Good morning and welcome to World Wide Exchange on a thursday on cnbc. Im sara eisen. Along with don chew who is in for wilfred today. Good to be here again. Especially on a golf story. Lets check in on Global Markets and show you what futures are doing. The dow closing higher by 40 points thanks in part to apple and goldman sax. The losing streak is done. It continues this theme where it was minor losses and minor gains and it looks like equity futures just slipped into the red. They were higher this morning. By all of four points on the dow. Very flat markets overall like you said. The biggie tomorrow the government jobs report for the month of july. Yields slowly creeping higher. 1. 54 is the yield on your 10year. Some selling of treasuries along with selling of stocks. Just like the stock market, we havent seen a huge amount of selling pressure. Weve seen yielding higher over the last couple of days. Not a lot, but still like you see there yields ticking ever so slightly higher. Lets take a look and the see whether were getting cues from the european markets right now. We are seeing a bit of a Positive Side of things if you want to call it that. The dax in germany up. The cac in france the ftse 100 very flat ahead of that very important Interest Rate information and perhaps kind of forecast. Decision where they really hinted there is action coming the question is what. They call it super thursday. Its not anything primary related, but has to do with Interest Rates. The ftse mib in italy up. 80 . We did see a little bit of strength in one key market. Thats japan. You mentioned it over the past few days the yen a huge driver there. The nikkei up trading today. The shanghai composite up. The hang sang hong kong up. Oil dipped yesterday and went bovp it. Its absolutely flat now. Wti hovering around 40 level. Brent inching towards 43 a barrel. We saw strength in dip in gasoline inventory. It was the dip in gasoline that folks say turned the price of oil around headed higher. As for the u. S. Dollar, it has been weakening over the last few sessions. Lets show you what its doing right now. The pound is weaker and thats what youre going to be watching today into that Interest Rate decision from the bank of england and any action that is announced pound weaker if there is if for instance a qe program announced. Depends how much is baked in already to the price, but the weakening of the pound would signal that it would be a surprise at least. There certainly a number of strategists and analysts out there not expecting additional qe measures to be taken. Maybe just the Interest Rates now. Catalyst for markets especially in rates globally. You can see the pound reacting that way. Dollar stronger against the yen too. 101. 41. That is a better tone. It did help lift japanese stocks. I want to show gold prices rights now. Every time we talk about the dollar and currencies goeltd is certainly part of the equation. Down about half a right now. 13. 58 well call it. 1357 the last reaction. Also lets watch todays jeagen. Weekly job claims out. Initial filings are expected to hold around 265,000. At 10 00 a. M. Look for june factory orders. The bank of england is holding the policy meeting today. The decision due around 7 00 a. M. Eastern time followed by a News Conference at 7 30 eastern time as well. Then dallas fed president rob kaplan speaking in shanghai in the next hour so a full packed calendar on the macro front. On the earnings side of things, kellogg and vie come reporting before the opening bell. After the closing bell well hear from activism blizzard. Todays corporate story, tesla the electric car maker reporting a loss for the Second Quarter. Revenue also mist missing estimates at 1. 5 billion. That was 30 higher than that number was last year. Despite the miss, tesla speaking to ambitious plan that calls for creating 80,000 cars in the 2016. Elon musk addressing those goals on the Conference Call last night. Were aiming to do internally is to do better than 2,000 a week in sales and delivery in q4 combined. I feel fairly optimistic about achieving that goal. Yeah. I think our core business is actually doing quite well. So the reassurance that they would be able to ship 50,000 cars on the second half of this year along with the 500,000 number in 2018. Reassuring you might have thought with the big head line miss the stock would go down. No. Beats to its own drum. And traded higher initially. Sort of was all over the map a bit and a small move higher. A company thats considered visionary. I like what happened with amz. Com back in the day. Amazon. Com back in the day. Always given a pass. It turned the Revenue Growth. It did, youre right. This company had a history of yes, delivering, but the timing. Correct and theyve run into production snags here and for. Again i would point out were seeing the muted reaction. For a stock in tesla motors its down 6 . Its down about 13, 14 over the course of the past 12 months so it hasnt participated alongside many of the other stocks in the market. So tesla, yes a muted reaction as you pointed out, but maybe some investors giving it more time. Remember all of the hypes surrounding elon musk coming out with that master plan part two if you will, and maybe thats the reason why investors are saying okay well wait and see what happens. You have this ambitious production goals we will sate and see if you can dlifr on them. The cash burn was a little less than expected. Still 144 million. Tesla not the only stock to watch today. The Media Company shows higher affiliate revenue revenues, but film studio remained a weak spot. Launching a Share Buy Back program. Heres lock plan murdoch on the Conference Call. Released clearly fell short of the expectations we had going into them. It is our goal to be far more consistent with this output. Lets move on to square. Uptick in sellers revenue beat and revenue guidance for for Current Quarter that was inline for general wall street estimates as well. Walk into an apple store and see the nfc and contact list and chip card reader right away definitely helps continue to push a lot of people into the square ecosystem. A check on square shares there at least in the premarket showing a little bit of at least some signs of strength. 