Good morning welcome to Worldwide Exchange on cnbc. Im dominic chu. Im seema mody in for wilfred frost and sara today this morning we are seeing some red after a big green day yesterday. You can see for right now we have an implied open on the dow of down just about 180 points. The s p indicated to open down by 16 and the nasdaq down by 29, 30 points. A nice 410point gain for the dow yesterday maybe sets things up for a breather today. Well see if that selling pressure holds steady or gets exacerbated. The tenyear note yield, a bit of a bid to treasury bonds, so yields are lower this time yesterday we watched and saw the tenyear treasury note yield around 2. 88, almost 2. 89 . You can see now 2. 83 is where we stand on that u. S. Tenyear treasury note. Lets look at stocks in asia overnight. Asian stocks closing higher with the exception of japan, which closed lower by 0. 7 thats due in part to the rising yen. You can see a strong move for the shanghai composite the kospi higher by 0. 4
President trump calling on congress for 1. 5 trillion bill to help fix the country crumbling infrastructure tomorrows report, apple gets a downgrade, disappointing iphone demand and the s p 500 the worst day since may of last year despite the sell off though. Almost, six decades heading into the trading section of the month, each 5. 5. Nasdaq is up 7 for the month. 14 record s p 500 closes is the most since 1955. I have to go back, thats seven years. I heard the speech last night, not only the president , hes literally taking credit for the stock market and hesdone lot to make it so that this rally makes sense. You look at the boeing quarter today. You everyone is skeptical and some of them is antitrump. Come on, this economy is thnot that good. You look at the electricity number, they dont lie and you come back and say listen, what do you want how for real do you want it to be what do you need to see . A 6 gdp number . It is real you can make an argument that it is reflected in stock
Welcome to the pulse live from bloombergs European Headquarters in london. Im manus cranny. Lets bring you the eurozone manufacturing data. The comp is it for manufacturing comes in at 52. 4. Are also as numbers beat, 54. 3, giving us a composite number ahead of estimates at 54. 1. We are amid easing cycle in europe, so that is important to note. The euro has been trading that little bit higher. 1. 1249 is where we are. That is better than the market had estimated. The composite number 54. 1 beat estimates. It is a big week for markets. Weve had the weakest chinese manufacturing data since the Global Financial crisis. Emergingmarket stocks fell towards the worst week in two years. The latest from beijing in just a moment. Lets get all the market moves wrapped up with Caroline Hyde. Caroline a torrid week on the markets. 2 trillion worth has been erased in terms of market valuation across global equities. We are having the worst week in nine months. This is where one of the clouds that
Quickly provide aid to those hurt by harvey. It will avoid default and it will fund the government, avoiding a shutdown. And we all agree, we will Work Together in december, as well, to avoid a default. Mark the u. N. s syrian envoy says it is the moment of truth for syria, after two key towns are nearing defeat. He told reporters in geneva today, a day after Government Forces breached a nearly threeyear siege of the town by the islamic state. We actually move forward with the plan to have serious betweenions in october, the government and the opposition. Mark u. N. Mandated investigators said the syrian president air force conducted a sarin gas attack in the spring, that killed at least 83 avilians, and sparked retaliatory u. S. Strike. Germanys finance minister warns, there is no free lunch in brexit talks. Of the says, the reality divorce is sinking in among policymakers. He says the goal is to find solutions that will keep the damage to both sides, as limited as possible. Global ne