Crude oil hitting 104. 12, the highest intraday level in more than a year. Road map begins with markets. Bond yields rising, oil back off 15month high. Well break down what it means for all of your investments. Other questions over the crash landing of course in San Francisco airport that left two people dead and dozens more injured. Live on the scene. Crisis in egypt continues. Politicians fight over who should govern the country. Live to cairo. The latest details on the dell buyout. Michael dell key endorsement could bolster his plan to take the company he founded private. Futures climbing with the s p on track for its third day higher ahead of alcoa earns this afternoon which marks unofficial start of earning season. The tenyear slipping back to 2. 69. Dollar at threeyear high against the euro. Interesting session after the jobs number, which in itself was a wild ride on friday. Right. Lost ground in the morning. Made it up in the afternoon. First the tenyear had the big move. By th
See there. 2. 71 . Yeah. Lets move on to europe. Second quarter gdp data indicating eurozone emerge by recession. In and also some growth in france. And that gets us to our road map which starts with a rare miss for macys. Shares of the Department Store are falling in the premarket. The ceo says consumer are worried about the uncertain economic environment. Apple still getting the icahn burp thmp this morning. Carl icahn tweeted he bought a stake in the tech giants. And strength on the farm. Deere beating on the top and bottom line this morning, citing strength in Farm Equipment sales. Bill ackman speaks out about the villains of the Capital Markets in his public bat with other highprofile Hedge Fund Managers. Man. A lot of personality. A lot of personalities running around there in vaktism land. Hes start with shares of macys. Down sharply in the premarket. Retailer posting the Second Quarter results that were below wall street forecast. Samestore sales fell 0. 8 from one year ago. Ce
Checked. Lets take a look and see if that still holds. Yes, it does. Not significant declines but declines nonetheless across the board. As for asia and japan, japanese gdp it did pressure the nikkei there to the tune of 4. 7 . The Chinese Government offering financial stimulus to towns to maintain economic growth. Signs of life there in the chinese economy. Lets get to our road map this morning. That does start with the s p. Which is sitting just under the key technical level of 1700 but setting up to expend a multiday losing streak. Blackberry replies all, says its open to exploring Strategic Alternatives. Jcpenney mulling action against bill akman for turning deliberations into a public discourse. And we have a date. Apples new iphone will be unveiled on september 10th. Were coming off a week in which the dow industrials broke a sixweek winning streak. This morning as we saw futures lower on that news out of japan where Second Quarter gdp rose 2. 6 , thats well below economic foreca
Women of pd for their response to this situation. We have Los Angeles Police department, tsa, fbi, laso and other agencies. We will treat this incident with the unified command. Many, many details will not be given out at this point. We will not speak about the nature of injuries, we will not speak about the suspect. The investigation is being handled with the fbi with the cooperation of the Los Angeles Police department. Again, tremendous unified response. Know that this region worries about its airport because of the complex issues involved with various jurisdictions. It was handled very well today. Thank you. Hold on, one second. Well next hear from fbi special agent in charge. Special agent to talk about the investigation. Special agent in charge of the fbib bowecih. Were working with l. A. Police department in respect to this investigation. The investigation is ongoing. Im going to give you very little facts today, very few facts. Were working with the u. S. Attorneys office as we
Setting up for pretty nasty open. At least if youre long at this point. Look at the tenyear. Thats become an important oh, its always important but its become perhaps important again to whats going on in terms of trading and the view of the overall equity markets rising to twoyear highs after weekly jobless claims fell to levels not seen since october of 07. Yes that is a good thing. In fact, you could argue thats even a good thing, too. Lets get to the road map. It starts with the major indices in the red. Investors wondering whether we were in taper territory as two dow components red on the market. One is walmart. Shares rolling back today after the retail giant cuts the fullyear forecast citing tightened Consumer Spending and payroll tax increase. Another dow component deep in the red today as well is going to be cisco. Company cutting 4,000 jobs despite an increase in profits that is sending the stock down sharply in premarket trading. And organic food maker annie is up 40 out per