Federal reserve. And people dont see this, i dont think, as a major, major shift in terms of what the fed will do. Just it is losing a key academic and experienced and wise voice on the federal reserve, but there are a lot of economists and noneconomists out there that President Trump can now choose from. And this fischer wasconsidered more of a democrat choice. And, in fact, i remember when the big fed decision came due for president obama, it was between Larry Summers and janet yellen and one of the dark horses was actually stan fischer himself, he was not willing to give up his citizenship to israel, but he was considered once the giant of central banking, still is still may make his policies known, even if hes not the vice chairman of the federal reserve. But as far as any policy implications, i wouldnt expect anything to change hes been at a number of meetings over the last two years and made his voice very clear. Im sure a lot of folks from the board will continue to heed his adv
Oh, snap, oh, oh good morning and welcome to Worldwide Exchange on cnbc im sara eisen. Good morning from me as well. Lets check in on Global Markets, show you what Global Equities are doing after the nasdaq outperformed the three major averages, which were little changed, though you did see big moves, lower for instance in retailers. Walmart was the biggest drag on the dow yesterday. Prime day kicked off last night. Well get to that in a moment. Dow futures are higher, though s p futures are little changed, down less than half a point. And nasdaq futures are down about five points. As for the 10year treasury note yield, lets show you where we stand. We had yields come off recent highs yesterday, though not meaningfully, and were still sitting below 2. 40 on the 10year yield. Still multiyear highs. Yields moving up again today. Seemed like yesterday in europe it was single day of yields slipping a little bit. Data out of asia car sales returned to growth in june with total vehicle sales
U. S. Equity futures this hour, lets show you whats going on, suggesting a flat open s p opening lower 1 1 2 points, the dow slightly lower and the nasdaq lower by four overnight in asia, quiet session around the world, generally. Hang seng higher over 1. 5 , but t shanghai was lower european equities. The dax is higher by 0. 25 france and the ftse slightly lower. Italys higher by a third and spain is lower by 0. 25 . Their yields are backing up over there once again that has resumed take a look at crude wtis lower by 20 cents, a decline of 0. 5 , 44. 15. If youd like crude delivered in august pepsico just out with Quarterly Results. Sara eisen has the numbers 10 cents above on earnings, i see, sara. Sure looks like a big beat. Eps 1. 50, versus the 1. 40 expected it includes a 6cent gain from a sale, but its an estimate, so its unclear whether that factored into the analyst forecast, but either way, a beat on the profit line, a beat on revenues as well for pepsico, 15. 7 billion. The
Stage. His entire strategy was about blocking donald trump and forcing a contested convention. The results tonight putting an end to his bid for the white house. The surprise announcement came just shortly after cbs news projected donald trump the winner of the indiana primary. 57 delegates are at stake in indiana. Trump will now take the majority of those delegates. The victory puts trump on what is now a clear path to clinching that nomination. Heres a live look at trumps Election Night event in new york city. Were waiting a victory speech from donald trump at any moment now. Trump is now the Presumptive Republican nominee. We will be waiting to hear how trump deals with cruz dropping out. The pressure will be on him to bring a divided Republican Party together. We will bring you trumps speech when it happens. Right now on the democratic side, too, close to call. At last check Bernie Sanders doing better than expected with a 6point lead over Hillary Clinton. 86 delegates are up for g
Rallied 293 points. The nasdaq 46, and the s p 30. Gold dropped 13 dollars oil was up small change. Oracle surprised wall street by topping earnings expectations. The stock traded around 35 dollars after the close. And a 2 year compromise budget deal has been passed by congress and will be signed by president obama. There was even a consession on military penesions. Daniel stecich of athena Advisor Services joins us now. Daniel, a terrific relief rally yesterday. The market clearly feels better. Do traders feel better now that they know that tapering is going to happen . Thats right. And i think the market likes certainty. What was a surprise was when i was speaking to people yesterday about this, i thought the market might fall off a bit if there were a taper and it did. 60 seconds later it was up 12 points and then by the end of the day we were up 30. But the market does like certainty, the fed gave a little more direct statement as to what they do. No tightening until the Unemployme