World Wide Exchange on cnbc. Im sara eisen. Stop snapping. Im not snapping. Im getting out twitter question. It is throw back thursday. Were throwing it back with olympic spirit, go team usa it says. I agree with that. I also say go team gb. I think theyre still falling behind. Lets check on the markets this morning. Again, just continuing this pattern of smaller moves, tighter ranges, dow futures are up 36 points. S p are up 3. 2. Nasdaq futures are up nine. Beneath sort of the headline flatness were seeing in the industry, there are some movers. Yesterday the market was dragged down by energy. Worst performer and financials and the financial story, loork at the 10year treasury note yield. Had an auction yesterday. There was a lot of demand, foreign demand for u. S. Treasures. That pushed yielding down. Were hovering over 150 this point. Exxon was the worst performer yesterday. Better than expectations. Were going to talk about the bond story in a bit. Lets have a look at european uni Union Equities this hour. Small declines. Dont focus toomp. A lot of Companies Going x dividend today. Let have a look further at yields in the uk because this has been fascinating. Record lows. We see them tick up a little bit today. At the start of the year, the 10year was at 2 . Just before the brexit it was 1. 6 . It has fallen an astonishing amount in the last weeks and months yesterday hitting record lows the spread between the 10year treasury and the u. S. Uk at a 16 year height in terms of width bigger gap and thats why weve seen the pound fall in recent weeks. Below 1. 30 this morning. Asia is closed for the mountain day holiday. Were seeing half . Up about 0. 4 . Mixed session in asia. Two Central Bank Decisions overnight. Knew so new zealand cut the rights and suggested more cuts are likely. Its a quarter point cut. It had been expected to cut further. Thats why the new sew Zealand Dollar is rallying. The likes of new zealand and australia, they never embrace qe and they still have room to cut rates in the first instance. They never get down to the record lows weve seen in a lot of other place sgls which makes them relatively high yielders and their currencies relatively strong. They have been hit hard by the selloff thats hurting the economy and thats why were seeing this easier policy start to take shape at this point. Thats reinforced with the bank of england move of course. On to commodities the latest monthly report. Out in the last hour suggests oil markets will begin to tighten in the second half of the year. The iea cautious the process will be slow as demand growth falls and nonopec supplies rebound. Oil prices a big driver yesterday. Down again today by almost 1 . Wti crude 41. 34. Weve had some softness, but weve stabilized a little bit it seems. Having dipped below 40 is a big worry. We did get bearish factors last week we lirnearned from saudiia arabia was pumping a record amount. Venezuela trying to call for a meeting of producers. Not making much headway and warning of lower demand. As for the dollar, its been weaker this week. Yesterday. Coming off a little bit going the other way this morning with the euro weaker eat 1. 1145. The pound weaker by. 40 . The Dollar Strength against the japanese yen importantly at 101. 29. That has been hovering in the 100 to 105 level. The 100 is very key. The bank of japan does not want to see dip blow that. Speaking of currency, first go to gold. On the back of the weaker dollar its gotten a bid and held near the highs of the year. Flat in morning. Remember where you were one year ago . I was here. And i was talking about the chinese currency. The big devaluation remember of the chinese currency where Global Markets with shocked, august 11, 2015 when the peoples bank of china cut the guidance rate by about 2 against the u. S. Dollar. There was no warning for this. So we really saw a spillover in Global Markets including the s p 500 and then over the 12 months since then, the currency has dpreeshed by roughly 7 . World leaders finance chiefs were scolding china for not being communicative about the move. Its where we started the year in january with the major global selloff because china was devaluing currency and nobody knew why. Was it because the economy was weakening, whether they were trying the stem capital outflows. Money rushing out of the country. Its calmed down a lot. I remember talking to the vice chairman of the fed. Theyre communicating their policy path a little more saying theyre going to do small devaluations here in order to help stimulate the economy. My personal longterm bearish hasnt eased in the lightest. The other thing in that communication theyve started to manage to convince theyre balancing the currency. We see the moves against the u. S. Dollar and thats the most relevant currency of the individual ones, but theyre doing it against a basket so individual moves are slightly less relevant. So the currency certainly something thats not moving much. Weve overcome that worry for sure. Exactly. Heres whats on the agenda today. More retail earnings with kohls and macys. Also 8 30 import and export prices. We mentioned macys. Landon dowdy joins us with three things to watch. The street is looking for macys to earn 45 cent as share on revenue. Here are three things to watch. First the amazon affect. More consumers are shopping online and only adds to a tough retail environment with traffic at malls slowing. Is weighing on the sector as a whole. Down about 49 in the past year. Second the weather, the slower onset of warmer weather likely required additional markdowns. They do believe sales accelerated as the warmer weather set in later in the quarter and the third thing to watch the outlook. Beyond the Second Quarter the back to School Season