The grease fiveyear bond should price sometime today. What will that price be . The vix lower on the day. David time now for your morning brief. General motors and caterpillar will release their earnings later today. The home prices for may will be out. And we will get july Consumer Confidence data. Alix thank you. Companies in the s p reporting this week. Here is where we are stacked up so far taking a look at sales and Earnings Growth. Top is sales growth. The bottom is Earnings Growth. Blue is technology. Orange is the rest. Much google today. They are getting hit by 2. 5 after disappointing some investors in terms of revenue. Here is what the coo had to say. We are obviously happy with the ongoing strength and advertisement revenue, particularly in search. We continue to drive user adoption and engagement with mobile devices. Build bettero expenses for users and advertisers. We see increasing contributions from growing nonadvertisement revenue businesses. L trying us is pau google
About 30 minutes into the hasing session, julie hyman been following all of the latest. Julie a mixed session. As it looksgoing on like investors are awaiting some of this on capitol hill as well as Donald Trumps press Conference Tomorrow. The dow is treating a little lower and the net that the little higher. We are not seeing much change overall. Nasdaqy change in the means for the past six sessions, the nasdaq has risen each one of those days. Here is a oneweek chart and the gains it is seen regularly. It will be the fourth Straight Record close for the nass, the togest streak going back december 1999. It had underperformed postelection in the immediately of the election, the dow was up warming and small small caps were outperforming. Stocks are pulling back a little bit today and have risen thus far. Facebook, netflix, all seeing is driven byasdaq some of these underperforming companies. We see commodities lead as well as together chinese and patient data, helping some commodities.
With stocks and the march to dow 20k, as you know was less than a point away from making history on friday. Plus, coke and p g getting downgraded to sell this morning over at Goldman Sachs. And a busy week on capitol hill, confirmation hearings for the president elects cabinet picks are ready to get underway. First up, once again the dow will take a shot at hitting 20k. Theres a call out of goldman not helping a pair of blue chips the Firm Downgrades coke and p g to sell saying it sees headwinds from a stronger dollar as well as sluggish and market demand. Not often you get two sells on two dow components from one firm in one day. These are companies these are Great American companies. Its obvious that this is a call setting self up for much Stronger Economic growth. Now, it is the wrong time for the call because Interest Rates are down big today. So thats going to put pressure on the banks. So if were trying to get to dow 20,000, you may see on the tape in the bottom a lot of good thi
U. S. Dollar versus the Canadian Dollar. Again, all of the things that have been happening with that potential trade war. Tariffs being slapped on canadian lumber. We will talk more about that in a moment. Take a look at what happened in the asian markets. The nikkei ended up by 1 . The hang seng market was up, too, up by a third of a percent. There are green arrows for most of the major markets. The cac in france is indicated up 0. 25 . The dak x is is slightly lower. If you look at crude oil prices, wti is trading below 50 a barrel. Its up 13 cents, but wti for the june contract at 49. 36. Among the other top stories, tensions with north korea on the rise. Today the country reportedly conducting a big livefire exercise. All to mark the foundation of its military. Top Trump Officials will hold a military briefing tomorrow at the white house, which will include the entire United States senate. The Trump Administration plans to impose a new tariff on canada. Wilbur ross announcing the p
Into the fiscal year the yearly budget short fall hasnt been this low since 2008. On the jobs front, the Labor Department says more people are quitting their jobs. Thats actually a positive since it means they either have or are confident they can get a new one. The Federal Reserve says the Home Mortgage market improved with banks easing up on lending standards for borrowers with good credit. The National Federation of independent Business Reports smaller optimism ticked higher in july, a good sign as we push through the third quarter. This week well see if American Consumers can keep the optimism on the up swung as some of the biggest retail chains post Second Quarter earnings. Analysts are hoping for a big turn around from a disastrous start with wick kid Winter Weather keeping shoppers at home. Will this quarter be better, and which retailers will stand out . Reporter the retail earnings story is a tale of two. The Bloomingdale Stores is one of the higher end success stories. When i