The dow. It accounted for about 74 points of the declines of the dow that came after we heard from jeff bezos, Warren Buffett and jamie dimon that they will try to take on healthcare on their own. The reaction from healthcare was swift and serious. This morning, though, green arrows across the board. The more you talked to people yesterday who tried to understand what they were doing, i think the selloff may have been too far i spoke with ana gupte who was on with us, she had time to digest it. She said this is a buying opportunity. Anything that happens will take years. If will tait will take a lone what i did hear a lot of yesterday is other ceos looking at what theyre doing and saying we should do this, not necessarily to gang up on this. But looking to cut their own costs. The question the bigger the pool you get, the more complicated it gets. You could see the whole Business Roundtable deciding were going in together as a collective. You have younger workers this gets interesting.
Today. Alix a really exciting couple of hours lined up. The theme is Capital Markets. They will be talking about mifid, regulation, tax reform. To help highlight that, i will be joined by david solomon, coceo of Goldman Sachs. Jonathan i want to know who at goldman wants to move from london to frankfurt. Alix nobody. Jonathan nobody i have spoken to. Alix i am asking him that. That is my last question. Jonathan lets get up to speed on the markets. Futures are firmer as we end the winning streak on the s p 500 in yesterdays session. We pop higher. In the fx market, the euro showing a little strength, up 0. 1 as we march toward Mario Draghis decision. In the treasury market, 2. 40 on the u. S. 10year. David thank you so much. Thats get an update on what is making headlines outside the Business World. Emma chandra is here. Emma the Chinese Party has elevated president xi jinping to the same status as mao zedong. It would give xi more power to enact policies after crucial reshuffle tomorro
U. S. Equity futures have been indicated higher after the markets were down yesterday. The first time in seven sessions that the dow and nasdaq were down this morning a rebound from that these were modest declines yesterday and this morning s p futures indicated up by three. The nasdaq indicated up by 2. 5 overnight in asia, we have seen some gains in some asian markets. The nikkei up by a half percent. How many winning streaks is that 16 in a row that weve seen for the nikkei now trading at 21,805. Hang seng closed down bay half p percentage point in europe, as you look at some of the early trading, you will see green arrows across the board. Modest advances. Ftse up by 0. 4 . The cac is up by a quarter percentage point the dax up by 0. 2 look at crude oil prices looks like crude this morning is up wti up by 444 ce cents, brent u 57 cents. News out of Chinas Communist Party congress, members confirm president xi jinpings status as the most powerful leader since mao by writing his name
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
Pretty much across the board. Theyre doing particularly well, we should say, in spain, and finally, if you are buying wti crude by the barrel this morning, the price tag is going to cost you 46. 84 its 600 million for the right shoe, and 600 million for the left shoe. Have you ever bought these things how much do those cost, and my wife says 400 i say thats not bad per shoe i was going to say, that is a mass i sale at 400. This 1. 2 billion is really drars 600 million for one shoe and 600 million for the right one they are pretty cool. I mean, i dont theyre beautiful shoes. I dont want to think about them as a do you know about rent the runway no. Can you rent shoes . Thats a good idea. These things are so expensive, right, and then we have two german shepherds, which doesnt help, obviously. Are the dogs being walked in the no, you leave your shoes around i thought that 1. 2. Its a great name. It is. Very high. It can help michael kors. A lot of respect in my house. I have them in my b