Im wilfred frost. My Favorite Song playing in the background. This is the song i walked down the aisle. I knew it was a lovely song. I didnt pickup. Lets get a check on global market. Looks like softness overseas. Potential lweighing on futures. Little change. Not even up one point. S p up half a point. Nasdaq up one full point. So the nasdaq is in the lead this morning. This after we did see declines. All three major embassies pulled off record close es yesterday. By a good half percent. This market has declined for a meaningful amount. Markets once again realized that its not always new highs each day, each week. Which we basically had for the last couple of weeks. Decedent declines. Absolutely and small moves. It was all about fed speak and check out the tenyear treasury note yield. Bonds sold off as well. That pushed yields higher. We see them move up a little bit. Unching higher towards 1. 58. We were in the low 1. 50s to start the week. The fed chatter that dominated yesterday is
Good morning and welcome to World Wide Exchange on cnbc. Im sara eisen. And im wilfred frost. Good morning to you from me as well. Throw back thursday. Some winning olympic spirit. These are the words i can see, but its not a classic sporting song. Its about winners. U. S. Has been winners in this olympic games. Lets check out the markets this morning. Show you with where we are. Flat to positive yesterday after stock traded lower most of the day. Looks like were mixed again this morning. Little moves here. Dow up two points. S p, futures up almost a point and the nasdaq is lower by negative 2 points. We have not seen a plus or negative 1 move on the stock market in 28 days. Looks like the pattern is set to continue this morning. We had one. 5 move this week which was wow. That was the biggest move in two weeks. Yesterday another flat session. As for the tenyear treasury note yield, yields have been increasing. Certainly off the lows and into the mid 150s. They backed off a bit. There
Welcome to power lunch. Weve got the s p and the nasdaq just above the flat line here in the green. The dow is down by. 1 of a percent. Brent crude back above 50 bucks a barrel. Wti crude up close to 11 over the past week. Both are in bull market territory right now. Take a look at oil stock, a fresh 2016 high. Heres what else is happening at this hour. Twitter suspending 235,000 terrorlinked accounts since february. Twitter says daily suspensions are up 80 since last year. Shares are down over 4 right now. Walmart beating expectations last quarter, thanks in part to groceries. Walmart shares also higher at this hour. Team usa continues to lead the medal count to the rio games. 94 in total. And 31 of those gold. Welcome, everybody. Theres a lot to get to today. We begin with the big breaking news on americas jails. The Justice Department planning to stop using private prisons. That is sending stocks lower, down more than 40 . Scott cohn joining us now by phone. Scott, what do you make
Story offing robbed. Rockety says the thieves posed as cops before pulling a gun. We got pulled over, the guy pulled out a gun, tapped it, i put my hands up, like whatever. He took our money, my wallet. Investigators say the men all have different versions of what happened. People under an Evacuation Order near berthoud can return home. Reporter wean tonight that 80 ache versus burned. And the folked their efforts on etc. Focused their efforts on protecting homes. Flames spread within reach of at least 20 homes. I know a few folks that live up there. Yeah. Im worry forward themful reporter its the second time this summer a wildfire has come close to courtneys home. I started gathering up important documents. Stuff from her birth. Just preparing. Reporter shifting winds proved challenging for firefighters. They spent hours trying to save a house, dousing a large wood pile and trees dangerously close to the home. Eventually the shed was lost and the wood pile got so intense, their best t
Home. Reporter wean tonight that 80 ache versus burned. And the fire is now 55 contained. Crews folked their efforts on etc. Focused their efforts on protecting homes. Flam homes. I know a few folks that live up there. Yeah. Im worry forward themful reporter its the second time this summer a wildfire has come close to courtneys home. I started gathering up important documents. Stuff from reporter shifting winds proved challenging for firefighters. They spent hours trying to save a house, dousing a large wood pile and trees dangerously close to the home. Eventually the shed was lost and the wood pile got so intense, crew his to stand back and do their best to keep the fire from spreading. Its so dry, and the dry conditions up here h biggest factor. Reporter we know that about 20 firefighters are staying up here overnight. They think it may not be until tomorrow evening that they have this fully contain. No injuries reported, and so far no homes lost to this fire. No word tonight on what