Plus what to exfrequent the market over the next six months. Hes making some unexpected calls from foreign leaders lots of news happening on the auto sectors today plus the new tesla model set to hit the streets at the end of the month. First up its the first trading day at the second half of the year. Futures pointing on whats likely to be a low volume day. Market slows today due to the 4th of july holiday. Well get a few notable pieces auto makers will be out with june sales throughout the hour and the president tweeting about the state of the markets and the economy. Wages will start going up. It has never been stronger actually pointing to a narrative that some believe will be written in the second half if we finally start to see another kind of reinflation trade. Or if they dont. Theres actually movement. Its incredibly dangerous im superstitious to tweet about how high the market is the same to me is just tempting fate. Why over saying its like peace for our time and i think its
Systems, bringing it a new chief executive. A month ago, didi received 1 billion investment in apple, now 600 million. Investors are waiting on the fed, the boj, the bank of england. Taiwana, singapore, and start off their trading week. It is a central Bank Waiting Game this week. A bit ofeing quite trepidation ahead of those key policy meetings. Malaysia, singapore, and taiwan joining in the selling. We are still seeing significant weakness from korea, japan, and new zealand. Australia closed for the queens birthday holiday. Is leading the losses in the region. Now at onemonth lows. All of this trepidation has seen a big surge in the, so stocks under pressure, weakness and Commodity Prices weighing on materials and energy players. Out of the 225 stocks on that index, only two are in the black this morning. Korea down by 1. 5 , and new zealand off by. 5 . Futures are suggesting weakness from china and hong kong when they open at the bottom of the hour. A big week, chancellor Angela Mer
4. 5 billion stake in phillips 66. Well get to all of it and a lot more. Futures are falling as we ring the last opening bell to the month. The bells are saying good rid kans to august. The nasdaq down its the worst month since may of 2012. Well see whether or not we finally get the weeks were used to having in august which are not nearly as exciting as last week. The market is very thin. People making a lot of big moves in a market that is not that stable, but i would point out that we have to get used to this. Last night the futures were down 25. There was nothing going on. China wasnt that bad. Stanley fischer, i felt was consistent with friday. It was a speech about inflation. And what i really want to point out is that we are down a lot on a lot of stocks. If you revisit last tuesday, almost everything is down. We have to start recognizing the market is pricing in whatever the fed does even though you may hear that only 40 say the fed is going to hike. Theres way too many stocks d
That is good news, right . Industrial production came in line and we saw Consumer Sentiment swept of a little bit. American express, visa and exxon leading the way on the dow and keeping an eye on ups. Shares have been down, the company warned 2013 numbers are going to be a little weak. They did handle record amounts of packages ahead of christmas it was after christmas that the company hit their margins, had a slew of borders, tried to keep up and face tough weather conditions. 1. 5 for ups. Ashley thank you. Lori is not just ubs, elizabeth arden, soda stream, lulu lemon, game stop among Companies Cutting their earnings forecasts. Negative sentiment crazy high on wall street, 96 companies on the s p 500 issue here earnings outlooks for the Fourth Quarter. They are well below wall street consensus. Corporate america at its most pessimistic level ever. David lucks is managing director at stifle nicholas. Market watch had this great title, warnings that record high so they are asking is
Issue basically in france right now, 11 unemployment. Japan suffers the first negative effect of the sales tax hike in april. Retail sales in the country fell at their fastest pace in three years. Youre watching worldwide exchange. Bringing you Business News from around the globe. A warm welcome again to todays edition of worldwide exchange. Lets get to one of our top stories straight away. Apple is buying beats electronics for 3 billion to boost its music business. Streaming services encroach on itunes. Apple doesnt only gets beats streaming service and its market leading highend head phones but high profile talent. Beats cofounder jimmy ivin and dr. Dre, too. Now, apple expects the deal to close in its fiscal Fourth Quarter. Tim cook tweeted this photo, saying, sharing a laugh with jimmy and dre. Interestingly for apple here, what do you think of it . I think its an interesting move. Because over the sort of past 20 years apple has been very much seen as a product innovator. And this