Of a percentage point. The hang seng was up by 0. 4 shanghai composite was up 0. 4 in europe in some early trading that were seeing, we are looking at a mixed picture slight declines in germany and in france. The ftse is up by a quarter percentage point gains in italy and in spain as well finally crude oil prices, which were up by 50 cents yesterday, they have given back some of those gains. We are talk about crude oil below 58 a barrel a couple stories were watching, bombardier said it is confident u. S. International trade commission will reach the right conclusion in its dispute with boeing. The Commerce Department announced yesterday it will impose duties of 300 on the companys cseries jets after boeing had been complaining they had been unfairly subsidized by the canadian government. The penalty will only take effect if the itc rules in boeings favor bombardier said it is common practice for a plane manufacturer to offer discounts to launch customers. Bombardiers ceo will join us
One of the big ripple effects is utilities. Take a look at this chart behind me were seeing the death cross thats what some technicians call it when the shorter term 50day moving average of a stock or etf falls below longer term trend, the 200day average were seeing it with the excel, the spdr sector utility, xlu this does not portend bad things but something to Pay Attention to its not the only that were keeping an eye on. Were seeing some action play out in some parts of the market. Namely in the real estate stocks the vanguard reit index is sinking down to multiyear lows. As we take a look at whats happening with this, its already in correction territory, off about 10 plus the highs we saw a couple years ago well take a look at another part thats perhaps a brighter spot while all these guys are making these multiyear lows, one thats not is the consumer staple sector. This is actually just a stones throw away from alltime highs would you believe it or not, more than half of the index
United states. This time from the west. Its a turn about for the war against the zeka virus in miami beach the big story on action news is that hot weather making a come back. It may be september on the calendar but its going to feel more like june. Sky 6 looking live at the city hall skyline. Lots of sunshine, lets go outside to meteorologist david murphy. Its a hot one. Tomorrow will be worse. Right on q, the National Weather service has just minutes ago released a heat advisory that kicks in tomorrow at noon. Extends until 6 00 thursday. During the height of the afternoon heating and urban centers in particular and all the central counties. The heat index values could go as high as 102 and theyre making its points that now that school is in, there may be some air conditioned classroom where the heat could build high enough where it adversely effects teachers and students. Same for anybody working in an office doesnt have air conditioning. Satellite radar shows whats left of hermine.
The week. Joe as we were talking about earlier, it felt like a summer friday, even though it is not summer yet. Not a lot of volatility. Alix one stock that didnt feel like a summer friday was apple. The decline actually taking off dow. Ints off the apple was responsible for half of the decline the Dow Jones Industrial average saw today. We saw a report from japan that apple is going to have production costs of its iphones and sluggish sales. The stock could recover for most of the day. Banks were a very difference story. This is a five day intraday chart. You can see that huge jump up there when earning started to come out and banks really able to hold onto that rally. However that rally builds on cost cuts. How much more just how much more juice can they get out of joe we saw a drifted lower on the twoyear and 10 year. 1. 75 on the 10 year. To be expected on a quiet trend. Scarlet the big mover got crushed, the most among the major currencies. Its as after the central bank stepped up