Transcripts For CNBC Worldwide Exchange 20160808 : vimarsana

CNBC Worldwide Exchange August 8, 2016

Shes off today. Also my birthday. We share the same birthday. Happy bee late. Welcome to Worldwide Exchange from us both. Lets have a check in on markets right now. We are by a quarter of 1 as you can see. The dow expected to open 33 points higher. Friday took into positive territory for the week. Friday, took us into positive territory to the tune of half a percent of that strongs jobs number. We also saw the bond markets retookt that. Some selling of the bonds allowing yields to tick up slightly. 1. 576. The uk bond market as well. Thats been moving in the opposite direction following bank of england meeting last week. 0. 65 on the tenyear. Its moved sharply since brexit and the Monetary Policy meeting last week. Significant moves in the opposite droex what the u. S. Bond market has seen. Lets look at european equities this morning. Higher across the board. One notable piece of Economic Data. German Industrial Production rising more than expected in june. Bouncing back from a decline from the previous month. Also point out that French Business sentiment rebounding in sdwrul from an 18month low in june. In asia, overnight, new data shows that chinas exports and imports dropped more than expected. Exports declining by 4. 4 . Sis appointing data from china. Closing in positive territory. The japanese nikkei average hitting a oneweek high up 2. 4 . Both europe and asia responding to the strong jobs number that we had on friday. Wall streets gains on friday afternoon. Lets look at oil prices. 1. 5 . Wti at 42. 4. Last week, oil prices gained around half a percent. Breaking a twoweek losing streak. The dollar saw gains to the tune of around sorry. Saw gains around 0. 8 . The broader index. Today the dollar gaining against the yen. Thats one of the reasons why the nikkei was strong. Lets check in on these numbers. Slightly softer today. At 13. 36. Now to the political news. Republican president ial nominee, donald trump is set to turn his focus to Economic Policy today. In a speech to the detroit economic club, trump is expected to propose allowing parents to deduct spending on child care from income taxes as a wealthy businessman, trump will look to counter Hillary Clintons argument that hes out of touch with working families when unveiling his plan today. He will also highlight that his business policies will encourage companies to remain in the united states, which is a top concern of blue collar workers. Rival Hillary Clinton is expected to focus on her plans for the economy on a speech on thursday in detroit. So far, shes focused her plans on job creation, supporting Small Businesses and strengthening the economy. Now to the talk corporate. The trade commission on suspicion of antitrust practices. This according to a report in the nikkei. Amazon japan is suspected of imposing conditions on retailers like forcing them to sell products at a low price if they were advertising on other Online Shopping sites. Amazon not really reacting in the free market for u. S. Trade. Britains top production formal probe into airbus. Theyll look into the airplane makers use of overseas consultants and allegations of fraud, bribery and production. Thousands of delta passengers due to a system wide computer failure. Our systems are down everywhere. In response to a user complaint. Passengers have reported delays at airports including london, heathrow, tokyo and los angeles. Some more stocks to watch today. Walmart is set to acquire the online bulk retailer jet. Com. According to reports, the deal is expected to value jet at 3 billion and will be announced later today. In other news, the South African retailer will buy a firm for 3. 8 billion. Stein hof will pay 64 per share, which is 115 premium to mattress firms friday close. Its up 1. 5 in free market today. Panasonic over the possible sale of controlling stake in a car battery manufacturing ventura cording to reports. Nissan owns 51 stake in the firm that makes lithium ion batteries for electric cars. Speaking of that, tesla disclosing a 1. 1 billion in Third Quarter cash needs. The company is saying it needs the money to pay payments and go through with planned expenditures. This as it finishes construction of its massive battery fakry in nevada. Abbvie sued the farm suit al company alleging misrepresentation and admissions related to failed attempt to buy dublinbased shire. Berkshire hathaway saw profit rise. Helped by an improvement in insurance underwriting. The agenda on wall street. Tomorrow look for the first read on Second Quarter productivity and labor costs. Thursday, import prices. Friday, retail sales. This week we have one dow component and 17 s p 500 companies reporting. Well hear from them today. Tomorrow, solar city. Wednesday shake shack. Thursday, al bab i, macys. On friday, j. C. Penney. Staying on the consumer theme, drivers may want to get one last road trip to make the most of lower gasoline prices. Landon dowdy joins us with more. Good morning to you. The lundberg tracks it at 2500 stations. Heres the latest look. The average price dropping . 06 to 2. 16 a gallon. Thats 55 cents lower than a year ago. The price of it has gone down . 21. Analysts say as soon as the slump ends gas price the price of crude is declining, down 5 over the past three months. But that decline is starting to slow. So what is the city with the highest pump prices. San diego currently at 2. 70 per gallon for unleaded. Jackson, mississippi, at the low price of 1. 81 a gallon. Its down . 