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Expect from cocacola when it reports tomorrow but we begin tonights show with bonds, treasure bonds because Something Big is shaking and stirring the market. If you havent been paying attention. Bonds staged reversal. Sending yields back to the highest levels in month. Is this the official ends of the. I love the booed bootleg bond music. We cant use the real one. This is a real song. I dont know but its not bond music. I hear the lyrics there is a man leading a life of danger thats tim seermt. I did ride my citi bank to the studio. Johnny rivers why you looking at my quizzically. Im asking you is this the end of the bond or bull market. I dont think it is, mel. I can be proven wrong as i tip cheh am on any given night bond yields go higher because economies improve. Maybe there is somewhat improvement. Were in the beginning of a turn i think you see it in manufacturing. I think youll see it here in terms of earnings when a lot of ....
Investments ever. Were closing in on new records in the markets, this amid new optimism for that potential china u. S. Trade deal as you saw stocks are set to open higher. And the tech lash heads to the states a major multistate investigation into antitrust practices at google, set to be announced later on this afternoon. David, kick us off on t. Interesting here. In so many ways. 3. 2 billion as you said the stake from elliott, the largest single investment i believe they made at the company, a long letter comes out this morning detailing the reasons why this could be a 60 stock within lets call it three years or so, 2021 is what theyre talking about. 65 or so upside to todays stock price. They believe 5 in dividends and 55 stock price, you could get to 10 earnings per share grower with significant margin improvement, what theyre calling for. And buyback. Something i want to make sure people understand here, it is interesting, people who know the company well, but sort of are vaguely ....
Francine welcome to the pulse , l ive in london. Im francine lacqua. Coming up later in the program we speak exclusively to the zalando managing director rubin ritter as his company beat secondquarter sales estimates. Francine after that, we will speak to the rwe chief finance officer. Make sure you stay tuned for both these interviews. Manus a rare briefing has been held in china. As the central bank worst to restore calm following the devaluation of the yuan. Francine the currency experience its worst loss in two decades as the peoples bank of china says it would intervene. The Deputy Governor also in charge of the foreignexchange told the media respects the market, fear the market. He did not mention intervene the market. That is probably what he was thinking in the back of his mind. Manus indeed. And try to get some sort of market context. Class test. Lets talk to mark. Weve seen a little bit of a bounceback. Mark lets start ....
Also new, firefighters rescue a teenager from heavy smoke and flames as they battle a house fire. And it may be the last of the summer heat. We are tracking when falllike temperatures are going to start to show up. David is off. Matt pelman is here along with meteorologist karen rogers. Good morning. Although as crazy as the weather has been around here. Yes. We might have a heat wave in late october. Yeah, we probably will but were looking at an extended period of cooler weather coming your way. First lets look at satellite and radar. One of the things you notice is the spinning off the coast there. Thats Tropical Storm maria that is moving very slowly, about 5 miles an hour, still very near the coastline, not really impacting us but were seeing a few clouds spilling in. Kind of those high thin clouds we saw yesterday. So youll still see some sunshine filtering through it but the big story today is just how warm it is once again. ....
It really was not until my grandmothers funeral that i realized it really kind of hit me that she was really a special person and something of a celebrity in seeing the president , two expresident s and one future president and all sorts of ambassadors and other diplomatic people there, very important people that it really dawned on me my gosh she really was important. We never thought of her in that way. We never viewed my grandmother grandmother she was only a grandmother to us and thats all she ever wanted to be to us. I was born january 3, 1942. My father was elliott and elliott was the second oldest of the sons, the third oldest of the children so my dad kind of fell right in the middle and i think he always felt that he was the middle child but my uncles used to claim that he was my grandmothers favorite. Im not sure that was true. My mother and father were divorced when i was only two and my time with my father was really quite limited and as a consequence, you know the only thi ....