should give a nice boost to the second half of the year. The question is are expectations low enough because so many other of these Retail Companies like coach and ralph lauren and kate spade have cited weakening mall traffics which has lowered expectations. Coach saying its pulling out of a lot of Department Stores. Terry lund gren will be on squawk box. It is right after the retailer reports results. Always valuable to hear what he has so say no matter which way the stock goes. U. S. Prosecutors have opened an investigation into valeant. Whether it hid the relationship with a pharmacy that helped increase sales from insurers. Previously disclosed in investigation by attorneys in new york and continues to cooperate. Shake shack under pressure after same store sales at the burger chain grew less than what wall street had expected. Earnings and revenue did top estimates. Its down 10 . Shares of am rin getting slammed. Coming up, shares of alibaba. Will it follow amazons lead and reveal a blowout quarter and what does it tell us about the strength of the chinese consumer, but first facebook and twitter question today, its Hillary Clintons turn to outline the position on the economy today. We asked, who has more contribute on the issue . Donald trump or Hillary Clinton . Send us your results and well bring them to you later in the show. Amazing is moving like one. Real is making new friends. Amazing is getting this close. Real is an animal rescue. Amazing is over twentyseven thousand of them. Theres only one place where real and amazing live. Book a seaworld vacation package and eat free. [dance music playing] [music stops] woman looks like its done. [whistle] [dance music playing] [record scratch] announcer dont let salmonella get funky with your chicken. On average, one in 6 americans will get a foodborne illness this year. You cant see these microbes, but they might be there. So, learn the right temperature to cook each type of meat. Keep your family safe at foodsafety. Gov. I ae. Arabian. Lets get you up to speed on the market action. Yesterday we were down around a quarter of a percent. Today were looking to offset those losses only slightly as you can see to the tune of. 20 of 1 . Oil was the biggest factor yesterday. Alldy cli declined. Wti down. 41. 41 as we speak. Todays top stocks to watch. Alibaba expected to post quarterly results. Eunice yoon joins us from beijing. Reporter were expecting alibaba to deliver a decedent report card. Expected to come in at 1. 5 billion. Thats on revenue of 4. 5 billion. Gmv which is the amount of stuff that crosses the sites is expected to grow by 22 . The company has always been using this as a measure to really show the growth of ecommerce players, but it says that its this measure gmv isnt going to be relevant to them because theyre pushing into other pizzabusinesses. Cloud computing prex. Trying to drive more business from overseas. Big acquisition it made in southeast asia. Looking to offset the slowdown were seeing here in china. The big theme of the Conference Call is likely going to be about transparency. The company had disclosed the fcc was investigating for consolidation practices also looking into the way it reported data for a singles day which is a huge Online Shopping day in china and the Company Alibaba has said its cooperating with the authorities, and, in fact, for this quarter, they are going to for the first time report their numbers in five key metrics. Including Cloud Computing ecommerce as well as entertainment to make it easier for investors to understand accounting as well as the over all company. Thank you very much for settise setting us up for that report. Dont miss joseph tsai. Coming up on the show, highlights from last nights big action in rio. Another strong night for team usa at the olympics, but first, as we head to break, heres todays National Weather forecast for the Weather Channel general carfagno. Good morning. We have storms again today that could be big rainmaking storms. You know, thaim be isolated throughout parts of the northeast, but when it rains its going to pour, two to four inches of rain possible. Isolated tornado risk right here across parts of iowa, southern minnesota, heavy rain up here as well. Focusing on louisiana, mallex smith mississippi. Dallas we continue the streak of 100 plus. We sent Record Energy usage again yesterday afternoon. We have two more days of high heat in dallas, texas. World Wide Exchange continues after this. 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. Use febreze air effects, till its fresh and try febreze small spaces. To continuously eliminate up to two times the odors. For 30 days febreze small spaces and air effects, two more ways. [inhale exhale mnemonic] to breathe happy. Welcome back to world Wide Exchange. Your wall street setup is looking positive this morning. S p up 4. 5 and nasdaq up 13. This after a mini selloff on wall street yesterday. And focused today Department Store earnings, macys, kohls premarket. Jobless and import and export prices. Quickly show you the dollar which is a bit stronger. It has sold off sort of sharply yesterday. Going the other way, weaker euro, weaker british pound. Look at that, broke below 1. 30. Fwen the pound continues to be under pressure as quantitative easing ramps up in the uk. Better tone to the markets overall. Quickly on the 10year treasury note yield hovering around the 150 level. Thats pushed yields lower. Were at 1. 