Happy friday, im sara eisen along with don chew who is in for wilfred frost. Hes back monday so my last day of the early shift for a while. You can go back to bed, but we will miss you in the morning. New music friday for you. Producer usually nails it with the new music friday. Going to be on the top of the list. This is where i learn all the new music is World Wide Exchange. Lets check out the markets this morning. U. S. Equity futures after a quiet day yesterday where the s p finished positive. Minor move. Maybe well break out of that pattern with dow futures up 24. S p futures up three. Nasdaq up 12. The big report is the jobs report today. Thats the big report. The earners have slowed to a crawl. This after we got decedent jobless claims yesterday. Lower factory orders, but a better adp report pointing to what could be a good report. There are those out there who believe the kind of Market Action weve been seeing has been this kind of fine tuning if you will jockeying positions, n
Wake of terror attacks. Apreme leaders spoke aboard aircraft carrier. Crumpton, this is bloomberg. Bloomberg west does next. Is next. This is bloomberg west. Coming up to my tech takes charge. Why the sector is exerting more control in u. S. Markets than at any other time since the. Com bubble. This is going ecommerce start up behind the great wall. Toy cut a deal with alibaba give amazon a run for their money. And chinas big plans for the advertising aid. Latest to bes the snapped up by chinese investors. The ceo joins us later this hour. First, to the lead. Tech stocks exerting more control over u. S. Markets than in any other time since the internet bubble. The largest tech stocks, were talking microsoft, alphabet, this split, amazon, seeing massive multiyear rallies. That is closest to its widest ever. We have more. Break it down with me. Exit is getting to be about 21 . When you look at the magnitude in terms of how much the percentage changes, it is relative to the rest of the ma
14 million in cash. Stock is jumping on the news. Viacom saga is ending. Philippe dauman out as ceo and kobe bryant can add Venture Capital to his resume. He will join us later this hour. Futures in Oil Moving Lower with Interest Rates and Janet Yellens upcoming jackson hole speech on the minds of investors a long way between here and friday, jim, but enough to keep us busy. There is actually a lot of corporate earnings. We just did nothing that people that jumps out at people. I look at workday, pvs, incredibly strong, and i am concerned that we are going the undercurrent is going to be oil going down because you mentioned iraq and there really wasnt anything fundamental. I watched Oil Last Week and said, give me a break. I mean theres just the glut has increased, the rig count increased. Its up to near 50 in the oil spigot just turns. I think were kind of in no mans land. Remember, there are not a lot of players. Not a lot of players. Yeah. In terms of producers. Well, we also when w
Pop off of Janet Yellens speech. Stanley fischer putting cold water on that talking about september. This is the we are with less than our left in the trading session. The dow down by point four of 1 . Seeing a 200 point spread. 18,450. Ed around the we are the opposite of that. Down. 4 of 1 and the nasdaq. 2 of 1 . With all this it is happening because of that september rate hike getting more on the table, looking at fed fund futures, it has risen by 10 points. The odds of that have been on the the yield twoyear and the 10 year. This is where we stand right now. Five aces winds up 8. 84 . Six basis points for the 10 year. It is having a Ripple Effect on the bloomberg dollar index. The dollar is rising right now against a basket of currencies. Up almost 1 , a really big changer. 1181 against a basket of currencies. This is the biggest gain the july 5. And on the the rising 1. 25 . Bonnie what were the individual moving quitewere apart from the symposium. First off apple right now is. 8
Fisher sounded more cautious on tuesday. More voices being added to the flurry. Yields continue to rise today. We have seen the biggest selloff since june in terms of treasury. Alix the yield rally some most since november. Ofaking of the diversion years, Charlie Evans speaking, saying we do not need to hike rates. Eric rosengren saying we can normalize rates. We are nearing our mandates. Federal confusion. Caroline that is going to be our phrase today. Coming up, we will speak about the direction of yields with matthew. Managinggan stanleys director and strategic. He says by the fiveyear the fiveyearbuy treasuries, despite losses. Alix a lot on hold heading into jobs friday. If any action, it will be in the currency market. The dollar is mushy across the board. The pound is higher, moving against the dollar. The yen moving lower. The yen is looking at its first monthly decline versus the dollar since may. Is relative mushiness across the board. Banks doing well in europe. Into the job