Im wilfred frost. Good morning from me as well. Lets check on the markets this morning. We eked out gains yesterday. Eked is the right word. Eked just barely moved. You can see the action is minor again this morning, but we are seeing green arrows on the screen. Dow futures up 15. S p up almost three. Nasdaq up 5. 5. Tech as you mentioned has been the outperformer. 10year treasury yield. Lower yields have really happened lately. We are seeing lower yields again. Weve come off 1. 57 where we were yesterday. Buying of treasury, buying on stocks both assets rising in tandem. This is a global fe no, maam non. European equities lets have a look at those. Pretty much flat to mixed today. Good start to the week. We did have a decedent performance in asia and europe. Today you can see a little more mixed. Germany down. Germany into bull market territory. Yesterday up 20 from february lows. Of course a bumpy ride since february to get the gains since june. Entered bull market yesterday. The bank of england meanwhile running into problems on the second day of its new bond buying plan. The boe fell 52 Million Pounds short of purchase target. We heard in the last our it will make the shortfall from yesterdays uncovered auction in three to six months time. That was a small percentage of the total it was buying yesterday, but highlighting of course that these qe programs late in the day arent that easy to execute. People had thought it would be years easier to execute. The bond buying the bank of england was forced to do just domestically has brought yields down across all of europe as people search for yield. Lets show you what happened in asia overnight. Hong kong which has been on fire closed at an eightmonth high. That strarkt has been doing well. Shanghai closing lower by. 20 . Same thing with nikkei ahead of a public holiday. Mountain day holiday. Traders will be taking a long weekend to potentially looking at a slight strength in the japanese yen and selling off that stock market. As for the dollar, strength n. Euro, strength in fact japanese yen. Watching that one carefully. The japanese yen stronger by half a percent. The euro at 1. 1147. Its interesting. It shows traders and investors are expecting an Interest Rate hike by the fed any time soon. Theyre looking at a slow and steady path leer because the dollar is weakening. The pound had a good day yesterday. Its bouncing back again today. Theyre not really pricing in any rate hikes on the other side of the bargain. As for commodities this morning lets have a look at those oil prices kbryesterday w a little softer. Soft fwen today. 42. 17 for wti crude. We had a couple decedent days of stability above the 40 level. Gold prices up a bit today. Just shy of 1 the gain. Were at 1358. Todays top story. Disney posting a huge profit held by Box Office Hits jungle book, finding dory. Did help offset sales of cable unit. As for disneys share prices, under pressure to the tune of 1. 2 . They did run up into the report last night. The big surprise disney announcing a billion dollar investment formed by major league baseball. Disney ceo commenting on the move in a first on cnbc interview with our very own julia boursen. We think its a good investment. The ability to stream on a scaled basis live sports and Live Programming is a competitive advantage and something thats necessary. We love the user interface so overall we look at it as an investment, but as a partner, as a part owner and ultimately as a majority owner, we feel it gives us an ability to jump start not only espn, but our other business as well. Joining us now on the cnbc news line to discuss the disney results, ivan fine seth. Good morning to you. How are you. Were doing okay. Were trying to figure out disney. Shares under pressure. Does this do anything to elooefluate investors concerns which seem to be consistent about espn despite what were solid results across the board for disney. It was a good quarter. It wasnt a great quarter. The studio performed very well. That came in more than 200 million in revenue. There were slight falls in parks revenue. Consumer interactive and their Media Network or their cable tv, but i think, yes, this is a good move. It puts them in the streaming business. It allows them to offer espn as a stand alone service or add it to more skinny Bundle Services so its an opportunity to gain back subscribers on the platform, for example, on the internet, not just on tv so hopefully this will start to change the trend that has existed in a slight decline in espn over the past few quarters. Is it a bit late in the game for that or did they come to this fast enough. I dont think its late in the game. It would have been better if it was earlier, but who knows if this opportunity was available earlier. Its the right thing at the right time. And companies have to transition away from businesses that are not their strength to areas that are their strength or make them their strength. I think its the right move at the right time. Down 8 this year. If you zoom out on a longer chart, its a moon shot. Whats the shortterm and longterm vision for disney stocks . It has not been a great year for disney shareholders. I think longer term they have to be able to monetize or better monetize all the value they have and their key value is in content. Content is king no matter what kind of bundle package you have on your Cable Service or how you watch things, whether youre watching on a giant screen, on a computer monitor or even on your phone. You have to have content and content is king and disney is the king of content. They keep coming out with new franchises or rebooting old franchises. The jungle book was a big hit. Theres probably nine different versions of the jungle book movie theyve come