In the cards after all. After defaults following the brexit, we are coming off of that and hovering near session highs. The nasdaq is the biggest gainer, up by nearly 1. 5 . The s p 500 up by nearly 1 . The ecb coming out and saying will takerexit markets down by about. 5 , not having much of an impact on markets right now. This is the imf function. It looks like right now seven of our tens vectors are in the green. That had been higher, eight or nine out of 10 in the green. Losing a little bit of air right there. Staples and utilities flipping into the red. Were negative most of the day. Energy and financials were the biggest leaders, with energy up 1. 7 percent. Lets go ahead and take a look at the bloomberg commodity index. It is higher on the day. 80. 15 is the number we are at. Off a fourweek low led by energy, specifically natural , as well as industrial metals. Lets take a look at what happening on the energy board. Both rising. Nymex crude up 2. 5 . You will remember it did los
Slightly. I always thought the yellen fed had a way of not making waves in the market. Despite the fact that apple had a giant leap. Oday that is one stock to keep an i on. Falling bank is concerns about whether the turnaround will deliver. They are still weathering cost but can they, generate enough income from their Investment Banking business to turn the ship around. Board. Lower across the they have whipsawed a little bit in the immediate aftermath. The grind lower continues. The yen is selling off. Everyones looking ahead to big centralbank meeting friday. The boj is up next. , the economy grew faster than expected before the brexit made an impact on the real economy. Economists are looking for gdp to fall this quarter and next. Lets talk about oil. Joe its starting to tumble. It was below 42 at one point today. ,t has been trailing off inventory piling up. That seems to be the story. They moved in the same direction. The story over the last month has been oil declining and the ov
Movers this morning, grow upon shares as that Company Reports a smaller Second Quarter loss and raises full year outlook. Adding more than 1 million new customers. Thats the most in two years. Stock is up by 23 and ceo will be on squawk box in an first on cnbc interview. That is at 8 40 a. M. Eastern time. Amgen tops estimates. That stock basically unchanged. Cheesecake tractfactory repg better than expected profit. Still upping stock buyback plan. Up about 1. 5 . We have more here. Groupon. Is that going to be around . We are going to talk to the ceo and i suspect he will tell you he plans to be around. It was 25, 25 dollar stock once so its up today. Is it are a real. Its a real company. I bet the 6 billion offer they got from google a few years ago is pretty good right now. Lets talk about alphabet. Google now is a verb. Its probably known in every language. Then there was another one that decided changes the name. And totally ruins years. P when you say alphabet, i know its google,
Lag last years reports. What that means for the markets. Softbank buying arm holdings for 32 billion in cash. Well give you the details, some insight and context on this massive deal. Republican National Convention kicks off in cleveland. Whats on the agenda and what surprises could be in store . But first up futures on the rise to kick off the week. The dow and s p near alltime highs. Markets largely shrugging off the attempted coup in turkey and on a busy week of earnings, b of a beating on the bottom line, 36 cents versus estimates of 33. Deposits up 5. 8. Some of the metrics not matching those of its peers, jim. But still, this is a grind out quarter. Return on equity, getting double digit. What i liked best about it, really, this is kind of interesting, this is a company thats well ahead in mobile and you have an amazing decline in branches from 6,000 to 4600. Yeah. And that is because people are rapidly adopting mobile. Interesting brick and mortar story where you have still one
Important to know the approach were taking here. Are there costs to be cut . Yes. Are the things we can do to become more effective . More efficient . Yes. But i also believe the Postal Service is a vital tool of commerce and a thriving vibrant, productive Postal Service is essential to our economy. We cannot ignore this. Think about the world of the internet, think about the way commerce is moving, the way we communicate, how we send bills and kmoocommunicate as a nation. You have to have a vibrant, thriving Postal Service to achieve that. Thats why i think so many people are here today and rithser one of the most important things our committee will be addressing and taking care of and thats the goal and what were trying to achieve and i thank you all for being here. We should have a good hearing today. With that, Ranking Member, mr. Comeings of maryland. I want to thank you for your hard wi hard work and staff on both sides working so hard for a long time to try to resolve the many c