Trades on top. Ocado drops despite reporting 30 jump in sales. Jp morgan and banks kick off earnings season. Well see how much of an impact hit the banks bottom lines. It has been a weaker session in europe. Stocks have been trading deeply in negative territory. The hand over wall street, very choppy we have not seen that. Investors getting used to some of the records in the recovery trade takinghnogy. It was the opposite yesterday as some of the closures in california and texas with the spike of covid cases finally spiked a little caution. Weve seen some numbers. Signatu singapores seeing more of the fa fallout from the virus tensions from the u. S. And china again around the South China Sea and Natural Resources china claims are theirs and the ordering of chinese businesses in the states. A lot of tension one analysts said what you get is either very positive or very negative we are still roughly where we started on the uk stock market up 18 french rewinding about 2 . The dax is down
Together we have been observing 8 minutes, 46 seconds of silence apts the Stock Exchange in tribute of the life and legacy of george floyd and the movement his death has ignited. Well have full coverage roho tayere on cnbc. Well be right back. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. I want to welcome you back to the Halftime Report i want to take you to the wall its about 11 minutes, 12 minutes past 12 00 its a mixed picture on wall street 27,315 is a los. Nasdaq bucking the trend today taking a bit of a breather as the value stocks join
Everything has to do with the tax reform in the u. S. Dollar, a little bit affected by the tax bill. Theresa may made moves to rally the troops to have a common vision on what trade will look like. We will speak with the vice chair of rothschild. We will also speak to david herro. And then, we will speak to fed president the of dallas we did get figures out of germany and Business Confidence is at 117. 2. It is missing estimates just buy a touch. To be at 117. 2. Weseems to be ranging as speak. Lets get straight to the bloomberg first word news. Reporter donald trump has called russia and china rival powers to the u. S. As he outlined a new foreign policy. In a departure from his previous statement, he declined to mention Climate Change as a threat. Donald trump we also face rival powers, russia and china. We will attempt to build a Great Partnership with those and other thatries, but in a manner always protects our national interest. Reporter nikki haley has blocked the u. N. Security
The flames. More than two dozen people were arrested. This started after the funeral of freddy gray, a black man who died in police custody. A this sister called for calm. I dont like it at all. Betty the orioles postponed their game. Schools are closed and a citywide curfew starts at 10 00 tonight. We will be watching the situation. The death toll in the Nepal Earthquake is over 4400 people. The Prime Minister fears that number could double. Rescuers dont think they will find survivors in the rubble. People are living in tents, hearing aftershock. Authorities are rushing aid to the hardest hit areas. The finance minister says it will cost 10 billion to rebuild. Apple powered a spectacular quarterly result. They sold more phones in china than in the u. S. That is a first for the company. Iphones sales were up 40 . Look at the oneyear chart on apple area invested in a share of all this. The Quarterly Dividend is being raised by 11 . Everybody is happy with apple area analysts are surpri
Saw a drop to 95. 2. Somewhat consistent with weaker than expected data. In terms of the financial markets, u. S. Stocks have just fallen to session lows. Notg down by a lot but you see declines by. 2 for the s p 500. Little changed for the dow, nasdaq losing. 5 . The dollar index falling to session lows with dxy at 96196. 10 year yield higher. Two year yield little changed at 55 basis points. Erik . Erik here we are, back at the milken conference. I want to tell everyone about who is coming up, colony capitals tom. Stephanie at 10 30 we will sit down with barry sternli cht. Then terry joins us at 11 00 a. M. Chairman of the cme group, the perfect person to sit down with days after the headlines about the flash crash. Erik Boone Pickens is coming up at 11 30. If you miss his interview you want to tune in. Stephanie one of my favorite interviews of all time. He turned and said what, we are not in commercial . It is the commercial breaks on Market Makers that are the most special. Erik s