out with over the years. Dory was a huge hit. The way frozen was a hit. They have the ability to create tremendous content and people watch things over and over again. Theyll go to the movie. Then buy the dvd. But investors arent giving them credit for that. Thats where the disconnect or the opportunity in the stock is because eventually overtime they are continue to monetize these things. For example the way the studio gets monetized is people like the movies. Gets them to go to the park. Gets them to by other services. Theres a huge hay lo effect that exists for the products that make you want to buy other disney products. Thats been the iger strategy. Well see if he can turn around. Ivan thanks for joining us. Heres whats on the agenda today. Retailers will take center stage. Before the bell reporting earnings. Wendys before the bell and shake shack after close. On the economic front at 7 00 a. M. Look out for Weekly Mortgage applications. The job openings for june is out at 10 00 a. M. Eastern. And 2 00 p. M. Eastern the treasury releases. On the earnings front, you mentioned shake shack. It reports Second Quarter results after the bell. Landon dowdy joins us with three things to watch in the shake shack report. Here is whats shaking. Shake shart report earnings of. 13 a share. Beyond those numbers here are the three things to watch. First after a decedent start to the year, results could be off to a slow start as the restaurant environment gets more difficult. Watch to see if the burger joint can continue the momentum. Shares are down in the past year. Rebounded more than 20 since the previous report, but remain well off last years peak. Restaurant recession. People are spending less money eating out. And believe that was mostly due to the intersection of the chicken sandwich. Third thing to watch. Plans for expanding other places like mcdonalds have been cashing in on a morning menu. See if shake shack has plans to offer an egg sandwich. Yelp shares soaring. Posting a surprise quarterly profit and its now raising the fullyear revenue forecast. Up 11 in the premarket. Sun power getting crushed this morning. The solar warning of challenges. Including aggressive pricing by new competitors. 1200 jobs. The stock down 22 . Mie plan is backing its full year forecast. Off slightly in the premarket this morning. When we come back, your trade of the day. Tech heavy nafsdaq is on a roll we have your best bets if the index can continue to climb. See what history has to show. Well be right back on world Wide Exchange. To fit you andr budget. With unique features, like claim free rewards. Ohh customized Home Protection extra features all at an affordable price im going to live in this. In means getting more from your Home Insurance with an expert allstate agent. Its good to be in, good hands. Were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. Your Business NeedsBetter Technology to drive better performance. So you need it to be reliable and fast. Really fast. Introducing the comcast business Summer Savings event. Fast Internet Speed to drive performance, plus cutting edge wifi for your employees and customers, and voice mobility so your calls find you wherever you are. Get some of our most advanced products at a great price with over 500 in savings. Call today and ask how to get these savings plus a 250 prepaid card. Comcast business. Built for business. Welcome back to world Wide Exchange. The futures board is looking exactly like the close yesterday. We managed to ecounts small gains. That is what we were looking at yesterday. They were bigger gains yesterday. We didnt end on them. Other than the nasdaq which did close at a new high and as we look at things right now, were looking at a 0. 1 gain in the premarket. Now to todays trade on that note, wilfred, as the risk taking returns to markets that tech heavy nasdaq outperforming. Our data team crunched the numbers to search for the best trades if the nasdaq keeping climbing here. The results point to bio tech. Jumping along with the nasdaq as for the tech names that do well, apple, amazon, and google parent alphabet are the best contribut contributors. Just historical data. Now to some global news, Brazil Senate voting to replace rousseff on trial over allegations she committed fiscal crimes while handling the budgets. That subpoena expected to take place after the Olympic Games and decide whether rousseff is to be removed from office if shes found guilty former Vice President and current acting prosecute, michel temer will remain in office, until 2018. As for the currency it has been strong. What youre looking at is a chart of the u. S. Dollar against the brazilian currency. Sit the strongest and best performing currency of 2016. There is optimism the economy has hit bottom and a change in the political regime would be good for business. Still to come on world Wide Exchange. Hiemts from last nights olympics events. Michael phelps winning 20th and 21st gold medal. Extraordinary stuff. Well bring you a live report from rio. But first, heres todays national whether forecast from the Weather Channel jen carfagno. Good morning. Big changes out there and big humidity. Going feel different compared to the great whether that youve had nice kind of crisp mornings. Those are gone. Humidity coming back and bring the chance for thunder storms. Some could be big soaking rain thunder storms. Southwest we have more continuing right along the gulf coast, florida, louisiana, all going to see heavy rain. The southwest also will because of the monsoon. Moisture continuing to return there. Storm ls and possible Severe Weather up into the midwest and the heat is on. Excessive heat warnings continue to expand today. From dallas, texas all the way to kansas city. Temperatures will feel like 105 to 110 and that starts to get to a dangerous level. Plus the humidity turning more uncomfortable all across the eastern half of the country. World Wide Exchange continues after this. Welcome back and good morning. Lets get you up to speed on the market this morning. Future points higher just barely. Dow futures up. Were building on gains. S p up 3. Had4. Nasdaq up 6. 