10 00 we get the isn manufacturing data for july and later this morning u. S. Automakers will report july Light Vehicle sales. Good indicator for the market and Consumer Spending. From shakeups to the white house to the senate remaining in session, every day brings new twist and turns. The man who follows it all is kevin cirilli. I guess we have to start with the white house. What happened . He barely lasted 10 days. Yesterday i spoke with several sky Bridge Capital announced scaramucci was fired by kelly hours into his first full day as chief of staff at the white house. Essentially they are saying this was general kelly trying to himself on day one to give himself a clean slate. The statement from the white house announcing the firing. Himself on day one to give himself a clean slate. They say that Anthony Scaramucci will be leaving his role as White House Communications director. He felt it was best to give chief of staff john kelly a clean slate and the ability to build his own tea
We have seen the ratio of the dow to the nasdaq. The dow has been gaining disproportionately and add a record, approaching 22,000. Movement has to do with earnings sales and if you look at the tally on the bloomberg, we have 315 of the 500 components have now reported and 70 companies have beat analyst sales estimates. About 5. 5 ing at earningswth and 10 growth, so continuing to see gains that are better than estimated. As for some of the highlights to the upside and downside, we have sprint as one of the best performers after the Telecom Company came out with a surprise profit after subscribers dropped. We got the story in the loss bash in the last hour that softbank might be interested in looking at dish network. That could be a potential murder potential merger target. On the flipside, we have under slashinghat company its forecast for the second half of the year. That was broadly expect it. Also protest also projecting weaker gross margins. Mosaic is forecasting a tighter margin,
We have seen the ratio of the dow to the nasdaq. The dow has been gaining disproportionately and add a record, approaching 22,000. Movement has to do with earnings sales and if you look at the tally on the bloomberg, we have 315 of the 500 components have now reported and 70 companies have beat analyst sales estimates. About 5. 5 ing at earningswth and 10 growth, so continuing to see gains that are better than estimated. As for some of the highlights to the upside and downside, we have sprint as one of the best performers after the Telecom Company came out with a surprise profit after subscribers dropped. We got the story in the loss bash in the last hour that softbank might be interested in looking at dish network. That could be a potential murder potential merger target. On the flipside, we have under slashinghat company its forecast for the second half of the year. That was broadly expect it. Also protest also projecting weaker gross margins. Mosaic is forecasting a tighter margin,
We have seen the ratio of the dow to the nasdaq. The dow has been gaining disproportionately and add a record, approaching 22,000. Movement has to do with earnings sales and if you look at the tally on the bloomberg, we have 315 of the 500 components have now reported and 70 companies have beat analyst sales estimates. About 5. 5 ing at earningswth and 10 growth, so continuing to see gains that are better than estimated. As for some of the highlights to the upside and downside, we have sprint as one of the best performers after the Telecom Company came out with a surprise profit after subscribers dropped. We got the story in the loss bash in the last hour that softbank might be interested in looking at dish network. That could be a potential murder potential merger target. On the flipside, we have under slashinghat company its forecast for the second half of the year. That was broadly expect it. Also protest also projecting weaker gross margins. Mosaic is forecasting a tighter margin,
A gain of 115 points expected if we were to open here s p is indicated up by 8 points. The nasdaq up by 31 points overnight in asia, youll see that the market theres also ended higher with the nikkei up a third of a percentage point. The hang seng up 0. 8 . The shanghai up 0. 59 . And the kospi up 0. 84 in europe this morning, you will see similar moves. Gains across the board there the dax is up by 0. 55 so is the cac. Ftse up by 0. 8 . If you check out wti, crude oil, 50. 27 wti for july broke a fourmonth losing streak. Had its best month since april 2016 look at the dollar index, the dollar index saw its worst month since 2016 dollar is stronger against the euro and yen trading at 1. 1813 and the dollar yen at 110. 34 fifth negative month in a row. Lets get you through some big stories. The s p 500 will start excluding companies that have multiple classes of shares. The move bars snap from the index. The Company Offering new investors a class of common stock with no Voting Rights. T