Have stocks moving on that that will bring you up to date and we aredebating whether big change in Interest Rates is about to affect the stock market weve seen rumblings of and well get to that important story coming up, but we begin with breaking news, a report that canada is increasingly convinced that President Trump will pull out of the north American Free trade agreement. Don chu joins us now with more on how that could affect the market. That tracks some of the Biggest Companies in canada and in mexico. The Biggest Companies in canada. You can see thats pretty good stock down about one and a quarter percent. On the chart just when those headlines came out with regard to whether or not canada thinks that the u. S. Is going to withdraw from nafta. That move there exacerbated by those headlines. Also the ishares mexico capped etf, this is another one that tracks the biggest mexican companies. Same kind of situation that chart on the right hand side, right when the headlines came out
Closed lower for the first time in 2018. Some are attributing the decline to good Old Fashioned profit taking. Others pointed to nervousness that higher inflation could force the fed to be more aggressive when it comes to hiking Interest Rates. The result was a drop in stocks. The dow fell 16 points. The nasdaq was off ten. And the s p was down three. Investors are paying more attention to the bond market these days. Yields have been rising. That could usher in big changes for stocks and the economy. Steve. Reporter Interest Rates are rising, presentin a challenge to Economic Growth and to the stock market. But some look at the recent rise and ask, what took so long . The fed hiked Interest Rates three times last year. Budged. Tenyear bond yield if fell through much of 2017. It comes amid a report that china is rethinking how much it buys. It comes amid better growth, rising expectations, and a coming boost to the deficit bill, the tax cut bill. Yields are low. They should be higher. T
Workers. More than 2 Million People getting bonuses and or higher wages because of the trump tax cuts for business. Numbers this big suggest a quick shot in the arm for Consumer Spending and therefore probably more Economic Growth. When trading begins will move higher again. The dow, s p, nasdaq on the upside. Crypto current season is. South korea is the center of crepe go action of legislators that would then crypto currency trading result. Extreme volatility and others. Bitcoin down 13,000 a. A surprise move nearly 107 elevenths were rated tight immigration offices checking paperwork in the immigration status of 711 employee is. Look, the news is dominated by the spreading bonus trend. A lot of people are getting unexpected windfall. Varney company is about to begin. Lets get right added. Walmart raising the minimum wage for new workers, handing out onetime bonuses. Go through it all. Transfer bonuses of 1000 based on seniority. Walmart would take a 400 million charge in the most rec
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Sara eisen is off today. A quick check in on the futures market they are pointing higher, albeit only slightly by 20 points or so for the dow. The nasdaq and the s p fractionally positive. This comes off a day when we had a trifecta of record closes. The gains were small the dow up 2 , the s p and nasdaq up 0. 1 fair to say markets pausing for breath a bit ahead of that fed decision much more on the markets in a moment first breaking news out of mexico the death toll continues to rise following the 7. 1 earthquake more than 200 people are dead, including 22 children who were killed when an Elementary School collapsed. Mexicos president says more than half of the Nations Capital is without power this comes less than two weeks after a magnitude 8. 1 quake hit the country killing 100 people well follow this story and bring you the latest when we get it the other big story this morning, Hurricane Maria is holding
I like it watch weeks later. Its relevant yeah. The wisdom. Absolutely. Global markets report lets check in on how were coming out of the overnight session. Looking at u. S. Equity futures the dow, s p a bit lower implied for the open same for the nasdaq. Coming off records again yesterday. How about overnight in asia. Well see how they react to the feds tightening yesterday which did not phase markets. The nikkei is up 0. 2 . I believe they had an earthquake in japan overnight as well the shanghai down about a quarter of a percent european equities, seeing how the theyre continuing, green pretty much across the board. France and italy leading the way with a half percent of gains ftse just a bit higher crude is coming off a flinday win streak you know, crude for wti is over 50 a barrel brent over 56 a barrel both down a quarter of a percent. Small declines for nat gas well talk about Hurricane Maria. Just thinking, japan, mexico, maria. Think about the last 30day period i know. Normall