8. Closed at a new high. Well get some minor Economic Data points today. Including Mortgage Applications and the labor report on layoffs and quit rates. Also retail earnings including michael kors. Now to the olympics. If you went to sleep early you missed some great moments in rio. Joins us live from brazil with all the highlights. Good morning to you, jay. Good morning sara. Running out of ways to describe this american team, if you hadnt noticed. Usa doing really, really good in the olympics and theyre making the rest of the world notice by owning the medal stand early in the games. Last night no difference. What about the gymnastics team. Final five. Last time there will be five competitors. They go to four after these games. They dominated. It wasnt even close after the second apparatus. They were so far ahead they had the gold well in hand, but they continued and really just crushed the competition last night winning their gold. The second gold for womens gymnastics in a row last olympics and now these olympics. They move on to the individual competitions and should be very tough there. In the pool where the americans have also had quite a splash here, if you will, i couldnt resist, Michael Phelps avenging one of his losses four years ago. Beating his south aftrican riva and adding gold medal number 21 to his medal count. Katie ledecky the 19yearold swimming super star grabs another gold as well. Its just been a terrific run here in rio. Power, grace, and gold. Im so happy to be a part of this team with all these incredible girls. Reporter the final five as they dubbed themselves leaving no doubt they were the best in the world with the simply dominance performance in team gymnastics. While the most decorated olympian ever added medals 20 and 21 to his collection. Ajenging a loss to rival four years ago and joining the teammates to take the 4 by 200 relay. And Katie Ledecky find gold for the second time in rio. Its great to see team usa racking up a lot of medals here. Reporter the u. S. Team will be looking for another medal tonight in the mens 100 free style. Back in the pool tonight. Not a medal at stake. Its a qualifying piece. Kerry walsh and april will be back in volley ball. Real quickly, i wanted to say yesterday i saw a british athlete doing really well in something. I dont remember what the sport was. Im not sure how it finished out, but i did see a britain doing very well here in rio. I know youre saying that sarcastically, but ill take it and were going to come through strong at the end. Of course you guys will end up with more because you have a six times bigger population, but were going to come through. Im not sure its based on population. Lets not muddle this with the numbers. Okay. Im not taking anything away. The performance of team usa has been outstanding. Especially the gymnasts. Mr. Phelps. I love the butterfly. And the final tally count we do have for the medals the u. S. Coming in first with nine golds and a total of 26 metals. Number two is china and then hungary. Australia and russia. Dont see Great Britain in the top five or top ten. Its in 11th place behind thailand now. One gold it looks like for your country, three silvers and two bronze. Is it going to be like this every day. Im just teasing. Clearly it cant be can the uk beat the u. S. Can the uk get a different gold. Done. We definitely will. Move on to politics. Donald trump raising controversy. Suggesting this time the people who back the Second Amendment could stop hillary clinton. Reporter the question now, what did he mean by gun owners can stop hillary clinton. . Did they mean they should vote . Did they mean sha should use their weapons. Trump says its ridiculous you would take this as inciting violence. The immedia the. If hillary appoints justices of the supreme court, youre going to have a lot of problems folks. Thats how donald trump toned it down after democrats reacted to this. If she gets to pick her judges, nothing you can do folks. Although the Second Amendment people, maybe there is. What he meant by that was, you have the power to vote against her. Thats not what democrats heard. Violence is not something anyone should do. Senator Elizabeth Warren tweeted its a death threat. Saying trumps words could it even got the attention of the secret service. Clint east campaign called trumps comments dangerous, but the candidate is clear focusing on money to fight the zika versus. I would very much to the best of your knowledge leadersh le of congress to get the bill passed. Reporter hes asking the commission on president ial debates to change. Now, there is no indication the nfl is going to do that. What they are saying is that debates sites should be ready to set up the third podium. Three people. Hillary clinton, donald trump and jill sign the or gary johnson. Cant believe that Second Amendment controversy is what the debate is at this stage of the race. No matter what it was. Tracie potts. Thank you for the update for washington this morning. When we come back. Top stories on the move. Media giant reporting better than expected. Buying a big stake in Video Streaming Company. Stay tuned. Youre watching world Wide Exchange on cnbc. 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 bhe happy good morning. Earnings central, disney beats the street and announces a big bet on streaming. Markets now, oil prices in