The hong kong drama turns the page as u. S. Lawmakers vote to support the protesters and review the citys relation with china. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures under a little bit of pressure after we saw u. S. Stocks really rally throughout the session and major indices gaining about 1 . The s p 500 at one point topping 3000. Health care in financial stocks leading the gains. Johnson johnson, unitedhealth and jp morgan reporting solid results. We also have the nasdaq closed 1. 25 higher. All of this as 10 year yields gaining for the fifth consecutive session despite the fact the imf came out and cut the Global Growth forecast for this year for a fifth time. Let see how things are shaping up in asia. Sophie it is the bank of koreas turn in the hot seat today with a 25 basis point cut expected and the politically key jobless rate due as moon jaein attempts to create employment. Futures adding about 6 10 of a percent. Cindy futures
In europe, the dax up 1. 5 the cac up 1. 4 . Ibex up by more than 1 . Looking at the treasury yields the tenyear yield cracking 1. 7. Went out on the day at about 1. 71 the tenyear yield now at 1. 675 tom and i were chatting about a blog post from pimco saying u. S. Nominal yields could go negative dont blame the Central Banks, there are also Secular Forces at play that could bring down u. S. Rates. I think thats what happened overnight. It caught a bid because of that blog post. Thats a big story with pimco, the Largest Bond Fund manager in the world saying rates could go negative, rates could go negative. 1. 67 on the tenyear yield. Disney shares are under pressure this morning. The company reporting earnings of 1. 35 a share, missing analyst estimates by 40 cents. Revenue coming in short of forecast disney blaming costs related to the creation of its new streaming service, which we knew would cost something and the integration of foxs entertainment assets which it bought for 71 bill
Minute look at quick u. S. Equity futures at this hour show you how things look to be opening up in about 3 1 2 hours from now dow would be off about 20 points nasdaq looking to open up 15 points s p 500 looking to open off a little off well call it 3 1 2 points right now and also show you whats happening overnight in asia right now as we speak. Youre looking at red arrows across the board but well call it marginal except for the hang sang take a quick look at european equities as well as we flip that board around youre looking at mostly red picture, except the ftse 100 looking up 1 right now and finally treasury yields, tenyear notes unless youre looking for a 30year fixed right now the tenyear note is at 2. 060 joe . Big deal of the morning. Big. Big. Mylan, potential pharma deal to tell you about. Unit of pfizer with mylan. Thats right. Were expecting this news to be announced sometime this morning. What were hearing is that pfizer plans to spin off a unit called up john, off patent
All coming after the markets are coming off a very strong month of june. For the dow, it was the best june performance in over 80 years. You have to go back to 1938 for the month. The dow was up by 7. 2 s p was up by 6. 9 for the month that is its best performance since 1955 and the nasdaq was up by 6. 9 and thats its best performance since the year 2000. Taking a look at what happened overnight in asia, hong kong was closed for a Public Holiday but those markets that were open also up very sharply on again, this idea that trade talks are back on. The nikkei was up by 2. 1 . Shanghai composite up by 2. 25 europe this morning where early trading is taking place, youre going to see green arrows across the board there as well. Biggest gainer looks like the dx ax up by 1. 25 finally check out u. S. Treasury yields on friday we actually fell below 2 for the tenyear briefly. I think we closed right at 2. 0 . Ten year is yielding 2. 01 . Getting to all the weekend news President Trump returni
Article fairly to those of you joining us on p. V. As in the United States and to all of our viewers around the world, welcome. Its great to have you with us. It is so rich, who is a in the United States, the biggest day so far in the 2024 race for the white house. When states across the country choose who they think they are, parties nominated for president should be 15 states from alabama to alaska, and one territory. American samoa are holding primary elections. The race is already dominated by 2 candidates, such as President Joe Biden, from democrats, and its free to send through donald trump for the republicans. Nikki haley is still Donald Trumps only competition, but polls show he is oncourse to win at all. And our correspondent Benjamin Alvarez is in denver, colorado covering this super tuesday for us. Just explain to our viewers, benjamin what is so super about super tuesday. This is you mentioned 15 states a heading to a poll to decide who will be there . No, i mean, neither r