Markets. Through lets whip some of these Asset Classes. A soft recession to europe when i got an early this morning. It has come back a bit further now. Market, shining bright red is sterling. About toright now, are break it. The flask pmis, ugly. Given team is quite a number cents 2009. Down for itk that we havent seen these number sense 2009. Well break it down for you in a minute. About threeown basis point. We will guide you to the markets to the rest of the hour. The worlds go around for indepth coverage over our urtire story all of o stories. Nejra is in london with the havoc wreaked on the u. K. Economy. We are joined in the public and National Convention the republican National Convention in cleveland. Like asurface it looked pretty stellar quarter. Sales were about 33 billion. Theis the stock down on report . Some expectations, they did beat expectations. Wasand gas was weak, but i worried about it being weaker. It is more about expectations and actual results. Alex where did
Losing streak since june has been snapped. Groupll see every single on the 500 index has gained today. Osp to see what m is going on in stocks. You can see the gainers. I will change it over to names. Wells fargo, j. P. Morgan, Berkshire Hathaway all big gainers today. Financials leading the way. As far as the losers, big names. Allergan, biogen, amgen. Im pulling out pharmaceutical and health care names on the losing side. Joe in the Government Bond market, we see a selloff in South African bonds. That is one country lets look at the u. S. First. Lower yields across the board. We see a particularly sharp drop on the 10 year yield. The fact that the u. S. Twoyear dropping less than the 10 year indicating a flattening. Friday after the fed comments, we saw yields up. Today a reversal. Lets look at a onemonth chart of South African bonds. That is interesting. Growing anxiety about the finance ministry and power situation has seen a sharp jump in the last week. Chandra im looking at curre
The end of summer and now going into the fall potentially here. One third of about a percent. The 44th street session unless of less than 1 move. Take a look at the bloomberg. This is the chart we are looking at. The dotted line is the sixmonth average. Average. Ill below that a narrow range in the s p on a daily basis. As has always been the case of as has been the case, weve seen big individual moves. These are big targets of the biggest deals were talking about today. The bid was 127 and . 50. On santa trading below 27. More than 20 below the offer price to hear. Obviously skepticism on the part of investors if this is going to get done. Spectra energy selling itself to enbridge creating a big pipeline company. An all stock deal, 28 million dollars. That price rising up about 17 . The pricing over the epipen concern continues. A new Company Making comments , saying itpricing would curb price increases on its drugs in the response to the outcry about that the price pricing of the pen
A meeting between president obama and raul castro. The president is expected to urge castro to seize the opportunity to improve u. S. Cuba relations by expanding human rights and Economic Opportunities. For the second time since friday, north korea has conducted Ballistic Missile tests in the sea of japan. Officials say kim jonguns regime launched five short range missiles today. Earlier this month, the United Nations Security Council enacted sanctions to punish korea for another Missile Launch as well as a nuclear test. The German Government says it took in 2 million refugees last year. A 49 increase compared to 2014. Of those 2 million, 860,000 have moved to other countries. Angela merkel has resisted measures to control migration such as putting a constraint on the number of refugees. ,lobal news, 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. Im pimm fox. Matt thank you very much. Good morning. Take a look at markets in europe. The dax ha
If you look at the s p, for example, we see an awful lot of town seen around. It has been in a very tight range. It has gone up and down the line at least half a dozen times during this session. If you look at oil and stocks today, you can see to some has fared much worse. Earlier today, it was faring much better than stocks, now it is doing much worse. 2 2. 2 . Own do we thinkhat cause of that reversal, julie . Julie it is unclear. There is a sort of this directionless feeling and we do have a job report tomorrow, so that could indicate the direction of the stocks, that we cant thank the dollar for the oil downturn because the dollar is still weak. I should say is lower by 6 10 of 1 . Now we do have a lot on the corporate front in terms of earning reports today. We have Royal Dutch Shell out with its earnings and it had a smaller earnings that we hav e seen from its competitors. Weatherford international is saying that its cash flow is going to be better than estimated. Itshe same tim