Nasdaq up by close to 20. Overnight in asia, the nikkei up by 0. 6 . The shanghai deposit was flat. In europe, some of the early trading, youre seeing those positive gains are continuing here the dax is the biggest gainer of the major averages up by 1. 7 . The ftse is up 0. 6 . They finally decided if the economy is is not going to get better, at least we got glory. You almost heard both messages from yellen. The economy is doing okay. She wants something to confirm in one number, i dont think one month would confirm. July, like 20 now. I think its still on the table. We also want to see what happens with brexit. For eight years its been look. The economy hasnt really been getting any better but we got the free money. Weve got the low rates. Lets buy stocks. That still works. There no alternative to move, right . Yeah. There is some corporate news. Some corporate news, not so great news for yahoo this morning. Verizon going to submit a bit of only around 3 billion. The wall street jour
Very good morning and warm welcome to you on Worldwide Exchange kicking off now on cnbc. Im wilfred frost with kayla sitting in for sara. Good morning. I like that youre playing the weekend music. Gets you in the mood. Even though it is 5 00 a. M. It is basically the weekend. Lets see what the markets are doing now. U. S. Equities open lower, gained traction throughout the day. Finished about a quarter of 1 higher. This morning, pretty much bang on flat in the premarket, s p slightly in red, treading water ahead of the jobs number which comes later today. All eyes on that and the implications for what it means for possible fed rate hikes. Lets look at the tenyear note, what is the bond market doing this morning. Were bang on 108. We just have come down on the yield. Seen a little bond buying during the course of the week, close to 1. 9 earlier in the week, now at 1. 8 . Everything rests on todays big market story, the u. S. Employment report, forecasters say the economy likely added 15
Trumps wife melania thats getting much of the attention this hour. Donald trump making his First Official comments about the plagiarism scandal as the full story behind melanias mistake, which turned out to be not her mistake is revealed. Plus will cruz control . Well be watching to see if mr. Trumps main rival during the primaries fully endorses the partys nominee or not. Senator cruz expected to take the big stage tonight and some of cruzs fellow senators hoping trump at the top of the ticket will be a winning one. Senator rodger is in charge of ensuring that the senate days in republican control. He is joining us live along with the cleveland attorney who works ten full years to put together the rock bid that finally brought the grand ol party to cleveland. On wall street, what do i tell you . Were exactly one week away from a Federal Reserve announcement on interest rates, but the market doesnt mind at all. Day seven of record highs for the dow, as the s p and the nasdaq hit new hi
The lower bound is concerned. We have a less scope. It would be worthwhile because thats an important way in which they cushion the shocks to the economy. Without getting into specifics that there were ways in which the fiscal policy shifts in the economy could be strengthened with which what help take some burden off of Monetary Policy. They cited it as a reason they were reluctant to raise rates in june. I have not heard anything that they might want to delay raising rates in november. Can you explain why they regard that as a greater problem. There were three dissents atthin what the cause of disagreement was and what does policy policymakers thought. We are very focused on evaluated giving the way the economy is operating i am not going to get into politics. Those are factors that we dont consider and im not going to get involved in commenting on the election. If we continue on the current path with something that you would need to remove over time. There is general agreement becau
Say. Nikkei did not lose. That would be war or something. Okay. Lets also take a look at europe. You see the early markets there. The dax and the cac are slightly lower. The cac is essentially flat. Ftse up. 50 . Check out crude this morning, this is going to be interesting. This comes after the largest weekly draw down in crude stocks. Crude oil was higher yesterday during the session. When that news was released after the close of the session, wti traded everyone higher in extended hours, up another 1. 8 to 46. 32. New data from the American Petroleum institute showed a surprise plunge in u. S. Crude stocks of 12. 1 Million Barrels. That would be the largest one week decline since 1985. Couple other big stories were watching this morning. Hewlettpackard noncore with british micro focus. Hp at 21. 98. This is all part of hp to try to focus on areas like storage and networking. Reporting mixed results. Firm oos Current Quarter Earnings Guidance met expectations in a program note. David