Firing four missiles at but all. Do you have at bu guam. Do you have any information on that. Reporter the south korean report indicates north korea military is considering striking around guam with four interest media range missiles. They shall intermediate range. Of course we await response from the u. S. Administration on this. On a day when the rhetoric was being ramped down, the president did tweet about the u. S. Nuclear stars mall being modernized since he took office and the fact that the United States is and will remain the strongest nation on the planet. The Administration Says it speaks in one voice after reports that the president spoke off the cuff. But she also said other countries are backing up the United States. One of the ways they are acting is derek out their diplomats. That will remove some of the funding north korea gets and they funnel into their Nuclear Weapons program. By starving them of that money, if you will, that puts pressure on north korea and we have ha
If not in the immediate wake of the fed minutes coming out. The nasdaq and the dow all higher. The nasdaq is the winner of the day on Strong Technology numbers from Applied Materials and a general lift and technology. If you look at the week now for the s p 500, it is posting a gain of nearly half of 1 even though there was that rocking this in the wake of those fed minutes coming out. Week,still again for the snapping a threeweek losing streak for that index. In todays session, tech is the best performing sector here. Information technology up nearly 1. 5 . Financials also doing well as well as health care. Consumer staples not faring quite as well. , watchingage terms some of the best performance on the s p 500 today, i mentioned makerd materials, the of chipmaking equipment, with a forecast ahead of estimates as orders search. Endo Health Solutions apparently the federal trade commission is granting some kind of antitrust approval for an action, but its not clear exactly what its fo
With rising wages, right here in the United States. For my first day in office until my last, as you surely in places that for too long have been left out and left behind, from my desk from the inner cities to the small towns, from Indian Country to coal country. Bym communities ravaged addiction, two regions hollowed regions to hollowed out by i believe our economy is not working the way that it should because our democracy is not working the way that it should. That is why we need to a point so pray in Court Justices who will get money out of politics and expand voting rights, not restrict them. Necessary, we will pass a constitutional amendment to. Erturn Citizens United american corporations that have gotten so much from our country, should be just as patriotic in return. Many of them are. Too many of them are not. It is wrong to take tax breaks with one hand and give out pink slips with the other. Street canve wall never, ever be allowed to wreck main street again. And, i believe
Tonight everybody just have a good time very good morning and warm welcome to Worldwide Exchange on cnbc im wilfred frost alongside seema mody. Also joining us for the next hour, ron. Great to be with you all. Lets get you up to speed on the markets movements. Yesterday we were higher but only slightly by a quarter or half a percent for the nasdaq. Were just losing about that amount this morning. The dow called lower by 72. The nasdaq by 30. The s p by 11. Although we are down at the moment we are still up for the week. Sorry slightly down yesterday. Got it wrong. Slightly down yesterday but all three are still up for the week as a whole. Lets have a look at the bond market. As well the 10 year treasury note has seen significant yield compression in the last week or so. We are near the lows as you can see from the chart. 1. 67. One of the key drivers though is bonds elsewhere. And well get to that. Currencies and commodities are a big overall Market Drivers right now. Take a look at th
Worldwide exchange. Im sara ieisen. Im wilfred frost. Good morning from me as well. Looks week were building gains globally. Dow futures up a nice 83 points in hour. Nasdaq futures up 26. The buying continues despite the wall of worry. First the chinese currency, then plunging oil prices, then the brexit, and yet stocks making new highs. As for the 10year treasury note yield has been the trade for the last few sessions. That continues and pushing up the 10year treasury note yield into the 140s. Where were was last week, 132 a record low. So youre seeing that reverse just a bit. Still historically low yield. Overall, weve seen buy pg of both assets. That does suggest although weve hit record highs on the s p 500 its not out of conviction and confidence moving forward because were seeing buying of bonds as well. Or it could be that yields have gotten so low in the u. S. And around the world that theres nowhere else to go. You have to go to the s p 500 which many stocks are still yielding