Head to pang chayeongchang in a minutes. Were joined by senior Portfolio Manager chief equity strategist bob doll bob, you know, were watching markets this morning sort of bounce around. The s p 500 actually kind of firmly in the green right now. It has been very strong week following that roughly 10 correction where are we right now well, that we bounced i dont think should be any surprise we got the positive technical divergences last week. The surprise is how far and how fast we have bounced its amazing you cant keep a good thing down, i guess. Our view was, you know, 2700 plus or minus 50 s p 500 points and were at the upper end of that now so were going to have to make some decisions here. Were going to have to, i think, pause and do some testing at some point well see what that looks like but this rally this week has been pretty amazing. I agree with you when you say we have to make some decisions here, what do you mean yeah, do we take some money off the table . Do we lower beta
Gains and losses for much of the day before surging in the final hour of trading. The dow travelled 5500 points in total when you add up all the moves. With yesterdays rally the dow and nasdaq recovered about half of mondays losses show you whats happening in asia. S generally improved asian markets were mixed, flat hang seng lower by almost 1 shanghai off by 1. 2 europe this morning, positive across the board gains of a half percent generally. Lets go show you whats going on with the yields which has been so interesting in the wake of that wage data on friday the 30year is yielding 3. 03 . Tenyear note at 2. 7 2. 76 we had gotten up to 2. 88 on monday that led to a lot of selling its a key level well talk a lot about as we move through the morning. Fiveyear note at 2. 49 the twoyear at 2. 0. Well have more on the markets as you can imagine in just a moment we have also a breaking Corporate News story making a lot of waves steve wynn is now officially out as ceo of his Company Followin
A mostly cloudy conditions all across the bay Area Temperatures are a little bit money out there looking your open disk platter for today and the low 60s by 10654 and then lunch time 69 degrees mostly sunny skies the cause will be clearing out afternoon high of 73 by 4 00 p. M. Sunday was the senate conditions and then south western breeze with 50 m. P. H. This ability not too bad in fact clear visibility for oakland sfo down 4 mi. For Half Moon Bay along the coast and then to the jurors right now low 60s and Francisco Oakland 60s and manioc and san jose. And then in the north bay a mix of the upper 50s nevada lower 60s and santa rosa and a comeback we break down your highs for you in the space and let you know when the warmup has and this way enormous state and the next seven bhakti of. A war marty in for you this morning plan on driving across the Golden Gate Bridge or remind you all to live a the construction there the will drive which leads to the Golden Gate Bridge is closed this
Will determine whether the country gets a new bailout. Prime minister Alexis Tsipras is counting on members of the opposition to get the plan through. Last night the Prime Minister said he agreed to the deal only because he had a knife on my neck. The result of the euro summit and the eurogroup was the result from the pressure put on a country and on a people who have decided to go in different way. Vonnie a new report questions whether greece can deliver those Economic Reforms without debt restructuring. In china, betterthanexpected news about the economy did not boost investor confidence. The benchmark shanghai index fell. Earlier china said secondquarter gdp rose at an annual rate of 7 , which beat estimates. Chinas central bank has cut Interest Rates four time since last november. The fight over the Iranian Nuclear deal has shifted from vienna to capitol hill. Negotiators said the agreement would prevent iran from building a nuclear weapon. But hours after the announcement, House S
Host good to have you with us. We begin with turkeys turkeys growing aggression against the Kurdish Military group, the pkk. Turkish planes have reportedly hit pkk targets in Northern Iraq including shelters, daves, and storage units. The bombings came after and it caves, and storage units. An estimated 200 kurdish fighters have died in airstrikes in recent days. Lets pull in our correspondent, dorian jones. He is on the story for us. What more do we know about these latest attacks against the kurds . Dorian they follow the killing of three kurdish soldiers in an ambush in turkey. They are backed up by turkish artillery targeting 100 20 targets. This follows a bombardment two days ago which involved 17 jets hitting targets in turkey and iraq. That number could be surpassed, as further attacks are expected to night. Fohe purpose of context, this and the Islamic State. There were 75 strikes against the pkk and only three against Islamic State. It doesppear the military is totally focused