Looks like almost a half a percent drop for both the ftse and the dax in germany. In the u. S. , a packed Economic Calendar today. At 8 30, weekly jobless claims. July cpi and empire state survey. Then at 9 00, tick data. 15 minutes later, july industrial production. At 10 00, the philly fed survey and the National Association of Home Builders survey. And the consumer is in focus once again today. Walmart and kohls among the names to show results before the bell. Well be hearing from dell. This is a little bit of a surprise because the pc maker was originally scheduled to report results next week. No shortage of numbers to be running through. Lots to do today. In other economic news, u. S. Home foreclosures on track for a sixyear low. Foreclosure listing firm realty tracks shows 30,000 homes last month, thats down 31 from july last year. Though up 4 from june. Demand for physical gold soaring 53 in the Second Quarter. The World Gold Council reports the jump was led by opportunistic buy
These people turn to washington and try to see the Federal Reserve whether or not they would begin to taper the bond buying. We will get to some movers in a moment, couple of things, the 10year, and gold just spiked moments ago up 26. Keep an eye on gold. I wanted to take a look at walmart and cisco with two down components. Cisco systems carbon 5 of their global workforce. Back to you. Ashley thank you very much. Lori a reflection of the cpi, shows a little inflation in the system. Lets talk about the data they lose. The latest reading on the fed installment is the and Atlantic Region slow down more than expected in august. The news isnt much better in the new york area. Edging up 0. 2 in line with estimates. A bit of good news. Initial jobless claims fell more than expected to be lowest level in six years, so the best levels since the end of the recession. Does that mean a september tapering is more likely . Wells fargo senior economist. We have a stock selloff and a bond selling off
45 names scheduled to report this week. Well, today with u. S. Markets closed, Global Investors are watching two Big International stories. One in europe, the other in asia. In europe germanys largest bank, Deutsche Bank, reporting an unexpected net loss of 1. 35 billion for the Fourth Quarter. The firm saying 2014 will be a year of challenges, but it does expect to reach its 2015 target. And over in asia, china, the worlds second largest economy, reporting Economic Growth of 7. 7 last year. Well be digging through those numbers, finding out what to expect this year. Thats in just a moment. And speaking of overseas, liz claman will be live in davos, switzerland, all week with a huge lineup of guests from the World Economic forum. On wednesday her guests will include pierre due point, imaxs ceo and ernie sorenson. And thursday liz will be talking to ciscos john chambers, renault nissans carlos [inaudible] cocacolas muhtar tent and citigroups michael corbett, and you dont want to miss an
That doesnt show good news for the economy and the like. The fear index has been to the upside, you have seen that and investments to protect against this type of Global Economy or global action. And then you start to see gold, for example, gaining throughout the day. The 10year treasury bond, the yield has been falling throughout the day. Now 2. 87 . Back to you. Dagen thank you, nicole be at the company is getting hammered on new calls for an investigation. A democrat from massachusetts sent a letter to the fec and ftc asking those agencies to look into the Companies Business practices. He is making that request because he says some of his constituents have lost thousands of dollars after they signed up to become herbalife distributors. The most prominent lawmaker so far to call for action against herbalife, and it comes more than a year after activist investor bill ackman first called herbalife a pyramid scheme. Herbalife is responding telling fox business we look forward to an oppo
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