Wednesday. Pmi 50. 5 a twoyear high. Markets are mostly flat. Road map begins with the highest inflow ever for equities. Investors pouring 40 billion into stock funds in july. As we said, three key fed speech this week that could shake the markets. A big win for apple in its battle with samsung. The Obama Administration vetoing a ban on apple products. Share of samsung are falling in asia. Tv blackout, battle between Time Warner Cable and cbs show nothing signs of letting up. The Terror Threat overseas. Many u. S. Embassies stay closed now until august 10th. A live report from nbcs Pete Williams. First up, if you didnt see it, u. S. Equity funds saw a record inflow in july. According to trim tabs funds saw 40. 3 billion coming in last month while bond funds saw the fourth highest outflow on record. David seeburg at cowan. Good monday morning to you. Good morning. David, is this the beginning of something new . It seems to be. I mean, 40 billion in july, amazing. Still a ton of cash on
Tapering of the quantitative easing by the fed is likely to start in september. That was the headline. Then you read the whole story, and he says, or maybe it wont. So its the same story youve been hearing, but the market chose to listen to that part of the story. In just a bit, marias special interview with actor and Technology Investor Ashton Kutcher. He, of course, is portraying apple cofounder steve jobs in the major Motion Picture that opens next week. Well get his take on jobs. Its truly fascinating. Plus, were going to talk about his very successful run as a Technology Investor. Get this. It now totals about 100 million in startups. So you want to stay tuned for that interview with Ashton Kutcher coming up. Also, one hour from now, the president is in phoenix, set to deliver a major address on the housing market. Hes proposing huge changes for the entire structure of the Mortgage Business in this country, including getting rid of freddie and fannie. Some like the idea, some say
With the sail boats going by. Its okay. Well be fine. Actually, we have a pretty good it real i mean go ahead. Bill, the shot behind me is real. It is absolutely spectacular. It is an picture. Its not memorex. It is the real deal. I have no doubt thats a real picture. What is interesting is because what is behind me is real too, right now. And what is going on i know that. And the rally on wall street. Been doing this a long time. Yesterday, ben bernanke spoke zippo. Nothing happened in the market. Today we spoke and we are off to the races. Alltime high territory. We will talk more about that coming up. Also we await earnings from microsoft and google. They will be up next hour. That will definitely help set the tone for tomorrow as well, maria. So the question is, what happens from here . Do you want to get into this market right here at these alltime high levels . We will talk with black box ceo larry fink. He was the first to call this market, a bull market. Remember he came on the
Whats happening with the nikkei. Down 4 . Heres whats happening across europe. The bank of england saying it plans to keep Interest Rates at record lows until unemployment falls to 7 or below. So a mixed trading session. We will have plenty more on that later in the program. Also in our road map this morning, disneys Third Quarter results top estimates but its movie studio takes a hit on the lone ranger flop. Morgan stanley, facebook saying that video ads constitute a good chunk of revenues by next year. Shares of ralph lauren are unraveling on weaker guidance. Dan lobe is backing off sony for now and is telling an angry George Clooney they have more in common than clooney thinks. Shifting our focus. We were just talking about whats happening in japan. Mike, i just wonder again if people, as much as theyre talking about how the taper is responsible for whats happened overnight, if its not in fact some of the things that are developing overseas which are just having an impact here back
Economy with a specific goal of achieving a substantial improvement in the outlook for the labor market in a context of price stability. Stocks didnt react much to his comments. Trading in a narrow range. But this is probably exactly what the chairman had been hoping for. He stressed volatility has come down in the markets as heny th the markets have gotten a better understanding of what it needs to do. The futures at this point are indicated up for the dow futures and s p futures. Dow futures up by 33 points. S p futures up by 1. 25 points. Nasdaq futures indicated down by half a point. Beyond bernanke, few other events of note. Weekly jobless claims, the philly fed survey and leading economic indicators. And we have Quarterly Results from Morgan Stanley, United Health, verizon and black rock among many others before the bell. It will be keeping us busy this morning. Beyond bernanke. In earnings news beyond bernanke. Were beyond the birthday. Yes, we are. I would have gone with 21, by