Week for the economy. The brexit vote, yellen on capitol hill coming up. Redstones made their big move last week, the latest on viacom and the nearterm future of a company that could come down to a Court Decision in delaware. And big weekend for disney. Some Box Office Records and game seven as you know for the ages. First up though stocks rallying around the globe on hopes for an antibrexit vote on thursday. A new poll by survation says 45 remain, 42 leave, but if you take all the polls together, still about a dead heat. Earlier this morning on squawk, black rock on the markets as we count down to thursdays vote. I think youll see more fiscal policy stimulus. If thats the case i do believe well see more inflags because we still have 4. 7 to 5 unemployment. Going to create more job demand and more wage inflation. If we have these infrastructures spent here in the uk, other places, i believe thats the beginning of another leg of a rally for equities. Definitely shows the hypersensitivit
Basis points reduction and that has perhaps helped. Certainly in the uk itself as you see the ftse 100 up 1. 3 . Our 10year note yield hovering lets call it around the 1. 5 level and crude, which has been an important story in the movement of our broader markets during the course of this week, look the that, flat, 40. 83 after dropping below 40 this week. Lets get to our road map and it does start with the bank of england rate cut as it ripples across the globe. Markets we will get mark carneys take. Major media earnings, fox and viacom shares both moving this morning in different directions. Whats behind the quarters at fox and viacom, what about the turmoil. Frankly at both companies. Tesla misses estimates, but that didnt stifel, what is this all in the family, stifel elon musks optimism. We hear his outlook for the companys future. Futures on the rise a bit this day after the dow broke that sevenday losing streak. The bank of england cutting its benchmark Interest Rate for the Firs
Well as eric jackson of Spring Owl Asset Management and an outspoken critic of management teams, including yahoo and viacomm. Earnings in revenue beat expectations. A big win for Ceo Jack Dorsey who, of course, runs two companies. The stock of square down more than 20 so far this year. Prior to todays move. I did speak to dorsey last quarter about the path to profitability. Square has been a very strong and really predictable business for us. And were really happy about that because we feel like we have a real understanding of how the business grows and what it takes to move it forward and can really understand what to do next. Predictable, of course being the keyword. How much of a victory is this quarter for jack dorsey . Short term its a great victory, longterm its a problem because square catches mass of competition from everywhere. And not only is card readers now, you have apple pay and new infrastructure. A lot of new technologies that could be developed that could really hurt t
And teachers but should there be a thing. Is a two month vacation an idea whose time passed and should we break tradition and look at yearround education. That is our cover story this week. For some students, school is never out. Classes are in session all year long. 3700 schools are on a yearround school in 2011 and 2012, most recent available said that is 4 of public schools. Instead of a long summer off, the 180 Day School Year is being throughout the year. Proponents say yearround school is designed to stem Summer Learning loss. Moej students lose math schools and low income children lose reading schools. Another advantages include reducing student and children burnout and for low income families access to health care and free and low price meals but it creates scheduling problems during the breaks in the spring and fall and not all schools in the district have the same calendar, families have to juggle conflicting schedules. And with classes in the hot summer months, many schools
Binders, it is backtoschool for millions of American Kids and teachers but should there be a thing. Is a two month vacation an idea whose time passed and should we break tradition and look at yearround education. That is our cover story this week. For some students, school is never out. Classes are in session all year long. 3700 schools are on a yearround school in 2011 and 2012, most recent available said that is 4 of public schools. Instead of a long summer off, the 180 Day School Year is being reorganized with Shorter Breaks throughout the year. Proponents say yearround school is designed to stem Summer Learning loss. Moej students lose thma schools and low income children lose reading schools. Another advantages include reducing student and children burnout and for low income families access to health care and free and low price meals but it creates scheduling problems for family. It hisard to find childcare during the breaks in the spring and fall and not all schools in the distri