This is Andrew Liveris of dow chemical. Okay, well, we just met with the president. The group of ceos behind me and others. We had a dialogue with his team. The team was incredibly engaged but to say the president was engaged was an understatement. The meeting went way over the time allotted and we listened very carefully and he listened to us about the agenda that this administration wants to put forward to really revitalize the American Manufacturing economy. All of us are manufacturers in the United States. Were Global Companies. We create jobs. We create jobs and ecosystems, and we create jobs across the value chain. The conversation honed in on tax, regulatory and trade. He listened very carefully to everyone around me here on their specific issues and how to actually get some action around fixing some of the issues that are embedded in creating American Manufacturing jobs. The president was very generous with his team. Actually, towards the middle of the meeting or thereabouts, h
For sara today. Syoure wearing the appropriate color. I thought i would jump right nfrmt. In. Lets see what happened yesterday. Down day for all of the indices. 10 out of 11 sectors were down. Financials down 2. 89 , within that banks down more sharply, the best part of 5 . Very sharp moves to the down side yesterday for banks in particular. There was one positive sector, utilities, it wasnt just positive it was significantly positive up 1. 4 . That was the only sector higher. Some significant profit taking across the board yesterday. There is the s p Financial Sector suffering the biggest daily decline since the brexit fallout day, down 2. 9 . Tenyear treasury note has a lot to do with this. Yields slipped significantly yesterday. Now down 2. 4 . A couple weeks ago near 2. 6 . We had seen a flattening of the yield curve over the prior two weeks, the moves this week have been across the board. Yield s now at 2. 40. We have mick dahave economic ja japan. Exports rising 11 . Imports up 1
In europe things are in the red. The dax and cac are down 0. 6 . The ftse off by 0. 8 . Knitly, sto ly in italy, stocks are down about a percent. Right now the dollar is up against the euro which is trading at 1. 0874. Down against the yen. And crude oil has been weakening even as the dollar had been struggling with issues. Wpi down abo wti down by 1. 43 . Have we shown the tenyear . No. I would show the tenyear. 2. 40. I will do a story in a second talking about fed speak again. Who cares about the fed anymore, theyre irrelevant, not at 2. 40. 2. 40. We were on our way again. We were on our way again theoretically to 2. 60, 2. 70, 3 . What does that say . Does that say 1 gdp number in the First Quarter stays at 1 . None of these things in the trump agenda come on time . Or big as expected . Are they delayed . Does trump care lite mean tax reform light . Or do we even get the taxes . So these ive never been in congress, i never will be. But theres a lot of kabuki dance. I understand th
Yesterday the s p turned positive for the month of june in the last minute of trading. Check it out, the s p sectors are positive year to date. If you take a look at all of them, most of them are positive. The tell kom leading the way. The worst part is the financials. Take a look at the treasury. Still sitting there. Yesterday we saw it at 11. 5. Today 1. 4. People are looking at this as a safe haven. Tell you whats happening overnight in asia. While some of you have been sleeping, things do look up there. Margely up. I dont want to get too excited about it. Lets swing over to European Equity futures. These are actually happening live as we speak. Dax, cac, ftse 100 up. Again. Marginal picture. Italy margely down. Currencies real quick. Im curious, okay. No, i know. Just stable. Im thinking when do you plan the trip . I think a trip should be in order . He had gotten from hilton saying 30 off sell there. Already sending off ems. 30 trips to london simply because of the devaluation fac
And im brian sullivan. Crude oil falling again, and that seems to be hurting your investments today. The dow is down, not a lot, you can see 15 points, crude oil though is down 2. 5 . Many in the market not only watching oil but also looking ahead to Janet Yellens big speech later on this week. And of course were going to let you know everything you need to know about that coming up. Michelle. Hey, brian. Im michelle carusocabrera, heres what else is happening at this hour. Shares of Dunkin Brands up more than 2 tracking their best day since july 14. Automobile driving in the United States hitting a record 1. 5 trillion miles logged in the First Six Months of 2016. Thats up more than 3 from a year ago. Ralph lauren now joining speedo in dropping sponsorship of olympic Gold Medalist ryan lochte after he admitted to lying about being held up at gunpoint in rio. Lot to get through this hour. Going to start with the markets though. Market that no one seems to be trying to beat anymore. Ins