Philly fed survey and the National Association of home builders. Friday, Housing Starts, productivity and cost and consumer sentiment. The equity picture this morning at least ahead of all that not looking too great. Dow futures 77 points below fair value. The s p is off 10. And this is coming after the dow last week was down for the first time in seven weeks, when you look at the major average for what was happening. A little bit of rockiness out there after a long, steady climb higher. In Global Economic news, japans economy grew at a slower than expected rate in the Second Quarter. Gdp coming in at 0. 6 . Also, Capital Expenditures unexpectedly fell for the sixth straight quarter. Economists say that this is a sign that companies are still not boosting spending despite Prime Minister shinzo abes policies. Been working on consumers at least for the very First Quarter that they were looking at some of those things hasnt translated through to business. In corporate news, u. S. Authorit
Checked. Lets take a look and see if that still holds. Yes, it does. Not significant declines but declines nonetheless across the board. As for asia and japan, japanese gdp it did pressure the nikkei there to the tune of 4. 7 . The Chinese Government offering financial stimulus to towns to maintain economic growth. Signs of life there in the chinese economy. Lets get to our road map this morning. That does start with the s p. Which is sitting just under the key technical level of 1700 but setting up to expend a multiday losing streak. Blackberry replies all, says its open to exploring Strategic Alternatives. Jcpenney mulling action against bill akman for turning deliberations into a public discourse. And we have a date. Apples new iphone will be unveiled on september 10th. Were coming off a week in which the dow industrials broke a sixweek winning streak. This morning as we saw futures lower on that news out of japan where Second Quarter gdp rose 2. 6 , thats well below economic foreca
Substantial. The nasdaq composite is up half of 1 . The swing is not even 100 points. We started off in the red and now we are in the green. We got in home prices that rose the fastest in seven years. This group is doing really well. Kb homes up 7. 7 . We saw double digit Revenue Growth for kb homes. Back to you. Lori thank you, nicole. Gaining 12. 4 from a year ago. There are some concerns about the home price gains peaking. Adam news alert for you, Eric Schneiderman seeking the help of washington, d. C. To help prevent highfrequency traders from getting information earlier than the rest. They paid thompson and reuters for that information. Speaking at the bloomberg market, the attorney general had this to say. We are seeing something far more insidious than insider trading. Small coop of powerful groups inside the market are able to use soon to be Public Information combined with highfrequency trading. Adam he says regulators face several challenges tracking and preventing these. He
When he made an offhanded comment about what it would take to solve this through diplomatic reasons. Well talk more about that. Just a moment. But a new cnbc wall street journal poll finds 60 of americans are against striking syria. John harwood will join us with that in a moment. But first, andrew has a rappup of the days headlines. The big one being apple. Apple holding a major media event today. Its expected to update you with its lineup of iphones. The company will likely announce it has penetrated the Worlds Largest mobile carrier, which is china mobile. In the run up to the party, in the past two weeks, apple has made buyups. Twitter is preparing to get public. They have purchased public Advertising Company mopub. The deal is expected to help automate ad buying on tweter. Unclear what the means to advertise on target. Chinas factory output grew at its fastest pace in 17 months. And investment and consumption beat market forecasts. Lets get back to the story of the morning, which
In the index. Bank of america and Hewlett Packard out. What the moves mean if youre out of the shares or might want to some day. New phones, new price, new colors. Apple introduces two new smart phones designed to expand the region to new markets but shares fell leading investors to wonder what it will take to juice up the stocks. That and more for tuesday, september 10th. Good evening everyone. Welcome im Tyler Mathisen alongside susie gharib. Rally on another triple dig get gain. The s p 5 00 scored and nasdaq closed at a fresh 13year high for good pressure. The main reason for the gains, syria, specifically the prospect that diplomats by delay a u. S. Military strike to attack. Also drawing investor interests today big changes in the composition of the Dow Jones Industrial average and well look at that in a few minutes time. Meanwhile, the numbers on wall street the dow soared 128 adding above 15,000 and the nasdaq up 3 and s p added 12. Selected commodities swooned as fear premium