Turmoil in Hong Kong Hits the swiss watchmakers first half sales. Chipmakers gain ground as Dialog Semiconductor raises its guidance and asml forecasts solid growth for the rest of the year good morning top of the hour on street signs. Lets go over some price action weve had over the last 24 hours ending with the wall street moves yesterday. What we saw on wall street is u. S. Equities slipped for the first session in four days the dow ending about 23 points lower. A tenth of a percentage point. A fraction weaker as we get into the heart of the earnings season the drops were bigger for the s p and nasdaq, but still about a third and a fourth of a percentage point the focus has been on earnings season with some of the key banks reporting yesterday. Goldman sachs, jpmorgan, wells fargo looking head we also get bank of america one of the ones you want to watch out for. As we were talking about, the focus is back on trade more commentary out of the u. S. President suggesting that they coul
His story breakthrough after 2 decades of negotiations but the deal is not without its critics. In brazil large areas of amazon rain forest are being destroyed to make way for cattle farms much of the meat is exported to europe. Now that the e. U. And south americas mercosur were block have struck a provisional trade deal it could result in higher quotas for b. Thank sports to europe. German chancellor Angela Merkel had pushed strongly for the lucrative agreement she hopes it will give a further boost to german industry for example through car exports i like many e. U. Leaders shes looking to multilateralism at a time when the u. S. Is pulling back from free trade. The Draft Agreement ends nearly 20 years of negotiations between the e. U. And mecca sewers full members brazil argentina uruguay and then now suspended venezuela but the deal faces hurdles before its approved Harsh Criticism has come from european farmers and environmentalists you have beef adduction brasilia 50 protection
Historic breakthrough after 2 decades of negotiations but the deal is not without its critics. In brazil large areas of amazon rain forest are being destroyed to make way for cattle farms much of the meat is exported to europe. Now that the e. U. And south americas mercosur were block have struck a provisional trade deal it could result in higher quotas for b. Thank sports to europe. German chancellor Angela Merkel had pushed strongly for the lucrative agreement she hopes it will give a further boost to german industry for example through car exports i like many e. U. Leaders shes looking to multilateralism at a time when the u. S. Is pulling back from free trade. The Draft Agreement ends nearly 20 years of negotiations between the e. U. And sewers full members brazil argentina uruguay and then now suspended venezuela. But the deal faces hurdles before its approved Harsh Criticism has come from european farmers and environmentalists you have beat that action brasilia of people to actio
Worldwide exchange begins right now. Quit playing games with my heart, with my heart, with my heart good morning, good afternoon, good evening, ask welcome from wherever in the world you may be watching. I am brian sullivan. Yesterday the second best day of the year for stocks, the dow soaring 500 points youre probably wondering is that rally going to follow through today . Lets go ahead and find out. Right now at this 5 00 a. M. Hour, we do see a little bit of a continuation of yesterday, dow futures up80 points. Were not soaring on the futures. No ones saying that, but we are not seeing that drop that we had in may every time we went up we take two steps backment not the case today. We are on green across the screen for bonds or bond yields backing up a bit yesterday the fed of course all but came out screaming it might lower Interest Rates this year the benchmark tenyear not reacting too much, still very low, only five bips, basis points as we say in the biz. A similar story in asia
Nasdaq higher, 20 points s p 500 up a little over 1 point. This comes after declines for the major indices in yesterdays session. Dow, s p and nasdaq each closed lower by 1 . The s p 500 closing below its 50day moving average for the First Time Since march 28th. Look at treasury yields. See where theyre standing right now. The tenyear note at 4. 182 and the twoyear at 4. 908 , just below 5 . The tenyear yesterday hit 4. 2684 core inflation remained at 6. 9 , unchanged from the prior month, slightly above forecast. Pay growth continued to pose headaches for policymakers as wages grew 7. 8 in the quarter that ended in june were watching shares of cava this morning sharply higher the mediterranean restaurant chain reporting earnings per share of 21 cents since going public swinging to profitability from a net loss in a year ago quarter. Revenue of 173 million Beat Estimates of 163 million. Same store sales rose 18. 2 . The cfo attributing some of the strong traffic to increased Brand Awar