Is it once the best of times the banks, tax and industrials and its the worse of times if you own the drug stocks or anything retail. This stock economy plays out every single day the dow loss 85 points s p clime 2. 3 and nasdaq 3. 0 a sale on j. C. Penny, a sale there was nothing rev latory about either call. There was an element of sorts well sartre you have to wonder if the retailers are condemned worse than death city says j. C. Penny is whithering, that they cut expenses to the bone there seems to be no way out macys, one word, one word got us going its worried about the dividend. Stock of macys been hanging on because its 8 yield the Balance Sheet not so bad, but city says macys not the option outing to cut its dividend just the few years ago the stock was in 70 bucks, the talk about macys selling off the real stake. Now at 18. 34 it almost feels like its too late i thought the report was too down beat, the ceo jeff start a honeymoon in this. With this downgrade, it made me feel
Clapper reiterating the lack of evidence of collusion between russia and the trunk campaign. The electronic spin on sites could soon expand its u. S. Officials reportedly considered adding restrictions on larger devices to both europe and the u. K. Grandpa stressed the action. So for earnings for the s p up 14 . Disney, the company set to report after the bell today. Analysts expect earnings of 1. 41 a share. 111 and change. Red america looks like this. Again at the opening trading. Investors at 20point yeah volatility is up with something to wch today. The volatility index closed at their lowest level since 1993. Europe stocks are higher. Kids across the board are two thirds of 1 as it did the eax index in germany. Overnight markets were mixed. The cost be in korea closed president ial vote. The first trillion dollars company. High expectations of apple. The market cap 800 billion yesterday. Join me to talk about it, dagen mcdowell. Wall street Global Economics editor, jon hilsenrath.
Worldwide exchange. It is Throwback Thursday and we are throwing it back with repr rep replay so that is what youre listening to and also a very positive day for markets to reflect upon yesterday. Lets have a look at the futures. Of course this comes off a day where we did see futures before the open respond very positively indeed to Janet Yellens prepared remarks we had over 1 gain for the nasdaq which led the way higher. About 0. 6 for the dow and s p. Tech was best performing sector up 1. 3 . All sectors were positive but financials were the least impressive and that was in part because yields did slip in response to the dovish comments from janet yellen the dow up 32 this morning, nasdaq 30, s p 5 so that positivity is continuing lets have a look at the ten year treasury note because we did see the yields slip back down towards 2. 3 on the expectation of more gradual rate hikes, and more importantly that the peak of the rate hike cycle may be lower than past worth noting that weve
Trade, britains only surviving cloth hall opens after a multi Million Pound renovation. Good morning. Its tuesday 1st august. Im julian worricker. Welcome to bbc Newsroom Live. British gas has said it will increase the price of electricity for the first time in nearly four years. Its owner centrica says Electricity Prices will increase by 12. 5 from 15th september. 3. 1 million customers will be affected. But the companys gas prices will be held at their current level. The average annual dual fuel bill for households on a standard tariff will rise by £76, up by 7. 3 . Ian conn is the Chief Executive of british gass Parent Company, centrica. He explained why the price rise was necessary despite a decrease in the wholesale cost of energy. First of all, the last time we moved our Electricity Prices was in january 2014 and since then they have been held flat. From that time, and you are correct, wholesale prices have fallen, we estimate about £36 on an average bill, that is not what is d
Before we get to markets and , President Trump talking about airlines doing a amazing job under foreign pressure. Spoke with executives which does not include the ceo of American Airlines. He says Foreign Airlines are supported by the government and he is telling airlines and airports that we want to take care of you, reiterating his critique of obsolete, in other news he also says he will announce something on taxes in the next two to three weeks and he says airlines are related as much as anybody. We will bring you that meeting playback as soon as we get it. 30 minutes into the trading day. Julie hyman is here, with the latest. Julie there has not been any reaction in Airline Stocks to some of these headlines coming out from the meeting. We are seeing a bit of a bounce back in u. S. Stocks. All three major averages up between a fifth and a quarter of 1 . Lets talk about what is driving of the driving those gains. We are still in the midst of earning season. If you look at some of the