S p up 17 points higher and the nasdaq up 38 points higher. Give it a little context. Give it a little context. The china situation. What did it do yesterday . It was bad. It was bad. No today. It was bad. Closed already. Closed already. It had gone down as much as 5 in the morning. So they have indicated theyre ready do more if necessary. But people dont necessarily believe that theyre ready to do more because it can only do so much. And if they truly are trying to open up Capital Markets and inflow and be more free market orient, the more that theyve manipulated, the less it looks like theyre going that way. Right. Because then you dont actually trade on fundamentals. Youre always trading is the government going to come in or not. Weve been trading on that too for years now. You mean like for banking shares . I mean we dont have the u. S. Cogovernment coming in and buying stockmarkets. Are you talking about the feds . You dont believe that. I do believe that. You do. I believe every
Search business. And prudential prepares to deliver firsthalf earnings in about 15 minutes. Profits are expected to surge by 10 , but investors eye the challenges ahead. Welcome to the show. Lets get straight to european markets, which were indeed quite strong yesterday. A slew of earnings and oil prices recovering by a couple of percent allowed equity markets to perform relatively well, better in europe than in the u. S. , but positive across the board. Now, today we are down 0. 6 for the broader stoxx 600 as you can see, a correction from yesterdays positivity and more of a continuation of how august as a whole has kicked off. Ftse 100 down 0. 6 , germany and france down a little bit more than that. Athens is in positive territory and seema will tell you why. Absolutely. Lets take a look at that top story. Greece and its International Creditors have agreed to a deal on bailout terms following long negotiations. Finance Ministry Sources telling cnbc that a number of minor issues still
Were off to the races now. Heres whats happening before the bell. Quarterly results from jp morgan and wells fargo. The economy also front and center and topping todays calendar Weekly Mortgage applications. Import and export prices. Business inventory and the feds beige book plus we have a little bit of focus overseas on the ecb. Top European Court giving a green light to a Bond Buying Program and thats heading out to speculation that well see more stimulus out of the euro zone when they meet next week. Take a look at futures at this house. The dow not so great. Dow looks like it would open down about 57 points down. Nasdaq would open down about 11 points down and the s p 500 would open down off about 6 points. Check out what could be the chart of the morning. Something we dont mention that frequently perhaps. Maybe we should mention more copper because it is a weather for Global Economic activity. Prices plunging to the lower level in half a decade. Prices down as much as 8 at one po
Now after today ill be the former side kick to gretchen carlson. No way. I know youre going to be fantastic. We have so much news to get to today. Looking forward to it. He me as well. Thank you so much, governor. Breaking right now. Torontos rehabilitated cracksmoking mayor may be spending his last day in charge. Mayor rob ford reportedly dropping his bid for mayor in next months election. Apparently not for the reasons you may think. Trace gallagher live with mosh on that. Ill till, gretchen. We thought the News Conference was going to be the top of the hour, but we still have not gotten a signal. It might be at mount sinai hospital where rob ford is being treated for a mass in his stomach or it might be at city hall where his brother doug ford might make a statement. Now, heres the reason. You might want to get a score card because we have some Musical Chairs going on in the toronto mayors race. We have just learned an hour ago that rob ford has pulled out of the race because he was
10 Times Automakers Surprised Us With Crazy Unexpected Technology topspeed.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from topspeed.com Daily Mail and Mail on Sunday newspapers.