We are without the United States. President s day in the u. S. That means a lot of participants stateside but we also see reduced trading over the Asian Session as well. We saw the asian equities session with the nikkei moving higher, 1. 8 . A little higher a little harder to make any headway. More will get to more that. Our focus on what we are doing in europe because without the United States and the chinese and hong kong markets are closed. Thats get the first word news update. President trump spent the weekend criticizing everyone but russia for meddling. He tweeted 14 times over 24 hours criticizing the fbi, democrats and special counsel Robert Muellers investigation. They came after his sweeping indictment of 13 russians for allegedly leading social media efforts to attack trump rival, hillary clinton. In florida, students at the high school where 17 people were shot and killed are speaking out or gun control. They plan to organize antigun violence marches for next month. In the
The dow is the story today bet than 1 gain the russell, small caps trailing a little bit bob pisani on the floor with more were reversing that trend. We used to sell off in the middle of the day, but friday we diplomat and today we are holding onto our highs its very important. Three trends ive seen thats happened in the last two days. Number one, the healing continues. S p regained 20 of the losses were finally seeing new highs appear and familiar names are on that list. Finally, the Leadership Group since the bottom is the Leadership Group getting us into this, and that is cyclical stocks look whats leading today. Boeing, 3m, apple, cisco, these are all cyclical names lacker eds, coke, mcdonalds, johnson johnson, General Electric not doing too much overall s p new highs, old faces weve seen time and time again on the list amazon, netflix, adobe, hewlettpackard, jpmorgan chase. We continue to see the rally move forward not going back to that idea of selling off late in the day. Well s
And good morning, welcome to Worldwide Exchange here on cnbc im domenic chu. And im Contessa Brewer sara and wilfred are off this morning. Great way to get started when youre seeing positive signs in the markets. Lets get straight to the markets as contessa mentioned were seeing green across the board on the futures side. With the dow trading the way they are, were looking at possibly a 300 point open for the dow on the upside at least if things stay the way they are right now. S p up by 32 points nasdaq indicating an open around 75, 76 points as well a lot has been driven off Interest Rates those worries with whats happening with u. S. Government bonds. So, lets take a look at those yields for right now, were seeing a move higher slightly in the tenyear treasury note yield. 2. 88 . Almost 2. 9 , the last trade there. That reassumption, contessa, on the upside for this mornings trade. Well see if that has any kind of effect on whether or not people have that risk tolerance if it stops.
So you know, when it comes to corrections, thats 10 off from recent highs. Then we started the climb once again. Up 367 points. We are up 319, 320. These momentum swings are awfully important to watch but they are not set in stone. Remember, it was exactly at this moment yesterday, 24 hours ago where the dow began dropping and dropping and at 11 minutes past 3 00 p. M. , boom, in the blink of an eye we fell nearly 1600 points. 1597 to be exact. Could that happen again in this hour . We already showed you the dow which is up 331 points. The s p is about up a percent and earlier, we have to tell you, the low was down 55. That was a significant swing. Looking at the nasdaq, we are up about 92 points and so, as we see at the moment, i need to point out that nasdaq had been down 142. The key question here, why does the final hour have that potential to start quaking and shaking in that last 45 minutes. Starting in about 20 minutes, think about the redemptions i kick in. Thats when hedge fun
Stephanie greece has responded to that ultimatum in europe by asking for a new bailout. Today, the greeks formally asked for a new bailout. In return, greece said it would impose tax reform as early as next week. This morning, the greek Prime Minister promised to deliver. In the next two to three days, we will put forward concrete proposals in detail and i am confident we will be able to meet the obligations of the crucial times. Stephanie the European Commissioner meanwhile says there is a scenario if greece has to leave euro. We will hear from the Economic Affairs commissioner in europe in the next hour. Erik in china, the government is trying to stop a meltdown. Nothing is working and on paper, investors have lost trillions of dollars. Down with 30 since june 12. Here is the issue. Much of that money is wrote money. Borrowed money. At one point, walk locked out of the market because the trigger had been tripped. Jpmorgan is preparing to settle federal investigation into credit card