Hour, ill speak with President Trump ex chees exclusively abou, huawei, the g 20 and Robert Mueller testifying. Thats all coming up, President Trump, live, 8 00 a. M. Eastern, join us. Markets this morning are higher, take a look at futures indicating a higher opening for the broader averages on renewed hope of a u. S. China trade deal. Dow futures right now up 114 points, the s p futures up 14, and the nasdaq futures higher by 58 points, three quarters of 1 . This after yesterdays selloff in stocks, the worst day for the month. Take a look at yesterdays damage, dow industrials down 180 points, twothirds of 1 . S p was down 27 points and the nasdaq was lower by 121, one andahalf percent. Losses accelerated throughout the day after comments from fed chair jay powell who said the fed will take a wait and see approach to lowering Interest Rates. In europe this morning, markets are higher, fq100 up 10 points, taking a cue if wall street, cac up 12 and dax higher by 74. Markets were mixed o
Founder, joining us live. Having a look at european Equities Trading right now, we are 30 minutes away from the friday session. Look at that, look at the stocks rising. Down for the week, all these equity bosses, are up today. Currencies are lower, bond yields gaining, commodities and cbss arid final two columns. 30 weeks ago yesterday was black monday. The day after was a record decline. Yes on black monday, the ftse fell. A record 12. 2 , the two day drop equated to 138 billion. The cap at the end of the day was 497 billion. Today it is 2. 0 8 trillion pounds. If i said dollars a few seconds ago. Ftse act then in 1987, the has jumped. The dax in comparison up by 900 . What a rise for the stoxx 600, 377 . This is the function, probability, listen to the probability of a rate hike in november. Were 77 percent, a month ago 65. 5 , two months ago, the probability was 4. 7 . The does Deputy Governor says i slowing he is clear gradual process of raising rates would be warranted if the bank
By a fraction of a percent crude oil, this is the one weve been watching very, very closely. We have wti down by 1. 6 brent it down by 1. 5 . This is quite a rebound from the lows back in june. We are up by 12 from june 21st lows so staggering move in just a short amount of time weird. Weird to see the dow so strong and the nasdaq so weak thats been happening more the nasdaq had been stronger on a relative basis then the rotation happened. I dont know what it means. Maybe its healthy this is scary and not healthy. Maybe the meeting is good, but the reason for it frightening. The u. S. Requesting an emergency u. N. Security Council Meeting today after north korea tested an Intercontinental Ballistic Missile. The missile could put all of alaska, so mainland i dont know if you call that mainland, but pretty close late yesterday the u. S. Military said u. S. And south korean troops fired missiles into the waters off south korea in a show of force back that way apparently it can reenter the
Points today. Its seventh consecutive decline. S p sank. 6 . Strong dollar and Lower Oil Prices are once again wreaking havoc on the stock market. Just like it did earlier this year. Until we got that nice respite in july, a respite that sadly now seems over. So how the heck did we end up back in this ugly situation . What are we supposed to do about it . Why dont we start with the key culprit . Oil. Oil declined 20 from its recent highs which qualifies as a bear market. Whatever thats worth. Its remarkable how little investors seem to care as oil plunged from 50 down to 40. The whole market moved higher. Often led by none other than the oil themselves. This paradoxical action culminated in oil crashing down to 41 last friday. The same time many oils as well as the broader s p 500 moved higher. But as of this week, that decoupling, it no longer seems to be the case and as oil blew through today, most of the market rolled over including glaringly many industrials, technology and consume
It is an exclusive you wont see anywhere but on cnbc. As you were saying a positive month but ending with losses with the dow and s p 500 down for the third time in four days now. The nasdaq down for a fourth straight session. It is currently off by over 1 . The major averages up however, for the month of april. Having their biggest drops today, though since april 17th which is approximately two weeks ago. Check out oil, though having its best monthly gain in six years. Crude is up more than 24 over that period. Bertha coombs is at the nasdaq jackie deangeles at s p. Bob, is there something more to this . I think the problem is we have continuing concerns about the inability to get earnings up significantly. Were flat but not moving up very much. I think we would have ended april last week because youre right, we havent had any energy at all this week. Look at the s p 500. Were to the downside and moving sideways and were at the lows for the week. Really were having a lousy week overal