That is taking over. It is thursday, it is july 11th. Fbn a. M. Starts right now. Wal walk away, walk away, walk away, walk away. I will follow. I will follow. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Im lauren simonetti. Let us take a look at how your money is moving this morning. Youre going to like it. The nasdaq will open at a record high today. The s p 500 will recross the historic 3,000 level as investors say a july rate cut looks like a lock. Cheryl the 10 year has been sensitive to all things Federal Reserve including the expectation of that rate cut. As you can see, the yield is 2. 04 . Actually a small fall today. We have seen the yield on the rise recently. Lauren the oil rally certainly continues. Wti at a sevenweek high, 60. 76 a barrel with a Storm Brewing in the gulf of mexico, Oil Platforms being evacuated. Cheryl as u. S. China trade talks on the phone, were waiting for more confirmation of further meetings between the two countr
Manus warm welcome to daybreak europe. Erdoganng rebuke for and his party in istanbul. The lira rallied as much as 1. 5 . Weve given a little bit of that back. The second worst emergingmarket currency of 2019. If the politics get a little change in turkey, do you want to be long turkish lira, or do you believe the threat of sanctions will weigh on the currency and put on a cap in . If the market moving story of the morning its the market moving story of the morning. These are the two dominant forces on markets. To the gold market, above 1400. We havent broken this since 2013. Up over 1400. More to come, according to citigroup. Its a portfolio diversifier. The money just flowed in. 3 billion flowed in the etfs last week into etfs last week. Hedge funds are the most bullish since 2018. Crude, the most stunning line in the commentary over the weekend from the president of the United States, who says he doesnt care about the closure of the strait of hormuz, because he has oil. That is feel
Micron up significantly, but the stockslphia chip index up as a whole. General mills is the worst performer in the s p 500. Its pet food portion of its company, after acquiring blue buffalo, is doing really well. What we know General Mills four, all of its cereals and so on, they are not selling as well as analysts were hoping for. That is sending the stock lower. Bitcoin has a 12 increase date, bringing its week to increase to 42 . Many are wondering if this almost 1300 level will hold. Guy just a bit of breaking news thats worth referencing. Vw, theks unit out of ipo price guidance we now think is narrowing. This is what we are getting at share. Ent, 27 to 28 a we think we will get them around 2 00 p. M. Tomorrow cet. I will bring more details as we get it. The u. S. Treasury secretary Steven Mnuchin saying he is hopeful that the trade deal between the. U. S. And china will be reached President Trump between the. U. S. And china will be reached President Trump between the u. S. And c
Investors pay no attention whatsoever by the time it dawns on them that Something Big is going on and they finally take action, its either really late or its already over [ buzzer ] and thats harsh the dow declined 190 points and the nasdaq tumbled 1. 7 . I want to prove to you that the stock market actually isnt rigged against you its just that so many of the socalled experts are constantly leading you astray buy, buy, buy, buy, buy, buy lets not waste your time for example, oil and gas for more than a month, oil has been rallying like crazy in the last six weeks, west texas crew has gone from 67 to 84. But its only today that im hearing that the oil stocks could be very interesting to buy. I want you to imagine for a moment that youre in the cnbc investing club our philosophy is look for situations where stocks dont reflect the value of the companies underneath remember, these are companies. We bought a bunch of oil stocks when things were nasty, and it hurt for a while but then oil
Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and other factors as well. Japan has got the boj releasing the summary of meeting minutes. Investors will be passing ove