Invidia are focused. Our road map begin with stocks having the worst day in months as tensions over north korea rise the president tweeting that military solutions are locked and load. Dispinting earnings despite the fact that it added 7 million daily users in the quarter well dig through the report plus awkward moments on the Conference Call. Shares of jcpenney said to open at a record low well take a look at the future of that company and of course retail at large. Straight to the markets coming off the worst day for the dowt s p, the nasdaq since may 17th the rising tension between the United States and north korea although being balanced out today by this inflation data that we got in the earnings. Everyone looking for whether yesterday was going to be a one day jolt or not. Seemed like a different tone maybe a change in character for the market you didnt have a late day rally. Closed on the loes of the day. Sort of more sensitivity for the north korea headlines than had been befor
Away from the open. The brexit news crashing over us this time last week. Lets talk about how we will open this morning. The fair value points to another reasonably positive start to the session. Bythe moment, the ftse is up a half a percent. Thato, click this, and will give you the fair value calculation. England will have a rate cut within months at the tries to shield the u. K. Economy from the shock of leading the eu. Mark carney said he wont hesitate to act. He is considering a host of measures. It seems plausible that uncertainty could remain elevated for some time. There could be a greater drag on activities than we expected. Moreover, the effect will be reinforced by tighter financial conditions and possible negative spillovers to growth. Japan, another lackluster month for the worlds thirdlargest economy. Industrial output fell. And Household Spending stagnated. Inflation also fell from a year before. Andfacturers are confident held steady. The survey was almost wrapped up by
Worldwide exchange. Im sara ieisen. Im wilfred frost. Good morning from me as well. Looks week were building gains globally. Dow futures up a nice 83 points in hour. Nasdaq futures up 26. The buying continues despite the wall of worry. First the chinese currency, then plunging oil prices, then the brexit, and yet stocks making new highs. As for the 10year treasury note yield has been the trade for the last few sessions. That continues and pushing up the 10year treasury note yield into the 140s. Where were was last week, 132 a record low. So youre seeing that reverse just a bit. Still historically low yield. Overall, weve seen buy pg of both assets. That does suggest although weve hit record highs on the s p 500 its not out of conviction and confidence moving forward because were seeing buying of bonds as well. Or it could be that yields have gotten so low in the u. S. And around the world that theres nowhere else to go. You have to go to the s p 500 which many stocks are still yielding