Of trading this week. The dax off by 0. 8 . ,f you lift out the stoxx 600 the biggest moving group is travel and leisure, perhaps no surprise. Switch up the board very quickly. Look at this. Dollaryen. Potentially the biggest weekly gain for dollar and in dollaryen in percentage terms in years. Treasuries having their worst week so far this year. 1. 54 of the u. S. 10year. David w. turning to the attack on nice, president hollande held an emergency meeting after 84 people were killed during a terror attack in the Southern City of nice. We turn to our bloomberg colleague who has been reporting on the story. Please bring us up to speed on what we know about this attack up to now. We know the name of the attacker now. Mohamed lahouaiej bouhlel. He has been identified as a 31yearold french tunisian national. Apparently, a family man with three children. His drivers license was found in the truck and police have man who was is the driving the truck into the crowd last night. He was not know
John. Michelle, the breaking news is that bob corker, the senator from tennessee, republican who chairs the Foreign Relations committee, has told the Washington Post he has withdrawn from consideration as Donald Trumps running mate. It underscores the question hanging over trumps running mate process, which is who exactly can he entice to run with him. Can he get given how controversial his reputation is, can he get a young rising star in republican politics, or does he got to pick somebody like newt gingrich, the former house speaker, chris christie, the governor of new jersey, who doesnt have much of an electoral future given controversies that have weighed them down. Bob corker is somebody who has been rising within the senate and in republican politics. He says the job of being the Vice President ial candidate is more political than he wants. That hes more of a policy guy. Not comfortable being the attack dog in the campaign. So he has taken himself out. Weve still got some others,
Were back. Back together. It literally feels like months. It has been. What Great Stories to cover. Absolutely. Well show you what theyre doing this morning. U. S. Futures under pressure after a selloff yesterday that sent the dow down a little less than 1 . Dow futures down. S p down 7. 6. Nasdaq down 22, but all the action has been in Government Bonds. A massive rush in into this safe haven treasury debt. Look at that 10year treasury note yield. We are in record territory. I think japans longterm bond went to zero this morning. It is unbelievable. Record bond buying across the board particularly out of uk. That out of fear, not confidence. I wonder when we get a moment that we think this is crazy. Every time you think that, it continues. Its the trade everybody has been wrong about. The reason we dont see it sell off is were not seeing inflation. I wonder if the uk will be the first one, not immediately, but with what youre seeing in the pound, do we see inflation pick up and if you
Now. The dow the s p and the nasdaq very little change, maybe a. 1 or two down. Also on our radar, walmart, reportedly cutting 7,000 back office jobs nationwide that stock is ticking up a bit. Tropical storm hermine bearing down on the gulf coast. Could make land fall by toonnig. Welcome everybody, guy adami is joining us for the two hours of power today. Were following a story out of Cape Canaveral florida. Lets go live to the cape with the latest. Reporter hey, brian, take a look behind me, its overcast because of that Tropical Storm thats making its way to florida. You can still see the smoke billowing out from the space x falcon 9 rocket that exploded earlier today on Cape Canaveral air force space station launch pad 40. The falcon 9 was scheduled to take the satellite launch to take it into orbit this saturday at 3 00 a. M. That satellite was manufactured by Israeli Aerospace industries. But facebook had a 95 million deal to use it over five years for internet. Org. This would hav