Heres what to watch for for equities for the second half of the year. Stock Market Investors are having to deal with a few bumps during the First Six Months and while volatility is low for now, there are a host of reasons why it could pick up. First, the greek debt situation has now gotten bad enough to spark Global Market concerns. Stoc across europe and asia have caused big swings which could cause a voter referendum in greece on whether to stay part of the euro currency. However, many experts believe the u. S. Will remain rather eninsud from the worries there. The next one is the fed whether they will raise Interest Rates. Look for that kind of uncertai continue. And then theres corporate profits. S showing signs of slowing. They expect a decline for the Third Quarter and u. S. Stock markets have not seen a pull back since 2011. Those are a few sparks to a fresh downside move in the second half of the year. For nightly busine im dominic chu. As dominic just said investors will be wa
And less cash in home buying and lender underwriting. Weve talked a lot about some loosening in the market. More adjustable rate loans and even interestonly loans coming back. Freddie mac made some changes when it comes to student low debt as well. That should give branks and nonbank lenders a boost in earnings for the year. We actually have more housing data out today. Mortgage makeses edging up ever so slightly 0. 1 last week but existing home sales, thats where i really want to focus in on because they came in quite strong. Right . Yes, mandy. Were seeing healthier sales in june. Prices, not so much. Sales gained a larger than expected 3. 2 in june for the month, up 9. 6 for the year. Thats the strongest monthly pace in over eight years. But they came at a very high price. The median existing home price hit 236,400. Thats the highest ever. It is due to tight supply up less than half a percentage point from a year ago, just 2. 3 million homes for sale. It is also due to more expensiv
Thank you very much for the invitation to be here today with you, and thank you so much for arranging this nice weather in this place. Mr. President , im very glad that we had such a good meeting, and this is due to your strong leadership. And this is also due to our strong partnership. Obviously the fact that we celebrate 20 years of Strategic Partnership this year is important for both our nations, and it is important to know, and this is what i want to underline. That this partnership with the United States of america shaped romania as it is today. Romania, a solid democracy with the a solid, sustainable economic growth. Romania, which stands together with the u. S. Troops in afghanistan. We stand together in iraq. Mr. President , this partnership contributed greatly to what romania is today, and this partnership was and is very important. And i think this partnership not only has to continue, this partnership has to become stronger. This partnership has to define our bilateral rela
With me, as always, jon fortt and Kayla Tausche at post 9 as the dows down about 20 points. Busy day for poll kicks and business. One week since the inauguration. The president front and center on the world stage, moving one step closer, some say, to a trade war with mexico, ramping up rhetoric this morning, as the president welcomes his first foreign leader to the white house today. Our john harwood is at the white house with all the latest. Good morning, john. Reporter good morning, carl. You know, President Trump did not back away from what happened yesterday when the mexican president canceled their visit next week. He came before the republican retreat and said we have mutually decided to put off this meeting, unless we are treated properly and with respect, there is no point to it. Today he sent out a tweet underscoring that complaint, saying that mexico has been taking advantage of us for years on securing the border and on trade, and that has to change now, in all capital lette
His reaction. But first lets get you caught up on the market. The dow hitting a high this morning. Global bonds have been selling off. Rates going up. Tech stocks still under pressure yet again. Morgan brennan has more on that from the Nasdaq Market site for us. Thats right, so the good news is we are pairing some of the earlier loss we saw for the nasdaq composite, however still underperforming the dow and the s p the big cap nasdaq 100 fairing even worse, down about three quarters of a percent right now. You mentioned tech stocks are the big culprit here and that really has been the case, weve been seeing the major tech names sell off ever since trump won the white house in about part thanks to investor worries about change on trade and immigration policy. So apple one of the biggest losers. It is having the bigs negative point impact on the nasdaq 100. One reason is that we have a report out of china that iphone sales may suffer if president elect trump were to impose tariffs on tha