Markets looking to start the week to the upside. Futures inching higher this morning take a look there. The dow jones up about 71 points the nasdaq up about 63, and the s p 500 indicated higher by just about 10 points. This after markets finished a little change on friday. Retail, of course, and focus this week earnings expected from heavy hitters including walmart home depot lohse and target fighting back former mcdonalds ceo steve easter brook is slamming lawsuit from the company over his severance his defense later this hour. And heat wave, brutal temperatures hit the west, threatening the power grid in california. Plus, the state of travel airports bracing for a whole new world of changes at checkin what you need to know before heading to the airport. Mornings with maria is live right now. And were taking a look at the european markets edging higher as well. Take a look there the ftse higher and now investors are keeping the focus on travel restrictions, and u. S. China trade tensi
Is a second percentile move going back to 73. Look, if youre a stock guy, youre thrilled because we are so tired of hearing on a Constant Currency basis. This time it could be very big earnings for a lot of Companies Overseas and Procter Gamble and really, really well in this environment. J j does really well the gold run is a combination of Central Banks printing money and also a pest misimistic view on is going to happen with covid we try ceos who are very excited about their vaccine the more people say this is going to end and at the same time we have a huge spring board because of all the money being printed. Things will be good. David, ive never seen a moment where you have a coiled spring if good news happens, but if you dont get a vaccine, just get ready for another one of these things in a couple months. Well, i mean, were looking right now at the board there were showing moderna and the progress, jim, that they have made towards a vaccine the news this morning, of course, is t
Disappoints with guidance despite a stellar Earnings Report china meanwhile puts a dent in audis forecast sending shares in parent vw lower. Theres a new word around town, the fed saying only some improvement in the labor market is now required for rates to go up. Good morning to everyone. We have so much to talk about today. Lets kick things off with earnings. European markets are rallying across the board amid a raft of corporate earnings. Lets kick things off with the bank shares of Deutsche Bank generalnys largest lender plagued by litigation costs. Investors are optimistic that john krein can set the bank on a different path. Rbs soars to the top of the ftse after the Company Posted surprise profit the statebacked lender speeding up its restructuring plans and booking a 1. 1 billion pound charge in the process. A sharp rise in Second Quarter profit. Weaker performance in the homes market is offset by better results in the uk and United States for santander. Deutsche bank everyone
The eu wants to fasttrack asylum decisions in greece and the wants of turkey. They are throwing another 3. 4 billion, but it has watered down earlier assurances for turkey to join the eu. Dilmaters are angry that rousseff has added luiz inacio da dilva to her cabinet. Turning to the ncaa tournament, how many haveder entered in our bloomberg brackets. Has comes the ivy league. Yale upset baylor. It is their first appearance in the tournament since 1962. We saw a mixed session. The shanghai capping off its best week in june. Month, the 10 year , stocks bouncing around a little bit. Oil prices had been putting pressure on Energy Producers in europe. Taking a u. S. Feet taking a it means. S. Futures, that we are now year today positive. This is the fastest recovery we have seen at the beginning of a year according to bloomberg data. There is a lot of debate over whether it is justified. Pound weakness as well. Not much change in the dollar versus the yen. We have been have a ring of this l
Announcement come thursday, thats a twoday meeting, wednesday and thursday. You can see ahead of that the dow futures look like theyre up ahead 36 points. S p up by 4, nasdaq up by 15. We have a couple of big market stories were watching this morning. Disappointing Economic Data. Fixed Asset Investment industrial producing falling short of estimates. Retail sales did come in stronger than expected. Shanghai composite closing down nearly 3 . Volatile session shows that the index is dropping as much as 7 at one point. In other news out of china, government announcing that excuse me, government officials announcing that beijing will work to reform its own huge state owned enterprises and introduce mixed ownership. And in europe today interior ministers are meeting to talk about the migrant crisis and how countries can share new arrivals. Germany temporarily introducing Border Controls saying the move is urgently needed for reasons of security and to curb the large number of migrants. They