Is reported. Score one for mr. Jamie diamond. A cnbc exclusive report of just how close Jp Morgan Chase is to winning the top advisory role, one of ifnot the biggest ipos in history it is monday, september 9th and Worldwide Exchange begins right now. Good morning, good afternoon and good evening and welcome from wherever in the world you may be watching us im brian sullivan, happy monday everything going on in the world, could this be the week that our stock markets here in the states hit new record highs . Dow futures theyre up right now, about 50 points the dow and the s p 500 are less than 2. 5 from their alltime highs. The nasdaq just under 3 from its alltime highs now, the small cap russell 2,000 still down by about 13 from its 52week highs, but the major averages, they are getting close, as stocks have gone up, bonds have come down a bit yield is ticking up just a bit 1. 59 . You got japan gaining half a percent and the domestic Chinese Market also rising now, europe right now no
Showed that chinas trade exports contracted for the month of august largely because entirely because of the trade war with china and the United States well hear more about that from eunice yoon in a moment. Look at whats happening with the european markets that are open and actively trading a in the point. Right now most of these markets are in the green ftse is the exception down by a quarter of a percentage point. Also f you check out the treasury market here in the United States, youll see the yields that we have been watching oh so closely as we get ready for fed next week and ecb this year, ten year under 1. 6 , 30 at 2. 07 . Some news out this morning saudi arabia now confirming it has removed its Energy Minister from the position over the weekend replacing him with the kings son and that move breaking with long time tradition and convention that members of the royal family are not appointed to that position and comes just days after al falih was removed from his role after chair
Opec the catalonian deadlock intensifies as the regions government moves to declare independence on monday i investors take a dim view of osram sending shares lower, as siemens sells its remaining stake at a discount of 1. 2 billion euros. Rex tillerson said he never considered resigning, but he does not as an nbc report that he called President Trump a moron. Good morning lets look at the european markets this morning looking at stocks across the continent. Slightly more red on the board there than green the stoxx 600 down 0. 15 right now. Looking across europe, the specific bourses, well look at the ftse 100 first, up almost 0. 25 . Dax down 0. 10 the cac flat the ftse mib down 0. 5 looking at specific sectors across europe, utilities looking positive as are autos. Telecoms are up a third of percent. Food and beverages up almost a third of a percent Real Estate Companies are down half of a percent. Now the big story, saudi Arabias King Salman arrived in moscow for talks with vladimir
Our road map begins with the retail surprise. Best buy, sears, Williams Sonoma, all with earnings beat. Shares of best buy are surging. And Mickey Drexler is explaining how the j crew market missed the tech revolution. The s p is on track for another fresh record close. Opec agrees on the cut extension and oil is down. A lot of news on the retail front. Best buy is up, helped by an unexpected increase in u. S. Comps. Williams sonoma is out with better than expected guidance and earnings beat and then sears coming in above forecast. Although sales continue to slump. Its not often, jim, an 11. 9 decline in comp is actually above expectations. Yeah. Look, sears is a big short squeeze whenever it goes up and people realize well, wait a second. Even when they keep selling Closing Stores the existing stores have bad numbers. These are terminal numbers. I mean, i wont tell you that maybe you can close all of the stores and see the stock go up. But i have never i mean, there has never been a r
Confronting todays very real and very vicious threats. Donald trump also condemns the u. S. Intelligence leaks in the Manchester Attack after uk Prime Minister theresa may raises her dissatisfaction in a brief chat at the nato meeting. Sterling hitting a twoweek low against the u. S. Tlar adollar a twomonth low after the party sees its lead reduced further in the election poll. Good morning. Glad youre with us once again on this friday morning. Its the end of the week. It is the friday before a long bank holiday. Many european markets are taking a bridge day. Volumes once again today are somewhat lower. We are seeing outperformance in the ftse 200. This has to do with the drop of sterling. This is on the back of the latest poll showing the lead of the conservatives against the stories down to just 5 . The cac 40 off by 0. 4 . Lets get back to the big story. Our headline today, that is, of course, the oil story. Oil prices continue to drop, thats having a negative impact on the oil stoc