What we had seen with the weakness last month. Overnight in asia, the nikkei actually was down almost 1 . The shanghai was up by a half percent. In europe you will see the dax is flat. So is the ftse cac is up. There are green arrows across the complex of stocks. The treasury markets this morning will be closely watched. The tenyear at this point is yielding above 2 . We want to start with some developing news. The New York Times reporting that President Trump approved military strikes on targets in iran that would be in retaliation for shooting down a surveillance drone but the mission was called off at the last minute eamon javers joins us in washington, d. C. With the latest good morning. The New York Times and the Washington Post are reporting that the president authorized these air strikes last night but backed off at some point subsequent to having authorized it the New York Times is reporting that the mission was under way. There were planes in the air, but missiles had not been
Amid heightened u. S. Iranian tensions. We have gasoline futures jumping this after an explosion and major fire at philadelphia area refinery. It is, by the way, the largest facility on the east coast. And slack soaring debut, shares poised to rally at the open but for other tech unicorns eyeing the public markets, is this a sign of peak ipo . Stocks are set to open lower after a record close for the s p. Multiple reports now say the president did approve military strikes against iran as retaliation for downing of a u. S. Drone and later backed off. S p still on pace for the best june since 1955. The nasdaq leading the major indices this month up a percent jim, how much further are people willing to go on the risk curve given the activity today i think were getting too close to the g20. I think that yesterday was a day where there was a frenzy of froth and euphoria i havent seen in a long time. A lot of stocks up 7, 8, 9 points and nothing had happened. I think were all starting to rea
Cents. The price of gold holding steady. Its up just a little. Have we got a price there . Okay. We will get to it later. Its 1300 an ounce. What did you say . 14 . Gold is 1400 an ounce this morning. Big gain yesterday, a fractional gain this morning. Got that. Investors do not know what to make of this. Chinas leader goes to north korea. Interesting that right after that visit was announced, President Trump called xi jinping and worked out an extended meeting. So its a threeway dance and no one knows whether it helps the trade talks or not. Look at this, too. After a big rally yesterday, no significant pullback this morning. Yes, the dow, the s p, the nasdaq, they will all open lower but all three are still at or very close to their alltime highs, despite whats going on around the world. Go figure, maybe. Friday morning. Varney company about to begin. Stuart want you to see the video. Look at it. Its cooling down a little bit now but that was a massive explosion at an oil refinery in
Through, but weve been talking about it since the president not just on the campaign, but took office. Mexico has the ability to step up and do more. The president has been asking them for months to do that, and now he is putting some measures in place that hopefully will get them to engage more so that they will start to help us in this process. But a source close to the white house tells cnbc the treasury secretary Steve Mnuchin and u. S. Trade representative Robert Lighthizer oppose this move. Senate finance Committee Chair Charles Grassley slammed it as a misuse of president ial tariff authority. Mexicos president says his country wont respond with desperation but will push for dialogue with the United States. He said he would send his foreign minister to washington to try to roach each an agreeme. However, that wasnt enough to soothe concerns on wall street. Check out the big board again. Hit session lows between 2 00 and 3 00 and started to see some improveme improvement. Right n
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