41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Facebook. Alphabet. And, amazon. And, i gotta tell you, 4 for 4 is pretty impressive. You see the nasdaq holding in there. Playing catchup. I didnt think we would go through the gauntlet unscathed. I felt one of them would screw up. I think the worst one was amazon and that was pretty great. It was not as huge an upside. And i have to tell you, their Conference Call has gone back to this opaque nature i cant stand. You know why the quarter was good . A fly wheel. Fly wheel . Thats like isnt that like p
Equities. This morning again a rally you see across the boards in some of the markets. Rather steep. Nothing compared to the losses weve seen over the last two sessions. Italy up about 4 . Spain up 3 . Remember friday the markets were down double digits. This morning the dax is higher 3 . The kcac. In is where things have gone haywire. Central banks have been watching closely and traders as well. The pound is down. You can see this morning the euro is pretty steady at 1. 10. This morning the yen the dollar is up against the yun. Finally take a look at crude oil. That is also a rebound to 47. 55. Here are the big stories watching today. Vocati volkswagon is expected to pay 15 billion dollar. Expected to be filed in court today. It will include 10 billion to repair or buy back 475,000 cars equipped with two liter engineers. Owners will receive up to 10,000 in compensation. Vwwill pay 2. 7 billion in fines. Lyft has settled litigation. The Ride Hailing Service accused of breaking confiden
European banks. This morning, things are shaking some of those concerns just a little bit. The dax is up. 75 . The cac in france up. 30 . The ftse is flat. Crude oil picked up. Pushed back above 40 yesterday towards the later half of the session and that did help stock prices. This morning, wti giving back about. 25. 40. 60 is like a c minus. Every time it fulls below 40 m people think ha is going on. We did get numbers on gasoline drawdowns. That helped some of the oil prices. Maybe the demand picture not as weak as people have been concerned. Well talk oil over the next three hours. Good morning, everybody. Also on your agenda today, bank of England Holding the policy meeting. Due out in about an hours time. The bank of england is expected to cut rates and could also launch a new round of quantitative easing so we could get some action around the boe coming up. In the meantime weekly jobless claims out. They are expected to hold right around 265,000. Then at 10 00 a. M. Eastern look
Sanders in the crucial california primary. Americas Defense System running on floppy disks. Your tax dollars at waste. Why the government is spending billions to keep systems running on nearly 50yearold technology. Melissa the dow down 24 points on the day. As we come into the close. Phil flynn, price futures group, fox news contributor. Watching oil and gold from the cme. Adam shapiro on floor of new york stock exchange. Adam, first to you, stocks mostly flat but you have stocks to watch today . Reporter yeah but there were big movers down on the floor, one of them an ipo. This is u. S. Foods. They priced at 23 bucks. They opened today, and closed, check this out, well above the opening. They were up almost 9 . So it was a good launch for them. That ipo raising 1. 2 billion. You get a story like abercrombie fitch, there was a time when Retail Clothing Stores can do no wrong. Now it seems they can do no right. This was down big time, shares off 16 . Earnings were down, not with wall st
For wanting to end fracking. Trump says that the country needs to open up more fracking to avoid dependence on middle eastern oil. He would absolutely approve, he said, the keystone pipeline, and he would get the government out of the way of the Energy Industry. Oh, republican senator rob portman is on the Senate Energy committee. Hes joining me exclusively on whether Trumps Energy plan is viable. Donald trump has issued a lot of controversial comments, and hes also gone back and forth on some of the issues. The 2016 race, what does rob portman think about that and whether trump at the top ticket would help or hurt portmans Senate Reelection campaign. Senator Bernie Sanders going closer and closer to Hillary Clinton in california. Closest now, a dead heat in a brandnew poll as the vermont senator considers debating donald trump if he cant convince Hillary Clinton to work the hollywood stage. Former north dakota democratic senator byron and former Vermont Republican jim douglass. Well t