Under 27,000 and christmas in july, were already now a couple of hours into amazons annual prime day or days. The key take aways that you need to be watching on this monday, july 15th, as Worldwide Exchange begins right now the boys are back in town i said the boys are back in town good morning, good afternoon, good evening, and welcome. I am brian sullivan, and it is nice to be back with you, especially since it looks like more record highs for stocks today. Futures are not up a lot, 23 points on the dow, they are in the green nonetheless, all the major average are coming off record highs the s p 500 trying for its 11th record close of 2019 the bond market, though, i mean, its reacting a little bit yields have backed up a bit, but not much around the world right now, a similar trend that we are seeing in the european markets were seeing mostly green on the screen, not a lot. Slight gains here, france down well call it flat asia, japan is closed today. Dont look for a nikkei trade. Rea
All the tension around huawei and not a pretty picture one u. S. Senator calling for an investigation into that hugely popular face aging app maybe he didnt like what he saw either its thursday, july 18th Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan before we get to the Macro Markets, look at that. Thats a live check on shares of netflix. Wow, they are down now 11 off 40 per share. Big reason was the reason that the subscribers missed they had the first drop in u. S. Subscribers ever in their streaming age. We have more on netflix and comments from Reed Hastings coming up on this. Before that, lets get to your macro morning setup. Coming off the s p 500s worst day in three weeks we could see a continued drop futures are in the red not big losses dow futures off 60 we are in the red. Volume has been weak you probably dont care about volume you care about price prices have bee
Gear what they just did thats getting a lot of buzz today. Then, watch out verizon. Why Silicon Valley may be asking, can you hear me now . Well explain. It is monday, july 8th Worldwide Exchange begins right now. Good morning and welcome to Worldwide Exchange im dominic chu. Brian sullivan has the day off futures right now are lower, but theyre off the worst levels of the session. Well have more on that coming up but first, to our top story this morning. One of the Worlds Largest banks announcing a massive overhaul. Deutsche bank is pulling out of its globals equities in sales and trading business as part of that move. Its an 8. 3 billion Restructuring Plan the german lender is also slashing 18,000 jobs across the globe. Cnbc is in germany in frankfurt with the latest. Why are they getting out of the stock, sales and trading biz and what are the plans reporter actually, Deutsche Bank has had quite many years now of low profitability of losses and on going problems to stay competitive
President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer to 4 . The earnings story is disney. So many stories in
Definitely macro driven. That has been the narrative from the getgo. Earnings season providing a brief interlude where we look at companies to deceive much happening you look at whats happening with the earnings and where we go from here but then we step snap back to talk about the macro. Earnings news isnt sufficient to move the markets at an index level so we are waiting for a macro catalyst at the back end of the week. Bottom up, 8. 2 on the downside, this company clearly has problems in terms of manufacturing and contracts. We will see how it starts later this week. The ubs story is interesting as well. It was a great exclusive in terms of the management shift, the stock up 4 10 of 1 . It still feels like a macro story and where does that leave europe . That remains a key question. Alix the s p is up. 5 . Volume isnt terrible and i found that to be interesting. Talking about micro a bit you have tyson and apple. Down over 2 its the longest losing streak for apple since december aft