The bond market has been sensitively tuned to every jobs report or every jobs indication we have with the jolts and the adp number. The jolts showed a stronger number when it came to jobs. As we head into that, you see dow futures up 26 points. S p up 4. Nasdaq up 21. The treasury market, again, everybody is watching. 10year treasury is 4. 27 . The 30year treasury is below that at 4. 91 . Crude oil prices have been down. Wti is trading at 82. 40. We have been north of that this week. The demand picture is the question. The supply picture turned to the demand. We decided it was supply. Demand. Iaea showing a backlog of gasoline. As prices get higher, are consumers less able or willing to pay for gasoline or cutting back on driving . Fascinating if you believe the fed is not driving any more, then a soft jobs number and that doesnt mean yields fall. You suddenly believe the fed will keep rates higher for longer. This is what mary daly said yesterday. She said we will get it back to 2 . T
Adp in line at 177. And our road map begins with apples iphone sales disappointing. Why the company says future product rumors could be to blame. Private sector hiring slows. Will signs of a cooling job market change the feds potential rate hike plans . And a food rally, mondelez and yum brands beat the expectations. Mcdonalds gets an upgrade at goldman up. The iphone shares disappoint and tim cook said we are quote we are seeing a delay in purchasing behavior that we think is a consequence of the number of rumors and reports about future products. That is happening outside of Greater China. Jim, it will be interesting to watch you get him to expand on that. It is going to be the smallest gap up or down for apple on earnings in a couple of years. Well, look, i think that this is one of those where if we looked at it as a Consumer Products company, wow, they beat by eight cents, look at this return of capital its amazing. But you know what, that is not the way that the street views appl
Will august, a traditionally difficult month for stocks bring more record highs . Were on dow 22,000 watch. White house says new chief of staff has Anthony Scaramucci out. Under armour, well look at the stock and the competition. All three indices saw a record like the dow and the nasdaq, s p posted eighth positive month in the past nine. Its been quite a run. A lot of that, though in dows case, has been boeing. Boeing is the new thing its really incredible y had some laughs this week where i read boeing, sell to hold this was, to me, the biggest cap stock that had sales on it not netflix, not tesla, but boeing there was a moment where one of the analysts said is it as really as good as the cash flow real not only is it real but its spectacular. I really do think there was kind of a misdirection play a lot of people felt boeing could be like, say, some of the like a ge and it wasnt. How do you miss boeing, though seems to me their business is one that you contract very well. They misse
Warner and 85 billion deal is more consolidation ahead . Plus, getting that deal approved calls for scrutiny and Consumer Protection already coming from washington. Lets listen to how both ceos are pitching the transaction. And Goldman Sachs lowers outlook for corporate earnings through 2018. Why it sees Profit Growth slowing in the s p. But first up, at ts mega merger with time warner already facing scrutiny from president ial candidates and capitol hill lawmakers. Earlier on squawk at t ceo Randall Stevenson said he believes the deal will pass regulatory muster. This is one where the nature of this deal is unique from anything that weve done before. And that is a vertical integration. Its a big merger, but its a vertical integration. And as you think about the areas that have been really contentious over the last few years in our industry and in jeffs industry, theyve been horizontal mergers where the government was concerned about a competitor being taken out of the marketplace. Thi
Proctor, utx, merck and more. Nikkei had a sixmonth high of a weaker yen. Oil inventories after the bell. Case schiller home prices up 5. 3. Out of road map begins with major blue chips reporting earnings from cat to gm, due paupt and visa. Under armour shares are down double digits, despite a betterthanexpected number. And the latest regulatory issues surrounding at ts merger with time warner. Netflixs Reed Hastings weighing in on the deal. First up, among the dow components out with results this morning, caterpillar beats on the bottom line, misses on revenue, cuts their fullyear guidance saying most of its end markets remaining challenged. And then proctors results are above consensus. Thursday on squawk on the street sara eisen will have an exclusive with p g Ceo David Taylor coming into the job. Says that this quarter marks what he called a good start for the fiscal year, jim. This is a remarkable morning because you see two Companies Like Procter Gamble and dupont putting up 3 or