In a much more muted fashion a techinspired rally. We also had the russell, mid caps, transports all nicely higher slightly higher this morning, but only slightly. The one question mark yesterday given the rally was that the bank stocks did not take part, particularly on a day where yields rose as well. Lets look at yields they rose nicely yesterday so it was a proper riie risk ony the tenyear, 2. 46 this morning. Markets around the world asia was nicely stronger yesterday. Today stronger again not quite as resoundingly. We have a holiday in japan today. European boards were down yesterday, about 0. 3 , 0. 5 . Up today the ftse is flat germany and france are up a bit. Lets look at the broader markets. Oil prices gained a bit yesterday were flat yesterday, flat again today. Still nicely above 60 for wti 60. 5 the price this morning. Moving on to the gold price, which was up about half a percent yesterday. Flat today 1316 is the price of gold. Dollar the big question mark over the last c
Manus im manus cranny, and you are . Francine im francine lacqua. Breaking news. It is a little better than expected. A lot of people were expecting this july number to be changed maybe a little pressure from greece or from the ongoing concerns about china. Not so. Better than expected at 108. Manus this comes in with five straight months of declines. People are saying it is beginning to look like the purchasing Managers Index for the whole of europe which just slipped a little bit but is still showing overall growth. This is three years off from when mario draghi said he would do whatever it takes to save the euro. Good numbers there. Francine Current Assessment better than expected. Expectations also better than expected. Chinas stocks have tumbled with the shanghai composite index falling the most since february 2007. There is a concern that a rally sparked by Government Intervention is unsustainable. Manus caroline has all the details. Down over 8 on the shanghai market. Caroline t
War college in carlyle, pennsylvania. And these are legitimate questions. What would we have done or should we have done or both. I threw a lot of information at you tonight, but at least there were pictures, not totally words. But i must remind you that it is very complicated. I spent a long time trying to figure it out. It is a big puzzle, but a very interesting one. And there are several books, several blog sites and now we have the template from afghanistan being reproduced in iraq and syria. This is what Osama Bin Laden wanted to do, take over afghanistan. I dont think he realized or believed this could happen. But now we have a caliphate deck lated in iraq and syria and it comes directly out of the model from afghanistan. So when we took our eye off the ball in 2003, on march 19th, went into iraq, that sent another signal to the world, that we werent serious about afghanistan. And if you talk to a lot of many of you must have military friends or friends that are still serving or
Good morning, im Francine Lacqua in london. It is a very packed show in terms of data flow, this is what i am looking at. Lets put everything into context with Asset Classes. Overall we are seeing quite a lot of equities higher after we saw the s p 500 rise to a record, treasuries tumbling after we had less damage than originally feared from Hurricane Irma which supports a case for gradually improving economy. This is a picture for the stoxx of thatthe back hurricane we are also looking at crude oil and this is one to look at, europound and pounddollar. Heres sebastian salek. Sebastian the Un Security Council has approved a new sanctions aimed at punishing north korea. The u. S. Dropped key demands to win support from russia and. Hina wil it seeks to give countries the freeze to freeze cargo ships who dont agree to inspection. Today we are intending to take the future of the north Korean Nuclear program out of the hands of its outlaw regime. We are done trying to prod the regime to do
Averages end the day sharply higher but we begin tonight with some big after the bell earnings reports from names like amazon and visa. First, a rare top and bottom line miss from google after a surprise drop in user clicks on online ads. The Search Company took in 6. 88 per share after adjustments, well below the wall street estimate of 7. 11 a share. Revenues grew 15 and were just shy of 18 billion, but again, that was short of forecast. Shares of google one of the highest stocks in mutual funds initially dipped but then higher after hours. Bertha coombs joins us with one big takeaway from the firms results. Good evening, bertha. Good evening, sue. What we see from Big Tech Companies like google is that mobile is really what matters and you need to have engagement with people on their mobile phones and thats where youre going to sell them advertising. Although initially lower, shares are getting a bit of a boost as the executives on the Conference Call seem to be saying hey, we get i