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U. K. Flagship store. Sales have home crossed the bloomberg. Lets head to the markets desk with julie hyman. Julie we did see new home sales a decline in estimated but a decline more than estimated. It was 6 month over month. We got the index of leading Economic Indicators that felt by 2 10 of 1 . Economists were forecasting a gain of 4 10 of 1 . But reaction to the housing number, you can look at the s p home and, still higher on the day. We will continue to watch homebuilders to see how they are reacting to that. There was an interesting chart that looked at the number of homes being sold that are about 300,000. That percentage of the total has been rising and we will see how that shakes out in this particular month. Lets take a look at the major averages. Onaking abroad, it is a risk kind of day. Look at the a groups on the move on the bloomberg. Utilities is the only Group Trading lower. That is the only small, red slice of the pie. Financials are getting the most today. The banks
Coverage from the Global Entrepreneurship summit which the u. S. Is hosting at Stanford University. We will hear from leaders across the tech industry. Legendary investor investor , tim draper a huge lineup throughout the hour. But with brexit polling in a dead heat, investors have an skittish. Heres a look at how u. S. Futures are trading. Slightly higher nikkei futures also in action right now and you can see we are showing a slight rally here come a carrying through from what we saw in the u. S. Trade top i want to get straight to london for the latest on this historic vote. My guest was spot on in his forecast in the british general election. The voting andt the atmosphere. What was it like today . Say if i describe it in one word, i probably would describe it as heavy. A real sense of vote today. I went to cast my vote earlier is not going that to come a say come as a surprise to many as we had torrential rains. There were disruptions on the trains and other public transport and w
Saying that it didnt expect the fed to tighten. You could see it, it rallied in the brief oneweek period where it seemed like maybe theyd tighten and raise expectations to 40 . After that crummy unemployment number gold rallied again saying theyre not. Today is interesting to me because its rallying along with the safe havens. I dont think its telling us this is any global panic. What it is telling us it not ohm fits in with the weak dollar trade it also fits in with the safe haven trade. Ive been on this all year and pretty harrowing times for a while but i like it now. This is jim says jack a kind of riskoff trade not an inflation protection trade. There aint no inflation out there. How do you see gold . What is it telling you . Tyler, there say big, red flag with whats going on in gold and people need to heed that warning. Its telling you theres been a loss of confidence in central banks. It really started a few months ago and its been creeping and one of the reasons why especially