This after a day of trading that saw s p 500 hit another alltime high, second straight day of record. Meantime investors are cautiously awaiting upcoming earning season with 80 of s p 500 Companies Reportedly cutting earnings forecast. Joining me research chief macro strategist lenor hawkins, what is driving the market to plus side if you watch the bond market, 10year yield falling and closing below 2 yesterday and then you this percentage of s p 500 Companies Cutting their earnings forecast . This is really all about the fed in the hope that easy money will keep prices going up because this has nothing to do with fundamentals, if you look at what happened at first half of the year, s p 500 rose 17 , the strongest first half of the year since 1997 but if we look at earnings, if we look at whats going on with the fundamentals, earnings declined 4. 4 for the s p 500 for the First Quarter and expect today decline negative 2. 3 in second quarter, you have prices going up while the actual r
Chinas legendary silk road was one of the wonders of the ancient world now this trade route is being brought back to life. The new silk road is a vast undertaking and a demonstration of power and the might. Hundreds of billions of euros are flowing into new infrastructure right away lines harbors streets bridges and tunnels in 65 Different Countries its a project the likes of which the world has never seen. Its a powerful vision and for many an inspiring one. For some it represents opportunity for others misery. That china is reaching toward the west along the new silk road we retraced 2 or 3 routes traveling from china to germany from the city of shenzhen to the city of to support. We traveled thousands of kilometers overland to central asia. And resale thousands of kilometers across the oceans of Southeast Asia following the major overseas trade route. We have traveled great distances but europe is still far away. And. We retrace the route of the caravans heading West Crossing remote
Euros are flowing into new infrastructure away lines harbors streets bridges and tunnels in 65 Different Countries its a project the likes of which the world has never seen. Its a powerful vision and for many an inspiring one. For some it represents opportunity for others misery. China is reaching toward the west along the new silk road we retraced 2 of these routes traveling from china to germany from the city of shenzhen to the city of to spork. We travel thousands of kilometers overland to central asia. And resale to thousands of kilometers across the oceans of Southeast Asia following the major overseas trade routes. We have traveled great distances but europe. Its still far away. And we retrace the route of the caravans heading West Crossing remote passes in the t. On shon mountains. Its a journey into the past along the ancient silk road. A route that today is marked by hope and opportunity and by burdensome debts and dependence on china. The route followed by the ancient traders
It is wednesday, it is july 3rd. Fbn a. M. Starts right now. You cant break. Every day is hard. Cheryl welcome, everybody, to fbn a. M. And good morning. Im cheryl casone. Lauren that was a beautiful song. It is a beautiful wednesday morning. Good morning to you at home. Im lauren simonetti. Cheryl lets take a look at how your money is moving on this wednesday. As you can see, futures are higher right four now, dow up 5, nasdaq up 27 and a quarter. Lauren its a short day and a short trading week. We have a flight to safety seen in the movement in the freshly market. The treasury market. The 10 year yield, 1. 95 . Cheryl investors will be keeping an eye on a couple things for the remainder of the week. Well get jobless claims and manufacturing numbers today and friday is the big june jobs report. Lauren oil prices plunged about 5 yesterday as tensions with iran continue. We are seeing a small increase of 37cents, a 56. 62 a barrel. Cheryl taking a look at asia, were continuing to follow
T. W. Chinas legendary silk road was one of the wonders of the ancient world now this trade route is being brought back to life of the new silk road is a vast undertaking and a demonstration of power and might. Hundreds of billions of euros are flowing into new infrastructure radway lines harbors streets bridges and tunnels in 65 Different Countries its a project the likes of which the welt has never seen. Its a powerful vision and for many an inspiring one. For some it represents opportunity for others misery. China is reaching toward the west along the new. Krug we retraced 2 of these routes traveling from china to germany from the city of shenzhen to the city of 2 spoke. We traveled thousands of kilometers overland to central asia. And resale to thousands of kilometers across the oceans of Southeast Asia following the major overseas trade routes. We have traveled great distances but europe is still far away. And we retrace the route of the caravans heading West Crossing remote passe