That. Another look at the futures, you heard becky talk about them. Were looking up this morning. Of course, european markets you ask, well, we answer. With a generally positive in fact entirely positive, thanks for italy and spain, guys. Appreciate that as always. Ten year note yield hanging in around the 2, 2. 22 a lot of twos this morning. You see crude oilwell below the 50 a barrel. There are reports that the president will pull out of the paris climate agreement. What it means for business and geopolitics. And trying to clear up what America First means saying were asking at will of our partners. Well take a look at the message from the administration. And its the last trading day of may. Should investors expect a june swoon . June has been a rocky month for the markets. Well break down the winners and losers. First though, President Trump apparently planning to pull the United States out of the paris climate agreement. This is according to a number of reports this morning. Puttin
Right now. Good morning. Welcome to Worldwide Exchange. Im sara eisen with dom chu in for wilfred frost today. Good morning. Good morning. Busy already. Already, yes. Monitoring the wires from the uk. Well get you there in a moment. A check on Global Markets after another selloff for wall street. Not so sharp. Not as sharp as session lows. Those stocks look set to bounce back. Dow futures higher by about 16 points. S p is up 2. Nasdaq futures up less than 5 points. The tenyear treasury note yield, saw that yield decline by 7 basis points or so. Bouncing become a bit this morning. 2. 41 is the yield on the tenyear. First we wanted to get you that breaking news out of europe. The Supreme Court in the uk ruling against the government in a key brexit decision. The vote means that Prime Minister may must get parliaments approval in order to trigger brexit. As for the reaction in the british pound against the dollar. Lets show you whats happening you now. It was lower before. Its lower still
The odds of a fed rake hike hovering around 90 . Is this the calm before the storm . Is the company the juggernaut that its evaluation suggestses that it is. Manus were less than half an hour to the european open. Check out the major stock equity indexes. Here you see down across the board like yesterdays trade, the cac was gaining slightly. The ftse was up just lightly yesterday and had a pretty good week looking like a 4. 5 gain for the italian index on the back of some recovery in the bank stocks. Take a look and bunds here. E are down but after yields. After the yield rallied up to 0. 32 yesterday so down to 0. 3. That is a level in the yield that came through yesterday morning and were back down to it now. There was some selling yesterday. A little bit of buying it looks like today. Over all were remaining in this range now, guy. Guy matt, lets walk around the g. M. , m. And talk about whats happening there. Asia. Aussie, singapore, the s p town. 6 . Lets back that off and talk a
Fargos ceos compensation went up despite the sales scandal that shook the bank. We have more details on that controversial story coming up. But we start with the budget blueprint the white house ingave this morning. You can see the percentages there. Hes calling for cuts, meantime, at the Environmental Protection agency and the departments of state, labor, agriculture and commerce all in the range of 16 to 31 . We have full Team Coverage on which stocks stand to gain and lose the most from these proposed changes. Kayla tausche taking a look at infrastructure. Meg tirrell looking at pharma and health care. We got some glimmers of what the white house wants to do with infrastructure. Its proposing to end several projects. The governments proposing steep cuts to infrastructure heavy agencies and their programs at agricultu agriculture, cutting rural water program. And a billion dollar budget cut at the defense departments corps of engineers which maintains inland water ways like dams and
Morning. It is the kind of flashback wall street does not want to see. A lower finish by the s p today would mark its first ninesession losing streak since december of 1980. Were coming off eight straight negative days for the First Time Since 2008. And then that jobs number of course showing lower than expected payrolls. But, jim, the wages suggest that unless more people come back into this labor force, its getting tight. Less slack. Thats certainly a way to look at it. I think that the fed has plenty of ammo here. They can say, listen, weve got job growth. Weve got people make a little extra money. I know theres another whole scheme of thought which is hold on let it run. But in an environment where they think these are emergency rates, these are not emergency job numbers. These are job numbers that you get when things are fine. Now, i know that theres an undercurrent in the election which says that one party is saying, listen, not only things not fine but millions of people are los