to suffer from a slowing smartphone market. Cut the rating on apple to sell and lowered price target to 85 from 110. Thats why that forecast for guidance in the next quarter is going to be so key. Landen, thank you very much. Gilead lowers guidance. Sharings are down 4 premarket. Las vegas stands disappointing on the bottom and top line. Earnings falling 30 in declines. Makau declines still the stock bounced. Shares is of cell gene taking a hit. A late stage study of the drug disappointed. Weak refining markets. Missed profit expectations and cuts in 2016 bijt investment. Shares disappointing to the tune of 2 in london trade. Express scripts narrowed annual guidance on a dip in prescriptions. It is up. 5 this morning. Also getting a lot of attention, nike ceo nearly tripling to 46 million for fiscal year 2016. This according to a regulatory filing. The increase can be acontribute r tributed to a giant increase in stock awards. Since becoming ceo back in 2006, parker has helped the company take in more than 32 billion in sales. More than double the level when he took over. Vowed to increase nikes earnings to 50 billion by 2020. Also i would point out comes on a year where phil night, the founder has stepped down as chairman recommending that parker take over that role. This is a play for mark parker to stay on board. Gave unone exclusive intervi. He was very comfortable. Right. Amazon saying its entered into a partnership with British Government to explore drone deliveries. Working with britains aviation regulator. The tests are an important sign in confidence in britain after the vote to leave the jureurope union. The fed is preparing action against Goldman Sachs and a former employee. Confidential regulatory material was leaked to Goldman Sachs employee by one of his former colleagues. That action expected to bring a penalty of little less than 50 million. Still to come on world Wide Exchange, japanese stocks sells off. But first as we head to break, heres a look at this day back in history. 1775, the office that would later become the u. S. Postal system was created by the second continental congress, Benjamin Franklin was appointed the First Post Office general. How about that. Good. So took 200 years to become a government agent. World Wide Exchange will be right back. Coach gilman d 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. New luminous lightshows andhydrating lotiont . Pearloptics science fades the look of dark spots evens tone and hydrates skin for instant illumination. Olay luminous ageless. We are basically flat as you can see. Slight declines. Decline in apple stock. They report after the bell today. Yesterday there was a downgrade from one leading analyst, thats why it moved lower. Lets look at europe. Weve bounced back a little bit in the last hour or so. Germany and the ftse 100 up, france still down a bit. We found some momentum off lows earlier in the todays trade and europe and u. S. Showing decedent gains. We do see little bits of red on the screen like this, we are up 3 to 5 over the last month. Oil prices down sharply. Extending losses below the 43 level today. The nikkei japanese stock Market Selling off overnight. We need to know the yen and nintendo. Good morning. Yes, thats exactly it. You mailed in it. I know youll like this. Its really down to the japanese yen which has been appreciating against the u. S. Dollar. What that tells me is the markets, currency markets are trying to brace for some disappointment associated with fiscal policy or monetary policy. Bank of japan does meet this week and expectations really are all over the place. Hsbc really mailed in it when they said bank of japan will deliver a little bit of everything, but not the big baa zoo ka that some may be hoping for. That disappoint is expressing itself through the prism of stronger currency Broader Market gets hit as well. Down 1. 4 . Twoweek low for japanese equities. Thank you very much for that update from singapore, and, of course, the nikkei has been a big far terrctor for all of asi the rest of asia stllugging tha off today. If you look, you were mentioning some of the month to date stats on stocks, japan has been stronger in terms of rebound in taupes of fiscal and monetary passage there. Also that crazy move to nintendo. I know results are coming up later this beak. Pokemon is everywhere and every thing. Its paired some gains and up sharply. Bank of japan and also on friday on the European Bank stress test results. Might have cal jordan gets political. Why the basketball legend cant stay silent. Good morning, sara and wilfred. What a day yesterday for the start of the convention in p philadelphia. We saw over an inch natural of rainfall. That was a record. We also had a high of 97 degrees. A stifling day across the northeast. Flooding rain in pennsylvania even across new jersey. We had all kind of airport delays. Today looks better. Its still going to be hot though. Well see chance firefighter scattered thunder storms throughout the ohio valley. Stretching all the way back to oklahoma. Where some storms could turn severe the organized area is going to be with this system across the northern and central planes otherwise a good looking day for you. Inland from there, very hot for the fire fight that does continue. Thats a look at your national forecast. Ind a new way to keep up with the data from over 30 billion connected devices. Just 30 billion . So, a bold group of researchers and