Costs in the slowing economy. The loan prime rate tracks credit of trustworthy customers. Shery we will discuss the crackdown by social media giants and what they called a china backed effort to undermine the protests in hong kong. First, lets get you started with a quick check of how the markets closed the monday session in the u. S. The s p 500 gaining more than 1 for a second session. Every sector in the green, led higher by energy and tech stocks. Oil rallying after a drone attack in saudi arabia. That really highlighting middle east tensions in the oil market. The dow gaining 250 points. The nasdaq up 1. 4 . More optimism over the trade fund. That is filtering in through the u. S. Dollar which was higher throughout the session. Taken to another level, the highest this year after the boston chief eric rosenkrantz sounded a more hawkish tone. See how things are shaping up for the as markets. Sophie asian futures are trading mixed with tech very much in focus after semis rallied on w
To 20 . The corporate rate is said to be cut 20 . They are trying to clear the skies, they are trying to bring Digital Payments to hong kong. Also, 4000 outlets. Getaad 29 minutes until we this out of china. It is industrial profit news. This is 1094. This is the middle of last year. March of last year. The important question were asking today is is the turnaround the supplyside reforms. We have seen exit capacity been removed on the system. We have also seen inventory overhang being reduced. There has been a rise in metal prices that are driving a stronger profits. The view from Bloomberg Intelligence is that it is mainly the latter. It is causing this demand and the rise in metal prices. That is what we have. Haidi the bigger the interesting this is a particularly Interesting Data point. Ass translates to the same what the earnings are going to be. That is looking a little shaky given that we have seen that reflation story on the factory gate. The have seen it stumble a little bit. T
The dow yesterday. But these were some big swing as people were trying to digest what this means for potential for a hike. If we can. We can look at the prior day at some point. Watch the tick by tick for the day. I thought i saw most of the swings. Before too, yeah. Maybe it is going to be a monday up, tuesday down, wednesday up theres the tick by tick. But it was a fairly erratic day. By 210 it went from up over a hubs or 2 15 it was down over a hundred. Well continue to talk about this today but it does look like june is potentially a live meeting at this point. Also crude oil this morning. Another big swinger yesterday. Ended down after being up sharply. Down 2 . Lets talk about our top story this morning. An egyptian plane carrying 66 passengers on crew on a flight from paris to cairo disappeared this morning over the mediterranean. It was flying at an altitude of 47,000 feet when it disappeared in egyptian air space at 2 30 a. M. Loik local time. Hadley gamble joins on the squawk
A moment of silence to honor the upcoming 15th anniversary of the 9 11 attacks but the dow quickly fell triple digits on fears the fed may be ready to raise rates this month. Not just the dow, oil syncing, much more on all the market news, two hours until the closing bell rings on wall street. We want to take you to early voting that started today in north carolina, one of 37 states that will allow in person voting before election day which is 16 days away. The candidates are stepping up the campaign, donald trump set to speak during this hour to the voters summit and he will head to the allimportant swing state of florida and Hillary Clinton continuing to focus on National Security holding a bipartisan meeting with Foreign Policy and National Security experts. That is happening during this hour. All this on a day after the candidate attacked not only her opponent but those voting for him. You can take Trump Supporters and put them in two big baskets, what i call the deplorables, the r
And here is a switch. Trump talks policy, hillary does not. And the media, nothing about education, they say the Hillary Clinton email story is out of control. How about that . Just as president obama leaves behind a very embarrassing asian tour, another humiliation, north korea detonates a nuke and says it could put a bomb on a mechaniis at will. And well wrap up this, Varney Company is about to begin. Well, well, well, friday morning, were going to go down at the opening bell. About a half hour ago, a fed president said theres a case to be made to raise Interest Rates gradually. Is that why the market yes, boston fed president. Were going to hear a bunch of fed heads and most of them are going to be pretty hawkish, trying to let the market no, yes, theres going to be some kind of rate hike. The question, is it going to be later this month or the end of the year . The market reacts to this. The Inflation Numbers are going to start to heat up and the only way to combat that is start ra