The month of july. The month earlier, jim, was 99. 8. It was at the second highest level since the recession. 100 was the economists estimate. 90. 9. We are seeing Consumer Confidence worse than estimated. Im looking at the s p 500 on the screen behind me. It looks like we are not seeing a huge effect. If anything, stocks have rallied off of the lows of this early session. We will continue to watch the reactions, and the read through to the fed which begins its meeting today. Matt thank you. Lets go to the market. Right behind julie you saw the market rallying from a low. It was coming down a little after the Consumer Confidence number. He s p is up one third of 1 earnings surprises helped the market. The dow added. The nasdaq is unchanged at 5000 43 at 5043. Saying i rally that we have seen in treasury. It is being interrupted with a selloff in chinese equities. The treasury is a little bit weaker on your screen, the yield on the 10 year is up for basis points. The meeting begins toda
Down oil and gas production. Haidi hello from sydney. This is daybreak australia. We are talking about the first major market open. Betty i am betty lou. This weekend has been quite eventful. Just what happened over the weekend with Hurricane Harvey, hurricane category four slamming into texas. The fiercest storm and 50 years. The worst hurricane since 2004. A quarter of the production now expectation is it will not hit the whole of the u. S. Economy but certainly texas itself. Lets get a quick reminder before all of that happened how stocks traded on friday. Watching with bated breath what janet yellen was going to say, she was on message friday. That meant the market did not trade that much, not a lot of volatility as we saw by the end of fridays trade, the dow up 30 points. The s p up 0. 1 . The nasdaq trading unchanged. We have a lot had this week including jobs data in the u. S. , likely to dominate the chitter chatter in the market ahead of the data on friday. That is a mixed ope
Situation very closely. He will have to make the final decision on what to do next. But he did admit the french authorities did know ta these attacks, attacks like this were a possibility. Well continue to update you as things progress. All right, hadley, thank you very much. We will continue to follow in this morning. Obviously, this is a rapidly developing situation. Michelle Caruso Cabrera is back at cnbc headquarters and following these developments as well. A little more we can add to hadleys reporting is we believe they are holed up in some kind of print works. Thats what reuters is reporting that large building that we see there, its not quite clear what that is. It is a small town of only 8,000 people, but its an industrial down. One of the wires interviewed a plumber who lives several doors away from apparently where the situation is unfolding. He said this morning, he did not go to work because he heard gunfire and then the municipality has posted on their website that everyo
Pretty tight supply. Weeble have fabers inclusive interview, and another upgrade for netflix, this time its ubs. Were going to walk you through that call. First up apple preorders are surging. They received almost 1 million orders on friday according to slice intelligence. No comment on they numbers from a third party. This took one day. Look basically a sight unseen fabulous ads, and i think what this says is long run, because if theres a million early adopters without even people just figuring how to sync, i would say this is not a 2016 phenomenon. By that time everyone will know you have to have this as a device. You know what . People under 25 carl theyve never had this device. Suddenly theyre going to wear it because its part of their ecosystem. Those of us older who have a watch, were trying to figure it out. Younger people have figured it out. They need it. Piper jaffray, everyone is trying to do their work. B of a is a little higher than that. Even if they sell eighth year is a
Lets look at crude oil. Well give you the 10year note yield. There it is. Where are we . Wow. 1. 88 . Lets get to our road map. It starts with you heard meg terrell talking about it. Teva ups the ante proposing to buy mylan 82 a share cash and stock. Both shares on the rise. And a parade of dow stocks starting off with earnings this morning. Well cover it all. Ibm seals fall for 12 consecutive quarter. Is the road map now in difficulty . Want to start off with teva as i go back in my pad and look for notes i took some time ago on the possibility of this because it is complex. Lets give you the news itself. You heard it on squawk box. 82 a share in cash and stock. Making an offer to acquire mylan which would create a giant generics business. Both do a lot of their business here in the good old usa. For its part mylan made an unsolicited proposal to acquire perago, an irish company. All these companies being inverted for tax purposes. Thats working through irish takeover law. It is a pro