Tenyear down. Oil is down as the u. S. Reaches an risk deal with iran. It would be the largest chinese takeover of an American Company ever if a reported 23 billion bid for a Technology Company is for real. And first up the u. S. Iran and five other major powers reached an Historic Deal this morning. The agreement eases some sanctions on iran. Oil prices down on that news. Brent down nearly 2 . This is the president announcing the deal early on this morning. I welcome a robust debate on congress in this issue and i welcome scrutiny of the details in congress. But you dont make deals with this like your friends. We negotiated arms control agreements with the soviet union when the nation was committed to our destruction and the agreements made us safer. This deal will meet the National Security interests of the United States and the allies. I will veto any legislation that prevents the successful implementation of this deal. Some of the safeguards go 15 to 20 years depending on the thing
Its stillness estimates. The Sales Forecast came up short as well. They were planning on selling a lot. Sales of the new apple watch were less than what analysts had estimated. Ceo tim cook says the company is pleased. Tim cook sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. To give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. 73 of old iphone users have not upgraded to the latest device. Plus, more than double, more than apple coming up in a few moments. Olivia boeings cash flow is surging thanks to the 787. Earnings beat analyst estimates. They lowered their forecast for the year. Also out beating earnings estimates. Increasing prices and cutting expenses. It is a nice combo. The price hikes helped offset falling sales in the u. S. And stagnant demand overseas. At ts proposed takeover of directv has cleared a hurd
Leaderboard. No bubba watson. Its right behind you there it is there it is. Caterpillar, apple moving up, boeing, intel, verizon, theyre all there. Mandy is still down under. Kayla tausche down on the floor of the New York Stock Exchange. Great to be with you here on this monday afternoon. We are watching the dow snapping that sevenday losing streak. Also seeing its first 200pluspoint gain since the middle of july. Bob pisani is here with me on the floor to look a little bit deeper into what exactly is pushing the markets higher. Is it all industrials today . No, it is pretty broad rally. 41 advancing to deshriclining stocks. Seven days down in the dow industrials. That doesnt happen very often. Were due for a bounce. Theres hopes for stimulus in china for all the wrong reasons. Look what happened to china today, both shenzhen and shanghai up 4 to 5 . Economic data was very disappointing overall here. Ppi and trade numbers were terrible. But shenzhen and hang shy both rallied, hong kon
Volatility is up 10 alone. The tenyear is sitting at 2. 036 . Were seeing if it gets to that key 2 or even below. Thats a very key level. As for wti, crude is down by 3 , currently hitting shy of 40 even. Gold is a winner. A little bit of a safe haven, currently sitting at 1159. Well bring you more on the gains weve been seeing recently in gold and the dollar is lower today. That is also helping gold. Who would have thunk that the tenyear note would have been right there at 2 and crude might dip into the 30s this summer . Im tyler math sin. Mandy drury here as well. Lets get right to the nyse and bob pisani. We had a very modest attempt at a rally mid morning and its basically failed. Were sitting at the lows pour the day. The s p 500, a bit of aa surprise at the open. We got down about ten points. Suddenly we were much weaker. Heavy selling at the open. Many people thought this was probably european sellers that were unhappy with what was going on over there as well. We attempt add br
Largecap tech is lagging the overall market gains. We see the dow perform the best. One of the reasons the dow is performing so well today is indeed walmart. Seeing a gain of 5 on that forecast for ecommerce sales to rise 40 in the next fiscal year in the united states. Walmart has been making investments in ecommerce for years and it looks like now they are finally starting to pay off. At the expense of amazon. Amazon seen as a big competitor walmart and analysts im putting alibaba up here as well. Those shares also rising today. Amazon the market cap of versus alibaba. We last saw alibaba as larger than amazon market cap wise in mid2016. Alibaba with larger than amazon market cap. We will keep an i on this metric to see if that trend is continue. We are watching oil prices, which have been supportive of break stocks, in particular drillers. Crude oil pushing closer to 51 a barrel as we hear from the opec chair saying we see an expansion in the number of countries signing on to the Pr