Good morning welcome to Worldwide Exchange on cnbc. Im dominic chu. Im seema mody in for wilfred frost and sara today this morning we are seeing some red after a big green day yesterday. You can see for right now we have an implied open on the dow of down just about 180 points. The s p indicated to open down by 16 and the nasdaq down by 29, 30 points. A nice 410point gain for the dow yesterday maybe sets things up for a breather today. Well see if that selling pressure holds steady or gets exacerbated. The tenyear note yield, a bit of a bid to treasury bonds, so yields are lower this time yesterday we watched and saw the tenyear treasury note yield around 2. 88, almost 2. 89 . You can see now 2. 83 is where we stand on that u. S. Tenyear treasury note. Lets look at stocks in asia overnight. Asian stocks closing higher with the exception of japan, which closed lower by 0. 7 thats due in part to the rising yen. You can see a strong move for the shanghai composite the kospi higher by 0. 4
Hasnt gapped down on earnings more than 5 in 17 years so by that narrow lane, its pretty significant selloff absolutely. Its down about 10 right now. So that really speaks to just how much investors dont like this report today. Its interesting though i mean, compared to amazon which can kind of turn off earnings whenever they want just as long as it shows up on the growth side, you got to wonder are they just sort of caught in the middle here where maybe theyre not investing quite enough to drive that online revenue but they still feel like they need to preserve the profit and maybe they need to pick a side caught between the cost of all the investments and its getting more to transport goods around the country so all those combining that is the margin story on walmart today. Absolutely. And labor costs, of course, have been going up. And some of that has been by their own measure, the fact theyre looking to increase wages. But its also, i mean, i think its also kind of interesting giv
Yours biggest bank. Europes biggest bank. Europes biggest bank, hsbc, has reported a big jump in profits for last year. But its mainly because its been able to shake off the huge costs the company has faced in restructuring after a string of problems. It means there will be a strong base to build on when the new chief executive, john flint, takes the reigns from stuart guillver on wednesday. The numbers show that hsbc made a pre tax profit of 17. 2 billion for the calendar year of 2017. Thats up a massive 1a1 on the 7. 1 billion in made the year before. However, its still below expectations. The bank says adjusted pre tax profit of 21 billion gives a better idea of how the business is performing. It excludes one off items and Foreign Exchange losses and was up 11 on a year ago. The banks desire to focus more on asia, including expanding in china, is paying off too with 75 of profits now coming from the region. But despite these good numbers, the bank continues to have problems with the
1. 25 . Still a mixed picture here as we continue to see these swing back and forth from the major averages. Look at the s p 500 on an intraday basis, and stocks open lower, and of rising to the highs of the session around 11 15 or so, and have been shopping around for the rest of the day. Some of it it appears where the equity markets were getting this were from the bond markets to some degree, particularly around 1 00 p. M. That is when we got the results of the latest bond auction in the u. S. A 10 year option, 24 billion worth. The weakest result we have seen in five months time. After the auction, we saw yields go to the highs of the session. That is not to say that every move and take in this equity and rally has been pushed around by the bond market, but investors are watching what is going on in bonds to some degree. Also, we are watching what is happening with oil. We see a for data klein in oil prices that amounts to the worst that we have seen in more than six months. You se
25 . That is not the big number. It is boosting its dividend by a whopping 38 . The market wanted more. It is a big week for a bonds as treasuries reopen. Will investors drive the 10 year through 3 . Good morning. Lets talk about these markets and get into the details of what you need to know. The fair value london fairly flat. Interesting to see how hsbc opens. It will be interesting to see how bhp opens. Bhp really flat. Hsbc trading lower. That is the picture. That is the set up into europe. Lets take a look that dmx talk about asian trade is going. Hong kong dominated by what happened with hsbc. Korea, indonesia trading softer. Europe generally a little bit softer. The dollar is trading higher. That is something to Pay Attention to. This is what some of the asian currencies are doing right now. Interesting. Is iron ore is where the weakness lay in the numbers. Copper is well bid. You got some of the Agricultural Prices coming back. They have been on a great run. We are going to tal