computer scientists in Silicon Valley had a breakthrough they called. The machine. The machine. It changed the basic architecture of computing. Putting a massive pool of memory at the center of everything. And by doing so. It changed the world. Its been a part of every new technology for the last 250 years. Everything . Everything this year, Hewlett Packard enterprise will preview the machine. And the future of technology will begin. See star trek beyond. Now in theatres. Welcome back and good morning. Lets get you uptodate. S p futures down one. Nasdaq down 3 awaiting many earnings and even some Economic Data points including home prices and new home sales at 10 00 a. M. Lets just show you a dow board. We are expecting some key members to report. Just before the opening bell well get word from 3 m. Caterpill caterpillar, mcdonalds will be key and after the bell, the fun doesnt end because twitter results and apple are coming later. Sara, the fun never ends, but youre right. Apple will be a big one. Right, switching focus, Michael Jordan is speaking out from the growing racial unrest in the united states. In a post on espn on the undefeated website says i can no longer stay silent condemning violence against africanamerican and Police Officers. Hes making a 2 million donation to the defense fund and the institute for Community Police relations. The nba hall of famer and owner of the Charlotte Hornets has long been scrutinized for avoiding public statements on politics and civil rights. He has been cautious to weigh in on these kind of issues so it is notable that will he is doing so. An that shall is clearly near and deer to him, his father was a victim of this brutality, but also i think, in a very sort of politically correct way, hes giving money to each side and the statement if you read it, its strong and i wonder if its going be the beginning of more were going to see from him out front on this issue. This issue doesnt have a phase that it can relate to. He commended Police Officers more widely for protecting for risking their lives to protect people every day. Lets hope it gets significant traction. Absolutely. Switching gears to players on the field we have a great catch to show you from last night. A game between the cubs and the white sox. Sending a drive deep to left field. White sox outfielder tracks the ball tall way to the wall. Times his jump, leaps and steels a home run away. Has a little rest afterwards. Very appreciative of his catch. Go onto beat cross town rivals five to four. Reminiscent of my cricket day. Steve thats is nothing like cricket. But you have to catch. Its the closest sport. Are you a cricket player. I used to play. Not very well, but i tried. I would love to see some video of that. Everything must go at the one time power lunchbox for the new york elite. Up for auction today. Shut doors earlier this month. It had been in business since 1959. Items being sold includes pots and pans copies of which are in the museum of collection. Also up for election famous barcelona chairs and tulip chairs in the ladies lounge. Its a great restaurant, ive been lucky enough to go a few times, but i would not be interested in buying from a restaurant. I agree with you. When we come back, this mornings top stories including a lineup of earnings reports. Plus well head to the dnc where bill clinton is getting ready to address delegates today. Good morning. Here comes the earnings parade. Seven dow components set to post Quarterly Results today. Your money, your vote. Michelle obama and Bernie Sanders light up the crowd at the dnc, but the party isnt without problems. A live report from philadelphia straight ahead. Plus, check this out, an historic similar flight travels around the world. Details on the epic journey, coming up. Its tuesday, july 2016, youre watching world Wide Exchange on cnbc. Good morning and welcome back to world Wide Exchange on cnbc. Good morning to you from me as well. Lets check in on the markets this morning. Futures are basically flat. In the premarket right now. As you can see the dow. Fractionally doing very little which essentially concludes they are flat. Correct. We got that. Thank you for pointing that out making sure every viewer picked up on my mistake. At least there are no zeros in there. There we go. Futures markets little bit of a decline yesterday. We are flat. Lets look at the 10year as well. Marginal bond buying. 1. 55 the yield on the 10year treasury note. Europe has been lower. It is more mixed now. Higher for the dax and ftse, but only slightly. Germany and france is down a little bit. Those markets really seeing a bit of profit taking and treading water following decedent gains month to date and earnings flicking through in europe as well. Asia as we look at things rights now, surprisingly most markets holding on to gains despite the big decline for the nikkei you can see. Japan down 1. 4 . Just one note here a group to watch in the s p today would be consumer discretion narl was the only group managed to close higher in the trade. Under armour which reports today. Really starting to get bid into results so well see if that continues. As for the Broader Markets. Energy was the biggest loser in the market yesterday and continues to be under pressure. Wti breaking below 43 a barrel. We have moved south here in the last few weeks. Brent down half a percent at 44. 50. Gnat gas under pressure as well. Part of that has been a strengthening u. S. Doll