Well tell you what it is and it could impact the space. New details emerging about that fatal tesla auto pilot crash. Well talk about what the driver was doing at the time of the crash and whether this is an issue for tesla or the selfdriving car industry as a whole. Plus, the new report says while instagrams users numbers are strong, the people sharing is declining. What it means for owner facebooks growth prospects. Well talk about that just ahead. Lets start with the s p trying to lock in as bill said the best week since 2014. A strong rally adespite rates lower across the globe. Sara eisen sat down with fed chair Stanley Fischer and asked him what could be done other than negative rates. I dont think its worth speculating on whether well be driven to any of that. I hope it goes the other way. I hope that we strengthen and that the economy strengthens and that we continue along the slow, very gradual, path we have been on and that the rest of the world is recovering in such a way th
Reporter thanks very much. We are seeing a brexit relief rally today. Sterling up over 2 . European equities closed up over 3 . There were four separate polls out over the weekend. The result that the ft poll of polls saw a fivepoint lead for leave eradicated. It now stands at 44 points for both remain and leave. It also results in the betting markets seeing odds change such that the implied probability of a remain is close to 80 now. So stark of a move over the weekend, its somewhat surprising. I caught up with tony blairs former communications strategist, a very well respected political consultant in the uk, alistair campbell, and asked whether the moves over the weekend were exaggerated. I do think its exaggerated. I do. I think there are millions of people still making up their minds. People say the bookies always get it right. They dont. They got the last election wrong. Reporter that is an important point to note about betting markets. The bookies got it significantly wrong last
Asman, i missed you. This is after the bell. We have you covered on big moves in the markets. Here is what else we have for you this hour. Republican convention on the way, an event billed as a convention unlike any other in history. The gop is looking to bring together a divided party to take back the white house in november. This as were getting news there is still a fight for ted cruzs name to be placed in nomination to go up against donald trump. Protests for and against trump are growing outside the Convention Center. Were following it for you live with reaction from cleveland. David lets get back to the market consist. Dow ending day with fifth Straight Record close. Dupont, home depot, apple, goldman sachs. Phil flynn, Price Futures Group and fox business contributor watching action in oil and gold from the cme and lori rothman from the floor of the new york stock exchange. Lori, the nasdaq getting a big boost today. Nasdaq was star of the show. Japans softbank bought arm holdin
Accounts scandal. It is outrageous that eight years a cowboy culture on wall street wrecked our economy we are still seeing powerful bankers playing fast and loose with the law. We will have more on clintons speech coming up and then after the bell a first on cnbc interview with illinois treasurer who announced his state isstanding 30 billion of investment activity with wells for at least a year. On top of what california did last week. Some on wall street have said that republican nominee donald trump would not be good for the market. We have one wall street economist who says trump is right on target when it comes to who is responsible for potential market bubble. Look out ebay because facebook is unveil agnew feature called market place which could spell trouble for other Ecommerce Companies like craigslist. Stock market looking like it is moving from defense to offense. Who better to do that than the baseball official himself. In that analogy i think the offense the sections have b
The push upward is materials, energy, financial. Techolar downward has been and discretionary. The stocks working are those within that energy and materials group. What does this have to do with the dollar on the climb . The lowest in about nine months. When you glance here, the only one down is sugar. Highering else trading as we see that continued dip in the dollar. Betty surprisingly, it has been on tech. Julie that is that drag we have seen. Ibm coming out with a missed estimates. Those shares have been down and some of the other large cap tech share. Act has been the balancing throughout the session. Mark Hillary Clinton has lost seven of the last eight primary or caucus is to senator bernie sanders. Now the democratic president ial frontrunner is hoping to regain the upper hand. This is clinton is favored in the new york primary. Is counting on his home state to provide a big boost to the republican president ial nomination. Surveys show Esther Trumbo with johnbledigit lead over