The charge and treasury yields surge as markets are at record all time closing high territory for the major averages joining us for the hour, stephanie link good afternoon to you. Today is what trade headlines that push us higher but with that rise in yields is improving sentiment. Three thing its trade and obviously the roll backs on tariffs. Potentially. Well have to see how that works out. Earnings earnings are better. 2 better than expected. Not great. Flattish overall but next year even though numbers have come down still looking at 10 Earnings Growth. Maybe the story is Third Quarter, Fourth Quarter is trough in earnings and most important to me what is driving the risk on trade is Global Growth stability if you look at german factory orders, you look at german pmi services yesterday, you look at italys pmis, they are not great but stabilizing. Thats causing yields to rise and with it the cyclicals sector big final hour here thanks for being with us lets drill down on the other b
Ready to go. The Halftime Report starts right now. It is great to have you with us on this wednesday our Investment Committee today, joe terranova, jon and pete najarian, carrie firestone, kevin oleary, and also with us on set, Kathy Entwistle weve got a full house of advice today. Stocks on track to recover their losses from last week. Being driven by strong earnings from target and lowes target hitting alltime highs topping 100 bucks for the first time ever. Do we continue to bet on this consumer, carrie are there enough unknowns in the back half of the year to make you cautious its a great question and what the market has been telling you for the last year is that its a battle its a tugofwar between deal or no deal recession or no recession. Interest rates up or down. And do we put the money in the mattress or the market this week its the market. So if you have earnings growth, which weve been seeing this quarter, and the consumer is strong, people forget that we dont have a trade d
Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the board. The biggest gainer of the three major averages is the cac up 1. 4 but you see gains of better than 1 for the ftse and dax as well take a look at whats happening with treasuries. Right now the ten year is yielding 1. 588 . So the yield picking up just a little bit the two year yielding 1. 539. Lowes is solidly higher on the numbers here 215 adjusted versus estimates of 2. 01 on better than expected revenue. A little bit anyway. The revenue is 20. 9 expected and 20. 94 to 20. 99 and then for
A warm welcome to the Programme Briefing you on all you need to know in global news, business and sport. Over 30 million is up for grabs at the fortnitegame world cup. 15 yr old benjy fish is one of a handful of british gamers to make it to the finals. Today we want to know are parents right to be telling kids theyre wasting their time online . Get in touch bbcthebriefing. We are going to start with brexit. Top Europen Union officials have given a cool response to borisjohnsons remark to parliament that he is committed to getting rid of the irish backstop designed to prevent customs checks on the irish border after brexit. In a phone call with the new british Prime Minister, the Commission President , jean claude juncker, stressed the deal couldnt be changed. John mcmanus has more. Statement, the Prime Minister. Do the cheers of his conservative party mps, Boris Johnson rose the cheers of his conservative party mps, borisjohnson rose to make his first Prime Ministerial statement, and h
Election results will be announced on thursday. Our correspondent inna iosipova now works at the Central Election Commission. She joins us live. Information from all regions flows into cik. Are there any significant differences in the data or in the country as a whole, the numbers are approximately the same everywhere. At this moment , 99. 7 have already been processed. I just repeated it, i state, and we are proud of it, for the first time in many years our citizens just like that felt proud that we can all defend the country together, the leaders in turnout were chechnya, north ossetia, the republic of tva, the kemerovo region, kabardinobalkaria and the yamaloninensky autonomous okrug, and donbass and novorossya showed a high turnout, by the way , in these regions as well. And the highest level of support for Vladimir Putin, he received up to 95 of the votes. In the belgogorod region, people went to the polling stations, even under fire. During the elections, our colleague was blown