Bonds as we get q2 gdp this time tomorrow. Earnings, the busiest day of the season. Majors like facebook and ford on the move, dow chemical, inside look of the quarter from andrew. Hey, you get on to my cloud. Oracle buying netsuite for 9. 3 billion citing strats youlike synergies. The final day of the Democratic National convention ringing endorsements for Hillary Clinton from the president and Mike Bloomberg last night. The candidate takes the stage tonight and we will go live to philadelphia. First up, facebook with a massive earnings beat that has the stock set to hit alltime highs this morning. Eps 97 cents, beats by 15 cents, 6. 4 billion in revenue, monthly active users 1. 71 billion an mobile continues to grow, mobile ads 84 of the ads that facebook shows. Mark zuckerberg stressed video again and again on the call. Even turning a question about pokemon into an answer about video. Take a listen. One of the big themes were talking about here is becoming video first. Right. And as
We can see the s p looking some muted reaction this morning. Perhaps today will be a quiet day. How did europe do . Lets show you and see how it is doing. The markets wont close for a few more hours. There is a look at the uk. And germany and france. All of which are in the green. One week ago, a very different story, wasnt it, as you look, that still takes your breath away sometimes. 1. 419 on the 10year. Its 2016. Halfway through. Those people who get older, those ones, those guys who get in their like 50s and 60s have no place to invest. No kidding. No kidding. What do you do . Municipal bonds. Its a problem. Whats this we, you stuff . Ill be there soon enough. All right. Our road map this morning, starts with the first trading day of the second half where the market is heading as we turn the corner, oh, man, second half already. Hershey rejects a 23 billion takeover bid from mondelez. First we told you about that yesterday. The question now is, well what is next . What does the tru
Enough to hear what people attribute stock markets moves to. Everybody atrilktds it. The crazy stuff. The cause and effect. Thats no crazier. Hes not a trump fan, really, but his point is that since brexit t mark brexit, the market has been straight up. Its also koicoincided with tru getting the nomination. Thats his point. Although he talks about the social and situational risks of admitting that you were voting for trump. Holeman has been, at the end he says trump still has to convince conservatives that its okay to put their faith in him and talking. The fact a lot of Business Leaders are voting for him, but dont want to say theyre voting for him. Exactly. We might want to have holman come back. We dont need to debate it. People can have opinions. Everybody can have an opinion. You dont need to try to undercut his opinion. Unle. S. Equities trying to undercut the futures this morning. Dow open 7 points higher. S p 500 up 9 points higher. The nasdaq up about 28. 5 points higher. Wher
Be wary of . All things to talk about coming up here. Plus, speaking to a top strategist for a take on which sectors could be big winners of the uks move to leave the European Union. And one industry really hurt by brexit has been the cruise lines. Coming up, carnival ceo with us telling us how the uks plunging pound could affect his companys bottom line in a little bit. Also, nike set to report earnings after the bell and give investors a good read on the state of the consumer spending. We will have instant analysis of those results here on the closing bell. Lets start with rebound and whether its a head fake or not. Bob pisani, what say you . For the most we are doing well and going into the end of the quarter. Just off the highs of the day. Oil is moving up, as well, in the middle of the day. Take a look at the sectors and tell l you whats important. Most beaten up sectors in the quarter moving. Bank stocks and retailers that are horrible and restaurants and thats the jets, the airl
Economic outlook has deteriorated and some Monetary Policy easing will likely be required over the summer. Reporter now he seemed to imply that was more likely in the august meeting than the july meeting but well have to wait and see when that action comes. The fall in the pound has allowed some of the exporting names in the ftse 100 closed higher today. Some sectors still under performing. Heres what the governor of the bank of england had to say. With the Capital Requirements of our largest banks ten times higher than before the crisis. Moreover the bank has tested against scenarios far more severe than the country currently faces. Reporter the governor of the bank of england. The other big story of the day is on the political front. We know all five contenders to be the next prime minister, the main headline is that Boris Johnson is not one of them. Guys. All right. Thank you so much. Im joined now by joe and josh and rick. Guys, lets kick it off with the news here. It seems like th