For a market holiday. The hang seng up by a third of a percentage point. The shanghai up bay hay a half percent. The kospi up. In europe, in early trading. Green arrows there. Much bigger adavans than here. This is playing catch up and then some. The dax up 1. 9 . The cac up by 1. 8 . The ftse up 1 . Crude oil having its best day in two weeks yesterday. It was up nearly 3 at 45. 34. This morning up 1 to 45. 79. Big question around whether opec can pull anything off with this meeting they have next week or whether this is nor jawboning. Well continue to watch this. Lets get you through some big top stories. Weekly jobless claims come out at 8 30 eastern time. Filings are expected to hold steady at 260,000. Then at 10 00 a. M. , august existing home sales which are forecast to have risen more than 1 . Yahoo reportedly expected to confirm a massive data breach exposing millions of User Accounts. Re code saying the breach was widespread and serious. The data allegedly includes user names,
France and italy are positive. The dax in germany lower by a fraction of 1 . In asia, major markets are mixed at this hour among the headlines out of the region. Growth in Chinese Services sector slipping to a sixmonth low in july. The nonmanufacturing pmi showed new orders rose at the weakest rate in at least a year. Brian, the nikkei is down slightly but the rest of the major averages across asia are slightly higher. Kayla, thank you very much. Folks do think its a slow summer week. You better think again because another big round of earnings are coming your way. Among the Companies Set to post numbers this week, aig, disney, time warner, aol, fox, cbs, wendys and hundreds more. The wall street journal reporting overall revenue in s p 500 companies seat to rise 4. 3 from last years second quarter. And that, folks, marks the fastest growth since the Fourth Quarter of 2013. The article also notes other companies that have already reported their earnings. Twothirds have beat the sales t
Talks today and reconvene in december. Successful talks could open the door to ending sanctions on iran. Brian, over to you. Thank you very much. Good morning, everybody. In Corporate News starting your week, American Airlines and its pilots union say they will keep talking with the goal of reaching a new labor deal by middecember. The two sides putting off a plan for arbitration. By the way, shares of american have been up this year 70 . Speaking of the skies, commercial drone users are still waiting for new federal rules. The days wall street journal is reporting the faa will require operators to have a license, limit flights to daylight hours, remain below 400 feet and stay within sight of the person at the controls at all times. And the 2014 shipping season is coming to a very early end on the upper mississippi river. The reason . Ice. This is said to be the seasons earliest closing in nearly 50 years. It is bad news for many farmers who are now going to have to find other ways to
In perhaps, germany and spain, some more muted declines. U. S. Equity futures are looking a little bit better this morning. At this point, the dow futures are up by about 46 points above fair value. But i dont think how much faith you put in these implied opens at this point. What is indicated now is not necessarily how the day ends up, but it is certainly something to watch and see. The fed did decide to trim bond purchases. It was the Central Banks first unanimous vote on policy since june 2011. The fed made no reference to the selloff in emerging markets. They didnt talk about that, they didnt mention the cold weather. But the fed stood pat and this is an enormonormous decision. Joe, you are looking righter and righter on that call. And im not happy about it. I dont want the globe to slowdown. No, no, no. I just did the math. 75 divided by 1850. Were at the s p were at 1774. So its down from 1850. So 7. 5 divided by 1850 is exactly 4 . When you put it in those terms, a decline of 4
Judge tonight is calling the Trump Administration reunification efforts unacceptable. When all in starts right now. Good evening from new york, im chris hayes. At the close of the first week of Paul Manaforts trial, things do not look good for the former Campaign Chairman of the trump campaign. And today in particular, the testimony about manaforts alleged tax evasion and bank fraud took on a Very Human Dimension when his accountant admitted under oath on the stand that she had in fact knowingly falsified Tax Documents in order to save Manafort Hundreds Of Thousands of dollars in taxes. Manaforts accountant, Cindy La Porta testifying i knew it was wrong, i could have refused but that would expose the Accounting Firm to the risk of litigation or i could have called longtime clients liars. I very much regret it. This is the first of two trials of Paul Manafort being brought by special counsel robert
wire transfers to prove that Paul Manafort was hiding millions of dollars of income from