Futures, well, to the downside on this first trading day of august ahead of a big week of earnings and economic data. Dow component caterpillar out before the bell along with pfizer, jetblue, uber and marriott, all the numbers as soon as they hit the tape this morning. Jobs on tap this week with the july adp report out tomorrow, the july jobs report comes out on friday. Taking a look at european markets, we have red across the board. The ftse, cac 40, the dax are in the red. To asia overnight, markets mostly higher in that region as you can see, the kospi in korea up better than 1 and a third percent. And selling the biden brand, a bombshell testimony from Hunter Bidens former Business Partner, devon archer. House oversight republicans say he added to the growing evidence that then Vice President biden was involved in his sons overseas business dealings, selling access to the, quote, d. C. Brand. Democrats say they only talked about the weather. Joining the conversation all morning lon
People cant resist the lure of fang. They just cant stay away from my acronym for facebook, amazon, netflix, and google. Now, alphabet. Theres a simple reason for that. Growth. Theyve got it. Others dont. No matter what. And thats why f. A. N. G. Led the charge today. When we look back at what this moment is about, when we search for the ultimate brexitrelated worry, its a recession. The slowdown and uncertainty that this vote triggered turned out to be broader than the united kingdom. Not able to separate one countrys economy from another at least when it comes to stocks. Everythings impacted whether or not it makes sense because stocks trade in baskets, the s p futures as well as the myriad of etfs out there and the baskets have no rationality to speak of. The same way that a terrorist attack like in istanbul this evening could have ramifications. Cnbc will have a special report coming up right after the show. Some stocks can get up on their own two feet a lot faster than other after
That now. He wasnt famous. No one knew him. But this is a great song. I hear it once and i like it already. Ive heard this a thousand times. Where . I dont listen to that. I like it. Anyway well hear more about larrys call on ceos to focus on longterm value in a moment. Also its a moment of news makers on the set. Well be joined by Steve Schwarzman and jack and suzy welch will be stopping by. Lets get you up to speed on the markets. Yesterday the markets did end higher. Dow up by 75 points. Things are mixed at this point but the to you pu tours are down by 26 points. Economic data at 8 30 eastern time. Weekly jobless claims plus housing tarts and then at 10 00 we have the fed survey. Its early in earnings season but only three dozen S P Companies reported but of those 80 have topped profit forecasts. Among the names posting results before the bell today we got black rock black stone. Well see steve in a little bit. Citigroup, Goldman Sachs, mattel and health united. United health just