London, this is daybreak europe. Animal spirits seems to be present. That seems to be the story of 2018 so far. Asity markets are doing well we said in our headlines, the dow hitting a new record, many indices hitting a new record. Msci asia picking up where they left off. Data fromd robust various locations, whether its the u. S. , china, or europe. All of that underpinning the strength we are seeing in these risk assets at the moment. We have the Dow Jones Futures in their. In there. Despite the snow perhaps. The jobs data it will be crucial, the two numbers we are watching, not a great start for the year for the dollar. Prices put in the nymex to show they were pretty stable after what we have seen via record run of gains in commodity markets. Around that 62 a barrel. Animal spirit in these markets, certainly a theme. Manus a couple of big things. Rises. Asking for 3 wage , the relationship is broken. Well talk more about that between inflation and the job market, but the animal spi
Shanghai index was off 8 1 2 our time. That is the worst performance since 2007. Chinese regulators investing with the market. Investors losing confidence that china cant maintain its market that of course would set off a Ripple Effect through global economies. We saw action in the price of oil, falling on expectations of weaker demand and oversupply issues. What i found interesting so many house hole names do significant business in china. We saw breakdown of shares in prodly weak market. Apple down 1. 3 . Conference call on latest Earnings Call from apple pointing to a focus on apple, im sorry, china, apple, key markets. Shares of apple down 1. 3 . After the Earnings Call apple shares fell precipitously because of concern about demand for apple products there. Yum brands, Las Vegas Sands and wynn resorts have huge resorts in macau. That is a big trouble spot. Wynn resorts down 3. 2 . Baidu, down 4 1 2 . Baidu reporting earnings after the bell today. They released very troubling Secon
This is 40 minutes. Pres. Trump we just spent quite of time inside with the Senate Majority leader, Mitch Mcconnell, who has been a friend of mine for a long time, long politics. World of early into his world of politics, i think, but weve time. Riends for a long we are probably now despite what think, probably now i at least as far as im concerned, closer than ever before and the relationship is good. Were fighting for the same thing, were fighting for lower taxes, big tax cuts, biggest tax cuts in the history of our ation, were fighting for tax reform as part of that. We are getting close to health care, well come up in the early to midpart of next year, well vote, i think we have the votes, we feel confident we have the votes. We pretty much know what the is. I believe republicans and democrats are as we speak, orking together very hard, right now, working together to to an intermediate plan, plan because obamacare is a disaster, the rates have gone up, premiums up, the deductibles
Ahead of most of the earnings. Generally seen declines across the board in a pretty broadbased decline as well. The dow has been a performer recently, but its facing declines and other major averages today. As a result, if you take a look at the bloomberg, were looking for the worst single day for the dow in about seven weeks. The realm of same for the s p and especially the monastic as well. At least at the lives of the session for today. Just a. 5 decline, its been a while since weve seen a drop like this. If you look at the worst percentage decline in the dow, only one of them has directly to do with earnings. And that is boeing. The company delivered a Record Number of planes and earningspershare beat estimates, however, one of the things that holding it back is the fact that its that is been developing for the u. S. Air force has been delayed already is delayed again and cost rose 329 million, and sales also fell in boeings commercial division in boeing as of about 65 year to date
Tennessee valley looking nice. We have a small coastal system coming up the coast monday and tuesday, that will bring a round of wet weather for the parts of the area. Eagles game taking on the falcons lots of sunshine and seasonable temperatures diminishing winds out of the west southwest at 5 to 10 Miles Per Hour. Kickoff temperature 58, in the 4th quarter 59 degrees. Were tracking rain and more sunshine once the storm departs. Its turning warmer by weeks end. Ill have the details in the exclusive accuweather sevenday forecast coming up. Nydia. This morning, 8 people are out of their homes after fire ripped through two houses in wilmington. Firefighters were called to the franklin street at 5 00 a. M. When they arrived they found flames shooting from two units. There were no injuries, fire officials are trying to determine what sparked the blaze. 9 01 00 a. M. Two women are fighting to stay alive after being hit in center city at 11th and market. The victims age, 22 and 27 were rushe