Russell 2000 up by. 78 . West texas at 53. 13 up 1. 48 or nearly 3 . The 10year note theres the yield at 2. 28 . The price is lower, the yield a little bit higher. Mandy drury today on the floor of the nyse with bob pisani. Seems like this has been where all the actions been this week, ty. Seemed like the likely place to come down to. Bob, fantastic job yesterday covering the big event. But in terms of todays action, we opened up with big volume. 249 to the up side. Why are we losing steam here . I think there is some realization that greece is still very iffy and china, the gains yesterday, theres a lot of companies that respect even trading there. Some people are saying we dont know whats going on in china. The bottom line is were keying off of greece and china. We did have very smooth opening at the New York Stock Exchange. The nyse said that outage was caused by a Software Rollout that caused Communications Issues between customers. Talk about that later. But it was a strong open a
At 4,994, close to 5,000 obviously. At 1,249 is where you find the russell. Bob pisani is at the New York Stock Exchange. Janet yellen is giving her prepared speech in cleveland. Have we seen any kind of reaction in the stock or bond markets . It didnt have to be because the whole world gapped up at the open. I would say modest reaction but no big surprises in her commentary. Important thing is what happened overnight. Were 51 almost advancing to declining stocks. Its been that way almost the whole morning. Tech materials, consumer staples, financials, all the riskon group here everything is up 1 because the whole world went up 1 . The s p 500, we gapped up 20 points at the open. Thats really rare folks. Thats 1 right at the open. That was on greece. We surged overnight when the details on the greece talks came out and they were offering concessions, at least from the greek side. It even happened more strongly in germany. We had a 2 gap up in germany. You can see the Straight Line ther
Were the two profit drivers in the Second Quarter for General Motors and more importantly for investors, margins were above 10 and for the remainder of this year General Motors expects business to be Even Stronger in part because of pickup trucks in north america. Our pickup share in the Second Quarter was up close to 3 Percentage Points on a year over year basis. So we continue to see a lot of Strong Demand for fullsize pickups, suvs and crossovers. To drive that point home think about this. Year to date General Motors pickup sales, both fullsize and midsize up 25 . Thats one reason why gm is doing so well in north america which we saw in the 2q numbers. Eli lilly beat the street. Meg tirrell, the Company Raised its forecast for the year. The beat on the adjusted earnings was 16 cents. Raise only by 10 cents though. Ceo on squawk box this morning address what went into that question. As we are launching products and bringing drugs through our late stage pipeline that drives certain am
Negatively. The dow opened lower, the nasdaq lower by 6. We had a multibillion dollar deal. Teva acquiring allergan. We should tell you that teva is officially withdrawing its off for mylan. You may have remembered they made that offer as a hostile offer. It was not morninging. Mylan which located outside of the u. S. Became a bizarre beneficiary of moving outside because of the way the governments rules work abroad were they relocated it made it much more difficult for teva to pursue a deal. How do you think the mylan shareholders feel about the big fight . How do they feel this morning . In the immediate case i think that they cant be thrilled. Longterm, mylans ceo has made the argument and i actually buy it that theres more value to them reinvesting by reinvesting and being independent. So well see what happens there. Can i ask a really important question . Yes. Friends of mine would like to know. Does this get us any closer to a botox thats what friends would like to know . I have
Olivia i like that. Newreece, may have elections to get rid of dissenting voices in his own party. Alexis tsipras said he would quit and copper new elections. He has been in office eight months and he was elected on an antiausterity platform but agreed to more tax hikes and spending cuts to get a badly needed a lot. Greeks, women and men, i want to be absolutely honest with you. We did not achieve the deal we were hoping for before elections in january, but we did not face the reaction we expected. In this battle, we make concessions but we brought a deal that given the overwhelming negative correlation in europe and given what we inherited from the absolute binding of the country in terms of the memoranda austerity measures, that was the best one that could succeed. Greece could hold an election as early as september 20. It received the first chunk of the 95 billion bailout this week which it used in part to pay back the ecb. In turkey, the president is faring is hearing up to call fo