Assuming that it actually happens . Al john, the American Economy is actually doing better than most other western economies, but we are very dependent on how they do. If china sneezes, we get a cold. Europe, for all of its problems, is not unimportant. The fear is that this will cause some kind of a downturn, not just in great britain, but also on the continent. And that affects the u. S. There is nothing we can do about it, but that is the fear. John so, al, you think that the economics are more disconcerting to american policymakers than the potential security implications dealing with all of the various things that america has to deal with in terms of how europe confronts middle eastern challenges, terrorist challenges, etc. , etc. . Al john, that is a good point. And also putin. Putin is a real concern. I think the challenges are really equal. The feeling is, how strong can europe be . Great britain has been a great ally in most of these confrontations that we have had. They backe
Take a look at the charts right now. Dow jones extending gains, up. 7 . The s p 500 also up. 5 . We are seeing the dow and as an p5 hundred gaining for a fifth consecutive session. Nasdaq reversing yesterdays losses. Investors got data this morning that showed that jobless claims in the u. S. Held at the lowest level since mid april. But going into the bloomberg and taking a look at the sectors that are gaining on the s p 500, you can see financials clearly leading those gains, a. 9 percent. Of course, we have positive ,arnings out of jpmorgan beating expectations. Seven days of gains already, the longest winning streak since november, 20 14. Energy shares are also up. 3 . Oil up from a twomonth low. Analysts saying it was time for a hard sell off the only sector in the negative is utilities at the moment. Take a look at transportation right now. It is soaring. The transportation index of more than 1 . Earnings from csx are pushing the index higher a sixthow gaining for day. Take a loo
But that has been completely erased. Oliver we are inching up day by day since we broke those records. Speaking of a the drop, i want to start on friday afternoon, looking at the s p futures. Aftermarket, premarkets, that did you see is friday after we coup attempt in turkey. We are raced it by the time we came in this morning. Everything was pretty much back to where we left it off and obviously a pretty big move in the tech stop tech stocks. On the yearlong chart, i pulled this up because tech has not broken the new highs yet as of december 2015, so getting closer. Joe u. S. 10 year yields have been itching higher for a while. Inching higher for a while, moving higher but till not back to where we were earlier this month but the trend is definitely for an increase on those. Scarlet we just got netflix results coming out. Netflix coming out with the stock trading in afterhours, taking a bit of time here 1. 966 billion dollars. Earnings per share of nine cents a share. Not sure if we a
We will have exquisite interview with the chairman and founder of Colony Capital, tom barrick. We want to check in on the markets. Jon is taking a look at the turkish indices and the turkish lira. Jon equity markets are down 5 . Not reflected elsewhere, you can see markets in europe fairly stable, the ftse outperforming, a third of 1 . There is a big move there. There is a 40 premium offered by softbank or that deal look looks like the ftse gets a nice little lift. Market, the turkish lira, a big move. Slightly stronger in todays session. But that riskoff tone not really reflected in the fx market, it is a weaker japanese yen story. We trade at 105. 62 on the session. In the bond market, this is where things get interesting. Last week, an ugly session for treasuries. Ields up 20 basis points again today, you see bond yields inching higher on treasuries. In the commodity market, slightly softer. 47. 36 is how we trade on brent. Alix there is news concerning lending club. Chiefk dunn wil
Holding near record highs. The ecb did exactly what everyone expected. Wait and see. Julie still watching various earnings reports. Stocks have taken a bit of a turn for the worse after rising to records again yesterday. The dow having an extraordinary winning streak now. We are seeing a pullback for the three major averages. Earlier in the session, we saw stocks unchanged. It took a pretty sharp leg downward, not that long ago about 20 minutes ago. Now, near the lows of the session. On the earnings front, on the one hand, we have pretty significant earnings wins. Qualcomm beating estimates here seeing increasing demand from china. If i billion dollar buyback and ebay raising its forecast for the full year. Thats a 5 billion buyback. Intel pulling back after that companies that company plus earnings had been falling. Intel pulling back after that companys earnings have been falling. Union pacific suffering as the company talks about a weakening outlook for demand for shipping things ar