Thinks there could be a demand problem. Power lunch starts right now the dow in triple sdwrdigits take a look at the financials. The worst performing sector today on track for its worst week since march it wasnt the drop. It was the rally ta got every ones attention. The dow has dropped 1200 points at its low this afternoon. Leading the pook wack was semi conductors it was all those names analog, qualcomm and micron. I want to keep an eye on those big names. Home depot, mcdonalds, costco, nike industrials did okay but their rally was much, much more muted. Caterpillar but not as much as more growthy oriented stocks i think the other important thing is probability of a rate cut by the Federal Reserve for this month now 90 probability of a rate cut, 50 in december as well you can see yields also stop going down just about the same time as the market stops going down melissa, back to you kelly, back to you thanks very much. President trump talking all angles of the china trade deal earlie
The father of the house senior conservative tells cnbc that he will do whatever it takes to stop a no deal brexit. Boriss outrageous will bring together the divided majority and decide which theyll go for and what the combination should be. China is willing to resolve the trade war with a calm attitude boeing shares jump topping the cac 40 as units help deliver better than expected first half profit well, a very warm welcome to street signs theres been Major Political developments across europe in the u. K. And italy we will get out to steve a little bit later on in the program. Were going to kick off with her in italy and just to note for you before we head over to rome, conti is due to make a statement before meeting with the president. He is expected to be offered a freshman date. The markets have now been open for about an hour and we are seeing gains across the italian index. Its currently up about 1. 3 and green across the board for the italian banks performing well from the auto
Campaign and not alienating the Trump Campaign but demonstrating a level of independence and a stroke of genius. Theres not a recession out there and theres a number of fed officials whove actually ratcheted back. Im worried about the banks in here. Something is up and if the financials keep doing what theyre doing, id say worried about the market though i do have pockets of stuart whip it by devo . How come you know that . I loved this song in high school. Lauren know it or read it . No, we listened in high school and it was great, great fun. Stuart high school . Yeah. High school. A lot of new wave music in high school. This and tainted love. Stuart thats new wave . Absolutely. Stuart i guess im old school. 11 00 eastern time and that would be thursday, august 17th. Lets go. Market showing a mixed picture, dow up 50, nasdaq down 50. No clear trend. Show me big tech, please, al wow. Get up 1. 73, microsoft, amazon, meta, apple down. Microsoft below 320. Check the 10year treasury yield
Being a lot lower in 02 this year than they were last year. As we well remember, they were running up sharply by last year. Bp has realised that prices were down by just under 40 year on year and a biggerfall, they realise just under 40 year on year and a bigger fall, they realise that gas price, 45 and also down by a 30 , that explains why the puppet are lower this year than last year. Lower, but still quite an impressive number nonetheless. It will always raise criticisms about windfall tax with big energy firms doing well on the back of these prices, though as you have said, they have come down from their peaks. Bp is not a big player in the uk any more. Its from their peaks. Bp is not a big player in the uk any more. Its not a big player. Player in the uk any more. Its not a big player. But player in the uk any more. Its not a big player, but reasonably a big player, but reasonably important. They pay tax there and i think, looking at figures, it is gone away, given the price of co
Investment platform. Thanks bro. Thanks for joining Thanks Forjoining us. Mortgages cost more so it is a bit of a Vicious Cycle for First Time Buyers . It is, yes, and there is a bit of respite for people looking to get onto the Property Ladder but they have still got very high costs of borrowing and it will still cost a lot to afford the mortgages once you have got on the ladder and it still costs a lot of money for renting whilst you are trying to get on the ladder. But it is good news for people who are looking to get off the ladder and looking to use their housing as part of that so there is a bit of balance but i suppose house prices matter most when you are trying to change your position. For the vast majority it is a number that changes without us actually trying to change our Housing Position but i think the people trying to get on the Housing Ladder to make the first step are really feeling the squeeze right now. The numbers tell the story. 3. 8 fall in july alone, the fastest