The stock down 20 after withdrawing Sales Guidance and sales in the quarter tank. The sales down now fast and flawed and a big job for the new ceo. All of that and more ahead lets begin with this kind of like bed bath and beyond its been a wild 24 hours for your money moments after getting of on the air the news hit that iran launched missile strikes on two ira Iraqi Military bases housing american troops. Sending s p futures plunging then iran calmed down a bit saying it would stop if the United States didnt launch new attacks. Futures rebounded making up nearly all of the losses the market is open and theyre pretty much flat until shortly after 11 00 a. M. Eastern time that was when President Trump addressed the nation saying iran, quote, appears to be standing down. Just like that, stocks surge the nasdaq closing at alltime highs again. So, guy adami here we are, another potential crisis but more new highs what do you make of it. I tried to make it too complicated. Clearly i missed
Philippines down quite substantially today, around 1. 4 . Not really feeling your sort of risk on mood we had several days ago as well. Not to mention in case you missed it, the tie chin pmi numbers a little soft. I mentioned dollaryen. Dollar, the loonie was actually under a lot of pressure. Dollar, dollar, dollar, canadian dollar. Pressure on friday given the move we have seen here. The aussie dollar dipping below your . 70 level. As promised, very quickly, have a look at brent which is now back above 70. You have gold pushing 1600 an ounce. The entire crude your futures curve, you can look at it almost by the hair from the floor on friday. The longer end, and the reason i am pointing, the longer end of your japanese bond market seeing a substantial lift and the move back into haven place. These. Track all of yvonne our top story, the fallout from the killing of a top Iranian Military commander is widening. Lawmakers have voted in iraq to expel american troops and iran says it will n
Say cuts are needed to pick up momentum. Lets turn the page. Lets look at where currencies are at this point in time. Dollaryen, taking a look at 1. 0939. Taking a look. The shock of flooding. It consolidates in. Pretty much a subdued session. At 1197. R index rishaad lets take a look at india. The session is about 43 minutes away. Futures at the moment down a fraction. Getting you up to speed with what happened. A very topsyturvy day in mumbai. At the end of it, we were pretty much where we started, flat, but we did have some pretty big deltas. Rupee continuing to weaken. Against a little bit of Dollar Strength among some of these emergingmarket currencies. Thething which had gone by wayside a couple of weeks ago when we saw the reserve bank do nothing with interest rates. 50, bute looking at they did not do anything. Some of the verbiage has turned more dovish. As a result, people have been sending yields down. 6. 57 in the 10year note. Lets move things to first word headlines out th
To break up the territories embattled governor. And the Trump Administration announces it will fast track deportations of undocumented migrants. In the coming hours will find out who will become the new Prime Minister of the United Kingdom to reason may be holding last Cabinet Meeting before the conservative partys next leader is announced Boris Johnson or jeremy hunt will be taking over the top job from wednesday live not to Westminster Hall joins us jonah so just tell us how things are going to unfold for the winner today. Later on in the morning the winner of this conservative Party Leadership campaign its been going on for several weeks now will be announced its expected to be Boris Johnson probably quite a handsome majority for him over jeremy hunt the foreign secretary and then of course mr johnson will prepare himself to go to the palace on wednesday to meet the queen and then to start the business of forming a government making it all essentially official because he faces probl
Britains new Prime Minister is expected to be named within the hour to resume a is holding out final Cabinet Meeting at 10 downing street before she resigns then the results of the conservative partys leadership election will be revealed but as johnson is the favorite to beat rival jeremy hunt in the vote by tory party members. All right lets go straight now to lauren slays outside the Queen Elizabeth the 2nd center where the announcement will be made lawrence to take us through the vote thats going to happen today. Oh yes it is a fairly straightforward operational to sleep the last few weeks members of the conservative party 160000 of them there the people choosing the leader of the party to please use my hands assuming that that person has the confidence and can. Deliver a stable government that person will therefore become Prime Minister tomorrow. It is looking very much as if as if hes going to be Boris Johnson is nobody in westminster really who thinks hes going to be anybody else