Shares in fiat hit the skids after the u. S. Department of Justice Reportedly prepares to sue the carmaker over its excess emissions. Burberry shares are in fashion with investors in early trade as the Company Reported better than expected underlying profit as a new ceo gets set to wear the pants. Sent to where the pen good morning once again, its thursday. Glad youre with us. Lets get straight to the markets, see what the fallout from the white house drama continues to be. The stoxx 600 is still off by 0. 5 . The dax seeing its biggest loss since before the trump election. The dax down 1. 4 , the cac off 1. 8 . The worst day in more than eight weeks. As you can see, were extending that selling pressure on the markets. Lets look at the sectors one by one. You can see autos are under pressure, off by 1. 4 . This is mainly because of Fiat Chrysler given the u. S. Investigation and the pressure on the carmaker. Well get much more from nancy hungerford. Utilities, Household Goods are the f
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Its throwback thursday. Throwing it back with this 1999 hit, blue. Did this make it to the uk . It did. Not sure how many other songs by the group did. This sounds very europe. It does sound like german te techno music. Lets check in on the Global Markets. Dow futures are up 14. S p is up 4. Nasdaq up 1. 5. This after the worst day for the s p and dow since september, worst day for the nasdaq since june 24th of last year. That was the brexit day we action. Broad based. Financials took it the hardest. The tenyear treasury note yield yesterday slipping to a onemonth low. That was why financials were some of the hardest hit names yesterday. There we sit at 2. 21 on the tenyear. Little changed this morning. A big move yesterday. Equities a focal point. We sat here yesterday and said so far its only been the dollar thats reacted to the prior ten days of political movement. Yesterday clear reaction in equit
Gartmans says bitcoin investors will face the one thing has them beefing. First, you start with the nasdaq near record highs, the fang stocks leading the pack higher. But caution, this is the no fang zone, like the no school zone, but even better, because outside of fang, there are some other, scare we say even more lucrative opportunities. Other tech names are soaring. Square is up a whopping 67 . Tesla and ali baba up 40 , invidia is up 36 . Is it time to start betting on some nonfang tech zone . No fang zone . A food job with all these great, great for a tuesday, mel, well done. Yes, there are names you can invest in, in the no fang zone. I will give you a quick three. Red hat has been a name they just signed, another strategic line with Amazon Web Services a. Big valuation. Doesnt patz. They have a meat. Who you know who else has a meat . Adobe. Theyre reporting june 20th. The pattern has been, they report. Stock sells off, buy the selloff. Its worked for almost two. 5 years. I lik
Terror attacks down by just 0. 25 . Breaking overnight, saudi arabia, the United Arab Emirates, egypt and bahrain severed ties with qatar. Now, theyre accusing the country of supporting terrorism. The gulf states said qatar support of the Muslim Brotherhood threatens National Security because the foreign minister has said the measures are uninjured based on claims that he says have no basis in fact. Takes a quick look at crude prices. Wti at 47. 84. We will get a live report from dubai in just a couple minutes. In london, as you know, on saturday, seven people were killed dozens were injured when three men drove a van into pedestrians on in this case, it was the London Bridge then attacked people with knifes in a busy neighborhood. Its the third terror attack in the uk this year, comes days after manchester and just ahead of thursdays parliamentary election. Lets get to wilfred frost in london good morning, will. Reporter good morning, joe. Seven people dead, as attackers crossed Londo
Were in upstate new york. I work in under served capital regions of the United States we need desperately more capital to support the entrepreneurs and the innovative ideas that are coming out of places that are outside of new york city, Silicon Valley and boston and we really appreciate the opportunity or i really appreciate the opportunity to have my voice heard today to talk about those things and just want to encourage the administration, anything that you do for Venture Capital will pay off huge dividends because we are the net new job creators in this country and have been for more than three decades. All net new job growth created in the United States is because of investment by Venture Capital. Thank you great job youve done. Good morning, mr. President and mr. Vice president my name is George Matthew im ceo of cespery were an industrial drone manufacturer made in the United States i look forward to showing you how Industrial Work is more easily accomplished with use of a drone