04 from a week ago. Landon, thank you very much for that. Gawker media is engaged in preliminary talks with hulk hogan to reach a settlement according to the wall street journal. Over 140 Million Court judgment over invasion of privacy that led gawkers to file for bankruptcy protection. This comes a week ahead of the court administered auction. Nick denton will lose control of. Your trade of the day, august can be a rough one for the weak of heart. Well bring you three most likely to profit in times of first, our twitter question. Trump is switching focus to the economy. Is tough rhetoric on free trade going to go down well . Get involved with us. Well discuss that and much more at Worldwide Exchange come ung. What i love about the tempurbreeze bed is its cool. So youre not too hot, too cold, youre just perfect. Sleep cooler, wake more refreshed, discover the new tempur breeze. Learn how you can change your sleep by requesting a free sample of tempur material. Call or click today. 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. Welcome back. Get up it speed on the market action. Higher open on wall street. Only by a quarter percent. The dow higher by 46 point. That was after fridays gains put the u. S. Indices into positive territory. Wti cloegs slightly higher. Quickly want to show you asia. Europe and asia, particularly asia have been pulled higher by wall streets gains on friday. The nikkei was up 2. 5 as the yen fell around half a percent earlier today. Seema. The socalled fear gauge, the volatility index dropping to the lowest level since last august. But this month is historically known for nasty market surprises. Using Analytics Tool can show our what might other can you remember if the vix jumped back. They tend to do well with Exchange Rate of funds. They profit in times of worry according to the gold trust and bnd the total bond fund. You can go to cnbc the equity market showing us different stories. Equity, the investors are confident in the economy. Perhaps a bit more bullish. Bonds, though, with record low yields says the investor is risk averse. In the u. S. , we started to move away from them slightly on friday as we got back to better than expected jobs number. Japanese Emperor Akihito making a rare video address to the public today. Hinting that he might step down. The 82yearold saying it may become difficult to adequately fulfill his official duties. Japans emperor has no political back. It would be unprecedented to have an emperor step down. If he were to abdicate, it would be the first time a japanese emperor has done that since 1817. Interesting to watch. In turkey, istanbul, more than 1 Million People gathered on sunday in a rally staged by president erdogan. The socalled democracy and rally was aimed to show strength after last months failed mi military coup. Breaking news out of pakistan this morning. A massive bomb went off on the government run hospital in the southwestern part of the country. Police say at least 53 people are dead and dozens are wounded. No group immediately claiming responsibility at this stage. Switching focus now. The crip toe currency explaining which lost over 70 million last week to hackers telling customers that they would lose over 36 of their assets that they had on the platform but would be compensated for those losses with tokens of credit. Hackers took yearly 120,000 bitcoins in the second biggest breach ever in u. S. Dollar terms. Still to come on Worldwide Exchange, your money, your vote. Donald trump heads to detroit to roll out his economic plan. Well talk expectations coming up. First, as we head to break, heres the National Forecast from jen carfagno. Weve had a lot of rain in store for the gulf coast. It started happening over the weekend with more than a foot of rain out around cedar key, florida. Well keep it going today. Its north of tampa along floridas nature coast. Along the Emerald Coast and destine and panama city. The rest of the southeast looking at rain still. The northeast looks phenomenal. The front is through. Humidity is down. Temperatures are up. Very comfortable thanks to that low humidity. Northwest we had thunderstorms over the weekend. Well see the risk for that today. Cloudy with 69 degrees. Windy and warm across the high plains. That trend will continue across the southern plains. Temperatures in dallas hit 1 hurnplus again today. Thats your coast to coast forecast. Im jen carfagno. 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. Strong day for markets on friday. 255,000. Beating consensus of economists. That sending the s p and the nasdaq to new record levels and futures right now are pointing to a higher open. The s p 500 indicated higher. Dow jones up 32 points in premarket trade. Investors not just on the equity side but currency as well digesting the payroll report. The euro slightly higher against the u. S. Dollar. Keep an eye on the pound hitting a low last week on the fresh strim lsu from the bank of england. The yen weaker against the u. S. Dollar. Japanese stocks hitting a one week high in todays trade. A quick look at oil. The direction of the price of Oil Following last week. We did see oil dip below 40. Entering bear marketer torrey. Here on monday, though,. Now to the olympics. Here are the highlights from primetime in rio. We saw the first glimpse of the u. S. Womens Gymnastics Team and americans swimming for gold. Jay gray has all the details. Team usa making waves in the olympic pool led by 19yearold Katie Ledecky who shattered her own world record winning gold in the 400 free. Feels good. Its great to be up there on the podium. That top spot on the podium is a place Michael Phelps is used to. He added a 19th gold medal to his collection as the mens relay team edged out france. In the gym, the american women looked almost unstoppable. Nearly sweeping the qualifying events as a team. Simone biles and aly raisman securing a spot in the individual all around competent stigs. I think were ready