Note from Goldman Sachs. Jpmorgan and blackrock saying they see slow market getting into equities. They see that continuing short term. Gold, gas, little change at the moment. Not the most eventful of days, but we will take it. Angie we will take it. We have to take it from the ims, saying the u. K. s decision to leave the European Union is likely to drag down growth not just in britain but around the world. It also cut its forecast for japan and was rather pessimistic on its inflation goals. The imf said it would be challenging for japan to maintain that. It would be agreed upon by japanese economists. It did forecast japan growth to 0. 3 . Yen would not really need an intervention. It would not help to boost the economy that way. It was neither you necessary nor useful. They did say japan should use abenomicsarrows of with particular attention to fiscal policy. It also pointed to wages. Attention to the wage setting process. Japan already has a pretty tight labor market. Even so, wag
The survivors are seeing less than the 20 day moving average. This is where we stand. The dow is down by a hair. Of course, we are seeing some impact from gdp data from the Second Quarter coming in less than expected. A bit more pressure on the fed. S p stillsaid, the managed to hit an intraday record high, 27 point 09. In the past month, we are up 5 on the month. We are off by a couple of points with a few hours left in the trading session. This is five months in a row for the s p. Gold is also that, rising, up 1. 5 . In terms of looking at what is happening with the gold miners, those are rising. Gold futures are up 1. 3 . Look at this, there and gold, all of them up percent. New point my main new point mining up as well. Despite this slight positive in the gold it is still pushing to highs. David what about stocks that are up on Something Else . Ramy nonearning. There are stocks moving because of other things in the news. First off, hewlettpackard, and they are seeing a bump of 5 .
Line making its debut on the New York Stock Exchange opening at 32 a share. Trading around 42. 72. This is what the chief global officer had to tell us on the last hour of squawk on the street. Its a kind of trend and evolution. So we start but theres service and game service, they want it so theres two occasions theyre searching. So if the users can be very rare and nonstop service i think we can satisfy users. When they did it markets were at new highs and pokemon go was a global phenomenon. They priced it low. That was a big advantage here. User growth was stagnated. Revenue growth is still good. Its game dependent. This reminds me of when twitter went public. And these companies were going public when they already grasped most of the market opportunity. They can move wrond japan or new products. So you think they waited too long. Whether or not it was their fault. Theyre in great shape. Im talking about the investor side. You have to say how are they going to drive the next wave of
This is important because we have seen mario draghi try to sell everything, and so far a lot of people are saying it hasnt walked. Tom and that inflation data is important, linking to centralbank action. That china story happening as we speak, across the terminal. Its extraordinary; this headline, risk to china, credit worthiness increasing. Francine yeah. Eye one to keep an i on th the rating agencies. Economists have been flagging concerns. Lets get to the bloomberg first word news. Vonnie thanks. Just breaking, trouble for south africas embattled leader, jacob zuma. The nations highest court says he violated the constitution by refusing to repay taxpayer money which he used upgrading his private home. His Political Party is investigating whether he breached ethics laws. The Nuclear Security summit is getting underway in washington as north korea will be highly agenda. President obama will discuss north koreas recent nuclear tests. Whether is considering to deploy a Missile Defense s
Official anymore . Scarlett i dont know. Wednesday is official because j. P. Morgan is reporting. Julie whether you are talking about alcoa or the banks, there is not a lot of optimism when it turns to earning broadly with energy or financials. We have seen a pairing of gains today as we have gotten deeply into the session. The s p 500, if you look at the intraday move we have seen, it has been moving from steadily lower, a leg up in the past few , downs, but none the less sharply from the highs of the session. Lets take a look at the s p 500 profit estimates and the change we have seen in estimates. This is the change that we get quarterly. We are talking about a 10 percentage point swing in these estimates overall. The estimate is for earnings to fall 10 in the quarter that we are about to learn about. Definitely a lot of pessimism going into the season. The caveat we always talk about his companies tend to be by a high rate. As always, it will hinge on not just the reportings but wh