Im wilfred frost. Lets get right to the markets. Little pressure for u. S. Equity futures after stocks closed higher yesterday across the board but still lost some of their earlier gains the dow finishing higher by 88 points. Futures now pointing to a weaker start down 26. S p futures down nearly five points. Nasdaq futures down almost six. As for the ten year treasury note yield the bond market was closed yesterday columbus day holiday back open today. 1. 77. Strong driver for stocks like financials and utilities, both of those in opposite directions depending on what yields are doing. This morning yields are higher and dollar stronger indicating that higher odds that the fed moves this year on Interest Rates. Yields going slightly the other direction in europe and the uk this morning so just showing that strength of momentum in pushing yields higher in the u. S. Managing to buck the trend of european yields. Lets have a look at european equities though right now and at the moment as
Business. We hear what the ceo has to say about the future of the company. And amazon getting into the streaming music game with a new lower cost option. What that means for the industry and all the competition like spotify and apple. First up though the watch is onto see if the dow and s p can rebound from worst oneday performance in a month. Tuesday was even worse for the nasdaq down more than 1. 5 with microsoft among the biggest tech losers. Mike, were back to essentially the 100day semis didnt perform well, honeywell, dover, alcoa, what does this mean . Definitely a nasty oneday shake out. Brought you down to the bottom range weve been in really in months and to that average. Seems like there was all this disorder on the borders of the equity markets going on for awhile on the currency fronts, in Government Bond yields, theyve been moving much more dramatically than stocks recently. A lot of that finally spilled into the stock market yesterday. I feel like october came ten days la
Record quarter. Well hear about alphabet. The Parent Company of google. Well tell you why they changed their name. Selfdriving cars and new phone to compete with apple. A lot of competition between these go companies. The numbers you need to know out any moment now. Melissa back to the markets, the dow ending the day down 26 points driven lower by shares of boeing and caterpillar. Ashley webster standing by at the new york stock exchange. Ashley, everybody waiting for the big event. Two of biggest names to report in few minutes. Giants. Were waiting with bated breath, amazon and google. Those stocks as you can see heading into the bell both moving down half a percent but it is all about the latest results. Well find out any second. Meanwhile, wanted to show, talking of tech, how about twitter . The latest report shows they beat on earnings and revenue. Everything is great, right . Not so much. They are cutting 9 of their global workforce. Theyre shutting down their video app vine which
Breaking news for you. Well hear from andrew live again in about a half hour. For now, good morning. Corey, gary and cheryl with you. Meteorologist Marty Coniglio joins us. Marty some sunshine for us today. Protesting Donald Trumps presidency with the slogan love trumps hate other groups are venting with passionate anger. All of this outrage as trump heads to the white house to meet with president obama today. 9news reporter vida urbonas is covering the trump transition today. Vida the meeting is expected to be very police and professional, a sharp contrast to the protests. Protests across the country were for the most part peaceful. We have seen at least 16 but some anti trump demonstrations on the west coast became destructive Late Wednesday night. In oakland protests were calm early with marches and demonstrations. Police in oakland say up to 7 thousand protesters marched in the city. But officers say smaller groups vandalized businesses and attacked police with rocks, bottles, fire
Now at about 8. 7 trillion. Mark after such a momentous day on friday for Global Investors post exit boat, lets look at some of the standout moves. Check out the go function. It tells you everything you need to know about all of the Asset Classes that moved. The lefthand column is equity s. Nchmark euro stocks, 50. A percent lower. Sterling, 8. 7 down. A record mov down. With the biggest fall in seven years. We saw yields move in peripheral markets by at least double points. The move was into the core markets. The credit risk moves and the commodity of the day on friday was gold, finishing by 4. 96 percent, the biggest oneday move since 2009. This is an interesting chart that shows you the differential in performance. Since daviddex cameron called the referendum on february 20. What was interesting was what happened at the end of may. We had this plunge as they said win remained was going to and then suddenly on friday, falling at least a. 7 . It was the ftse 250 whose constituents are