Outperforming. The Philadelphia Semiconductors index outperforming. This rally on trade optimism set to resume u. S. And china set to resume talks in october and strong Economic Data with jobs and services. We are seeing a rush out of safe haven assets. 2. 2 . Utures are down you can see the big like lower came one week after the Services Data around 10 00 this morning. Gold is trading around its lowest in two weeks and it is on pace for its worst day since june of 2018. Also selling off is another safety asset. U. S. Treasuries. You have the u. S. 10 year bond yields searching 11 basis points. A lot of selling and bonds. This is the biggest move upward in yields we have seen since january. Investors are selling bonds. That is helping financial stocks. Banks getting a boost from the higher yields. Also getting a booster the tech stocks, particularly the semiconductors. That on pace for the best day and a number of months. Individual stocks moving higher. Nvidia up 5. 5 , macron up 4. 5
Someone like Elizabeth Warren has been critical about how democrats in the 1990s negotiated nafta. It is all about having that breakout moment to get into the top tier of the democratic field. That is what some of these lesserknown candidates, someone like a Pete Buttigieg or a castro, they are trying to make the case they deserve to be taken seriously as someone like biden or warren or sanders. Look for that to play out, and just quickly, folks here are fired up from the base of the Democratic Party. I interviewed linda and lawrence bell, they traveled 19 and a half hours by car from texas just to come to this debate. They say they like beto, they like, let harris and even Elizabeth Warren. David that is impressive. I hope you do not have to drive from washington. I want to go to the Robert Mueller announcement. Lets turn to anna edgerson in washington. You normally cover capitol hill. Give us a sense on capitol hill what are people expecting hoping for coming out of the g20 in osaka
Comments from reid hastings. I hope youre hungry news on dominos, wendys a bunch of Food Companies and throw dupont in there, if you wanted. Thats what they want you to say. Sorry, kids, no more kids meals at taco bell. Will other fast food chains follow . Well start with dupont. Shares on the rise this morning. The dow component beating the street with 1. 28 and revenues coming in a bit shy of consensus. Dupont considering a sale or a spin off of its chemicals business. Ellen spoke about that unit earlier on squawk earlier this morning. Volumes were up sequentially year over year, but off from last years market. A cyclical and volatile segment for us. Thats the segment that is undergoing review of strategic alternatives. Second largest sales generator, jim, behind aggs. She has not spoken to nelson peltz yet. This is one of these moments where it makes a ton of sense. If you listening, the stock was at 54. You just caught a 10 move. What is important here is that a lot of people felt
The "buy" or equivalent ratings, from brokerages including J.P.Morgan and Goldman Sachs, are a vote of confidence in Arm s plan to grow revenue by charging higher royalty fees and increasing its share of the cloud and automotive markets.
The flurry of recommendations marked the end of the quiet period for the almost 30 banks that underwrote Arm’s float, which raised $US4.87 billion for SoftBank.