Moment right now the dow is down by 33 points take a look at what happened to equity markets overnight in asia youll see that the nikkei was flat the hang seng was down by. 8 and the shanghai composite up by. 1 in europe theres active trading taking place in the markets. Youll see its a little bit of a mixed picture. Three major averages are weaker with the ftse down by. 5 . Italy and spain are seeing stocks higher and then finally check out the treasury market here in the United States. This has been the thing we started watching so closely yesterday. You did see an inversion of the yield curve with the ten year yield challenging the 2 year yield. Right nowits slightly above the 2year as it should be at least. That inverted slightly yesterday late in the session. Right now 10year is yielding 1. 581 the two year is yielding 1. 561 . Were getting close on that again. That and maybe this as well investors suffering a bit of whiplash this morning as President Trump changed his messaging o
Overall, stocks are moving slightly higher ahead of the opening bell. Remember, this is a shortened day of trading because of the july 4th holiday. The market closes at 1 00 p. M. Eastern for the fourth of july. We are remembering an icon in the Business World. The ultimate salesman of all time, lee iacocca, has died at the age of 94. Hes best known as the father of the mustang and for saving the company chrysler. Well have much more on his impact throughout the morning. Varney company starts right now. David President Trump is changing the annual fourth of July Celebration in the Washington Mall thursday. It will include a flyover by military aircraft, more fireworks and the president will even give a speech of his own. The president is already tweeting about it. Quote, our july 4th salute to america at the Lincoln Memorial is looking to be really big. It will be the show of a lifetime. You can bet on that. Joining us is brad blakeman, former Deputy Assistant to george w. Bush, and so
In the green, dow up 185 points earlier. Seventh straight day of gains. Hanging in the balance up by 16 points and up by 8 and energy and communication services, best performing sectors at this hour happening right now in washington, the House Judiciary Committee holding a hearing on the dominance of big tech. Ylan mui with that story for us. Ylan reporter this is the first of the antitrust investigation. How far will they go i spoke earlier today with the chairman of the House Democratic caucus of new york and he told me that subpoenas are not off the table. To the extent that we dont receive full and comprehensive cooperation from the big tech companies, then the subpoenas are one tool at our disposal that we may be compelled to use. Reporter but a word of caution from the ranking republican on the committee, congressman doug collins will say in the hearing today that big is not necessarily bad and proposals to break up big tech risk throwing the baby out with the bath water so the h
Good morning, broadcast on tv channels belarus 1 and belarus24 continues the review of crime news. Im yuri shevchuk. Hello. Counterfeiters were detained at a gas station in the volozhin region. Our correspondent alena lishkevich became an eyewitness and reported from the crime scene. The man paid off counterfeit banknotes. 200 rub. With the gas station operator. The cashier suspected that it was a counterfeit and called the police; before they arrived, the second Money Changer disappeared, throwing the money in the trash. He was detained a little later. The money turned out to be a souvenir. Before they came to the gas station with it, the men managed to pay the taxi driver with the doll. It is necessary to find out exactly what amount the swindlers had and where else they managed to pay with counterfeits. The review of criminal and emergency incidents will continue to be published. The Investigative Committee shared details of the investigation case of a fatal hitandrun in mogilev. Th
You have two thirds of all stocks higher. Even energy coming to life just a little bit. Nvidia, about three or 4 all day, no real news, 3 1 2 . Approaching apples weight in the s p 500 so there is plenty to like and investors are loving it. There are signs of rapid optimism in mergers and surveys. That brings us to our talk of the tape, we asked cameron dawson. Also cnc cnbc contributor. If you are looking at the behavior of the market it got over bought and it is saying that way. That is usually a sign of a pretty durable rally. With stocks at record high, the economy looking okay, you have the fed not doing anything today stop thinking about rate cuts. I think it is one of those situations where is the only bare case that there is no bear case . Right now they are not giving any reason to pause this momentum. To your point you are still seeing this chase into the market and something we are watching closely because positioning is extended but not at extremes which it means eventually