In u. S. Subscribers and slower than expected growth overseas. Shery lets get you started with a quick check of how markets closed. We saw pressure across the markets with the s p 500 falling for a second consecutive session, finishing below that 3000 level. We have industrials leading the decline. There was a mixed bag of corporate earnings, not to mention lingering trade tensions weigh on sentiment. The dow down. 4 . Dow transportation average, a gauge of economic growth, also sinking. The fed beige book, nothing that , with jobs slowing somewhat. Lets see how things are shaping up. Sophie we are likely to see another subdued session. Already off yield this morning, but there is some suspense to be had today. Plus, we have jobs data from a strip yet hong kong as well as trade figures from japan. Also in the spotlight today, tsmc with analysts respecting analysts expecting signs of a revival after a dismal firsthalf. Paul thanks very much. Iran offering a grim outlook for any chance o
Global growth softening, and specifically having caution because of trade concerns. We will talk with the ceo of dow in this halfhour, Jim Fitterling. Alix also looking at other names like 3m, surprisingly reaffirmed its growth organic sales. , sor names coming in weaker when you have Companies Like 3m , that is positive. Boeing is extending cuts, help withthem to their pricing power. Terrible news for airliners, and then all of a sudden better. David exactly. In the meantime, we have an announcement out of the turkish central bank. Mr. Erdogan has his way. They are going to cut the one 19. 75 , downe to from 24 . The turkish lira is coming down on the news, a little under 0. 5 now. Alix that is a 425 basis point cut. The market was expecting 250. This is definitely more aggressive on that side. David the got the message. Alix we are just about an hour away from Mario Draghis press conference. Eurodollar goes nowhere. Crude up by 1 . Basically, wait for the next hour. [laughter] david
Earth if theyre looking for inflation. Its wednesday, july 17th. Worldwide exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan thats shot of the beautiful u. S. Capitol in washington, d. C. Thats where facebook will get ready for a second day of testimony over its contested libra Digital Currency well go there live in a moment. First your markets and the global money stock futures are slightly higher now dow futures are in the green, up about 30 points now. The dow, s p and nasdaq failing to close at record highs yesterday. The blue chips turning in their first down day in the last four. Bond yields remained steady. The tenyear yield is trading at about 2. 10 . Exactly on the tenyear. Around the world, you look at asia, a theme the last few days. Not a lot of big market swings japan reopened down 0. 3 you could see slight moves here. A similar story in europe. Not a lot of numbers on the mov
End up taking away some services i want to know when we start suing European Companies to get back what they steal from our companies. Every time you get a 5 billion charge against an american tech company, lets sue them back which ones . Take s. A. P. Thats the only one they got they basically legislate innovation out of their business in europe. Well dig deeper into this. Its something the markets are focused on you think election cycles end . I think well go through an intense 18 months. Get a week off. Do we get a week . This cycle it will be about bashing tech it wont be about bashing healthca healthcare youre a good outsider looking in you have great oil and gas stuff. Good miners. You will blackberry for a while. That seemed okay you had a little tech. You admire what were able to do down here. Im a huge investor down here i know. I think the biggest trade opportunity in the next five months will be taking u. S. Dollars, converting them to canadian you would have to beloony t do
Microclimates heating up as we approach noon looking at low 80s for the north bay, east bay and south bay. Mike, youre tracking a small fire. One of the minor reports coming in to chp. Green sensors around the bay and out of the altamont. Minimal slowing. The fire reported over here toward 580 westbound, castro street onramp toward richmond and headed toward the toll plaza of the richmondsan rafael bridge. A small brush fire reported. I look at my cam camera, we dont see the construction crews and dont see any smoke through the area, just some low clouds in the distance, so well continue to track this, but while were in this area you have breaking news. I do, good morning. We start with the possible shooting in that area in richmond. Happened in 18th and chancellor. This is new video coming in to ou the ground as well. Weve reached out to Richmond Police to find out more information. We i wheny and earthquake in the bay has people still feeling uneasy this morning and thinking about wh