The pound is rallying. Tenyear back to 17 now as that threemonth tenyear curve goes positive road map begins with a trade boost, stocks set for a sharp rally at the open as optimism for a skinny trade deal is growing. Oil prices jumping this morning, this after iran says two missiles struck one of its tankers. Gms urging the uaw to engage in around the clock bargaining to reach a deal and potentially end the more than three week long strike. Were going to begin with u. S. china trade talks, lighthizer, mnuchin, greati ingg chinas vice premier the president and the vice premier set to meet this afternoon. Yesterday, the president was upbeat about the talks take a listen. Were doing very well, were having another one tomorrow. Im meeting with the vice premier over at the white house. And i think it is going really well i will say, i think it is going really well. So we had a very, very good negotiation with china theyll be speaking a little bit later, but theyre basically wrapping it up
For all of the dows implied decline, macys is no good either. Well get to all of that. Europe in the red this morning. Asia quiet overnight. And watch oil up four of five sessions following the best day in about two weeks. Our roadmap begins with four names down big this morning. Shares of macys falling hard after the companys Earnings Report this morning slashing guidance. Terry lundgren saying on the call we are not counting on the consumer to spend more ncht office depot and staples calling off merger after a judge blocked the deal. Both stocks taking a hit this morning. And disney shares falling after missing estimates for the first time in five years. A drop in espn ad sales and subscribers taking a toll on that quarter. Ncht first up, macys down in the premarket after the company missed on quarterly revenue and slashes their full year guidance. Retailers says Top Line Sales expected to remain below initial expectations. Macys Early Release Terry Lundgren saying we are seeing cont
Discriminating against people based on sexual orientation. Still face as battle in the house of representatives where john boehner has said the bill is unnecessary. Progress in ending the long stand off over Irans Nuclear program, iran and six world powers including the u. S. Are at the table in geneva. If all goes well this could set the stage for nuclear disarmament. Inside story is coming up next, for news updates from around the world, head to aljazeera. Com. Warm street is all a bitter over twitter, just because you tweet doesnt mean you will geoff it. The ins and outs of the i. P. O. Game, is tonights inside story. Hello. When the opening bell rang on wall street today, twitter insiders became multimillionaires in an instant. There are 230 active users so the offering price each tweeter is worth 78 but of course thats not how it works. Tonight, we will explore the high stakes high profile world of the i. P. O. , but first, this background. Twitter is the webs micro blogging and s
Micro blogging and social networking phenom, internet suffers log on to read, post, and share their thoughts. The more than 230 million users colludes heads of state. There you go, my tweet has been posted. Thats what im talking about. Countless celebrities. And political activists. Some that even started a revolution all with an account and a. Posting more than half a billion tweet as day, twitter is taking the momentum and running. Todays initial Public Offering of stock or ipo is the most anticipated Technology Stock debut since facebook. Twitter is setting itself apart from other Technology Base companies that have nasdaq, like apple, google, and facebook. Facebook underwriters increase the price too dramatically, which forced large institutions to drop out and left individual investors with a overvalued stock, its taken facebook more than a year to regain those initial losses. Its hard to grasp twitters Business Model on amazon items can be purchased, valuable ad space is sold on
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