China, wealth gap, taxes, tariffs, immigration, all taking center stage at the Second Democratic president ial debate well go live to miami with reaction and a brand of china and for china. Nikes mark parker channeling abraham lincoln. The stock up 12 year to date and is about to add more today its friday, june 28, 2019 Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Happy friday. Im Brian Sullivan the imac, the ipod, the iphone, new headquarters, just dozens of innovations designed by sir jony ive who said he is leaving apple after two years with the company. Its a big move and a big surprise much more on jony ives exit in a few moments. First lets get you set up on the final trading day of the month, the final trading day of the quarter, the final trading day of the first half of 2019. We are higher right now. Dow futures up 98 points remember, we need 1. 6 now to get to that new high we got c
Plus nike is pulling a sneaker featuring an early American Flag after Colin Kaepernick complained. Those details coming up. Its tuesday, july 2, 2019, Worldwide Exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu. Brian sullivan is reporting from opec in vienna well hear from him in a moment. First lets get you up to speed on whats happening with the markets. Futures pointing to a modestly lower open right now if these futures losses hold into the start of regular trading, the dow would be off by 52 points. The s p down by 5. The nasdaq down by 23. Treasury he yieyields also in fa global yields take a leg lower the tenyear 2. 01 here. Twoyear note yields, 1. 77 . Lets go worldwide asian trade probably a little bit more mixed the nikkei in japan up by 0. 1 the hang seng up over a percent. The shanghai in Mainland China just about flat. The kospi in south korea up. In european trading, as you look at the dax, its off by 0. 1 the cac in france flat the ft
Of sleeping. Big things ahead today, right . Youve got the exclusive with schul schultz, we cant wait for that. Its not about the triple pu on. The value of the payments business at starbucks talking about how much its worth and how important it might be here as a rival to some of these card companies. Yeah. Look, bob nardelli made a great point if you can cut out the little big, the vig that visa and mastercard get, if you can make it so someone nearing the store is able to pay for it ahead of time and own the register why should this be limited to starbucks. This is a trillion dollar market and Howard Schultz moved over from his daytoday running on starbucks to focus on this. Is it worth more than the company . Same say it is, i think its a little bit of hyperbole but well find out. So fascinating. The red carpet on the stairs behind you looks like the dolby theater like youre in the Academy Awards and youll sit next to hanks and brad pitt. Wow. I mean, if they show up if Richard She
worth pondering what happens if things go right. if they break the bull s way. believe it or not, stranger things have happened. remember, i got in this business, dow 1100 and at that time, every time since, we ve been living with worst case scenarios writ large yet it s obvious from the math given our current dow 12,000 level that we ve had more best case than worst case. if the best case plays out this time, you ll look back at dow 12,000 and marvel that you didn t buy stocks hand over fist. so what is the best case? what could go right? first, we need a compromise between the two punitive big guns, one, say one big one and one weak one. spain and germany. i can t stress enough how much more important spain is than italy or greece or anyone. spain s got a huge deficit and gigantic banks, including bbva. which both look a lot like fannie mae and freddie mac did before they collapsed. right now spanish banks are facing daily runs, in part because while their deposits are guar