to compete. Theyll get that chance on tuesday while the men back in action today. The u. S. Team currently in second place. Jay gray, nbc news, rio. Both phelps and ledecky are back in the pool today and Kerri Walsh Jennings and april ross will play under the lights on copacabana beach looking to advance in the beach volleyball. Lots more to come. Absolutely. Now to politics. A new poll shows Hillary Clinton and donald trump running even among voters on the issue of handling the economy. Both are making major speeches this week on their plans to improve the countrys economic future. Tracie potts joins us with that story from washington. Tracie, good morning. Hi there. Good morning. For people looking for substance in this campaign, this could be the week. Economic details from both candidates starting with donald trump today who is now getting the support of one member of the bush family. The first bush, jebs son, is going public to support donald trump. [ inaudible ] get back up and you help and you make sure that we stop Hillary Clinton. Trump goes to the heart of American Manufacturing today. Detroit. To lay out his economic plan. Our country is losing its company. Our country is losing its jobs. Our trade deficits are massive all over the world. Trump expected to focus on taxes, energy, government regulation and trade. Avoiding deals like the tpp. Hillary clintons running mate says hell vote against it. We cant have a deal that cannot be enforced. Trump ally Newt Gingrich admits the candidates numbers dont add up. Of course not. Historically, no candidate has numbers that add up. Particularly in the media. Talk more about what republicans want to see and talk about. Jobs, the economy. Strong foreign policy. Aides say clintons economic speech thursday also in detroit will focus on the big jobs package hes promised in her first 100 days. And economy that works for middle class families, not just the rich. A new poll puts her 8 points ahead of trump. But theyre about even on who voters trust to deal with the economy. Interestingly, too, in that same poll, voters said that they do prefer clintons temperament over donald trumps. But most of them in that poll still have a problem with her honesty. Its going to be interesting to see the economic plains laid out, particularly on the trump side that weve heard in the past. Antifree trade rhetoric. Is there any indication of how well thats likely to go down . People very divided on that issue. People are quite divided. Although when it comes to the candidates, youve got democrats who are wary of this tpp. This trans pask partnership trade deal that hes talked. It will be interesting to see what he has to say on that. On a more domestic front, hes put things out there, like full child care deduction to compete with some of the things that democrats have been pushing for years. Tracie, i suppose the other area, we know its always been hard for him to unite the Republican Party behind him. How much worse is the development of the last week where actively hes got republicans denouncing him as opposed to lacking support . Sure, i think the campaign and perhaps the candidate himself much more aware of that now. Certainly his Campaign Chair said that over the weekend. He knows what direction he needs to go in. We saw him go back x backtrack and endorse paul ryan and endorse john mccain. Something even his allies said he should have done in the first place. Tracie, thank you very much. As ever, tracie potts live in washington for us. In sports news, arod is retiring. The new york yankees and Alex Rodriguez announcing his last game will be on friday. Arod has p career home runs putting him fourth on the alltime best list. Weve got mixed pictures there. Hes continued to work with the yankees through next year as a special adviser and instructor if you want to see his last game in pinstripes, prepare to pay up. Following the yankees announcement, tick iq said the average price for the game soared by more than 500 . I still havent seen a baseball game. Maybe that should be my first. You have to now that youre a new york resident. Hot dogs and beer at the baseball game. One. Bers things. Golf news, history in hartford, connecticut. Jim furyk shot a pga tour record 58 yesterday at the travelers championship. He made ten birdies and an eagle. The previous record was 59. To soccer and paul hog ber close to joining the highest ever paid. A record smashing 116 million. Crazy stuff. Its not been confirmed yet, looking like it might be any time in the next couple of days. Still to come at this mornings top stories. Delta says its flights are grounded nationwide after a system outage. A report from the airport coming up. It stinks in here. Youve got to wash this whole room are you kidding . Wash it . Lets wash it with febreze. For all the things you cant wash, use febreze. Fabric refresher whoa hey mrs. Walker inhales hey, it smells nice in here and try pluggable febreze, with up to 4 times the freshness. In one refill. Pluggable febreze and fabric refresher. [inhale exhale mnemonic]. Two more ways to breathe happy developing story. Delta flights are grounded nationwide after a system outage. A new report coming up. Walmart set to buy jet. Com for 3 billion. Announcement expected today. Box Office Winners and losers from the weekend. Its monday, august 8, 2016. Youre watching Worldwide Exchange on cnbc. Good morning. Warm welcome to Worldwide Exchange on wilfred frost. And seema moody in for sara this morning. Good morning. Lets check in on the global markets. Were expecting a higher on wall street. Albeit a small one. To the tune of a quarter of 1 . The dow higher than 30 pints. The s p by 3. 6. The nasdaq by 10 points. We had d

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