One of germanys biggest weapons manufacturers buys thousands of old times, so well be giving them a call but, and then send to you. The gulf is welcome to the program, slovenia is cleaning up off the flash, flooding rabbits, the l. Pine country and claim 6 knives. Even chief elizabeth from the line is visiting slovenia today to offer support for the rebuilding assets and to see the devastation fast times. An estimate, its 2 thirds of slovenia, has 2000000 citizens has been effected by the flooding. The chief pledge to help from both brussels and from individual member countries. As soon as the leading Us Government called for your pin support, we activated the Union Civil Protection mechanism. 8th Member States responded to our call within 2 days. They have already made available 6 mo bile breaches for helicopters, fortune excavators, all with relevant cruise to help with the emergency today, for example, in turn i met with teams from austria, from croatia, from france, germany. Wow. A
Results at the bottom of the hour. Markets off their highs of the morning. We did have a little relief trade higher the s p was up more than 1. 1 at the highs, right back to that 4500 level thats been sticky the dow is closer to its highs of the month, actually and the nasdaq outperforming a little bit today as bond yields remain fairly tame, carl. Got the tenyear back to 3. 95 for a moment the vix back below 15 for a moment signs we had gotten used to in july we relaxed a little. The weekly claims is digestible but there was an uptick. Soft landing premise remains intact well see if the markets get tested on that assumption at this point cooler than expected inflation driving markets after that cpi report exfood and energy at lowest levels since october of 2021 but the probability of another rate hike in september down to 10 . Is the fed on the cusp of executing this soft landing many thought impossible joining us pimco managing director josh schneider. New data anything change about
Revenue still going. We will see how this develops. The Second Quarter sees europe shine with the sector moving 2 . Premiums will stay elevated to combat inflation. There is inflation pressure, but we have rate increases and those are we have the ben pefit from investmt income. And we await the latest inflation print with the Federal Reserve possibly looking to the end of the hiking cycle. And disney revealed a larger than expected subscriber loss. Bob iger pledging to sharpen focus. We are prioritizing our brands and franchises and rationalizing the volume of content we make and what we spend and what markets we invest in good morning. Welcome to street signs. Lets kick off with data from italy. These are the fresh numbers in july the final cpi for the month has come in down 1. 6 month on month against the preliminary estimate we have inflation up 6. 3 . That is a touch lighter than the 6. 4 forecast. In terms of the final july cpi index, that was flat month on month. Key inflation wa
Answers. Im kristen sze. Thanks for joining us. Uc Davis Medical Center has contacted the people who may have been exposed by a child who was at the hospital last week with the viral illness. This as the cdc wrestles with an outbreak nationwide thats hit 17 states, including california. Joining us live now is abc seven news contributor doctor alok patel. Doctor patel, its great to see you. Good to be here with you as well. Not so great to be talking about a disease that we eliminated in the United States in the year 2000, i know okay, so lets talk about how many cases we know there was 17 states affected, but how many cases . How many in california. So right now were approaching almost as many cases as we had for all of last year. Were starting to see a little bit more than 50 cases. But the one concerning feature is we dont know how many more exposures there have been or how many more that were going to see throughout the rest of this year. Very concerning trend. Okay. Lets talk about
U. S. Equities will open higher 183 points higher. Nasdaq opening 107 points higher s p looking to open 25 points higher treasury yields sitting at 4. 011. The 2year treasury at 4. 79. We were down five of six days in the s p that is the case sdplchlt to see th z to see the markets showing the cp oi print. You think the mood is a mini bear i do totally. People are looking at this and the question is not a break in the trend, but how much of a break . Let me take cash off the table. I have been waiting so long. I dont mean the rally is over we were talking to different people 10 pullback would be healthy. Down 2 or 3 from the highs, yeah i thought it was tom lee who was talking about that 100point week now more choppy. I wonder if were in the chop. I think we might be. We have the key inflation data due at 8 30 a. M july cpi expected to rise. 20 on the month and 3. 3 for the headline for the year. We also have my personal favorite with jobless claims. Why is that your personal favorite