Looking at the biggest weekly loss since late june the s p both with interday trading. The nasdaq is on track the fourth week in a row on higher prices dow futures indicated down at this poirchlnt looking at yields for the 10year. New this morning, china and the u. S. Have agreed to review the progress of the phase one part of the trade deal well do that in the coming days talks are scheduled from last saturday the review comes as u. S. china ties have deteriorated just summarizing you know that. Thats one of the reasons why. We knew that yes we have seen a series of things that show the relationship has deteriorated if you were to try to put the different segments of the rift, you are up at almost double digits how many Different Things have become bones of contention and the second largest, largest some days economy in the world. A global nightmare we need them, they need us on a certain way it is official taking advantage on what the administration would argue from the markets persp
Earlier today, less than five points from the s p 500 taking on a new high. Not quite making a mark at the close. It is worth noting, the brutal shownbeneath the s p 500. Y that 200 Day Moving Average if the s p 500 cap climbed higher, we could see more choppy now,ng, but 20 up right on pays for the best year since 2013. For me, it is about the bond market. The 10 year and thirtyyear year yields rising five basis points, meaning that twos and yield curve is steeping, a five or six level. Today we are getting that classic risk on fuel with yields rising, steepening that curve. The trend has been different if we look at a weekly view. Come into my terminal here on tlt, longduration third this on news the Largest Bond Fund flows, the highest level going back to since april, so tot now has a record amount of shares outstanding, highlighting in the past week or so, huge demand for highgrade bonds. It feels like people have been predicting the next recession basically since the last recessio
In europe, the dax up 1. 5 the cac up 1. 4 . Ibex up by more than 1 . Looking at the treasury yields the tenyear yield cracking 1. 7. Went out on the day at about 1. 71 the tenyear yield now at 1. 675 tom and i were chatting about a blog post from pimco saying u. S. Nominal yields could go negative dont blame the Central Banks, there are also Secular Forces at play that could bring down u. S. Rates. I think thats what happened overnight. It caught a bid because of that blog post. Thats a big story with pimco, the Largest Bond Fund manager in the world saying rates could go negative, rates could go negative. 1. 67 on the tenyear yield. Disney shares are under pressure this morning. The company reporting earnings of 1. 35 a share, missing analyst estimates by 40 cents. Revenue coming in short of forecast disney blaming costs related to the creation of its new streaming service, which we knew would cost something and the integration of foxs entertainment assets which it bought for 71 bill
Everybody, im kelly evans right here im here at the Stock Exchange weather central or something im Bill Griffith, energy still this is kind of a catchy tune, isnt it . Energy weighing on the market yet again today. Oil to a ten month low, you is that true earlier, health care has been a big winner today with a number of biotech stocks pushing that index higher. Were going to have more on whats behind the moves coming up here. Take a look at footlocker today. It could become the latest amazon victim. Nike is getting closer to selling on amazon. Another retailer should be worried with foot locker down 5 which one is it . Youve heard this story, this is unbelievable George Clooney selling his tequila business for 1 billion. Jeff cohen sitting here next to me he cant believe this. We have a special report on why tequila sales are so hot right now. Its only 700 million up front. Oh, well, okay. The 300 thatll come down the road if they sit certain targets. This reminds me, griffin was known
Volatile trade in the after hour sessions so far. Well bring you the head loins as they break. Well be checking in throughout the hour with bgcs colin gillis manning the red phone and meantime, guy, what do you make of the quarter . I think given where the price of the stock is, lets just call it 100. I think its something for everybody. Bears will point to the iphone shipments being somewhat disappointing. Bulls will point to increasing margin improvement and bears will point to the tax rate being a help to eps. Bulls report maybe will report to the fact that revenues were not as bad as some of the nay sayers on the street were going to say given what we heard from the supply side. Right here where its trading 99 is a coin flip. Given the choice between the two i think you buy it here. The Conference Call will really be key in terms of breaking the tie between the bulls and bears. What would be your number one question for tim cook . I guess it would be Forward Guidance which wasnt fa