It is monday julynd fbn am starts right now. Good morning im Cheryl Casone. Im deirdre in for lauren simonetti. Great to have you here deirdre. Monday moving on this monday we have green arrows across the board pickup continues with dow up by 66 and s p up by eight and quarter and the nasdaq up by 30 and a quarter. Taking a look at the bond market with tenure treasury yield you can see 2. 04 , of course, a lot of that a lot of traders focused on had head meeting july 30th and 31st. Absolutely. Also, of course, weve got this british tanker that has been ceasedded near iran by iran, were wapping oil and again, it is up. 5 6, 79 a gain right now of a dollar 16. And overnight in asia, take a look youll see nikkei shanghai hang seng and all lower across the board. Finally over to europe taking a look at markets there as you can see green arrows across the board. And to our top story there will be no shortage of Economic Data this week so were going get a fresh look at the state of the Housi
Jap japans exports fell 6. 7 in june, much more than expected. They were looking for a 5. 4 drop tex tend the bigger surprise drop was a 5. 2 drop in importeds versus the 0. 2 decline economists were expected the nikkei was down by 2 . Hang seng off by a half percent. The shanghai down by 1 . In europe, red arrows there as well spain off by 1 . Lesser losses for the other averages check out the treasury market. You will see that the treasury market this morning is showing the tenyear with a yield of 2. 054 United Health just reporting moments ago. Posting Second Quarter profit of 3. 60 per share. That Beat Estimates of 15 cents. Revenue came in ahead of wall street forecasts the Company Raised its fullyear forecast well talk about this more with ana gupte. Netflix shares are falling sharply this morning the Company Reported a drop of 130,000 u. S. Subscribers in the past quarter on the Conference Call Reed Hastings attributed the lower growth in part to its Program Lineup during the qu
What we had seen with the weakness last month. Overnight in asia, the nikkei actually was down almost 1 . The shanghai was up by a half percent. In europe you will see the dax is flat. So is the ftse cac is up. There are green arrows across the complex of stocks. The treasury markets this morning will be closely watched. The tenyear at this point is yielding above 2 . We want to start with some developing news. The New York Times reporting that President Trump approved military strikes on targets in iran that would be in retaliation for shooting down a surveillance drone but the mission was called off at the last minute eamon javers joins us in washington, d. C. With the latest good morning. The New York Times and the Washington Post are reporting that the president authorized these air strikes last night but backed off at some point subsequent to having authorized it the New York Times is reporting that the mission was under way. There were planes in the air, but missiles had not been
Lackluster trading an ugly chart for the biggest in the market and shares have fallen 11 this month alone. Intel and microsoft also a drag today and its hard to get much going for the nasdaq as well given that tech slide weve seen and the continued march higher for yields take a look, the 10year higher again, pressed against its highest level since last october. It takes us to our talk of the tape state of stocks and why some say this correction is not over. New edges Cameron Dawson making the case here now at post nine good to see you again. We should note as were at the lows of the day, the dow has reached it 50sDay Moving Average. Why do you argue today that this has more to go the confluence of evidence would support theres more to go because of seasonality, were in a bad seasonal stretch, september the worst month. We know momentum has turned negative in the near term on a tactical basis and breath, the number of names trading above their 50Day Moving Average, its not washed out y
Much. Good afternoon, everyone, im charles payne. This is making money. Breaking right now im in las vegas where it is always hot outside. Luck can run hot and cold inside that is the same thing with the stock market feeling the chill after a blistering rally. Bulls are getting cautious. The bears are shouting louder than ever. Well look at all sides, folks. Social media buzzing over the barstool story. Penn gaming did the right thing. The question what does it mean for the mouse house . Disney reports after the close. Well handicap that for you. The wage price spiral is it a myth or the biggest risk to this economy . Im separating fact from fiction with art laffer and peter same on. My take on young men getting kicked to the curb. It is socioeconomic story with jack brewer. All that and much more on making money. Charles listen, i believe, im a big, big proponent that rallies have to be tested from time to time and thats when you really get the confidence. Everyone talks about buying