Economic leader. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by and the william and flora hewlett foundation, helping people build immeasurably better lives. And with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff this final day of the Supreme Court term has revived a controversial item on President Trumps agenda his travel ban. The justices announced they will hear arguments this fall on the constitutionality of the ban. In the meantime, they reinstated a limited version of the order, affecting travelers from six mostlymuslim countries. Mr. Trump lauded the Supreme Courts action today as a clear victory for our national security, adding we explore the legal, and practical implications, with our regular Supreme Court watcher, marcia coyle of the national la
Good monday morning. Welcome to squawk alley. Were at post nine john fort is live at one market in San Francisco what a morning, guys, for the first day of the second half of the year not only is the dow set a record high, transports setting the first record high since the beginning of march but you have the ten year at 234, above levels that they said were critical. What does this say the dow, the transports, financials, its coming to some degree at the expense of the big cap techs. Seems like a first of the month effect june if you remember, june 1st, market was up. 75 you have the 2430 in the s p 500. You closed june below. That it seems like a rush of money. People looking for that rotation to continue into july. Does it count on a shortened session . I it this prices count do we have a majority i dont know exaggerated on some level in term of the magnitude of the lift especially after the open certainly got our attention well see if we get any followthrough after the holiday. Join
By a fraction of a percent crude oil, this is the one weve been watching very, very closely. We have wti down by 1. 6 brent it down by 1. 5 . This is quite a rebound from the lows back in june. We are up by 12 from june 21st lows so staggering move in just a short amount of time weird. Weird to see the dow so strong and the nasdaq so weak thats been happening more the nasdaq had been stronger on a relative basis then the rotation happened. I dont know what it means. Maybe its healthy this is scary and not healthy. Maybe the meeting is good, but the reason for it frightening. The u. S. Requesting an emergency u. N. Security Council Meeting today after north korea tested an Intercontinental Ballistic Missile. The missile could put all of alaska, so mainland i dont know if you call that mainland, but pretty close late yesterday the u. S. Military said u. S. And south korean troops fired missiles into the waters off south korea in a show of force back that way apparently it can reenter the
Percentage point the shanghai up by 0. 4 . In europe in the early trading, you will see green arrows across most of the major indices. The dax is up by a half percentage point, the cac in france up by a quarter percentage point crude oil prices which were up sharply yesterday, are down by two cents. Wti about 47. A couple big stories were watching this morning. Shares of tmobile are moving higher the Company Reported earnings of 67 Cents Per Share beating estimates of 29 cents. Revenue Beat Estimates tmobile added 1. 9 million new cust nomers in the quarter. Facebook confirming its working on a subscription feature to let publishers charge for stories on the social media site this could take pressure off of them in terms of the battle with the news industry. The pay wall will be available through instant articles starting in october. It would likely kick in after a user reads ten articles in a month. Facebook shares up 15 . On the wall street agenda another flood of Earnings Report abb
And showing your support some ways you do. So thank you very much. [applause] now i on to what we do. We are so happy to have this incredible panel of lym marys from the world of politics and journal. You. Who we know are going to give us all of the exact answers. To what has truly been one of the most bizarre and we did air the president ial debates here at politics and prose, all three of them. We were kind of surprised how packed the store was itch guess i dont owhether to say this is but anyway, we were mobbed. And it just showed the interest and intense engagement over the past really year and a half around the election. So, were really grateful to follow that up with a panel of experts from cnn who will discuss the election and its aftermath. I think you recognize all of them. They were all mainstays to the coverage through the came pain. On my far left, on your right, is brian setzer, the owes post of the show about in the news media. He covered the media for the New York Times