Complete report. And macys Ceo Terry Lundgren will join us at 7 00. And jerry storch will also join us live. Stocksindicating opening higher. Ri the dow would open higher by 52, the nasdaq, 3 1 2, and the s p 1 1. 63. In asia, hang seng, higher bay half percent. European equities have been relatively flat. Right now all are lower. The italian market, theres a big referendum being held on sunday, november 4 t december 4. The economist endorsed a no vote to telling italians when they go to the polls to vote no. The underlying issue is this doesnt speak to the core issues that the italian people face. If they vote no, what happens here . How does this spin out . Everybody thinks its gloom and doom. I dont think people believe that anymore in the wake of brachial plexus and the election. So you tell me what youre thinking, ill think the opposite. The elite think it will be horrific, the polls say no. Which makes me think yes. Thats way too confusing. If they vote no, there will be a genera
A check on the yields on the tenyear right now. Youre looking at the 30year bond, 2. 985 . Want to get a mortgage right now . What do you think . Anybody . Better hurry up. What do you think . Better hurry up. Hurry up, right . Trains left the station . Whats going to happen to real estate prices . Well, commercial real estate prices, cap rates fallen to 4 . They only have one way to go. This is very true. Among todays top stories, were watching oil prices closely ahead of a key opec meeting wednesday. Crude was down sharply on reports of disagreement between opec countries and non opec exporters like russia over who should cut production to curb oversupply. A meeting scheduled for today between opec and non opec producers was canceled after saudi arabia decided not to attend. Take a look there. Wti down just a few cents a barrel, 46. 03 last trade, brent unchanged. On this weeks economic agenda, tomorrow look for the estimate on thirdquarter gdp, the s p caseshiller, Consumer Confiden
The dow yesterday. But these were some big swing as people were trying to digest what this means for potential for a hike. If we can. We can look at the prior day at some point. Watch the tick by tick for the day. I thought i saw most of the swings. Before too, yeah. Maybe it is going to be a monday up, tuesday down, wednesday up theres the tick by tick. But it was a fairly erratic day. By 210 it went from up over a hubs or 2 15 it was down over a hundred. Well continue to talk about this today but it does look like june is potentially a live meeting at this point. Also crude oil this morning. Another big swinger yesterday. Ended down after being up sharply. Down 2 . Lets talk about our top story this morning. An egyptian plane carrying 66 passengers on crew on a flight from paris to cairo disappeared this morning over the mediterranean. It was flying at an altitude of 47,000 feet when it disappeared in egyptian air space at 2 30 a. M. Loik local time. Hadley gamble joins on the squawk
Brown and john spalen zahny, chief macrostrategist with cig group. And spurred today by a blowout jobs report, many big stocks are on the move this hour continuing what has been a great quarter, and, josh, its been tech. Techs the best performer in the quarter. I mentioned all of the sectors that are ripping. Stocks like microsoft at levels not seen since january of 2000, nvidia, highest level since 1999. Yeah. Well, the last to break out, but certainly making up for that. Look at the xlk, the tech sector, s p circuit spider. Whats important here is, its slightly overbought. Shortterm rsi. About 73. Could see a little bit of a pullback there, but momentum is a positive thing. Not a negative thing. Turning our attention to the ndx name, 71 of the nasdaq names above the 200day moving average. Go back a full year to find that. The difference between now and last summer, accelerating. Last summer, that percentage was tapering off. Breadth is expanding. Leadership names are acting like lead
Passes the 50 mark. Earnings, earnings, earnings. Cisco shares down sitely despite beating despite beating the street. Company plans to lay off 7 of the work force. Well talk to Chuck Robbins. Walmart shares up after beating the streets estimates and boosting its outlook. Whats ahead for the company now that jet. Com is going to be in the mix. And a strange story coming out of brazil as two olympic swimmers are pulled off a plane while drive trying to leave that country. Live to rio for the latest on the lochte controversy. First up, walmart poised to open at a 52week high after reporting Second Quarter operating profit of 1. 7, nickel above, revenue above consensus. U. S. Comps positive for a eighth straight quarter up 1. 6 and raising their full year guidance. Traffic was up and i believe its best in eight quarters traffic, comps up 1. 6. Best in eight. Some of these initiatives are starting to bear some fruit. I was going to add the ecommerce sales to that because that was a bright