Im sara eisen along with Michael Santoli who is generously sitting in with wilfred frost who is also with us this morning, reporting live from london. Covering this weekends terror attack. Well have more from him in just a moment. First, lets check in on the Global Markets this morning. After u. S. Stocks made another move yesterday. They got a 1 gain or so for the week on stp. 1. 5 0 for the nasdaq. We start in the red just barrel. Dow futures down 6, nasdaq down 2. 5. S p futures down 1. 5 points. I want to show you crude oil prices which are rising still higher after saudi arabia, bahrain and the United Arab Emirates along with yemen all cut ties with qatar. Those countries are accusing qatar of meddling in their internal affairs and backing terrorism, increasing concerns about supply disruptions. Were now seeing 0. 8 move higher on wti surpassing 48 a barrel. The stock index dropping sharply, 7. 5 . Well take you to dubai for an explanation and more on the Market Reaction in just a
Terror attacks down by just 0. 25 . Breaking overnight, saudi arabia, the United Arab Emirates, egypt and bahrain severed ties with qatar. Now, theyre accusing the country of supporting terrorism. The gulf states said qatar support of the Muslim Brotherhood threatens National Security because the foreign minister has said the measures are uninjured based on claims that he says have no basis in fact. Takes a quick look at crude prices. Wti at 47. 84. We will get a live report from dubai in just a couple minutes. In london, as you know, on saturday, seven people were killed dozens were injured when three men drove a van into pedestrians on in this case, it was the London Bridge then attacked people with knifes in a busy neighborhood. Its the third terror attack in the uk this year, comes days after manchester and just ahead of thursdays parliamentary election. Lets get to wilfred frost in london good morning, will. Reporter good morning, joe. Seven people dead, as attackers crossed Londo
Of average. Take a look at what this is doing to the markets at this point. Well, you know, weve we came back yesterday. You can see we are looking for a slightly lower open as of now. European markets already in session. And on the closing end of their day you can see kind of a mixed session over there. This is where we may see the most move is in the tenyear note yield. You might expect of course the expectation the feds going to move now in june has fallen dramatically. Will it even be july. There it is, the yield now 1. 72 . Weve been sitting of course a good 10plus basis points higher than that until this number came out. Weighing on the may payrolls of course were job losses in construction, mining and manufacturing. Even without that verizon strike, payrolls would have only increased by 72,000. You may recall verizon had 34,000 employees on strike. The Unemployment Rate though fell to 4. 7 . Now, that is due in part to people dropping out of the labor force. Average Hourly Earni
It is officially official, as you said, donald trump after a day of leaks yesterday now tweeting out the news that he has picked indiana governor mike pence as his running mate and potential Vice President of the United States of america if trump should win. Heres the tweet just a little while ago donald trump put out. I am pleased to announce that i have chosen governor mike pence as my Vice President ial running mate. News Conference Tomorrow at 11 00 a. M. That News Conference was initially scheduled for today. The trump folks have postponed it in the wake of the terrorist attack in france. But meanwhile, maybe not such good news on the polling front for the trump candidacy. Look at these battleground polls now in key states. Clinton versus trump headtohead matchups in colorado, 43 clinton, 35 trump. In florida, 44 clinton, 37 trump. North carolina, 44 again for clinton, 38 for trump. And in virginia, a state that once was reliablely republican, thats 44 clinton, trump 35 there. So,
The markets. Jp morgan did not use brexit ate my homework as an excuse to imply lower numbers. Jp a lot of people were nervous, they did not take that bite. A great relief. Financials up right across the board. Earnings trends, only a few of them have been beat. And i want to show you whats going on here. Since these companies started reporting, this has been their stock prices. Alcoa, delta, jp morgan, every single one of them. Lets take a look at the banks. It is very traditional for banks to go up a little bit. Thats jp morgan and sell off after it. And banks are leading, up about 5 . So far just this week. The head of the Worlds Largest asset manager getting a little worried. Heres larry fink on squawk box. Here we are. Were seeing investors worldwide pausing. We have seen quite a large sum of money being pulled out of equities over the last year. And yet were at record highs. This rally in my mind is not i dont think we have enough levels to justify at this moment. Reaction now. G