The tech rally still has room to run. Thank you. See how that works. Intels chief Financial Officer bob wan is back with us, talk about the chip anchors better than the expected earnings and concerns at rival amd could be taking a bite out of its business. They had to defend themselves on the intel Conference Call. Some of the analysts asking about that tremendous competition from amd these days. Yeah. Well ask him about that so lets begin with amazon still weighing on the tech sector. Bertha coombs has more. Reporter following that earnings misamazon seeing its worst day since early june selling off on pretty strong volume and thats providing the biggest point drag on the nasdaq 100 but amazon is coming off an alltime high just yesterday and shares are still up fractionally for the week and in fact up 6 with one more trading day left here in the month of july. The impact on bigcap tech is somewhat muted the major tech indices are down fractionally and treating volume actually isnt ref
It wrong when it comes to inflation . Lets have a look at what is happening to european equities 30 minutes away. It is mixed today, some up, some down. Bondorex front, commodities and cbs is your final three columns. Factoring manufacturing and construction causing a temporary blip. This chart very clearly shows, industrial. S gdp is strong orders pointing to a pickup in manufacturing. It is unlikely a turning point for the german economy. Business confidence is at a high. Lagging domestically behind france, spain, and italy for the first time in 12 years. I thought we would track the cac 40 against the stoxx 600. The blue line is the cac, the white is the stoxx. Here is where we knew the results of the first round of the president ial election. That was the high of the cac 40 this year. Macron emerged the winner. That was the highest back then since 2008. The european benchmark is up by 7 . The stoxx 600 is up by 5. 6 . Just as gold was gaining ratingthe payroll on the parade. Hedge
I am Courtney Reagan. It is your birthday and sara eisens birthday. Bill griffins as well. Thats cool what a day, august 7th shes doing closing bell later with bill. Wonder if we get cake lets get to the Global Market action futures pointing higher at this hour another week of gains for the dow. Last week up a third percent friday taking it to 1. 2 higher for the week nine straight sessions of gains in a row for the dow last week goldman, sachs had the biggest impact, best returning sector in the s p 500. Only had small gains and nasdaq was lower for the week this morning, pointing at slight gains. 23 points for the dow. Ten year fresh renote, not much ending at 2. 6 2. 27 on the ten year treasury note more on markets in a moment. First, getting reaction from the white house. New economic sanctions against north korea. Tracy potts is live with that from washington. Reporter good morning. Reaction from north korea saying theyll take righteous action against what they think is infringeme
Stretches you. But really it is about weight. If youre in perfect shape like andrew, you get away with it i still need to lose about 7 pounds i am being honest. Full transparency. This tailor pulls it in. Lifts and separates. Sounds like stuff i wear. Lets look at equity futures. Best week for the dow since may. Ninth consecutive gain in a row closing another new high friday. Lets check out what happened overnight in asia. Friday after you saw better than expected jobs numbers, saw a pop of the stock market here, carried out in what we saw with the nikkei which closed just over 100 points. Hang seng was up, as was shanghai composite europe, early trading, at least now looks like things are relatively flat for most of the major indexes. Big decliner dax down crude oil was flat, closing below 50, within striking distance this morning, decline of 1. 5 . Natural gas is slightly higher this morning, natural gas saw the worst week since june, down more than 5 . Get you caught up on big stori
European markets you asked we answered. Theyre a mixed bag with the ftse up ever so slightly this morning. The ten year note yield did move around on friday and we do have it now at 227. Right around the same levels it cant get through it. Too much future selling and boy did that group collapse. It did. Lets talk more about that and other things including our road map which is going to start with stocks seeking new records. The dow is on track for its 10th straight at aly gain and plus, paging inspector gadget. Apple nearing the release of a new watch version which can make calls directly. Right. There you go soft bank ceo providing speculation about a sprinttmobile deal continued speculation about a charter deal well try to wrap all of that up and add some insight and new stuff. Well see. The s p 500 one point away from the record closing high. The nasdaq is in the middle of a two week losing streak. Amazing. It is. March of 2,000 is what people keep saying. The difference is cash pos