Are faring and as we do, given that employment number, the 10year note yield, Strong Performance for the equity markets in europe and there is a look at a yield that has come down a few basis points. Had been above 1. 6 yesterday. Crude up today reversing a slide recently. And well see how all the equity markets fair. The employment report ahead of the fed policy meeting later this month. Ladies . The Research Notes are flying in the inbox already. What are they saying in. Takes pressure off the fed, forget september, its not going to happen. Here we go again. Were in this perverse world where a disappointment on the economy, is very positive for equities. You see the rally, the dollar weakening, treasure yields go lower tells a tale of a fed that might not have to hike Interest Rates. Its not a total disaster in terms of the jobs report. If you break the report down it came in below consensus but were also coming off a strong stretch for june and july. Unemployment Holding Steady at 4
Welcome back. Scarlet the band is all back together. Julie we had stock slipped today, we had a run, now we are seeing a pause. That dollar, we talk about the , butlation between oil this year, the correlation of inverse correlation is really with the u. S. Dollar. We dont spend as much time talking about that. But that has happened this year as well. That said, we are seeing stocks pull back today in terms of the biggest drags on the s p 500. In particular, facebook is falling today. Intricately, Deutsche Bank says you should buy the stock on weakness. Deutsche bank is also saying that near term, theres an unfavorable set up in the stock knowing into earnings. It seems as though the focus is more on that part of the commentary. General electric is falling as well, pristine downgrading that stock valuation and underappreciated risk for the company, including a longer downturn in the oil and gas sector. Cisco and jpmorgan rounding out the top four drags we are seeing today. Scarlet stoc
Bill gates and many others have taken the ice bucket challenge. The chief executive describes how this is a form of movement marketing. All that and more. Lets get headlines from su keenan. , fresh from his appearance Steve Ballmer has resigned from microsoft board. It comes eight months after his the parts are as ceo. Steve ballmer remains microsofts top shelf holder. Home depot with alltime highs. Second quarter profit topped estimates. Itemsses of bigticket helped to drive earnings. Another stock hitting a record high, apple. Investors look ahead to new products. Those may jumpstart revenue growth. Those are the headlines. Unrest ining ferguson, missouri. Police fired teargas at protesters. 31 people were arrested. We are in missouri. Our reporter was there when violence broke out last night. We join them by telephone from st. Louis. Tell us what you saw. The streets of ferguson, missouri looked like a war zone. Like the Foreign Countries where the United States military is operatin
Will thrive this year. Billionaire bill gates and many others have taken the ice bucket challenge. Chief executive describes how it is a form of movement marketing. All that and more. We will have headlines from su keenan. Fresh from his appearance at this weeks Los Angeles Clippers rally, Steve Ballmer has resigned. It comes eight months after. He remains the top individual shareholder of microsoft. The companys secondquarter profits topped analyst estimates. Bigticket items like appliances helped to drive earnings. Another stock hitting another rickett point apple. Investors look ahead to new products and bigger screen iphones and wristwatch device that may jumpstart growth. Back to you. Unrest ining ferguson, missouri. Police fired tear gas at protesters. He was there when violence broke out last night and joint his via telephone from st. Louis. Tell us what you saw last night. Last month, the streets of ferguson, missouri look like a war zone. There was tear gas, smoke bombs, loud
Banks report earnings and revenue both handily beating estimates. Earnings dont symptom there. Ibm, and amazon in the next few days. And very close to home, an important week for the comcast time warner merger, a meeting with the department of justice is set to try to ensure that deal is not derailed we begin a new trading week Chinas Central Bank cutting the reserve ratio by one percentage point to stimulate lending. They still, guys a lot of no progress being made regarding greek talks and the deadline that is fast approaches. Then of course 472 Companies Report this week 146 in the s p. I think thursday is the single busiest day of earnings season this week. Industrials, Consumer Staples and technologies are the three groups up to be watching this morning. So far this morning looking pretty good. Even halliburton, which had gotten beat up obviously, managed to post a pretty good beat on the bottom line at least. Its probably worth pointing out that the move by china is very reall su