Averages. All 10 major Industry Groups in the s p are higher today. We see gains in energy and that is leading the way. We have breaking news out of turkey. An explosion at the airport. Let me bring in our reporter from our istanbul euro. He joins us on the phone. Know this is an unfolding situation. Give this and of data where we are. Give us an up date of where we are. Guest there were two blasts at the airport causing multiple injuries. The Justice Ministry says at least 10 were killed in the attack. It is not quite clear whos responsible for the bombing and there are reports the incoming flights have been diverted from turkey. There have been a string of terrorist attacks across turkeys main cities this year. Turkey is dealing with the spillover from the civil war in isis and kurdish militants at home that have claimed responsibility for several recent, tax. The situation is still several recent attacks. The situation is still unfolding. Joe how big and busy is this airport . How b
2030. 82, and it could trade for a couple more minutes. Who knows . Joe nevertheless, s p 500 added highest level at its highest level since 2013. Matt and gains all across. I want to start with a look at stocks. I have a chart of the s p. The chart a lot of people use to look at the different Industry Groups. On a day like today, it is all green. Which, you could click on these high pieces pie pieces, it is very cool. But it is very broad. All Asset Classes. Telecoms and utilities, all gain in the most. Gaining the most. But, look at the volume of the Industry Groups compared to the 20 day moving average. You can see that almost every group, with the exception of materials, is trading below the 20 day moving average. Not a lot being traded. It feels like a holiday weekend. Joe just as extraordinary as the gains we saw the equity market, because the yields are lower again. Even with the rally, this is an intraday chart of the 30 year yields. The spike was at 830 when we saw the jobs re
Equities, a little push back. Morgan stanley saying we will see maybe 1 in the First Quarter of next year for the 10 year yield. Some selling in stocks today. The money flowing to some extent into treasuries. The dow had been holding up relatively well. Still down the least. Back into the red. Pulling back from the record close yesterday for the dow and s p 500. The magnitude of the drop is not big, only one third of 1 for the s p 500 but the brett of the decline pretty broad. All of the s p 500 lower today led by energy and materials as we see a commodity led selloff. A lot of individual movers, netflix out with its earnings, the subscriber growth, or lack thereof drawing attention. Adding 1. 6 8 million subscribers in the Second Quarter, falling shorts short of estimates blaming price increases. Johnson from johnson and Lockheed Martin, they had winners, though Lockheed Martin now lower after that Companies Earnings beat estimates, Johnson Johnson with earnings that beat in the Secon
Down by now when hundred 12 points. We continue to fall. Again, it all comes back to earnings. That is what people are paying attention to and what stocks are moving on today. Qualcomm beating estimates. More progress in its chinese business. Raising sales and profit forecast for the full year and bio gender placing its ceo. Flipside, intel shares falling after that Company Continues to struggle with waning pc demand. Earnings per share missing estimates for the first time in five years. It is now facing the challenge. F how to raise fares and union pacific, less demand for moving stuff around the country. That companys earnings suffering. And industrials are the worst performing groups today. That includes things like union pacific. M a has been a big theme also. On the been a busy day corporate front. An acquisition from a japanese company, the secondlargest in secondlargest. That is 1. 5 3 billion, 30 two dollars a share. Those shares surging on a large premium. Butpandora has turne
Maria trump rallying the crowd last night giving the longest acceptance speech in more than 40 years. I have visited the laidoff factory workers and the communities crushed by our horrible and unfair trade deals. These are the forgotten men and women of our country. And they are forgotten but theyre not going to be forgotten long. These are people who work hard but no longer have a voice. I am your voice. Maria clinton to make way as head of the Democratic National Convention Next week. Expect today name her Vice President ial pick at an event in florida today. On to the Business World of massive headache for General Motors to report, the company is recalling over 400 million vehicles. Chipotle profitable again however miss expectations. We will tell you about it. Facebook drone taking flight. The stunning images of voyage. Market this is morning pointing to higher opening after snapping nineday trading win. Streak yesterday, we are awaiting earnings from big names like General Electri