Im wilfred frost alongside seema moody. Yesterday we did see a decent futures board this time yesterday and decent open but we lost impetus during the course of the day essentially you can call it a bit of a step back pausing for breath from this posttrump election rally and today were seeing a little bit of positivity but muted given the gains we saw last week, the dow higher by 32 points, s p by five and nasdaq by 11 points. Not huge gains yesterday we saw continuation of some of the sector performance, financials once again the best performer theyve had their sixth positive session in a row. Can that continue again today . Tech suffering significantly, down over 2 . Worst sector yesterday. Big names like apple and amazon have been suffering since trumps election victory. Take a look at european stocks. They did finish well off their lows yesterday. Here in europe. As we can say u. S. Treasuries now in focus with the ten year still above 2. 1 . In europe mixed session right now with
Crude prices ended the day by 1. 50. Wti is up against another 16 cents to 47. 48. Brent is down by three cents to 48. 95. Earnings just out now from home depot. The dow component posted a profit of 1. 44 a share was eight cents above expectations. Revenue also beat analysts forecasts. The company also raised its fouryear guidance to 6. 27 a share. Were going to dig through the report im digging. With an analyst at this point. The stock is looking really strong today. That should help the dow to some extent. Since it is in the dow. And i believe that is an alltime high. Alltime high for home depot. And youre talk about a market cap of closing in on 200 billion. And you know, we have still a young guy, energetic dude. Started in his lifetime i dont think he was in his 20s when he started either. To create how many thousands of jobs. Create 200 billion worth of shareholder value. Its just an amazing value. And craig meniere the chairman and ceo. Pleased with a strong expected growth. Bro
Good morning from me as well. Lets get you up to speed on the wall street action. A nice day for wall street. 1 gains in all three indices. Apple another one of the factors, its carrying through asian trade and helping futures. 16 points on the dow and 1. 5 points on the nasdaq. The s p up by eight points. Lets have a look at the chart of the day. Oil on supply discussions. Eia saying share output is expected to drop in june for an eighth consecutive month. And also fires burning around the canadian oil supplies of Fort Mcmurray up again. Up ten basis points but the big move came yesterday with up 3. 3 . Settling at its highest since the 3rd of november. And today a high of 47. 85. Oil prices remarkably strong. Inching towards that 50 a barrel. Its helping markets everywhere. Take a look at asia over night. We did see a gain after the nikkei went to a oneweek low. Also saw gains in hong kong with shanghai comp did close lower by 0. 25 . Gary fink of black hawk make something warnings.
Shes off today. Also my birthday. We share the same birthday. Happy bee late. Welcome to Worldwide Exchange from us both. Lets have a check in on markets right now. We are by a quarter of 1 as you can see. The dow expected to open 33 points higher. Friday took into positive territory for the week. Friday, took us into positive territory to the tune of half a percent of that strongs jobs number. We also saw the bond markets retookt that. Some selling of the bonds allowing yields to tick up slightly. 1. 576. The uk bond market as well. Thats been moving in the opposite direction following bank of england meeting last week. 0. 65 on the tenyear. Its moved sharply since brexit and the Monetary Policy meeting last week. Significant moves in the opposite droex what the u. S. Bond market has seen. Lets look at european equities this morning. Higher across the board. One notable piece of Economic Data. German Industrial Production rising more than expected in june. Bouncing back from a decline
Us. Gina martin adams from wells fargo. First, first world with Caroline Hyde. Caroline thank you very much indeed, david. Yes, lets look at the stage being set at the moment for the battle between apple and the u. S. Government. Apple is refusing a federal magistrate order to help the fbi unlock the iphone from one of the shooters in the San Bernardino terrorist attacks. Apple ceo tim cook says the company has given the fbi data that is in its possession, but cooks as building a back door cook sayse but 10 buildin him cook says building a back door to retrieve the information would not be good for security for customers. President obama says the senate needs to consider his nomination for the replacement of antonin sculley on the Supreme Court. The Obama Administration had reportedly planned a vast cyber attack against iran if the dispute had led to military conflict according to the New York Times. Disablingas aimed at the power grid and communications. Global news 24 hours a day, po