America are piling on mountains of debt. What happens when its time for companies to pay the piper well get some answers on this tuesday, june 11th as Worldwide Exchange begins right now im back hi, from wherever youre watching im Brian Sullivan. Thank you for joining us on this tuesday. It could be a lucky seven for stocks theres a lot of green on the screen, and we can use i another rainy day in new york. Either get another cup of coffee or go back to bed. Dow futures are jurnd under 100. The dow on a sexday win streak. Of course, if we keep this up, it could make it a sevenday the bond yields are ticking up higher the benchmark tenure yield at 2. 16 . Also watch oil Oil Beginning to creep a little bit higher as well were up just under a percent. Also a big night overseas. Not as much in japan the nikkei in japan did rise 3. 1 look at the shanghai come possib posit. And the European Markets like our futures, like asia, a lot of green on that screen as we talked about, germany startin
Is betting on a breakout in one big bank for less than a buck. Its time to risk less and make more the action begins now. We start with the transport. Sitting in correction territory and underperforming the broader markets, trade tensions and fears of a global slowdown weighing on the group. Key players like american airlines, jb hunt, and ups off double digits from 52week highs. As fedex gears up to report earnings next week, our chart master says theres more trouble brewing. He is over to break it down. Carter. Its all things cyclical. Down today, industrials, materials, financials, and transports semis. Anyway, lets look at the transports, and then, of course, zero in on fedex this is 2007 this is the 09 low, and this is where we are now you have the past decade lets put in some lines and put it in perspective. What we know is we have major selloffs. Obviously in the 09 plunge you get a 61 drop you have a 30 , a 31 , and we endured a 26 drop this goaround, and we havent made a new h
The bush president ial library in texas yesterday on what would have been the former the late president s 95th birthday. According to his grandson, bush 41 chose the photo himself before he died last year, saying it was one of his favorites. Nice way to honor him there. History has just been made in the nba. The Cleveland Cavaliers have made Lindsay Gottlieb the first Womens College coach to join the ranks of the nba as an assistant coach. Brad mielke is working on this. Its not even just coaches. Just in the last couple days, the new Orleans Pelicans have hired a former wnba star for their front office. Women have been climbing up the ranks as scouts and consultants. But the questions always been, will we see more women on the sidelines of nba games . The answer is yes. For the last seven years, Lindsay Gottlieb has been head coach at cal berkeley. Now shes taken a job as assistant with the Cleveland Cavaliers. This is the second woman in the nba to get a fulltime coaching gig. I talk
Advance, if its a very good month if it stays like this, the best june sinceey 40. We keep an eye on that. I remember that one well. Like just yesterday we were covering. A. That we have socalled bond king, jeffrey gundlach. He has turned markedly bearish. That the Federal Reserve doesnt know what he is doing and politicians flummoxed about the debt, whether they want to address it. He has been buying gold. He is optimistic on gold. His read on things a little later in the show. Edward lawrence on what the fed decision could reveal today. The white house want to see rates cut like now, right . Reporter the president made his observations clear. He would like to see that rate cut happen. It is widely expected the fed will keep the federal funds rate, 2. 25, 2. 50. Recent studies say that number goes up at the next meeting to 82 . Were looking for changes in the language of the statement. If the Federal Reserve says they will be patient for future adjustments. How the data changed and lo
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a