In europe, also eagerly anticipating the jobs report fractional losses across the board with the dax down 0. 2 a check on treasury yields, we have yields, the tenyear specifically, the lowest level since november of 2016 1. 96 on the tenyear. The 30year at 2. 47. The countdown to the employment report is on. Forecasters polled say the u. S. Likely added 165,000 nonfarm jobs in june the Unemployment Rate is expected to hold steady at 3. 6 . If those predictions are right, it wont likely be enough to discourage the fed from cutting Interest Rates later this month. Well have a lot of predictions about all of this. A developing story off the coast of gibraltar British Royal marines interce interceptintercep intercepted a super tanker they believed the super tachktar was heading to a syrian oil rig. Iran has demanded the tankers release. U. S. National security adviser john bolton praised the move calling it excellent news. Wti is down a percent. And samsung saying its Second Quarter profit
Earthquake rattling california, the strongest quake in two decades. And trouble for big tech names out there. Apple and facebook both experiencing outages over the fourth of july holiday its friday, july 5th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu. Brian sullivan is off today. Here is how your money and the Global Markets are setting up. Stock futures now pointing to a slightly lower open. The dow will go down by 38 points if these futures losses hold into regular cash trading you can see the s p off by 5 points the nasdaq down by 10. The bond market right now in focus ahead of that big jobs number in the United States. Tenyear u. S. Government note yields ticking slightly higher, just a hair below 1. 97 . 1. 78 for the twoyear note yield. On the european side of things, worth noting whats going on with the european bonds especially the german tenyear government bund. You can see there that bund trading at negative 39 basis point
Welcome to Worldwide Exchange, im sara eisen im wilfred frost your shachair all right . No, i have to move up good morning to you from me as well. Im wilfred frost. E lets check in on the Global Market picture futures are a bit down today after we saw fractional gains yesterday. A little bit of a pull back today. Less than in the european markets. Nasdaq down by 11 points dow 6, s p by 2. The fed minutes yesterday seen as a bit dovish, but at the margin it seems like theres a commitment to the normalization of policy, albeit perhaps rate hikes there remains division on. Tenyear treasury note, a bit of slippage yield to 2. 24 around that level again. Yields came off a bit because of the dovishness of the minutes and those political issues global bonds rising today as for the action in asia overnight, lets show you what happened after wall street lost much of its earlier rally. Japan closed in the red fractionally hong kong down a quarter percent. Shanghai comp and kospi in korea continu
And in europe, some of the early trading, you see some modest declines there ftse is the biggest decliner, down by a quarter percentage point. Look at whats going on with the dollar the dollar which has been under pressure broadly for many months, you can see its up against the euro today at 117. 06 down against the yen at 110. This morning wti down another 7 cents to 46. 71 President Trump disbanding those two Advisory Councils, the announcement coming as one council was dissolving already the president in bedminster, new jersey eamon javers is nearby in bridgewaters eamon . The president will wake up here in bedminster, new jersey to a changed landscape in the relationship between Corporate America and the president of the United States. We saw this dramatic moment yesterday as you just described as the elite ceo Advisory Council was deciding to disband. The president issuing a tweet saying he had instead folded both of his ceo Advisory Councils heres what the president put out. Rath