The month of july. The month earlier, jim, was 99. 8. It was at the second highest level since the recession. 100 was the economists estimate. 90. 9. We are seeing Consumer Confidence worse than estimated. Im looking at the s p 500 on the screen behind me. It looks like we are not seeing a huge effect. If anything, stocks have rallied off of the lows of this early session. We will continue to watch the reactions, and the read through to the fed which begins its meeting today. Matt thank you. Lets go to the market. Right behind julie you saw the market rallying from a low. It was coming down a little after the Consumer Confidence number. He s p is up one third of 1 earnings surprises helped the market. The dow added. The nasdaq is unchanged at 5000 43 at 5043. Saying i rally that we have seen in treasury. It is being interrupted with a selloff in chinese equities. The treasury is a little bit weaker on your screen, the yield on the 10 year is up for basis points. The meeting begins toda
Of the last voice there, but it was an exchange between the two, senator Elizabeth Warren and tim sloan that was one of the more memorable moments. I think the reason that im the right person to run this company today, notwithstanding your criticism, is because i have been making change at this company for 30 years. Are you kidding you know, look, youve been there for 30 years and every one of my colleagues on both the republican side and the democratic side who have spoken so far have talked about a broken culture at wells fargo, have talked about the fact that the problem starts with leadership you made money personally off of it when you were asked about it, you did not tell the truth, and you tried to cover it up wells fargo is not going to change with you in charge. All right that was an exchange there between senator Elizabeth Warren, tim sloan the wells fargo ceo. We also have to have on cnbc today the companys largest shareholder, Warren Buffett. He said he still has faith in m
Before the decision to pull the bill last week we are moving on and i dont see anything that would challenge that basic operating rule at this moment. Thank you, john. John harwood in washington this morning. And good morning. Good morning, its 8 00 a. M. At facebook headquarters in men low park, california. 11 00 a. M. On wall street and squawk alley is live. Good morning, welcome to squawk alley, im john ford, and with me, kelly evans and mike santoli. Facebook rolling out new camera features on its flagship app. Its latest challenge to snapchat. They encourage users to use the in app messenger. This is the fourth Time Facebook has cloned key snapchat features in the past nine months, watching snap shares now, they are under pressure. How much are they down . Almost 5 . Lets bring in yousef scali, analyst with cantor fitzgerald. Guys, it might seem frivolous on the surface to some folks, this issue of features but engagement especially among this premium young customer going to be ke
After democrats succeeded in blocking judge gorsuch. Thousands of south africans to mr. To peacefully today, calling for the resignation of jacob zuma. The presence dismissal of the countrys finance minister has corruption. Rns over the Nobel Laureate made a rare public appearance to support the protests. News 24 hours per day powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. Scarlet live in bloombergs world headquarters. Joe we are 30 minutes from the close of trading. Heading the dollar is for its best we can two months. Joe the question is what it you miss . Scarlet the lowest level in almost a decade, but it could signal steady progress. National Economic Council director gary cohn ways in. Increased tensions with syria. A missile strike in syria is putting moscow and washington at odds. We will hear from the dean of the John Hopkins School of advanced International Studies next. Early growing pains, the chump administration and congress have yet to
Devaluation was confusing. Repeatingeading his claim to china South China Sea. Let us know what you think of our top stories. Follow me on twitter rishaadtv, include trendingbusiness. Shanghai, shenzhen, and hong kong reacting to that u. S. Jobs report. Here is juliet. What a disastrous number for that payrolls number. We are seeing weakness come through from a laser on the open. Singapore opening higher. From malaysia on the open. Singapore opening higher. Most of the weakness coming through from the nikkei 225 as the yen holding near onemonth highs. This is a story of dollar weakness. The likelihood of a june rate hike in response to that jobs number now only 4 , down from 30 . The likelihood of a july hike down from 50 to 27 . Down 1. 4 with the yen holding on to those highs. Australia, up by a third of 1 . Gains from gold players. That shows you how much there is in terms of risk off sentiment. Investors flocked to that safe haven gold price. Zealand closed today, also korea for a