Europe up more than 1 , benchmark yields relatively stable around 1. 29 futures point to a strong open as tax reform rolls through congress. We did get the meg amerger, cvs health is buying aetna it is the largest deal. Broadcom taking First Step Towards a hostile takeover of qualcomm 11 nominees to qualcomms board. Futures rallying after the Senate Tax Reform bill was passed Early Saturday Morning. Next up is conferencing the house and Senate Versions of that bill. Republicans expressing optimism, theyll get a final bill to the president s desk by christmas and a lot written over the weekend suggests theres more similarity than differences. I think where we were midday, the report that caused one the suspension of brian ross, and a belief that nothing could happen and the senate could fail, we got a classic tip down 350 points it turned out to be once again an amazing buy opportunity and now, a lot of analysts will be stuck raising numbers i say stuck because theres so much people who
Having a look at the european equities. 30 minutes away from the end of the thursday session. You know the function. Bonds, andaren c, commodities falling in europe for the fourth time. Down against the dollar despite stronger than expected gdp data. The yields on a whole array of higher since the 23rd, the day of the referendum vote. What a busy earnings day we have had among the busiest so far. This seasonapb shed 7 . Apb shed 7 . Deteriorating markets could pressurize the company, which is facing pressure itself from an activist investor. Its been pushing the company to spin off power grids. The worlds biggest maker power grids decided this month to keep the business after completing a review. Pressures coming from the biggest activist investors. Its the biggest drop since june 27, just a few days after brexit. Reported a 6 drop in sales. A waning demand for Wireless Network is weighing on revenue. Ericsson is suffering as well. They are limiting network expenditures after the lates
A slightly lower open. European markets have, well, weve been hearing from the ecb although not much action, there it is, at least the equity markets at this point lower, though fractionally so you have to say. How is the 10year note yield doing and crude oil, theres a look. 1. 6, 1. 6. Wow. Things are getting crazy there. Crazy. Wti you can see is right around 45, 50 or so this morning. Lets get to our road map. It starts with day four of the Republican National convention in cleveland. Ted cruz was booed, mike pence delivered his speech, and they are gearing up for trumps speech tonight. We will go there live. Elon musk is revealing his master plan for tesla. Part two, by the way. How realistic are his bigtime ambitions for this company . Qualcomm, intel, ebay, southwest, and more, all are on the move this morning after earnings. In fact, i mean it goes on and on biogen, travelers, american express. We will try to get to all of them or as many as we can, give you the numbers you need