15 for a stock who has seen weakness overall. Earnings pliszed by a lot as so did revenue the shares off 4. 35 in extended hours trading. Some other movers here, jack in the box fast food chain beating on the top and bottom line. Shares rising despite weak earnings guidance. Raising significantly more than 7 . Toyota reporting a drop in profit as the strong japanese yen flashed earnings. Sales also fell weighing on the results. Siemens Energy Division helping to bolster its results. Apple ceo tim cook taking to twitter to announce a milestone. Tweeted last month apple saw highest ever billings and money paid to developers. During apples recent Conference Call. Apple has shown strength when it was on the back of the better Earnings Report or the didi uber news. Apple is a little bit back in favor these days. Or in anticipation of what could be a favorable cycle for the iphone 7 as well. Apple shares up nearly 12 pkts. It was hovering below for quite some time. Obviously a very big big component for the dow and the s p 500. Also now, ackman selling. Sparking a turn around in a statement he says Canadian Pacific has completed an incredible transformation. As for the share reaction there, you can see off 2. 25 . A sharp decline in Second Quarter profits and revenues because of lower shipping volumes overall. Part of that transportation story. Certainly ones to watch in addition to just the airlines. Turns outs july was a good month for hedge funds. Posted best you returns of the last month as stocks rebounded. Here are the best performers. Her cat toe capital management. 2016 has been a sdointi in disappointing year. Most of those july gains stlung the losses for the year. First Hawaiian Bank which is controlled by bnp. Giving the company a valuation of around 3. 2 billion. This is the largest bank ipo in the u. S. Since the royal bank of scotland spun off citizens financial back in 2014. First hawaiian saying it sold more than 21 million shares at 23 a piece. Thats at the top end of the range. It will begin trading today under the symbol fhb. When we come back, the bank of england expected to cut Interest Rates for the first time in seven years today. Well take you to london and talk about the likely Market Impact next. Mr. Clean gets tough on dirt and grime and grease in just a minute mr. Clean will clean your whole house and every room thats in it floors, doors, walls, halls hes so tough, he cleans em all mr. Clean [suspensful music] good morning. A developing story to tell you about out of london this morning. A 19yearold killed one woman and injured five other people in a knife attack late last night. A man was arrested minutes after police were called. He is now in police customer in a hospital with early indications suggesting Mental Health may have been a factor in this case. The investigation is at an early stage. Police say terrorism as a motivation is a line of inquiry they are exploring. Certainly a developing story to watch there. Also coming out of engine language the bank of england meating right now a policy decision due around 7 00 a. M. Eastern time. Our own julia chatterley joins us live from london with a prove. I guess the expectations have to be set right now. Tell us what exactly people can expect to hear coming out of mark carney the governor of boe. Good morning guys. The bank of england widely expected to cut rates today for the first time in seven years. That cut has been fully priced by the rates market because of course mark carney effectively backed himself into a corner hinting there would be easing this summer when he spoke after the brexit vote. I think you should expect a bounce in sterling if he doesnt cut, but the bigger question here is what else can he do . Some analyst think he might increase the bond purchase program, the qe program we had in the uk by 50 and 100 billion pounds, but guys with bound yields so low, the bigger question is what good will either of these measures do. We spoke to the chief of one of europes biggest insurers aviva and he was skeptical about the process of easing and the impact it will have. Im just not sure what a rate cape is trying to achieve. Youve already got low rates. Is it really going to stimulate it . Its a confidence issue. What im hoping for is a wider passage from the government stimulating things like infrastructure. So guys, in that vain, watch mark carney for a nudge to the uk government here regarding the need for more fiscal stimulus too. Hell also want to keep some powder dry in case some of the real data comes through. So far weve seen survey data. Lets get the real stuff through and get a sense. Watch the inflation forecast today. Remember weve already had a lot of easing in sterling so that is efekts ill helping the uk economy in easing of its own. That has higher inflationary impact. All things to watch today. And the survey data has been pretty abysmal when it comes to the tale of the economy. When we were there, there was a lot of noise, a lot of political noise about mark carney. He was getting some grief for weighing in on the brexit vote. And being too political about that. Has that blown over . Its an interesting question, sara. He suggested it will be a catastrophe on the uk economy. Theyve had to roll back, havent they, but i think the government now is more focused on not hitting deficit or surplus targets here. Theyre going to provide more fisc fiscal stimulus. Providing