Here to tell you what the key is Going Forward for their streaming success. But we begin with planes, trains and automobiles, the transport surging back today trucker j. B. Hunt crushing earnings the airlines soaring that group up, 5 in just the past week so is the classic dow theory, the idea the transports are going to lead the market back in vogue . Its been around 100 or so years. Pete najarian, is that move a huge move for airlines, railroads, truckers, mean that it is all all clear for the overall market i dont think it is that easy i dont think the markets are ever that easy Everybody Loves to say that. Is that theory dead i would say this, it is a great sign the airlines, we watched them produce and produce and produce and people still dont want to seem to own a lot of the various airlines when i looked at delta numbers last week and it almost went by and nobody talked about it and yet they crushed it. They had a record Second Quarter. So we know right now that they do have Pri
Javad zarif on hardtalk. There welcome to hardtalk, with me Zeinab Badawi in new york. My guest in this rare interview is the foreign ministerfor in this rare interview is the foreign minister for iran, javad zarif, who is here on a visit. Tensions between iran and the us are ona tensions between iran and the us are on a historic high. Trump said he was ten minutes away from war with iran following tensions in the gulf. Can they save the Historic Nuclear Deal after President Trump unilaterally withdrew from it . Foreign ministerjavad zarif, welcome to hardtalk. The British Foreign secretary, jeremy hunt, says there is a small but closing window to save the nuclear deal agreed in 2015 between iran and the world powers. Is he right . I think he is right, but there is committed determination on all sides to save this deal, iran has done its part of the deal and it is necessary for the rest of the world, and the europeans to also take action. Theyve made very nice state and is, but state m
Alix peak accretion greater than 20 . Those are pretty staggering numbers. David they are paying a premium of 45 . Alix we are going to keep following this and what it means for other health care in a day other health care m a. In the markets, sb futures pause until the g20 s p futures pause until the g20. The dollar hit a threemonth low yesterday. 2 . Ds did dip below now we are back about that. Crude a little softer. It feels like a teeny bit of a risk off on the margins, but nothing extreme. David a lot to digest. Go to the morning brief. At 8 30 eastern, we get u. S. Newhome sales data for may. Throughout the day, we hear from a range of said speakers, starting with jay powell, williams, bostic, and parkland. Bullards thenpresident will be on Bloomberg Radio and a conversation with kathleen hays. The best treasury will be selling 4 billion in twoyear notes. At the bell, we will get fedex earnings. Lets turn to bloomberg first take. We are joined by mark cudmore and romaine bostick.
Shame on you second, it was a wild ride the dow finishing up and then finishing lower, all this because of what else, the federal reserve, fed chair Jerome Powell and other officials tempering hopes of a rate cut dow and s p posted their worst days of the month. It was the nasdaq, some of your favorite tech stocks took the brunt of the beating the faang, bit microsoft, alphabet, down 3 facebook off 2 . You get the picture. Guy adami. Yes, sir. Fracas, fracas, what do we make of what the action was today . Is that how sensitive this market is to the fed thats the refor t rhetorica question the fact that we get to 2950 again and again and fail, i think it is problematic. We do it when the vix gets down to 15, pete can speak to that, levels where the last six to eight months the market has topped out i think the market is overestimating the power of the fed. I think unless we get a trade deal, which i dont think were going to get, i think we roll offer at these levels. You just gave a lot
Was checking in around 6 00 a. M. To squawk box but still looking up road map this morning, it starts with a potential trade boost, stocks as you saw pointing to what would be a pretty good open at least if youre long after treasury secretary mnuchin said there is a path to a deal with china. Plus, trade head winds hitting home, fedex saying the ongoing disputes are creating, quote, significant uncertainty for its business outlook. Micron surging this morning, this on strong Quarterly Results. The chipmaker also resuming some sales to huawei and forecasting demand recovery this year. Stocks are looking to rebound this morning, this after treasury secretary Steven Mnuchin expressed optimism about trade talks in a cnbc interview. Here is what he told hadley gamble in bahrain. Im hopeful we see a deal there needs to be the right efforts in place this isnt a deal for having the sake of a deal we were about 90 of the way there. There is a path to complete this but well see where we get. Quo