Im wilfred frost along with Morgan Brennan in for sara today. Good morning. Good morning. Great to be here. Great to have you with us. Not just any friday, new music friday. Were kicking off the show with lo lordes brandnew song. The e is silent, much to the amusement. This is very peppy for lorde. Im digging it. Its called green light. Lets get to the Market Action. Lets look at what your money is doing this morning. Starting with u. S. Equity futures. We have got red today. We have the dow jones indicated to open lower by 35 points. The s p poised to open 6 points lower. The nasdaq down 15 points. This after stocks took a pause yesterday given the record rally we have seen in recent days. 9 of 11 s p sectors yesterday finished lower. Led down by financials. Caterpillar was the biggest negative after federal agents searched their offices, something i reported on throughout the day yesterday. Even so, we are on track for all three of these indexes to close the week in the green. Turnin
Mathisen is somehow not wearing a tie. More than Economic Data never takes off and you got some big data earlier today. Lets find out what it may say about the economy and your money with the very bespoke Steve Liesman. I may take my tie off. The bad news is that with this mornings revision, we couldnt even get to 1 for First Quarter growth. Q1 actual up 0. 8 . That is an upward revision. There would be hopes for a whole number. 1 couldnt make it. The good news is that weakness is so far not spread to economists for this quarter. Here is the cnbc rapid update. There is news in this, folks. Its unchanged. The yfd a rebound remains intact. And some big guys like Goldman Sachs had the upper range there of 3 . Here are the details of the gdp number. Consumer spending that, is the big disappointment. Still at 1. 9 . Business investment revised downward. Businesses are simply not spending out there. Housing is strong. Revisions upwards to net trade. Exports were a little better. Imports a li
Bonds as we get q2 gdp this time tomorrow. Earnings, the busiest day of the season. Majors like facebook and ford on the move, dow chemical, inside look of the quarter from andrew. Hey, you get on to my cloud. Oracle buying netsuite for 9. 3 billion citing strats youlike synergies. The final day of the Democratic National convention ringing endorsements for Hillary Clinton from the president and Mike Bloomberg last night. The candidate takes the stage tonight and we will go live to philadelphia. First up, facebook with a massive earnings beat that has the stock set to hit alltime highs this morning. Eps 97 cents, beats by 15 cents, 6. 4 billion in revenue, monthly active users 1. 71 billion an mobile continues to grow, mobile ads 84 of the ads that facebook shows. Mark zuckerberg stressed video again and again on the call. Even turning a question about pokemon into an answer about video. Take a listen. One of the big themes were talking about here is becoming video first. Right. And as
Coming up. Weve got the model for you that are affected. Markets this morning look like this. Futures showing direction. All expect today open lower this morning but just by a fraction. This is off of the worst levels of the morning. Coming up we are taking a look at the ipo market, shows signs of life n. Europe this morning mixed actions. The cac quarante in paris down almost 1 and germany down three quarters of one percent. Nikkei average in japan up, better than 2 . Japanese yen fell against the dollar and that certainly moved money into equities. Jersey burning after 49ers quarterback kaepernick refuse today stand for the anthem. [music] maria feeling the show with 16minute performance and controversial tribute. Weve got it for you, all the highlights there and low lights coming up on the mtv music video awards. Recon capital kevin kelly, democratic strategist harlan hill. Gentlemen, good to see you. [laughter] maria i like that. Thank you so much. Look, this is it. Final week ahea
2027488002. Independents, 2027488002. You can also catch up with us on social media, on twitter, cspanwj. On facebook, its facebook. Com cspan. Very good monday morning to you. We begin with some of the headlines following this weekends violence. Heres the front page of the Washington Post this morning, three cases widen terror fears is the headline. To the front page of the New York Post in new york, city on edge, talking about the chelsea terror attack. Thats the bombing, 29 injured in that bombing on saturday night. To the front page of the Washington Times this morning, the headline there, terrorism suspected in a series of attacks, front page of the New York Daily News this morning, simply goes with terror. And to the front page of the wall street journal, u. S. Attacks stoke unease is the headline there. As youre reading these headlines this morning, were simply asking to you bring us into your breakfast table conversation. What are you talking about when it comes to how safe nuf