more stimulus here as well, but also dialing back a bit on the fear factor that was introduced ahead of that vote. Well see what he comes up with today. All right. Thank you so much for that. Certainly a big market catalyst coming up. Coming up on our show, is it a business bogey. A big deal in the industry. Youre watching cnbc first in business worldwide. Whats it like to be in good hands . Like finding new ways to be taken care of. Home, car, Life Insurance obviously, ohhh. But with added touches you cant get everywhere else, like claim free rewards. Or safe driving bonus checks. Even a claim satisfaction guaranteeeeeeeeeee in means Protection Plus unique extras only from an expert allstate agent. Its good to be in, good hands. Welcome back to World Wide Exchange. Good morning. Lets get you up to speed. Market action futures down barely. Nasdaq down 6 after a minor rally. At least reversing the sevenday losing streak for the dow yesterday. Political news this morning theres mountsing pressure for donald trump to tone down his campaign for republicans to denounce him and the republican to explain cash overnighted to iran possibly. Reporter donald trump is trying to link that cash to Hillary Clinton even though that payment went out years after she left office, but republicans are glad at least now hes focusing on her instead of focusing on them. Love in that room was so incredible. Praising military families after publicly criticizing one. Today veterans in washington will pressure republicans the denounce him. Theres nothing hes going to do to dissuade me from voting for him. No way. The party may intervene over refusal to support top republicans. They rather him focus on Hillary Clinton. Trump claims shes initiated negotiations for a 400 million cash payment to iran. As far as i know it had nothing to do with any hostage swap. It happened years after clinton left. The Obama Administration insists the payment was for a cancelled contract. Not ransom. It is not. Was not. We said that from the beginning. Folks, how stupid are we . Essentially put a price tag on the head of every american traveling abroad. Clinton is focusing on trumps businesses. I really would like him to explain why he paid Chinese Workers to make trump tides. This is one of them. Its got his name on it. Of course. Reporter she tours a Small Business in lolas vegas today. Her lead shows her with a ten point edge of trump right now. Tracie potts, thank you for the news. Moving to the olympics. The Opening Ceremony is just a little more than 36 hours away. The torch made it. A small number of small protests again have marred the arrival of the torch in recent days. Its wound through rio and several or brazilian cities. Last week a group managed to swipe the torch and put on the flame. Again the Opening Ceremony not until tomorrow, but the games in rio are already underway. The u. S. Women soccer team playing the opening round match against new zealand last night. Alex morgan would ood another goal in the second half. The u. S. Winning 20. Up next for the reigning world cup, they play france. Go team usa. We love them. Good luck. Also on the sports front, nike gets out of the club business. Narrowing the focus to just apparel, footwear, and partnerships with the progolfers. The move comes as the industry is struggling. Golf is the smallest category for nike major aoverall. Tiger agent tells cnbc that woods has a longterm relationship with nike and will continue to be a loyal Brand Ambassador overall so meantime, youve got that front. Then youve got adidas another huge company reporting Second Quarter earnings this morning. The German Company seeing improvement in the golf business. Thats taylor made adidas. Was looking to sell that business which includes the taylor made brand, that sort of thing, so certainly nike and adidas two of the sportswear in the world. Nike has been associated with several big name athletes throughout history and most importantly, michael jordan. Signed jordan to an endorsement more than 30 years ago and report dlif still makes 100 million a year off a shoe deal. Nike cofounder told jim cramer it is not easy to identify the next michael jordan. Our endorsements at nike we use a very sharp pencil and we pass on endorsements from time to time. There was a great soccer club in europe and we said its too much. Not worth it to us. You can read about a lot of money for endorsements including michael jordan, but hes absolutely worth it. As is lebron james. The company has its eye olym if you havent read his new book, shoe dog. That is the book of the summer. Put it on your reading list. Kim kardashian, still loyal to the blackberry brand. Theres now word she may jump ship. Why straight ahead. Watching World Wide Exchange sfi first in business. Its not an anti aging face cream its realizing beauty, doesnt stop at my chin. Rocs formula adapts to delicate skin areas. My fine lines here, visibly reduced in 4 weeks. Chest, neck and face cream from roc. Methods, not miracles. Good morning. Sit decision day in london. Bank of england Decision Just 90 minutes way. Tesla, square, herb lite, nike, round up of the big movers coming up overall, plus pokemon go finds its way tole brazil just in time for the olympics. Youre watching World Wide Exchange on cnbc. Good morning and welcome back to cnbc. Im sar eisen and don which you here. Weakness, its marginal. S p futures indicated to open down by all of 2 points perhaps. The dow jones off by six points javr all and the nasdaq down by about 7. Maybe not so much the equities from europe because we did see at least earlier on a little bit of strength coming out of european markets. The german dax up by twothirds of one . The ftse 100 in the uk awaiting the big Interest Rate decision from the bank of england. Just about flat. The foot might be ftse mib in i had of