2,094. We got to get to dominick chu. He has a market flash. Global retail now. Earlier in the past hour we told you the news about walmart taking a 5 stake in jd. Com. Theyre going to swapt businesses a little bit. Walmart giving over the china operations to jd. Com and getting a 5 share. They were up about 8 pat going into that trading halt. They are now up about 8 . So trading just a little bit below where they were when that news first came out. Just call to your attention what is happening. There again, michelle, all of this on that bit of news that walmart is turning over its walmart china operations. It now be operated by jd. Com. And i guess in compensation for that, walmart will get a 5 stake, approximately in, jd. Com. Back to you. Operating in china has been tough for a lot of u. S. Retailers. Home depot got out of there a long time ago. They were so frustrated. Absolutely. One more thing, of course, youre talking about dealing with this whole on line marketplace phenomenon
Spp a s p. Are the brexit fears behind us, we ask . Lavin th lebenthal what do you say . Be frank. As summer goes on more headlines, more scares of other countries leaving the european union. The uncertainty the market hates. Taking down a Major Institution like the eu. Were in the clear for now, but i do think this is going to be a choppy summer. Having said that, range bound between 1900 and 2100 for the foreseeable future on the s p 500. Easy to be enthralled by the green arrows. Bond market, tenyear treasury yield pinned to 1. 46 . Not seeing commensurate move in the safe havens of bonds and stocks . Markets gone nowhere 18 months. Look where we are now and the fact theres the fact that got us there versus before june 23rd. You have to come to the conclusion the Global Economy is worse off. That the circumstances are worse off, and that monetary stimulus, which had gotten us to where we are, which is flat, is ineffective in terms of how much more it can contribute, and if they go m
France the leader in terms of at least downside. The 10year note yield you ask, show you where we are. 1. 54 and crude is, of course, one of the key parts of the story here. It is up, but yesterday started up, and ended down. Took us with it on the broader markets. It would seem oil once again starting to core core late with the market overall. We will be watching it closely. Lets get to our road map this morning. And were going to start with Hillary Clinton. Getting a big endorsement from a major gop player, meg whitman, as the hewlettpackard executive calls donald trump a demagog. Time warner takes a 10 stake in hulu and the company raising its outlook, Strong Quarter, stock up on the news. We will give you more. Aig shares up nicely after that company beat earnings estimates. Helped by lower expenses. Announcing a 3 billion increase in its buyback. By the way we will talk to its ceo Peter Hancock later in this hour. There you go. Because that is the biggest upside surprise to them.
Lee. Good morning, susan. Good morning. Good to see you as always. Great to have susan with us. Lets get to the market action. Futures at this hour are pointing to a slightly positive open. But as you can see, its essentially the s p higher by 0. 2 . The dow just below flat. The nasdaq just above flat. We did hit alltime highs last week. Gains for the week, more muted. The s p and the dow up less than hf half a percent. Tech was the best performing sector after notable earnings. The tenyear yield, a tight range last week in and around 1. 55, 1. 6 and were in that range again now. 1. 587. Volumes for the week, hopefully coming back from vacation lets get the top corporate story. Verizon set to announce to buy yahoo for around 5 billion. Reports are that yahoo will no longer be an operating company. Instead, it will be a Holding Company for stakes in alibaba. Yahoo says marissa myer not expected to stay on after this deal is completed. At last, we think we have the deal and the announcem
Now. S. Lets check on the groebl markets this morning. Show you the action after stocks fell yesterday in the u. S. For the second day in three sessions. Looks like dow futures under a bit of pressure. Not a whole lot of action. S p futures down two as well. Nasdaq futures down five. Weve got a boat load of earnings, including several key dow components including mcdonalds and apple coming your way later. Fed kick off a twoday meeting. Weve got the 10year treasury note yield a bit lower this morning. 1. 54 so some buying off of a selloff particularly in japan overnight. Those stock mashlgts we just saw in the u. S. , yes weve seen them sell off a bit yesterday, but the dow and s p over 3 month to date. Nasdaq over 5 . Similar kind of moves in europe and asia so far this month so we have seen a bit of profit taking over the last couple of days. The ftse and cac are up 3 . The dax is up over 5 month to date. The fact were seeing a little bit of selling across the screens. Most part, hold