Futures, well, to the downside on this first trading day of august ahead of a big week of earnings and economic data. Dow component caterpillar out before the bell along with pfizer, jetblue, uber and marriott, all the numbers as soon as they hit the tape this morning. Jobs on tap this week with the july adp report out tomorrow, the july jobs report comes out on friday. Taking a look at european markets, we have red across the board. The ftse, cac 40, the dax are in the red. To asia overnight, markets mostly higher in that region as you can see, the kospi in korea up better than 1 and a third percent. And selling the biden brand, a bombshell testimony from Hunter Bidens former Business Partner, devon archer. House oversight republicans say he added to the growing evidence that then Vice President biden was involved in his sons overseas business dealings, selling access to the, quote, d. C. Brand. Democrats say they only talked about the weather. Joining the conversation all morning lon
president biden may have taken a bribe while serving as vice president. what s the white house s response to the serious corruption allegation? i have to refer you to the justice department on that. i have nothing on that for you. do you know what country that pertains too. i m getting hooked, see you. sandra: stocks are falling on wall street. what exactly is the selloff signalling after the fed issued the latest rate hike, 10th in a row, and growing concerns more and more banks could be on the brink of collapse. john: and then the looming migrant surge at the border which dhs secretary mayorkas is getting a firsthand look at right now. reiterating all is well, even as the pentagon is forced to deploy 1500 troops to the border. sandra: the union is firing back at the white house spin and telling americans not to believe a word they are saying. john: welcome back as america reports rolls into a second hour. i m john roberts in washington. happy friday eve to
What do you have coming up, and hows the weather . So far, so good on the weather. Actually last time we were doing it outside on the island. Today were doing it inside on the off chance the weather does worse than it has been. Were at the annual Sports Complex conference going on. We have a huge lineup of guests throughout the broadcast. Bruins ceo george pine is going to be with us and arcs cathie wood. We can have a debate about bitcoin with her. So much going on in her world. Then well have a conversation with ceo ted leonsis who weve been talking about because hes been involved in that deal in washington, back and forth. And at 8 15, an exclusive interview, First Time Ever on cbc, steve cohen, now, of course, the mets owner, but maybe better known to those on wall street as the chairman and ceo of point 72. So many folks in the sports world. We have many of the commissioners from all over the league. I think we have michael rubin, arod, i saw last night. Corbin is trying to buy th
L arry kudlow. So markets selling off big. Maybe because were not seeing another rate cut in my lifetime. Well see, oil prices surge, gold surging Commodity Index surging we have senator kevin kramer and our own taylor riggs and steve moore. They will weigh in on with irana ungarsargon and alec lace on why the biden is real threat to our democracy. This november. But first update on stock market. Economic report issued yesterday that todays selloff, a survey of purchasing managers, ism Manufacturing Index came in hotter than expected indicates a more robust economy be that level since oo. Shares of trumps Media Company dj t rising 6 after a selloff yes. Larry how about that gerri willis, we appreciate it. We bring in big money cohost taylor riggs, steve moore, and north dakota senator kevin kramer, thank you for coming back on. Let me talk to the person in the building that probably understands market best, that is great taylor riggs, by the way, i dont think well have a opposite. Yiel
Youre watching daybreak asia coming to you live from new york, sydney and hong kong. Counting down to the major market opens in asia. Australia has just opened, the top stories this hour, asia stocks extending losses within escalation of the middle east conflict and the feds policy outlook. Rates will still stay on hold while not withholding the possibility of a future hike. It does not feel like it is too tight right now, there is no evidence that policy is too tight. President biden set to deliver an address on the israel hamas war. Xi jinping calling for a ceasefire in his first Public Comments since the conflict broke out. We have the opening of the asx 200 at the start of the session, the first market coming online. What will be driving sentiment is geopolitics, and also jay powell kicking off what we heard from the fed chairman earlier, saying that they will not necessarily see a rate hike in november, but the outlook is a cautious one. And he says that the door is still open. Of