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The offshore renminbi is trading at 7. 1704 right now, so another significant weakening. The 10 year yield in the u. S. , 1. 47 . It got as low as 1. 45 earlier in the session. The vix above 20 today. Lets get back to brexit. Prime minister Boris Johnson striking a storm of controversy with a plane to suspend parliament for five weeks. The queen has approved the suspension. Labour Party Leader Jeremy Corbyn is vowing to fight the move. When parliament does meet on his timetable next week, the first thing we will do is attempt legislation to prevent what he is doing. Secondly, we will challenge him with a motion of confidence at some point. Vonnie joining us from london is bloombergs jess shenkman. It seems like he has a lot of negative things to say, but never really has too many positive alternatives to put out there. But hes not the only one in this case. The spe ....
Data and they have a different much smaller number. Stephanie say it aint so, mr. Trump. Time to give you the top stories 32 big drugmakers reported earnings. Pfizer posted secondquarter revenue and profit that beat analyst estimates. Sales of its new cancer drug rose. Meanwhile, mercks secondquarter profit fell. Merck also raised its profit forecast for the year. The profits surge in the second quarter. At ford. Earning has rose 44 beating estimates. The reason, the demands for the numa aluminum bodied f150 pickup. Discounts on the truck after sales fell last month. The sales account for 90 of 40s profit. Ford said it will be september before the fully stocked. Matt i like the idea and i will get you one third you deserve one. President obama is wrapping up his five day trip to africa. Today in ethiopia, he warned African Leaders that the continents economic progress rests on a fragile foundation. He said something must be done ....
Up nearly 20 points. The nasdaq up by 66 points. Green, especially what happened on friday. We have basically erased our losses from friday. It is as if the past two days there really happened. About, itas talking is an energyled rally. Hownt to show you exactly green we are in terms of sectors. Energy is up by nearly 1. 6 . It has been the biggest leader by sector for the entire day. Information technology not far behind. Had been inerials the number two position, now in the number three position. Take a look at where oil has been going to run the day. Just at session highs by a little more than 3 . Highis still a sixmonth not seen since november 4. Goldman sachs increasing its fullyear price in cast to 44. 60 a barrel from 38 36 cents a barrel. Militant attacks in nigeria have been pushing down production, a cut of 30 or so. And there has been increasing demand. Of this, take a look at what is happening with oil majors. Williams company, the biggest riser by 5. 3 . The same for apach ....
Day. Will see if they hold onto them by the close of trading. Streak this continuing of less than 1 moves in the s p 500. At the moment, all three major averages are at highs if im not mistaken. It looks like some of them are at intraday highs. We are trying to figure out when the last time all of them hit the levels at the same time. Theg back to the last time dow set a record on july 20 of backyear, you can also go to july 20 last year and again we have seen, it took longer to for the nasdaq to hit those levels. In terms of what stocks are contributing to the gains in the dow today, we got nike, chevron, and ibm. Ae only one that has more of catalyst would be chevron which is rising along with oil prices. Is helping with the updraft ghosting in stocks over all this is something that matt miller picked it out earlier is that even though the major averages are hitting highs, many of the stocks are not necessarily their. This is 52week highs in the s p 500 versus lowes. Versus lows. A r ....
We are one hour from the close of trading in new york. Trading,start of rather. Lets head to the markets desk. Matt an hour from the close. Oliver is it that already . Matt its 3 00. Oliver thats right. Bank while there hasnt been any movement, so dont worry about it. What we are looking at is red arrows. Tight today. Been swings of only half a percent. Range on theter snp today. Losses,seen gains, seen but we are talking 6 10 of 100. Ercent really tight range, not much action here. Where he seen action is in pharma where we have seen action is in pharma. Anre is a big reach for oncology drug in the m a sector. Also rising in sympathy. Not the 20 you get with medivation. These are much Bigger Companies. Medivation is a 14 billion company. Regeneron is a 40 billion company. Much Bigger Companies but smaller moves. Take a look at the oil. Oil has come down today. Oil down 3 ....