Both sides claiming progress joining us for the entire hour, Karen Finerman, ceo of metropolitan capital welcome. Thanks for having me. This looks like a strong way to end what has been a strong week for stocks. What stood out to you in the rally . To me its the volatility that stands out to me. Volatility both up and down. Im always long bias, no matter what, which is a blessing and a curse. To me this is a scary time i think im a little more in cash than i would be and desk y definitely more protected. I want to be more hedged. So youve been buying puts . Yes over the last week i think the volatility i think it doesnt fully reflect the volatility that is out there, the tweet that could come at any moment. Why do you say its a scary time to me trade is really the issue here, not the fed. I think what keeps cfos up at night is not are we going to get 25, are we going to get 50 its what does our supply chain need to look like, how much can we pass on, how much do we need to absorb. Thos
U. S. Equities will open higher 183 points higher. Nasdaq opening 107 points higher s p looking to open 25 points higher treasury yields sitting at 4. 011. The 2year treasury at 4. 79. We were down five of six days in the s p that is the case sdplchlt to see th z to see the markets showing the cp oi print. You think the mood is a mini bear i do totally. People are looking at this and the question is not a break in the trend, but how much of a break . Let me take cash off the table. I have been waiting so long. I dont mean the rally is over we were talking to different people 10 pullback would be healthy. Down 2 or 3 from the highs, yeah i thought it was tom lee who was talking about that 100point week now more choppy. I wonder if were in the chop. I think we might be. We have the key inflation data due at 8 30 a. M july cpi expected to rise. 20 on the month and 3. 3 for the headline for the year. We also have my personal favorite with jobless claims. Why is that your personal favorite
Morning, still below 2. 5 . As for europe, so much discussion over the weekend with what is happening in portugal. Markets responding generally positively that portugal will use some of the leftover rescue funds to try to recapitalize a new bank there and were seeing some credit spreads on the back of that as well. Half an hour away from the market open. Lets begin with the road map today. We take a look at markets with u. S. Futures looking for a comeback, International Tensions temper positive earnings news. Investors continually reinterpret the current take on its consumer. And in an interview with the economist, president obama telling ceos they should quit complaining. So before we get to all of that, lets start here with the market, according to a higher open, selloff with the worst s p since june 21st, in fact. Data showing growth in china sector but the shanghai market is at an eightmonth high overnight. So jim, are you bidding up portuguese paper here . So many things went wro
Violence in nigeria. So Kurdish Forces engage in a desperate battle to defend kobane and isil sending in reenforcements and tanks and heavy weapons in the town on turkeys border and Security Forces has changed hands more than once but currently controlled by isil and kurdish representatives told al jazeera they are being pushed back in the south and in the east of the town. And Stephanie Decker is here on the turkish syrian border. Reporter a couple hundred meters oi way from the border from the town held by isil and hearing military activity and those sounds throughout the last couple of days since monday night when isil managed to get inside kobane on the eastern and southern sides and what we hear from kurdish fighters in the town is the front line has not really moved because this is such gorilla warfare and street to street they push forward and they are pushed back and we dont have a clear indication of how the front line is moving inside but we know they are inside of course and
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