Similar gains by the cac in france, the dax up by 0. 3. The tenyear yield has been hovering near the lows the yield sitting at 2. 172 . A little higher than where we were this time yesterday crude oil down again yesterday after being hit hard the day before wti is up by 19 cents. Still below 45, 44. 65 we have a couple big stories were watching this morning. Russias Defense Ministry checking to see if an air strike in syria killed the leader of isis unconfirmed reports say that the leader al baghagi had been killed in air strikes. An upstate on steve scalise. He is in Critical Condition this morning after undergoing more surgery yesterday afternoon. Is he expected to need multiple operations to stop the bleeding and repair internal organs he was shot in the hip at a congressional baseball game on wednesday. New this morning, china removed 27 restrictions on Foreign Investment and free trade zones. Chinas free trade zones enjoy loser trade. They specify areas off limits to foreign capit
We have second half strategies coming up for you. Vertex, activism, blizzard, and within resorts are among the winners in the stock market today. Good gains thats just showing you todays gains there. Foot locker, devon energy, and kroger are some of the bigger losers we always try to discern larger trends from looking at the individual stocks. The kroger story we know well. For sure. Whats old is new again well get you details on a firms turn around plan. You may have heard Berkshire Hathaway is now the largest share holder in bank of america. But thats not the only company where warren buffet is the top shareholder. I love that story, he bought the preferred. They raised the dividend he converted and now he made 12 billion in the process. You have to hand it to hill when everyone was panicking, he stepped in and made so many deals. Buy low thats how that works. Lets get to the market. So far the nasdaq is up more than 14 while both the dow and the s p are up roughlile . But thats star
Yes, this is the last hour of trading on this shortened market day and there are fireworks in the stock market a pretty good start to the second half of the year, right extraordinary we are up 200 points just a second ago alltime intraday high for the dow and alltime intraday high for the transports look at financials and Energy Leading the way, some of the laggards for this year and Tom Mcclellan will tell us later why he thinks the bull run is forar from over a new report this morning says President Trumps chief strategist, steve bannon, is pushing for a tax hike for the upper income bracket well get you those details. Youre on a roll. Do you want me to pick this up tesla, yes, its true the model 3 is on its way and the stock market was higher earlier. Its given up many of the gains here ford and General Motors are powering higher after their auto Sales Numbers came out well tell you whats behind all these moves, coming up in fact, tesla says it looks like it wants to turn positive o
The very latest. A lot of action there as anticipated. And a Health Care Proposal from republican senator ted cruz is gaining apparently some traction on capitol hill well have details on his amendment, proposed amendment and reaction from the ceo of mt. Sinai hospital lets get to our jon fortt, shall we, beginning with some big job cuts over at microsoft jon is in san francisco. Jon . Reporter yeah, kelly, microsoft set to cut thousands of jobs as it focuses its efforts on the cloud, reorganizes its sales operation around that. Its going to be less than 10 of its overall sales force of just under 50,000 people, but cant get a lot more specific than that. Also, some corporate functions connected to sales now, most of these jobs are going to be overseas more than 75 of them. This reorganization, think of it in terms of a different way to approach selling cloud to the enterprise, to finance, to health care. Lots of different specific Industries Microsoft trying to have subject Matter Exp
Unexpected rant about gridlock in washington. Boy, was he well hear what he said. Well let you listen to it. And wells fargo shares are under pressure after the banks disappointing revenue numbers. The companys cfo will join us. And after the bell, paypals chief executive officer will join us in a cnbc exclusive. That stock hitting an alltime high earlier in the wake of its new apple partnership. Well get more details in the next hour. Lets start though with this news that broke in the last hour regarding sprint dow jones reporting that the Telecom Giants chairman engaged with Warren Buffett and cable mogul john malone about a cable investment those talks reportedly happened in sun valley, idaho, at the ellen and Conference Company conference where Julia Boorstin has been packing up and getting ready to go and hang around, julia. There may be more news breaking here so we all know that they were there but you havent been able to confirm whether the conversations we were talking about t