Flagship fund suffering one of its worst first half performances in two decades. Disney breaking office in the a box office, this time its the lion king hauling in the biggest opening for a july movie ever. Its monday, july 22nd youre watching Worldwide Exchange, and it begins right now. Good morning and welcome to shWorldwide Exchange im domic chu in for Brian Sullivan today. Stock Index Futures inindicating the dow will open up by 54 points the s p would be up by 6 points and the nasdaq up by 20. The major averages all coming off their worst week since may on the treasury yield side of things, were seeing a slight tick lower in tenyear note yields the twoyear 1. 82 lets go worldwide in the asian trade. Japan, this morning, you can see here down by about one quarter of 1 this as shinzo abe the Prime Minister declared victory in the countrys National Elections just yesterday its a win that could ensure his place in history as japans longest serving Prime Minister also in china, were se
Taking to twitter to slam the currency and Facebooks Libra in the process and the president is not alone. The billionaire investor mark cuban citing with trump calling Facebooks Libra a big mistake its friday july 12th and Worldwide Exchange begins right now. This is a live shot right here on your screen. Tropical storm barry hovering off the coast of new orleans the city has already seen record rainfall in recent weeks and the storm could make landfall as soon as saturday well have the latest coming up. This is a serious threat but first lets take a look at whats going on in the markets 27,000 and beyond. Get your rally caps a record rally underway on wall street. The dow closing above that milestone 27,000 for the First Time Ever. Taking a look at futures right now, dow jones is poised to open by 85 points higher and the nasdaq indicating a higher open by 23 points take a look at the bond market of course we watch this very closely also as a proxy for what the market is thinking abou
The u. S. Team may ahead to beijing for new facetoface negotiations if talks over the phone go well this week. Shery later in Bloomberg Technology global link, we take a look at all the concerns around the facebook crypto push. Why analysts say libra is fanning the flames for critics. First, lets get you started with a first check of how markets closed on monday the u. S. We have equity markets fluctuating between gains and losses, just the finish slightly higher. Investors pretty much focused on secondquarter earnings. We had tech stocks leading the rally with the nasdaq up 2 10 of 1 . Steel stocks gaining ground after white house advisor Peter Navarro talked about an executive order to have Companies Use more domestic steel and iron for federal contracts. Pressure coming from the Energy Sector and financials. A mixed bag of earnings for citigroup which plans to kick off the secondquarter earnings season. Trading revenue dissing estimates. Citigroup leading the estimates. Every member
They are also making a further move into Wealth Management likewise,s really strong. Feeding through through europe is really nice, and taming one of its competitors. Benefiting from that stock, up by 1. 4 , kaylee. We have big stock movers. Two tech giants moving in very different directions. Amazon the big mover at 11 on the session. A Strong Revenue number. Andy jassy is slowing the pace of spending, so that is ending up a good day for that stock, but not a good day for apple. Down 3 after another quarterly revenue decline. The iphone is a point of weakness. Outlook not fostering confidence. The stock is feeling pressure. There has been a runup, substantially to the prints. It was up 40 year to date before yesterday, i believe. Then the other story is in the bond market. It was job stay in the United States. The Unemployment Rate is at three point 5 . Wage growth was unexpected. Downward pressure on treasury yields. The 10 year yield was at seven basis points. We were at four point
Joining us now is the close markets the Global Market strategist at nova scotia nov esco. Where are you now on that call given that a lot of people are starting to say, it is a bull market and we may have to live with that and perhaps we can look elsewhere. Are you looking elsewhere are you looking elsewhere . The market is broadening and moving into value valuable parts of the market so it is not just the very narrow market that you saw in march or may, you are getting a sign from markets that this is healthier and there is more participants and so far, the earnings for the Value Oriented Companies have been good . Jon is he getting less bad or is the outlook for the markets improving . Things are moderating and that is what you would expect in this part of the cycle but what involved but a lot of investors missed is that the market priced this last year. 11 months ago, we were down ninth 9 in 13 months so that was a market that had already assessed what was likely to be a weak econom