Decliner with points and percentages this morning. Those futures are off 117 points. Take a look at treasury yields. They were higher yesterday, but you are seeing a pullback this morning. The tenyear yield below 4. 18 . The twoyear yield at 4. 58. Joe mentioned that bitcoin continues to climb. It is down by 1 . 6 6 6 66,834. We are watching the price of gold futures. Gold hitting the record high close yesterday. That april contract jumped at 2,131. Despite the high, it is still below the inflation adjusted high of 3,200 which hit back in 1980. Alltime high. For gold. Yeah. You know, with inflation slowing, but money printing, less likely with no cuts maybe coming this year. Potentially. Or three later in the year. Yeah. Looming behind all that and were adding 1 trillion to our debt every 100 days. I read that the other day. Thats still climbing. Theres no relief in sight for that. Bitcoin as you keep talking about the halving in the next two months. I was reading something yesterday t
Bringing down the sector with results from quarlcomm overnigh. And bank of england is looking for a 25basis point hike or 50 ill speak with Andrew Bailey at 4 00 ap. M. And wall street futures are coming down with the results from apple and amazon and investors are looking to see how the Performance Division is doing. We have been following Economic Data this morning particularly on the pmi front. Earlier on, we had german and french pmi numbers and now eurozone numbers for july. The figure coming out at 48. 6. The final composite pmi number for eurozone the flash figure had been 48. 9 a slight dip when you look at the services pmi, it is 50. 9. It is expansion territory with the flash number at 51 p. 1 this is the final pmi number that was Flash Services at 50. 9. The flash at 48. 9. Very interesting to take a look at the drawdown with the pmi eurozone activity does ak ex acce accelerate, but a decline with the composite number at 48. 6 versus 48. 9 which is what we have been looking
Through with pockets of fear. S. A. P. Shares bounce. The ceo outlines how integral Artificial Intelligence now is to that business. We are embedding a. I. Until the center of the Business Models of our customers to deliver immediate results. Our customers are paying for what they are using. Our model is flexible. Swiss pharma giant novartis boosts its guidance with the net revenue jumping 10 in the First Quarter. Our u. S. Colleagues will speak to the ceo later on today. And renault confirms the fullyear guidance after revenue jumps 6 in the First Quarter at 11. 6 billion euro. Good morning. We start the show today with breaking news when it comes to pmi data from the eurozone. Let me share the latest numbers with you. When it comes to the composite flash figure, it came in at 51. 4. That is above what markets were expecting at 50. 7. It is also an upgrade from the march figure. The overall composite number is coming in higher than what analysts were expecting. When it comes to the br
10565 while some things head lower with amazon and google now 40 off their highs, other people are calling for a bottom here. Mike santolli joins us with here nasdaq coming off. It was up as much as 10 whats going on today . Yeah. A near approach to those june lows, very widely watched. Sometimes the first time it tries to get down there it bounces almost by reflection were seeing a little benefit of that still very much remains to be seen i like a threeyear look at the nasdaq 100 so the yunjune lows are right he i like to check out this october 30th of 2020 level which is right about where we are or just below where we are right now it is a little above 11,000. It also coincides with a 200week average, a slowmoving longer term uptrend line, thousand day moving average, which is also right around 11,000 in theory, we have the entire uptrend from even before the covid crash that now perhaps is nearby could be support could be a little bit of a moment of truth. The key when you have a re
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