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And Goldman Sachs reports today after jp morgan, citigroup and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Its 6 00 a. M. In london, home. M. From welcome back, nejra. I missed you. Lets talk about the forecast for the Third Quarter, thats what everybody is focused on. Third quarter net sales coming in at 3. 6 billion and the estimate was for 3. 8. Third quarter net, the estimate for 3. 8. An are looking at acquisition of berlin glass. , its themargin Second Quarter, 48. 2. The guidance there, 48 on the margin. The estimate was for 48. 1 . Looking back, nejra. Nejra thanks, and its interesting, on that acquisition you talked about, financial details not disclosed yet, that something maybe the market will wait for at some point. A final ....
Way to the indian border. Theres tangible issues. No question they are flexing their muscle right now. What i would notice in this market on a quiet wednesday, i know you will do the data check here. Publishing moments ago this bullish consumer view, and that was a game changer yesterday with the retail sales report. Jonathan we will catch up on the geopolitics a little later in the hour. Equity futures up 19 on the s p 500, focusing a move higher over the last several weeks, up by 0. 6 . Just surprise after positive surprise. The economic surprise index in the United States is absolutely flying. And it is at a record high searching higher after yesterdays retail sales beat. It was just an absolute trout. Today absolute trounce. Today i am going to be watching the u. S. May building and housing permits starts to get a taste of what we may expect. U. S. Loan purchase applications hit an 11 year high last week, so that should be some ....
What happens after yesterdays big move the dow down yesterday by 2. 1 the dows worst performance going back to may 1. A lot of this was happening as we were getting comments not only from Stan Drunkenmiller and dave tepper talking about his concerns about this being the second most overvalued market he had ever seen. Comments from fed chairman jay powell all of those things adding up saying what do we need to worry about and where do we need to be concerned . Watching the treasury markets, you will see the yield for the 10year right around 0. 61 so that is with a little more pressure. Watching wti this morning, you will see that is up about 5 i think it is 2r5iding near session highs of 26 a barrel. Andrew thank you. Every day, we have a huge show another big one this morning what is on the lineup this morning. The ceo of verizon, New York Times, mohammad eleran to join u ....
Fewest deaths since the lockdown. Factory output across several asian economies slumped to record low. Fresh pmi data out of europe. The week culminated with a grim u. S. Jobs report. Warm welcome to daybreak europe the tail risk is back and it is wagging. Chinau. S. Trade relations in the dumpster. The United States president says as ultimate punishment, pompeo is ramping up the rhetoric. Angst deliversde hapedongation of any us recovery. That takes bond prices and yields down to 0. 25 , maybe even zero. That is the news, the pressure you have. Good morning. Nejra yes, the bad news doesnt seem to be piling up with asian factory data overnight, we look ahead to what some have called an unimaginable u. S. Jobs report friday with a 21 million plus expected out of that payroll number. Then of course you have the risk of tension between u. S. And china you have just outlined. The question is how much of that negative view is already in ....