41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Facebook. Alphabet. And, amazon. And, i gotta tell you, 4 for 4 is pretty impressive. You see the nasdaq holding in there. Playing catchup. I didnt think we would go through the gauntlet unscathed. I felt one of them would screw up. I think the worst one was amazon and that was pretty great. It was not as huge an upside. And i have to tell you, their Conference Call has gone back to this opaque nature i cant stand. You know why the quarter was good . A fly wheel. Fly wheel . Thats like isnt that like p
It is officially official, as you said, donald trump after a day of leaks yesterday now tweeting out the news that he has picked indiana governor mike pence as his running mate and potential Vice President of the United States of america if trump should win. Heres the tweet just a little while ago donald trump put out. I am pleased to announce that i have chosen governor mike pence as my Vice President ial running mate. News Conference Tomorrow at 11 00 a. M. That News Conference was initially scheduled for today. The trump folks have postponed it in the wake of the terrorist attack in france. But meanwhile, maybe not such good news on the polling front for the trump candidacy. Look at these battleground polls now in key states. Clinton versus trump headtohead matchups in colorado, 43 clinton, 35 trump. In florida, 44 clinton, 37 trump. North carolina, 44 again for clinton, 38 for trump. And in virginia, a state that once was reliablely republican, thats 44 clinton, trump 35 there. So,
Server while she was secretary of state. A server that had information that was classified. The Clinton Campaign responding now. Lets get straight to john harwood in the nations capital. John. Hillary clinton as you suggested is off the hook legally, but not so much politically. Now, first of all we just gotten a response from brian fallon, her press secretary, to james comey, the fbi directors statement. And he said in that statement that the Clinton Campaign is pleased that no further action will result, was recommended by the career professionals that Hillary Clinton has said it was a mistake to use a private server and wouldnt repeat it again. But theyre glad to move on. And they consider the matter resolved. But the surprise today was not that no charges were recommended by the fbi, the surprise was how strongly james comey the fbi director criticized Hillary Clinton for how she handled email. And with that in mind let me just go back to an interview i had with secretary clinton i
Now. S. Lets check on the groebl markets this morning. Show you the action after stocks fell yesterday in the u. S. For the second day in three sessions. Looks like dow futures under a bit of pressure. Not a whole lot of action. S p futures down two as well. Nasdaq futures down five. Weve got a boat load of earnings, including several key dow components including mcdonalds and apple coming your way later. Fed kick off a twoday meeting. Weve got the 10year treasury note yield a bit lower this morning. 1. 54 so some buying off of a selloff particularly in japan overnight. Those stock mashlgts we just saw in the u. S. , yes weve seen them sell off a bit yesterday, but the dow and s p over 3 month to date. Nasdaq over 5 . Similar kind of moves in europe and asia so far this month so we have seen a bit of profit taking over the last couple of days. The ftse and cac are up 3 . The dax is up over 5 month to date. The fact were seeing a little bit of selling across the screens. Most part, hold
Over . I dont know about over. Just pause. We rallied so much from the brexit news so quickly. Surprised just about everybody, i would say. Myself included. I think we pause. Back and fill. A big week in terms of the jobs number friday. Earnings next week. Get more color from what companies, what theyre saying. What is clear, mel, rates are staying low. Even if they dont stay this low, theyre going to stay low. So what you are seeing today is kind of the continuation of chase for yield. I have been positioning a little more u. S. , a little more high quality, and certainly dividend, where i see dividend growing. Maybe theres a little arbitrage. How do you get yourself to stay in yields at this point . Consumer staples, sectoring doing well today. Joe, isnt it hard to stay in those trades at these valuations . I dont know. You could have made the argument three, four years ago about the defense for yield strategy. Consumer staples, a potential for global m a. Geographically, where can w