Nothing to germanic word dramatic. Who contributes the most, who takes the most away. The top five index points contributors, four were financials, aig, j. P. Morgan, citi paul giving big contributions. P functionk at the ima on bloomberg, Energy Stocks did the best. Joe on the Government Bond , there continues to be selling the last several days. You can look at the australian a sharp jumpd, ace sharp jum up. Thats keeping with the broader story from g7 developed countries. G7 bond yields at their highest level in five weeks. This is still incredibly low, the average yields across various Government Bonds. There has been an uptrend. Japan is reaching the limit of how much a can buy, people concerned about the same phenomenon happening elsewhere. This is something to keep an eye on, the increase in yields. Scarlet is this a fundamental repricing . A look at currencies and the dollar, specifically the bloomberg dollar index, recovering from a fiveweek low. You can see the low reached in
Surveillance. There are many delta flights that have been granted because of a system failure, something to keep an eye on. We also have a little bit of Economic Data coming from germany. We also have a little bit from america. Obviously, a light week in america after the festive set of data we got last week. I would focus as well, francine, what we saw from japan this morning. Truly, since world war ii and back to the middle of the 19th century, quite an announcement from the emperor. Francine we will have plenty more on that, but first, lets get straight to the bloomberg first word news. Reporter more on japan. The emperor of japan is signaling he is ready to step down. Said he is concerned he would be difficult for him to carry out his duties. Succeeded by his son. Secrets confirmed that information has been provided to the u. S. He claimed he had been kidnapped and held in the u. S. For 14 months. But the Washington Post provided that he was promised 5 million after he defected. Th
About whether investors should prepare for the worst in their portfolios. Joe, should they . Whats the message . No. In these plunging yields. No. The message shouldnt be theres a recession coming. Dont prepare as in 2008. Maybe a little bit of a 2007 moment. A look ahead what might be coming, but i think the proper thing now, no herd mentality in any particular asset class. A herd mentality in treasuries . No . Into utilities, but kind of warranted both on a fundamental and technical standpoint now. Make a compelling argument across the asset class chain for ownership of multiple things. One, own reits now. Take a look in the Investment Grade and high yields bond market. Opportunities there, especially on the financial side, and coming back to pure equity, scott, Consumer Staples are performing very well. Also seeing a lot of m a activity, whether jm smucker, mjm or something pete and i talked about. A simple u. S. Thing, oriented towards pizza. Dominoes. Pete, wonder if its time to b
Bonds as we get q2 gdp this time tomorrow. Earnings, the busiest day of the season. Majors like facebook and ford on the move, dow chemical, inside look of the quarter from andrew. Hey, you get on to my cloud. Oracle buying netsuite for 9. 3 billion citing strats youlike synergies. The final day of the Democratic National convention ringing endorsements for Hillary Clinton from the president and Mike Bloomberg last night. The candidate takes the stage tonight and we will go live to philadelphia. First up, facebook with a massive earnings beat that has the stock set to hit alltime highs this morning. Eps 97 cents, beats by 15 cents, 6. 4 billion in revenue, monthly active users 1. 71 billion an mobile continues to grow, mobile ads 84 of the ads that facebook shows. Mark zuckerberg stressed video again and again on the call. Even turning a question about pokemon into an answer about video. Take a listen. One of the big themes were talking about here is becoming video first. Right. And as
Wagging. Wagging. Kit juckes will join us in a moment. Jonathan looking at the msci world index global stocks, and august 2015 hi. 600 aope, the stoxx january 2016 high up one quarter of 1 . The story in the fx market is a little bit of dollar softness. We come in 2 10 of 1 . The cable rate pushes up to one point at 133. A fifth straight day of gains. The discussion for this program in the next 10 minutes, are the bears in the u. K. Starting to capitulate . In the bond market, the bulls are not capitulating. Crude gets back to work with a little bit of rally and russia joins the output. In the bond market, the story of last week, the long end of the jgb curve, the worst week for 30 year japanese Government Bonds, yields coming in three basis points from the session. The focus is whether the boj and governor kuroda allow the yield curve to steepen and hopefully assist the banks to make a little bit of money. David they have been waiting for that in japan and it has been tough. Lets chec