We are off session highs and off session lows perhaps restoking the trade war discussion, and they closed a percent, perhaps this gave investors that are looking for selling opportunities a bit of a window to do so. We saw a leg down again around 1 30 the dollar hit three year lows later on, and the dollar fell after treasury secretary Steve Mnuchin made comments, a weak dollar positive for trade, the weaker dollar pushing up the price of oil and gold, up higher by 20 bucks, for stocks, the nasdaq, weakest of the three averages, thats Still Holding to be true, and the weakest of the major s p sectors. Chip stocks, specifically weaker on pace for the worse day since the end of november, and Texas Instruments, the biggest drag in the chip group, the shares down as much as 9 at one point after an inline Earnings Report, but also the slowest Revenue Growth in a year, causing investors to rethink the prospect for Texas Instruments. Weakness in the tech stocks we watch closely, the faang gro
The deadline for greece is getting closer. Some say greece will deliver a reform proposal within this hour. We will be live in greece in athens and germany, as they await that proposal. Chinas getting a break from the selloff overnight. Big rally there. No one is breathing a sigh of relief just yet. Well break down what makes chinas markets so different from other Global Markets. Wait till you hear these statistics about the role individual investors play in the shanghai market specifically. Right now, lets show you how we stand on wall street we had a big rally on the open this morning. Slowly the air had been coming out of that rally. The dow was up more than 200 points on the open. A gain of 78 at 17,594. S p up ten, nasdaq up just 24 points. Apple is one of the drags on the dow today. Well follow that story, as well. A lot of moving parts and pieces over the next couple of hours. Lets get to bob pisani on the floor of the New York Stock Exchange. So far so good. Smooth open trading
Critically helping sentiment, china stocks recording their biggest twoday gain in seven years. A number of stocks there are still halted. Weve got the Portfolio Manager for fidelitys 2 billion china fund coming up. He says there are a lot of opportunities in the china market right now. Well tell you where. The latest data show the pc market is just getting clobbered. Its dying yet again. Could microsoft have a plan to revitalize that sector . Thats coming up. Also a new bill that could help patients get their treatments faster but at what cost . Well break down the fight brewing between Pharma Companies and doctors coming up. Troubling reports out today. Lets begin with greeces bailout and reaction from germany. Our reporters are still on the scene. Chief International Correspondent michelle cruisae a carusocabrera live in athens and Steve Liesman in frankfurt. There is new controversy around greeces former finance minister. He cannot stay out of the headlines even though he is no long
Crude down 21 in july. That makes this the worst month since 2008. As you can see exxon shares down 4. 5 . Chevron down 5 today. Coming up. Labor posted the smallest increase on record in the Second Quarter. They started keeping the data in 1982. We will hear from somebody who predicts a september rate hike is off the table. We found somebody who said it may not be. Our segment which is taking a toll on the consumer. We will hear from Royal Caribbean ceo whose companys stock is hitting an alltime high after beating expectations today. A lot to get toompt lets get to the crude oil, this miserable month. The damaging effects of the oil collapse on earnings. Good afternoon. Let me talk about the settle for crude oil. 4712 to give you perspective. The Second Lowest weekly close that we have seen this year a very bear signal to traders and down 21 on the month. Its worst month since october of 2008 in the heart of the financial crisis. Lets talk about the earnings because traders did not li
Its up another half a percent. Well get disneys earnings after the bell today. Apple is thought of as sort of the lead dog. Its the Largest Company out there. I think disney is the company to watch these days. What a performance it has turned in. Meanwhile, aetna out with earnings this morning. Its getting a big boost from medicare and medicaid these days. We have a first on cnbc interview with ceo mark bert bertolini. Breathtaking consolidation in that industry. Really looking forward to that. Also rock star and actor Rick Springfield is joining us at the New York Stock Exchange. Well talk about his latest film with meryl streep and what he thinks about taylor swifts harsh words for spotify. Ring springfield has sold 25 million albums in his career. Thats a lot of potatoes. Im sure he has some comments about streaming these days and whether or not that is a way for a musician to want to get paid whether the compensation is enough. Taylor swift says its not. As soon as you said he had