Now . Topical issues of bilateral allied relations were discussed by telephone between Vladimir Putin and president of uzbekistan shavkat mirziyoyev, as the Kremlin Press Service reported , the leaders discussed the prospects for the development of a strategic partnership. An alliance between moscow and tashkent was agreed. Ukrainian troops are again shelling donetsk with cluster munitions in the petrovsky district, a child and an elderly woman died. There are another wounded a civilian was a victim of a strike on the kuibyshev region militants are confronted by units of the southern group, troops aviation and artillery the situation in the dpr is being monitored by a war correspondent of the news alexander only a landing of 5 m high bricks flew roof all this is the whole village over there in this dust to breathe it was unbearably massed shelling of militants in isa petrovsky district hit the elderly quarters with a large caliber ukrainian militants rocket hit right in this residentia
Be more big moves next week. Oil staging another big rally today. Yesterday traders said it was mostly Short Covering. Could this be the beginning of a real rebound for the commodity . Weve got rbc commodity guru helena croft joining us live. We have bob pisani tracking the action here at the New York Stock Exchange. Kate rogers at the nasdaq and jackie d at the nymex. Finally more typical august day. There is a little fireworks in the energy space. S p 500, a narrower range, about 15 points. That would be more than normal on a typical day. Compared to what weve seen, other than a slight swoon in the middle of the day, its been fairly straight and narrow here. I want to show you what markets are doing here. Well call the trading range narrow. Volume on the heavy side. Not as heavy the prior four, five days. Heavy for a day in august. Breadth 32 advancing to declining. Thats been holding other than a droop in the middle of the day. Volatility is flat. Look at names like mid state petrol
We have world coverage here on daybreak asia. We will have the latest news from sydney. Betty and, follow from firing of theps fbi director, that stunning news earlier this week. We are live from our u. S. And asia headquarters. I am in new york, it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. A soggy day in asia, not just the weather. The markets, as well. Earnings at a retail with the biggest disappointment. Consumer staples were one of the better performers today on the s p. As you mentioned, that risk off coming into the market, we did fight back from the low of the session to close near the high of the session. Still on the red. S p down 2 10 of 1 . Losing. That makes it all the more poor and important to see direction in the market. An upside to the retail scale numbers tomorrow to see where the economy is headed. Numbers suggest a big rebound. Here is how asia is keeping things kicking things off in new zealand. Cautiousness, stocks down 1 10 of 1 .
Its nice to see you again. Good to be here. Lets get your view on the markets, weve had some Great Investors on this week who i say were decidedly cautious or negative on the market. Where do you stand . I think its tough to look at it as the market, and i think if thats the way youre looking at it, its hard to disagree with that. But the market has really divided into two groups. And those that are really in sync with the lower for longer philosophy that everybody has bought into, and you cant find a single one of those thats cheap, in fact, theyre at dizzying heights. And then those that are out of sync with the lower for longer Companies Like financial services, energy, basic materials, bthat are selling fo attractive valuations. Lower for longer plays like the yutilities and things the yield plays have gotten out of sync, too expensive . Its not only the utilities, its any stable low volatility, Free Cash Flowing stock, consumer staples, real estate. It includes some health care, s
The veto, only the third of Obama Hospira and see. Janet yellen obamas presidency. The fed chair got the attention of investors when she told the Senate Banking committee that an Interest Rate increase is in the works. The modification should be understood as reflecting the committees judgment the conditions have improved to the point where it will soon be at the case that the change in the target range could be warranted. Betty yellen will faced questions from House Financial Services panel. Greece has more work to do if it wants to keep getting aid. The new reforms from Alexis Tsipras clear the way for a fourmonth extension of the bailout. The imf managing director says the plans may not meet the lenders benchmarks. Christine lagarde says greece must do more. Ukraine talks yesterday between Foreign Ministers broke down to fingerpointing. Russia and ukraine lane each other for violating the ceasefire deal. President Obamas National Security advisor has sharp words for Benjamin Netanya