Good to see you. Good to see you, too. Sitting in for wilford frost. Good morning for all of us, im back from a week off. Good to get back into the swing of things. Lets look at markets. Im trying to get into the swing of this week. Lets check on futures board after the stock pulled back, saw it last week amid light trade rate speculation. Lets check out futures telling us a little bit higher, above fair value for this point, s p, dow jones and nasdaq on eightweek winning streak. Meantime 10year note and how yields faring ahead of jackson hole given that the fed looks very clear to the markets tenyear on the table. Yielding 159 basis points. Lets talk about european equities because we are maybe taking cues from whats happening across the pond. If you look at stocks in europe we are seeing decent gains across the board. German dax up. 8 of 1 , cac up twothirds. Ftse flat. Up over a percent, ibecks in spain up by 2 3 of 1 . Float what happened in overnight session in asia. Looking there
Im sara eisen. Im wilbur frost. Were paying homage to beyonce. She officially has the most vmas beating out the other songs. Lets check in on the gloeblg markets this morning. Coming off of the down week for u. S. Stocks. All three averages closing lower. Bulls rattled on friday by talk of Interest Rate hikes out of jackson hole. From janet yellen and Stanley Fischer. Futures under a bit of pressure. Not doing a lot this morning. Down 1. S p up. 01. Nasdaq futures down 1. Friday was a big day. We did break out of some of the ranges. That includes the tenyear treasury note. Yields shot up on friday over the 1. 60 level. Multiweek highs there. After that yield for the twoyear yield which is closely tied to a fedex increase. She said the case is strengthening for a rate hike. Fischer clarified in remarks that means september is on the table. Twoyear rate hikes is on showing a slight hawkish overall tone from janet yellen. Lets look at european trade. London is closed. Its the august bank
Ground. Wti still above 48 trading at 48. 43. Other top stories were watching, currency markets. Sterling dropping to the weakest level against the dollar since june of 1985. Now the plunge in the currency after uk Prime Minister theresa may said shes going to trigger the start of brexit by the end of march. Also a little bit of corporate news. Shares of Deutsche Bank rising in german trading. Remember markets in germany were closed for a Public Holiday yesterday. Big question, of course, will a Justice Department settlement be favorable to the bank or not . Deutsche bank getting a strong vote confidence from a big name and competitor on wall street. Heres jpmorgans ceo and chairman jamie dimon that believes the german lender will be just fine. Theres no reason that Deutsche Bank shouldnt get over its problems. They have plenty of capital and play liquidity. We want these banks to get through. Its better for everybody that we move on and help do our jobs. More on Deutsche Bank coming u
A lot of Corporate News this morning. First, lets get a check of the bigger market picture. U. S. Equities closed out of correction territory yesterday. A good rally weve seen over the last ten days or two weeks. Sparked, perhaps, some say, when jamie dimon stepped in and bought some shares. The dow called to open down by about 110 points. The nasdaq by 34. Lets have a look at european trade, where we are seeing some red there as well across the board. The ftse 100 is in the red today. Its down 0. 7 , led lower by Standard Chartered, which reported a fullyear loss for the First Time Since 1989. Asia also showing some red today. Nothing too pronounced. 0. 8 declined for shanghai. There are still concerns lingering about china, about the state of global growth, about the state of earnings, which hasnt been all too bright. Well see what the guidance looks like on the consumer names. In other words, the fundamental problems that have been with us since the beginning of year are not complet
Good morning, and welcome to world wor Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost. Lets have a look at u. S. Equity futures. Weve seen some rebounds across the board. Today, though, a little bit of red. In fact, quite a marked amount of red as we look at things. The dow expected to open down by 123 points. The s p by 16. The nasdaq by the 43. A quick look also at the tenyear yield. Its been a great gauge of risk sentiment. Were looking at 1. 84 this morning. That yield has been ticking up the last week or two, showing that risk sentiment has been improving. Just holding those levels this morning. While you were sleeping, a lot of Economic Data coming out of asia overnight. Heres a quick summary for you. A revision to japans Fourth Quarter gdp showing the economy there contracted little less than first thought. The economy in japan shrinking at an annualized 1. 1 rate. That was up from a preliminary read of 1. 4 contraction. In a separate report, japans Consumer Con