Now. Good morning and welcome to World Wide Exchange on cnbc. Im sara eisen alongside don chew. Lets check on the Global Market this is morning. Breaking the nasdaq winning streak we saw some raem declines yesterday in u. S. Stocks and looks like the selling continues this morning sort of in a marginal way. Dow futures down 20, s p down 3. Nasdaq down nine. Wall street cover story leads with a earnings report. Big Companies Like mcdonalds and starbucks. Whats interesting again were talking about a market thats been down like you said seven straight days. We havent seen any pri siptous drop. Were not seeing any kind of panic. Slow and steady. Decline for stocks in the u. S. As for the 10year treasury note yield weve seenle it around the world starting in japan the last 24 hours or so continuing into the u. S. , 1. 53. Some selling pushing yields higher. See how we go. Big government jobs report on friday. Absolutely. At least with the european side of things, the germ dax off t. The cac
Were off to the races now. Heres whats happening before the bell. Quarterly results from jp morgan and wells fargo. The economy also front and center and topping todays calendar Weekly Mortgage applications. Import and export prices. Business inventory and the feds beige book plus we have a little bit of focus overseas on the ecb. Top European Court giving a green light to a Bond Buying Program and thats heading out to speculation that well see more stimulus out of the euro zone when they meet next week. Take a look at futures at this house. The dow not so great. Dow looks like it would open down about 57 points down. Nasdaq would open down about 11 points down and the s p 500 would open down off about 6 points. Check out what could be the chart of the morning. Something we dont mention that frequently perhaps. Maybe we should mention more copper because it is a weather for Global Economic activity. Prices plunging to the lower level in half a decade. Prices down as much as 8 at one po
Drillers. 3. 75 move there. David they have some good news in the homebuilding front today. Lifting a lot of good news for the homebuilders. Although there were some that were down. Lets take a look at the big mover in that sector, which was this one. If you look at the oneweek chart, you realize that we have barely been making up for lost ground. You dont want to underestimate hovnanian. The president has been talking with congressional and Business Leaders giving input on solving the nations fiscal problems. We are going to talk about our own fiscal summit as we have three Small Business owners from three very different businesses who are going to be here to talk about what they need to grow. Everyone saying that Small Business has to grow. It is the heart of the american economy. We are going to ask john oconnor, Kevin Maloney and 7eleven store owner patricia orzano in. Liz the guy on your screen is talking about deals. Coming up come an exclusive look at it exclusive Company Called
Microsoft. The company is in talks of buying the maker of the raft. Ive videogame minec my kids love it. President obama is set to set out his strategy to attack islamic militants in an address this evening. Kerry went toohn iraq in an unannounced visit. Nearly two thirds of americans think it is in the nations interest to confront Islamic State. I want to bring in White House Correspondent phil mattingly. Speech comes one year to the date at the president gave a primetime address on possible airstrikes in syria and he failed in that effort. So, what is different this time around it is a total around . It is a total aboutface. Will of the the United States citizens to have a more active engagement from the u. S. Is up nine point. What we have seen since june with the Islamic State advances in iraq, with the murder of the u. S. Journalist has galvanized support. What you will hear from the president is to lay out how they will address that, and you need to keep a close eye on what membe
That was the question of being the top for stocks. The closing high was below that. 17,279. Today the dow trying to stay positive and the s p. Nasdaq higher and the russell, scott, which has turned weaker and plenty of atngs. I have been saying throughout this week that among the people im speaking with, thats the thing theyre watching maybe more so than the other internals within the market is follow the russell, follow the small caps. But yesterday the Third Straight day of a 1 or better gain. Rolling over a little and rolling over a little, the market off the best levels, as well. Watching the small caps. Art cashin saying its all about crude. Lets get right to it. Joining us is john manly, christine shore, david darst, steve parker and our own rick santelli. So, welcome one and all. Rick, i am going to start with you, actually, here because this morning we heard from janet yellen. She was talking about inequality. European central bank may be talking about further asset purchases.