And s p plummeting 1. 22 and nasdaq nosediving 1. 20 . I know they are bad but it was worse at one point, everybody in wall street is searching for Companies Strong enough to tran send the day to day havoc and there is a lot of havoc to tran send we opened on fears the Chinese Government might need to crackdown and send in the army, the poa, the coolest situation down then buyers stepped in to take advantage of the pull back after all, so far china hasnt done anything serious and nothing but a negative note by Goldman Sachs about a possible slowdown and the economy then those buyers who came in got blasted. Next thing you know, bonds are taking off again and Interest Rates are falling hard and we get hit with an all too familiar freakout everyone is worried there must be something very wrong in the Global Economy if rates keep falling. Doesnt matter if it spurs commerce supporting a 1. 64 yield and going down so much in yield. So quickly it is pretty incredible, isnt it wow. Why do inv
On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june retail sales, import and export prices as well that all hits at 8 30 a. M. The other big event on the planner is big tech is back in washington today the house judiciary subco
People who live in the tenderloin express themselves as best they can. We have a budget of 12. 3 billion dollars, and i didnt know in your mind how you can do a Needs Assessment with all the things that the tenderloin needs and you give them a dollar. You must be ashamed of yourselves. More after hearing the concerns of all the organizations that came here to give the tenderloin and the neighboring neighbors addons. Supervisors, you must have empathy and you must have compassion. If you go to the tenderloin, you see practically every nation on this earth represented. So why cant we set aside 500 million to improve the tenderloin . And we have an example of some people that are giving a dollar and they spend thousand dollars and most of it is coming from their own pockets. Think about it. Thank you very much. Thank you. Any other speaker in support . Hello. I have a studio in the tenderloin that i could comfortably afford, but i chose to live inside of my car outside the tenderloin inst
You have heard many of the people who live in the tenderloin express themselves as best they can. We have a budget of 12. 3 billion dollars, and i didnt know in your mind how you can do a Needs Assessment with all the things that the tenderloin needs and you give them a dollar. You must be ashamed of yourselves. More after hearing the concerns of all the organizations that came here to give the tenderloin and the neighboring neighbors addons. Supervisors, you must have empathy and you must have compassion. If you go to the tenderloin, you see practically every nation on this earth represented. So why cant we set aside 500 million to improve the tenderloin . And we have an example of some people that are giving a dollar and they spend thousand dollars and most of it is coming from their own pockets. Think about it. Thank you very much. Thank you. Any other speaker in support . Hello. I have a studio in the tenderloin that i could comfortably afford, but i chose to live inside of my car
Pretty much unchanged, but a few stocks are moving quite substantially, including gilead appliances, up, making a 5. 1 billion investment into europes galapagos. Theill be working more on inflammation joes, this is the hepatitis c drug goes away. Broadcom is up one and three quarters percent, that is up on the idea that the broadcom deal may not take place because talks have broken off. City group has turned itself around, the first of the megabanks to report this week. Some good elements come and some less good elements. Meanwhile, one of the major events overnight was chinas gdp growth coming in at 6. 2 for the Second Quarter. For more on the impact of this and of the Global Economy, stephen king is joining us, he is a senior Economic Advisor at hsbc. Talk to us about the china gdp growth number. It is not seem to be impacting markets much. Do you see Warning Signals . Agohen 6. 2 a few decades would be remarkably weak, but by the standards today, not bad. I think that the chinese wo