Volume figures for the s p 500 75 from the 20 day average. Not much price movement, and not as much participation on the part of investors are traitors. All three are in the green. The dow and the nasdaq are up, 2 10 of 1 each. After the gain that we saw last recalibration of Investor Expectations for a aseral reserve rate hike, well as hearing from some fed speakers. Groups on the move, material solidly in the top spot throughout the session today. You dont see any movement of 1 or more. Utilities and telecoms pulling back the most. Of a changing landscape here as we head into the afternoon. Stocks we have been watching, viacom has been experiencing a lot of drama. Cvs, not moving much, but a developing battle going on. Sumner redstone controls the company. Both of them vying for control at this point. Suing to block that. The Redstone Family is asking for that to be confirmed. It is sort of a backandforth situation that is continuing. Just a note, those shares have performed relative
Highs of the day. Last week, we had that changing perception of the fed perhaps being more aggressive than the market was pricing in. Official from the Philadelphia Fed speaking last night, reiterating that view. He is not a voting member. There is not much that changed today that would cause this breakout that weve seen. What is driving that upsurge . Weve seen banks trading higher in the session. Weve also Seen Technology doing quite well in todays session. If the economy is strengthening, it would be good news for these economic and sensitive groups. Ally sensitive traders overreacted to the downside of microsoft earnings report. Apple continuing its winning string recently. Just wanted to check on the stock, monsanto taking another leg up after it came out with that statement saying they will that saying that the offer was too low. It is notable that the shares are still so far below that offer price because there are some questions about whether it can regulatory league best wheth
In london with tom keene in new york. The pound dropping to a 31 year low and we are back at levels we saw post brexit. Workwe begin the fourday week after your one Day Work Week yesterday. Arkets really moving yesterday the italian banks are front and center, arent they . Francine they are important because there is a feeling among certain investors this could be one thing that breaks the eurozone, not brexit but the fact the italian banks cannot find a solution. Lets get straight to the bloomberg first word news. Nejra in the u. K. The conservative party takes the next step toward electing the next Prime Minister. All 330 Parliament Party members will vote on one of five contenders. Energy minister Andrea Leadsom is in the lead. Grassroots conservatives will pick the leader once the field has been whittled down. Been rocked bys three terrorist attacks in one day. A suicide bomber blew himself up near the prophet mosque. Five security people were killed , and there was another attack
Doesnt have much room to rise. Is the crude rally done . Welcome to the program. Half an hour until the market open. Good morning, caroline. Lets talk about whats going on in terms of the equity market. After the volatility of the last few days, today looks relatively benign. We are looking for a reasonably flat open, a little bit of the softer side. 1 10 ofutures, ftse 100 1 higher, Everything Else looking softer. Caroline yeah, and the ripples of the italian concerns seem to be failing as fast as asia. Msci down, the first time we have seen a drop in that market in the week. We are seeking a move to new havens. The dollar is trading lower, yen trading higher, yields really pushing lower. U. S. Treasuries near a record low, aussie bond yields of 1. 94 , crashing to new alltime lows as the rba holds fire for the Interest Rate changes and italy yields are just pushing up slightly. Clearly, concerns once again about the banking system, the need for recapitalization and merkels decision,
To do. One fourth of that will be spending, but we dont know the timeframe. Jon there might be a consensus among economists, there is no consensus in this market right now. David im looking forward to that. We will speak to a man who knows the fed very well. Alan greenspan will be joining us in an exclusive interview. We begin with breaking news. Ford earnings just crossing the wire. The Company Making . 52 a share. Estimates were for . 60. Revenue,of actual coming in a bit stronger at 36. 9 billion. The company says it is committed profit. 6 pretax it it does warn that could be at risk even if u. S. Sales of its suvs pick up. We always want to look at pickups. They missed on their earnings per share but were up yearoveryear. Beat. And revenue did yearoveryear and quarter on quarter. Stay with us for that. Mark fields will join us shortly. We want to hit on that interview. Jon Credit Suisse earnings coming through, the swiss bank posting a surprise profit last order. The turnaround pla