Percent. In europe also seeing a bit of a mixed picture. The ftse is higher, up by 0. 3 points in france, the cac is under pressure in germany, the stocks are Weaker Crude Oil prices up yesterday for the sixth session in a row this morning up once again up 21 cents to 44. 96 blue apron pricing an ipo last night, 10 a share. Thats the low end of the reduced range the Company Announced yesterday, well below the estimates of 15 to 17 a share. Blue apron raised 300 million ahead of its debut on the New York Stock Exchange later today. Thats a third less than it had hoped. Staples going private. They are being bought basic moth by Sycamore Partners they will pay 10. 25 a stair r. Share f share for strappal staples the buyout comes two years after a federal judge blocked staples planned merger with office depot on antitrust grounds. There was a deal when it came to supermarkets, would supermarkets now be in a stronger vthanks to amazon lets talk banking. The fed clearing capital plans for 34
Manufacturers up for a Third Straight quarter as exports drive expansion. Haidi chinas latest hong kong connect starts today, giving overseas investors access to the 10 trillion debt market. Beijing taking aim at washington after the pentagon sent theyve or shipment to disputed waters. Half an hour away from bond connect. The whole idea is to connect the world through hong kong, sending the northbound traffic to this 10 trillion bond market, corporate and sovereign as well, in china itself. What do we have . The idea is we have this big premium over china debt over u. S. 10 year debt, and hoping this will create demand, pushing yields down as we see that you cap balloon gap balloon. Of 120 five basis points difference between what you get in terms of yield in the u. S. Compared with china. Thats right. We are looking for the onshore rate as well as the dim sum bond and forstart never ring the chinese bond premium to start normalizing as well, closely correlated to money market rates. W
Europe largely unchanged the 10year just below 3. 5 road map begins with the second half of the year kicking off in high gear, what to expect for the rest of 17. And north korea launches a missile with the capability of reaching alaska. This as President Trump heads to europe to meet with world leaders. What the growing geopolitical tensions may mean. Is the job of ceo not what it used to be many top executives departed in the first five months of the year than last the look at the changing face of the suite. Heading into the first full day of the trading half the dow off an intraday high, nasdaq looks to avoid a fourday losing streak, wall street awaits the release of the fed minutes at 2 00 p. M. Eastern and investors will be interested not only in comments in future rate hikes but perhaps the timing of the feds planned Balance Sheet reduction. Jim, welcome back first of all journal today suggests they may talk about some timing of Balance Sheet but might get indications of a decembe
Ahead of fridays g20 summit. At 10 00 we get factory and goods orders for the of may. This afternoon the fed will reap the fomc minutes of last weeks meeting. President trump will be heading to europe for the g20 summit. The question is of may. This afternoon the fed will reap the fomc whether they are going to spend the time talking about geopolitics or trade. Heres kevin cirilli. We thought it was going to be all about trade. It doesnt look so much right now. It looks like its going to be all about north korea. The administration sending clear singles they are hoping to put pressure on north korea. As a result of their testing of an Intercontinental Ballistic Missile on the fourth of july. We should note that secretary of state Rex Tillerson has echoed u. N. Ambassador nikki haley who has called for there to be a laterl you in meeting this afternoon with the Security Council. I want to pull up a statement from the secretary of state who said in a statement that Global Action is requi
Energy contract has not been destruck ted by the boycott. Theres no interruption at all. We have flow of gas and oil going all the way to our client, no interruption. And in another cnbc exclues if, ermotti says investors are looking for sustained period of calm before they take out money from cash reserves geopolitical front is, you know, quite a warning in respect to whats going on almost every day, so investors are really fundamentally touched by all those, and need to see prolonged and stable pattern Going Forward. There are a lot of green tiles today on this screen european markets off to a positive start this week stock europe 600 is tracking up over a third of 1 today seen some gains from friday when we had solid job numbers lets look at whats happening in individual european indexes it is around a third percent the italian ftse up by a half so far today lets look at what sectors drive the gains this morning we see real estate is in the lead almost up by just over sixtenths perc