The underperformer over in europe is Deutsche Bank hit. Again. E is down we are at a twoyear low. It is the opposite for copper trading at a twoyear high. The vix is a lower again. That is the wrap of the market. Now twitter earnings are crossing the wire. Jonathan Quarterly Earnings helping by video advertising even as the social Network Field to add any new monthly losers and thus dock is down. Second Quarter Sales fell 4. 7 to 573. 9r earlier million and that beat the average estimate of 537 million. Alix this is a big deal. A big question is can a growth continue . The answer from the Second Quarter is no, no second monthly quarter growth. And putl be rough twitter in a difficult position. Not be surprised and that is the number they focus on top that is what they care about. Butthan revenue was ok user growth is why it is getting punished in the premarket. Up on this green for you this is how we trade. Down by three full percentage points. The revenue to beat, user growth is a mes
Most heated moments from last nights debate, the good, the bad and the ugly. Well break down the most important comments. Some new hats thrown in the ring for twitter. Well give you the latest on the various suitors for that company. Iconic hedge fund Perry Capital shutting down its flag ship fund after nearly a decade. Is it a sign of broader problems on wall street. First up, the gloves came off at last nights president ial debate. Donald trump and Hillary Clinton going after each other on many issues, including jobs, trade and taxes. The candidates were at odds on the best way to grow the economy. Take a listen. Under my plan, ill be reducing taxes tremendously from 35 to 15 for companies, small and big businesses. Thats going to be a job creator like we havent seen since Ronald Reagan. Its going to be a beautiful thing to watch. Companies will come, they will build, they will expand, new companies will start and i look very, very much forward to doing it. We have to renegotiate our
Struggle overall in the market. Opec finally cut production, this has been two years coming. Why does that matter . Inflation expectations. On redeker laying it out and Morgan Stanley today saying you get more shale investment in the u. S. And that is why this decision matters. David particularly if the deal holds. If they actually do it. Alix if optimism moves the prices that will move Inflation Expectations. My interview with james morgan, Morgan Stanleys ceo ways in on the trouble at Deutsche Bank. We will be discussing geopolitical problems potentially weighing on the market. We have an interview with jack lew. Jonathan is standing by. We see a monster rally in Energy Stocks but futures are negative. Jonathan it is a strong bid for european equities. The ftse 100 up by one percentage point. The dax pushing higher by 7 10 of 1 . The risk on feel in the fx market with a weaker japanese trade. 1 is how we this commodity market is absolutely fascinating. A market, yes. A collision, a c
Brexit debate and then the blackrock comments. The markets are not ready for the hike. Tom it is a stew. It is a stew of news. Youre right, francine. There is a negative tilt to it. Standard chartered really took me back. I know you talked to Chris Wheeler within the hour. What did he say francine he said these are banks going through huge restructuring. He mentioned specifically china. It took a leg lower today. It is going to be that much more difficult. Lets get to our first word news with nejra cehic. Nejra a boost from the business communlt. 36 chairman say it will be best for the economy if the u. K. Stays in the e. U. Leaving the union would deter investment, threaten jobs and put the economy at risk. Rebel groups in syria have until friday to sign on to a partial ceasefire. The u. S. And russia agreed to this yesterday. A new controversy in the president ial race just hours before nevada republicans vote in their caucuses. Ted cruz has fired his Communications Director for twee
The opposite playbook of what we saw with the rally last week. Il leading the declines all three major averages close to the lows of the session. They are falling along with oil today as we see that correlation come back into effect in todays session. Oil down by 4. 5 . We have the Saudi Oil Minister speaking at a conference in houston earlier today saying no plans to cut production. There did not seem to be high expectations. There is disappointment that appears to be affecting the markets. The saudis welcome the west show business and they are happy that there are exports that would allowed that will be allowed from the unite states. You note about oil see 31. 90 which appears to be a higher price than yesterday. On the day, oil is lower near that april some of what we are seeing if stocks are down, people are buying stuff they view as safe. It has not been that straightforward today. Yes, we are seeing a bit of buying of treasuries, but it is a very little bit. Earlier today come we