The docket. Releasing weekly report on mortgage applications. Thats coming at 7 00 a. M. Eastern time. Then at 10 00 a. M. Look for july existing home sales which are forecast to drop nearly 1 after rising more than 1 back in june. Form suit Pharmaceutical Company agreed to sell part to pfizer. That deal involves three already approved antiboy yachtics. You may remember has rejected 118 billion dollar off back in 2014. Check on the market this is morning. Mostly flat. Europe was a bit higher. Started out as a positive session yesterday after europe did pretty well. Moderated gains. Up a little yesterday, the dow. Futures were up. The ftse is the only one down now. Germany, france, italy and spain all trading higher. Not much happening in asia. Shanghai staying above 3,000. For a while we were worried about what was going to happen in the shanghai market. Then oil, which, in my mind if it stays between 40 and 50, i dont see how that gets correlated to Everything Else in the world. It wa
We have lots to get through. Tom International Relations is front and center. The moment as the president travels to havana. For those of us of an older vintage, it was a immense tension with cuba and russia. Ofs is a really big deal people of a certain vintage. Francine this goes back to the president saying the last 50 years of isolation was not good. Lets get to the news with vonnie quinn. Vonnie thank you so much. North korea has testfired a missile into the sea. South korea says the regime launched five shortrange missiles. The Un Security Council has sanctions to push north korea for another Missile Launch and a nuclear test. The historic meeting between president obama and raul castro. Firstama has become the u. S. President in 88 years to visit cuba did he will take them tell them to seize the opportunity to expand human rights and economic access. David cameron had his economic minister quit. Theaid he cannot support policies. Turkey is blaming the Islamic State for the fourth
We are joined by warren. Warren good to be here. David now we get first word from nejra cehic. Trump signaled he would be willing to moderate his stance. Donald trump in terms of immigration and almost anything else, theyre almost has to be some time and pull and deal. Deal, hetched ted stood a day and a half or something. What came of it . Nothing. You have to have some flexibility. Nejra all of them said they would support trump if he wins the nomination. There is a familiar threat from north korea. Kim jongun has ordered forces to be ready to launch Nuclear War Heads at any moment. T came after the country more to the country to prepare of sanctions from the united nations. And the pace of chinas military spending growth was increase between 7 and 8 this year, but the smallest since 2010. The estimate was released before tomorrows National China peoples congress. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world, i am nejra cehic.
Tom and then you see the parsing of debate between ed morse of citigroup and Dennis Gartman of the gartman letter code right now we need to get to our news from our desk. Here is vonnie quinn. Vonnie it is chaos for house republicans. They now have no clear leader and they have to raise the debt ceiling within four weeks. Kevin mccarthy took himself out of the running yesterday. Kevin mccarthy if we are going to unite to be strong, we need a new face to help do that. The conservative caucus did not want him to become speaker. John boehner was planning to leave at the end of the month, but he will stay on as speaker until a successor is chosen. Russian says some missiles are not reaching their targets in syria. Rockets fired from russian ships in the caspian sea hit iran. Insident obama will be oregon today to meet with survivors and relatives of those killed in the campus shooting last week. Not everyone is pleased about the visit. The region is rural and conservatives. The region is r
And pimco says the worst of the price collapse could be over. Merkels moment to is the german chancellor about to win a Nobel Peace Prize . A warm welcome to the pulse, live from london. Im manus cranny. First up, minutes from the latest fed meeting show that the policymakers delayed the worsfit hike last month because of concerns about china. There was plenty of reaction from financial leaders of the imf and world bank. We will hear those voices in just a moment. But first, oil is about 50 a barrel, headed for its biggest weekly gain since august, coming as pimco calls the worst of the collapse and Commodity Prices is over. Bring in mark barton for some context. Mark have i got some stats for world the all country indexes rising for an eighth consecutive day, the longest winning stretch since february minutes from the september meeting are pushing out expectations for when the u. S. Central bank will hike interest rates. The msci in that eightday period has risen 5 , the biggest gain