Ban on huawei. Grounding may have serious implications for boeings future credit worthiness. Shery lets get you started with a quick check on how markets closed in the monday session in the u. S. 3 , as we rallied had tech shares leading the gains. The Philadelphia Semiconductor index up 2 . We had some positive trade news on the u. S. China front, not to mention a time of earnings and analyst calls. Apple being the biggest win on the nasdaq, up. 7 , with Morgan Stanley boosting its price target for the stock. We had Energy Shares gaining ground with crude jumping the most in more than a week. Tensionsanu. S. Ongoing in the middle east. Lets see how things are shaping up for the asian market. Pointing tores are modest gains in toto, sydney, and seoul. Tech firms very much interview with optimistic call travel and macron plus micron plus. On the koreajapan parade fund, governmentont, a official from south korea reportedly said the country is preparing a plan for a Semiconductor Test to
The various things that they make, and i said that thats okay that we will keep selling that product. China logs the highest close since the end of april hopes rise for an end to the u. S. china trade war Deutsche Bank shares also jump as sources tell cnbc the german lender will consider up to 20,000 job cuts as part of a Major Overhaul and crude extends its gains after iran signs off on a saudi russian plan to continue production cuts, but some Oil Ministers are unhappy the decision was made without them if opec wants to be alive, should decide inside opec, not to receive their instruction from outside to bring you the latest numbers from the eurozone in terms of manufacturing pmi the month of june, final numbers, they have come in at 47. 6 that is against the preliminary number of 47. 8 and thats against the 47. 7 number we saw for the final back in may remember, those numbers are the fifth straight month of contraction factory output, new orders seeming to deteriorate steeply and th
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
Arrivedtwitter ahead of trade talks, raising the presence among the american people. Shery later in Bloomberg Technology global link, ibm closely 34 billion purchase of red hat, sealing the worlds secondlargest tech deal ever. Will this help ibm catch up in Cloud Services . We will discuss. First, a quick check of how the markets closed in the u. S. The s p 500 pushing higher. In the last hour or so of trading after fluctuating between gains and losses. We have fang stocks meeting the gains. We saw some declines when it came to the consumer staples. Not to mention material stocks that led the gains. We have the dow unchanged at the toent, falling slightly down 26,783. Investors still bracing for powells testimony to the house tomorrow and the senate on thursday. Lots of Central Bank News this week. Fed minutes on wednesday, ecb minutes on thursday, and Inflation Numbers on thursday. For the time being, we are seeing u. S. Futures unchanged. Investors being cautious at the moment. Lets
The door for shale producers to grab more market share. We are live in vienna. Good morning. Welcome to daybreak europe. It has just gone six clock a. M. In london. Manus cranny is in vienna. A long night for you. Youre looking fantastic. Update us on what is going. What is the mood music . Manus two messages they wanted to convey. Certainty and continuity. Meeting rathons marathon 10 our meeting from opec. Theres a word that the Saudi Oil Minister wants you to focus on. The commitment to a ninemonth extension of unequivocal, very solid, very strong. Not only are we committing rollover, the individual commitments to conformity from all countries word, it is that unequivocal. He is the central banker of oil. That is his commitment, to continuity and certain. The fragility of geopolitics, the frailty of Global Demand, it is counterbalancing that that is the message they really wanted to convey. They also moved the fiveyear target. Nejra you could argue the fact that they really wanted to