51 right now. Lower yields drag down the bank stocks yesterday. See if that reverses in todays session. Now to the olympics if you went to sleep earlier last night you missed great moments in rio. Joins us life from brazil with all the details. Good morning to you. Reporter good morning to you. Lets start with the road here in rio. Paved with gold for christen arm strong the u. S. Cyclist who a day before 43rd birthday win as gold medal in cycling time trials the third time shes done that consecutively the first olympic cyclist to ever win three gold medals in the same discipline. In the water it has been wonderful for team usa. Continued last night. Katie ledecky with the anchor leg and winning gold for that team. Diving the american sam doorman and michael hickson, they find silver in the green waters of the diving pool. That is the highest they have finished. Ive been taeasing you a bit so want to give you your due. Chris from britden repeating. Jack laugher and chris mears gold in the spring board event. The agrgreat day for the brits e in rio. I stand corrected. They are in the top ten. We have three golds in total. Thats not bad. Jay, thank you very much. Very strong. Well be back with jay throughout the olympics. I like that. Three golds. Were catching up. Heres the medal count so far. U. S. Coming in first. 11 folds. 32 medals. Second is china, japan, raush and australia. Great britain now making a move. Sixth place. Ninth. Ninth we are with three golds. Ninth place. Were going to come through. What did we bet on, you owe me a meal. A twitter question. Fine, inside joke. Political news, Hillary Clinton today set to give an economic speech in michigan this afternoon. Tracie potts joins us with the latest from the campaign trail. Reporter as you know the Clinton Campaign has been going hard after the republicans who dont like donald trump. Now well see if she can hold onto them once she gives her economic plan today. Friends dont let friends vote for trump. Reporter Hillary Clinton going after republican votes as she prepares for todays economic speech near detroit. Am determined to create more businesses and more jobs. Donald trump calls her record unimpressive. She promised the world and it went like this. It went down. Our jobs got sucked away from us. Reporter now emails suggest the Clinton Foundation asked the state department for favors that her Campaign Says never happened. Thats the old pay to play system, the American People are sick and tired of. Reporter and look who is right behind clinton at this florida rally. Sadiq mateen, the father of the orlando shooter. Clinton disavows his support. Isis is honoring president obama. He is the founder of isis. Hes the founder of isis. Okay. Hes the founder. He founded isis. And i would say the cofounder would be crooked Hillary Clinton. Polls show his support is waning, his attacks are not. Reporter hes talking jobs in the midwest today. Trump will be in miami. Both of them trying to convince voters they can fwix the economy. When does the next big poll come out where we can see what the impact of this week was, both of them ganging up on each other. Calling out each other to be president with various attacks whether it was trumps words or hilla hillarys past actions. Its not going to be long. Were getting major polls coming out every day between the networks, bloomberg, some of the big polling organizations out there. We can probably expect one early next week. Well be looking for that. Tracie, despite the attempts to reset on the policy earlier this week, it has not been a good week overall. Now there are challenging coming up for Hillary Clinton as well. Weve been talking a long time donald trump slipping in the polls. Donald trump catching fire for things he said. We have ems coming out. We have the mateen issue for Hillary Clinton. Shes gaining in the polls, but she still has things to deal with on the campaign trail. Tracie potts reporting for us. Tracie, thank you. What strikes me is youre not seeing the uncertainty in the polls right now. Maybe its the status quo, but it has been interesting to watch. Theres also the other point as john manley was telling us from wells fargo yesterday. Its not just simply an outcome like the brexit vote. There are certainly nuances though, but when you look at sector specific way, what Corporate Tax rates are going to be. A lot of companies will get a boost in Corporate Tax rates were cut. Or tpp doesnt go through. The drug stocks. Hopefully well gain more information from Hillary Clintons speech. On a programming note. Dont miss donald trump. Hell be live on squawk box to talk about the economy, and, of course, some of his recent controversies. Still ahead on world Wide Exchange this mornings top stories including investors taking a bite out of shake shack plus a champagne shortage. Why a glass of bubbly could cost you a lot more. Stay tuned. Youre watching cnbc, first in business. Were back in a couple of minutes after a little glass of pricey champagne. New this morning, the iea cutting the forecast. Earning central, the consumer in focus today with results in kohls, macys and nordstroms. Plus champagne problems. Why a glass of bubbly could cost you a lot more. Its thursday, august 11, 2016 and youre watching cnbc. Good morning and welcome back to world Wide Exchange. Im sara eisen. Im wilfred frost. Were throwing it back with olympic spirit. Team gb. Good for you. Usa songs will dominate the rest of the show. We will check in on Global Markets. This is world Wide Exchange. China is catching up. Only one gold medal behind. If they get the take, what happens then. It will be a hit to the pride. We have the big as far as. Stars. You do. Lets have a look at u. S. Markets. The dough by 48 points. Getting a little bit more momentum in the last half hour. We were positive over the last half hour. Not quite to this extent. Yesterday we dedeclined. Energy was the disappoint yesterday. Lets have a look at stocks around the world. Europe is mixed to down. The ftse 100, we have in fact improved. The ftse has a lot of