Shanghai composite down by a third of a percent. In europe, already seeing that there are some advances there with the dax up by 0. 9 . Cac in france up by 0. . Ftse up 0. 6 . Watching treasury prices. Tenyear yield on the treasury hit another two week low. We have been keeping an eye on crude oil prices. Yesterday down by nearly 3 , settled at 44. 67. This morning a gain of 20 cents to 44. 87. In political news, a stop gap spending bill that would prevent a Government Shutdown this weekend has stalled in the senate. A number of democrats voted against the measure because it does not provide money to fix Drinking Water problems in flint, michigan. Some republicans opposed the bill because of lack of zika funding, and oversight of the internet. Senate leaders said they would exemplmroplore an alternative. And John Williams argues the u. S. Economy can hahnal a rate hike, its hard to justify rates being so low. Williams addressed fears that a hike would cause volatility. He said an easy
Strong, he says september. Is he over 200, it has to be or. I thought he said 185. So as long as you hit that. I believe so. Which is the whole thing is bizarre because the jobs number is readvisable by 100,000 jobs every time anyway. Details, brian. If you get anywhere between a d plus and aminus, im going to. Thanks appreciate that fed. Lets check out overnight this asia. At least in japan looked like the market was up 1 . Markets were mixed in china. Hang sang was down less th than. 20 . In europe in the early trading right now, at least at this point, things are mixed. The cac is the biggest gainer of the major averages. The ftse and dax are slightly lower. In italy stocks are up. Abex up. 80 . Crude oil prices. Crude oil is a little lower. Right now down only by about 14 cents to 46. 21. Among top corporate stories. Deutsche bank had considered a merger with commerzbank in the past. A deal would combine germanys two top lenders. Played down that report saying he doesnt think a mer
Good morning. Welcome to Worldwide Exchange on cnbc. Im wilfred frost alongside Morgan Brennan this morning. Good morning. Good morning. Congratulations on being halfway through a busy newsweek. Were not until were halfway through the show today. Almost there. Almost there. Lots of news to cover. Lots breaking in europe on Deutsche Bank. Headlines on wells fargo. Sara not here this morning. On assignment in chicago. Shell bring you an interview with imf head Christine Lagarde, 11 45 a. M. Eastern time. Sara with Christine Lagarde, talking about the woes in europe with the imf cheap. Lets check in on what markets are doing. A decent risk on rally yesterday, around three quarters of 1 of gains for the main indices. The nasdaq better. Of the s p 500 sectors, most were positive. Tech the best, utilities the worst. It was traditional, the exciting sectors do well, the boring sectors less well. This morning we expect that to continue. The dow higher by 31 points. Lets look at the tenyear tre
If you check out crude oil prices. Crude was all over the place yesterday. It did end the day up. See its up 31 cents right now. Wti at 45. 14. Nasdaq closed at a new high for the year yesterday. Lets get you caught up on some of the other big stories were watching. Notable comments coming from San Francisco fed president. Cue the star warz music. Repeating calls for gradual Interest Rate hikes saying it makes no sense to get back to a pace of steady increases sooner rather than later. The economy is in his words in good shape. Fed policymaker criticizing the Central Banks approach of targeting low inflation saying that method gives the fed too small of a buffer to fend off shocks. It is yap big day. Thoeld holding product event. Expected to unveil latest product lineup at 1 00 p. M. Eastern time. We talked about it. The focus of the event on the new iphone 7. The phone likely to have a faster processer and more pressure sensitive button, higher more pressure sensitive. This is the det
In the meantime lets get you caught up where we stand. Yesterday the markets had a rebound. The dow was up by over to 230. Volatility is back at least for a few days. Dow is down by almost triple digits decline of 96 points below fair value. Nasdaq down by 24 and s p down by over 30. Overnight in asia the nikkei stabilizeed a bit after the big losses it posted the day before catching up with what we had seen on friday. Right now you see nikkei closed up by 56 points. Shanghai composite was flat. In the early trade in the european be markets youll also see that the dax is higher up by by. 4 . Were also watching oil prices today. The International Energy Agency Cutting its forecast for global oil demand, the iea is citie ii wobbling asian demand and its taking prices down. Wti down by 2. 5 . Decline of over 1 to 45. 17. Some other headlines. Goldman sachs now cutting the odds of fed rate hike next week to 25 from 40 porjsly. The firms call came after fed governor brainard caused against