Started arresting protestors ahead of the Third Straight weekend of protests in Hong Kong Shanghai composite finishing the day in red european european equities here we are higher across the board german dax is up by almost 1 and almost 1 gains in france as well as for treasury yields, amazing to think that the ten year yield was at a three year low earlier this weekend 1. 443 were now at 1. 526 with the two year 1. 544 so the inversion remains exact. A new journal piece says that states attorney generals are taking issue with that proposed opioid deal with purdue. It will settle with a 2 billion settlement it will link much of that with future sales of oxycontin. Some states want the family itself to guarantee a larger cash payment up front. Others didnt like parts of the plan that calls for purdue to claim bankruptcy and emerge as a Public Benefit company theyll ask for an update today about where negotiations stand, he said he wants at least 35 states on board although a deal can mo
Trading days of what is shaping to be a weak month in quarter. High pressure this morning after it offered weaker than expected. Sanjay mehrotra will join us later this hour. And a Company Named ryan cohen as ceo. Lets begin with the markets. We mentioned what the yields were doing today. Jim, 50 basis points. I said that we would have the d inversion and that you couldnt really be excited about the stock market until the 20year, which is at 4. 1. It is now at 4. 98. Crosses over the feds fund rate. That would be where you can finally say this market is getting interesting. It is oversold. But we cant seem to find any supply of oil near 100. 100 is supposed to bring out some supply and in the oil companies. But i dont want to give up here because this run has been so bad and it needs to consolidate. Heres what i will come up with. We will have a test, i believe. I actually know the time, 1 43, 1 42. Thats when we bottomed yesterday. Actual time of day. That was yesterday, youre saying.
Protesters torched government buildings. Is the market already starting to price in his departure . Less than half an hour away from the european open and i am not sure if we will see ripples from brazil although that story is important and fascinating. Take a look at futures, up across the board here. This is after we had new records in the u. S. Yesterday, gains in youn stocks as well and so see european futures gaining here. Also take a look at the bund trade. We have the yield coming off fairly substantially so investors are buying german debt right now im a pushing the 0. 8. Down to zero blowing out the u. S. German spread. Pretty ridiculous, our guests said as the german yields need to come up. That is definitely not happening today. The li na. That is something to talk about having an impact on the euro rates as well. Greece is on offer. Look at the Greek Stock Market down 2 . Youve equities broadly bid. The bloomberg dollar index is down by. 2 of 1 and the yen is often the euro
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors