Joining us for the hour to break down the market action, keith bliss. Good afternoon to you. Thank you very much, wilf really good to be with you snapshot of today, why are we selling off . Number one, you have low volumes coming into july you usually have the spike in june on the weekly volumes were seeing that today. Listen, you got to say the news is really washing over the markets as it relates to boeing. The downgrade we had at apple, people are getting nervous about what fed chairman powell may say and may not do at the end of the month. I think thats why youre seeing a little selloff in combination with that is we did get overbought in the dow a couple weeks ago are traders talking about the fed and whether they may not cut at the end of the month . Youre certainly seeing that in the discussions that you have with traders and investors alike. Youre not seeing it reflected in the fed funds futures yet still an overwhelming majority of people think were going to get a 25basis poin
It is in the athletic, for our reporting has reached an agreement. Tom this is a big deal. How does a franchise pick it up . This is a seismic deal for english football. Explain for our audience in america that doesnt understand. Jonathan accepted a 100 million euro offer. Lets see if he accepts that. He wants to win trophies and it looks like he has to buy munich to do it. I think he is Something Like 51 goals behind a phenomenal goalscorer to become the top scoring stryker of premier League History and he is going to leave potentially before he reaches that. Tom one quick question. Explain Bayern Munich compared to ac milan compared to paris. Jonathan delete. Delete. Elite. Tottenham does not come close to that. Tom i will call you back. Bye. Lisa i am surprised it was not a bigger reaction. Jonathan i thought it would be, too. Lisa you said you are going to break something. I knew that henry kane must have left. Jonathan let me try that again. From new york city, good morning. This
On cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Happy pancake day. Happy pancake day. Fat tuesday. I didnt know it was pancake day. Fat tuesday, that is an unflattering name. Getting rid of all the food. And you eat pancakes. We eat pancakes. They actually made a pancake at the end of street signs. I like them with chocolate chips. You guys just eat food . All food . Our slender floor manager said every tuesday is fat tuesday for me. Either way, we just eat. I want pancakes. We have to check in on the Global Markets. We did notch a 12th record close for the dow. Wilfred is not impressed unless we get a 500 point rally, but either way this is the longest string of gains i am impressed. I am impressed. You said, eh, less than a percent. 0. 04 we gained yesterday. Doesnt take much. I need to offset it is incredible. It is. The dow is up almost 5 for the month. The nasdaq and s p up 4 . That clearly is highlighting that this rally picked up again after decemb
Us in an exclusive interview. Theres talk of a bubble in the retail industry. Now being acknowledged. Biotech boom. Moves from 25 to 30 to 74 . And well see whether there might be still more up side for the companies youre looking at. But we start with the big news out of washington. Youve been watching it on cnbc. Fbi director james comey testifying on capitol hill about the investigations underway of russias influence in the u. S. Elections. Eamon javers has been following along. He has more details on what was said today. Eamon . Reporter bill, thats right. Going into the hearing there was some question about whether fbi director james comey would, in fact, confirm that there is a federal Law Enforcement investigation into russian influence in the 2016 elections. James comey did exactly that today to the surprise of some. Heres what he said. The fbi as part of our Counter Intelligence mission is investigating the russian governments efforts to interfere in the 2016 president ial ele
In europe in this early hour, this has been our focus all week as concerns about the brexit rose. Weve been looking at weakness in european stocks. You can see in early trading that most of these shares are up by 1 . Dax up by 1 . Ftse up close to that. Take a look at crude prices. Crude under pressure once again and again this morning. Wti is below 48 a barrel. Sitting at 47. 95. Brent sitting at 49. 12. Lets get you through the big stories were watching today, it is another day and yet another survey on the brexit survey. Coming from comres showing that the poll remain leads, in favor of the uk staying in the eu which is recovery from 55 reported yesterday. On some of the polls, by the way, the margin of error, on some of these, is looking like 10 . Hard to make a judgment whats going on. On the economic front, prices expected to rise. 3 . The fed announces its decision as we said 2 00 p. M. Eastern time. I laugh, because we know what the decision will be. And we will look for, as jo