Holding in there at 16. Generally speaking, if it was down on last week, its up this week and vice versa. Vice versa, like the weather. Problems with tesla in hong kong meantime, millenials still love the stock. A look at why and well bring you the rest of the millenial musthave stock list as well. Plus, binge analyst dick bove says why hes bearish ahead of earnings kickoff favorite time of the season. I do like the anticipation and once it happens then what happens kind of all right. This right now feels like the exciting one got the Big Bank Earnings and big tech, United Health care is going to report. Well learn a lot in the next ten days. And happy amazon prime day coming up tonight. We start with the Amazon Effect hitting shares of best buy on reports that amazon is developing a geek squad competitor Courtney Reagan just back from italy has details for us. Hi there, bill. Go to see you. Amazon has quietly been building teams of Electronics Experts to offer inhome alexa training an
Oh, snap, oh, oh good morning and welcome to Worldwide Exchange on cnbc im sara eisen. Good morning from me as well. Lets check in on Global Markets, show you what Global Equities are doing after the nasdaq outperformed the three major averages, which were little changed, though you did see big moves, lower for instance in retailers. Walmart was the biggest drag on the dow yesterday. Prime day kicked off last night. Well get to that in a moment. Dow futures are higher, though s p futures are little changed, down less than half a point. And nasdaq futures are down about five points. As for the 10year treasury note yield, lets show you where we stand. We had yields come off recent highs yesterday, though not meaningfully, and were still sitting below 2. 40 on the 10year yield. Still multiyear highs. Yields moving up again today. Seemed like yesterday in europe it was single day of yields slipping a little bit. Data out of asia car sales returned to growth in june with total vehicle sales
U. S. Equity futures this hour, lets show you whats going on, suggesting a flat open s p opening lower 1 1 2 points, the dow slightly lower and the nasdaq lower by four overnight in asia, quiet session around the world, generally. Hang seng higher over 1. 5 , but t shanghai was lower european equities. The dax is higher by 0. 25 france and the ftse slightly lower. Italys higher by a third and spain is lower by 0. 25 . Their yields are backing up over there once again that has resumed take a look at crude wtis lower by 20 cents, a decline of 0. 5 , 44. 15. If youd like crude delivered in august pepsico just out with Quarterly Results. Sara eisen has the numbers 10 cents above on earnings, i see, sara. Sure looks like a big beat. Eps 1. 50, versus the 1. 40 expected it includes a 6cent gain from a sale, but its an estimate, so its unclear whether that factored into the analyst forecast, but either way, a beat on the profit line, a beat on revenues as well for pepsico, 15. 7 billion. The
Good morning to you. Im wilfred frost alongside seem se we saw the nasdaq decline yesterday, 8 out of 11 sectors were out more than 1 , real estate and telcos were the outperformers, but all sectors down. The likes of alcoa disappointing. Will that be a sign for the rest of earnings season . And the pound weighing on sentiment. Futures are called higher, pretty much flat but slightly higher. That may be because the pound rebounded. The fear that brexit could derail markets is helping futures this morning. We are up 1. 16 . It comes after theresa may made a concession to Parliament Offering to let Lawmakers Debate her brexit plan. This is important to focus on. Markets have rallied significantly on this. This is not a vote shes promising. All this move in terms of the pound falling, a lot of it related to the fact shes focusing on a hard brexit, not a soft brexit. If the rally is based on this, i think thats a slight overreaction. Its not a real concession, its yeah, well discuss it. Su
50. 99. Of course it was the rise in rates, the rise in the dollar yesterday that really took stocks down. It did. You know, the fed tell you what im looking up right now. Are you on facebook . No, looking up a quick nate silver. Theres different places to look. You can look at the betting markets on the election. But the now cast nate silver is almost 90 for a Hillary Clinton win. Above 80 in the polls. That whole narrative that the market goes up when it looks like Hillary Clinton is going to win. Weve done it here on cnbc. People saying theyve seen this trend. I dont know what happened yesterday. I think it also, if you start to believe the senate and the house could both go because of the rifts in the gop, im not sure any of this has to do with the 200 points. I didnt think it does. If youre looking to tie anything to the election, theres something in it for everyone. You could say now if it was undivided government, you had a Hillary Clinton presidency in both houses of congress,