Gold was making a bid for 1300. Now coming off that potential. Over,continues to roll separate from the macro events we are seeing there. It is down 0. 6 . David dan coats will testify before the Senate Committee on intelligence. At 10 30, we get weekly crude inventory numbers for the u. S. We expect supplies to fall. President trump continues his infrastructure week, traveling to cincinnati, to talk about investments in waterways. Jonathan we begin in spain co popular has been rescued by santander in a takeover. Seeing debt surging. Joining us to discuss more on the acquisition is Bloomberg Intelligence ajit. It will not make sense to people outside the markets. Market, this makes a lot of sense. Walk me through the junior debt and the senior debt. What has happened is overnight the ecb has market, ta lot of sense. Deemed popular is likely to fail. Debt,eans the tier one the tier to get have been two debt have been written down. Two has been converted into shares and transferred to sa
I am a fellow at the. While liberal arts rule of the divisional world. They had known each other for a little while now. I immediately thought of my freshman year in college. I decided on what i should major in. I love history and Political Science. No one cares to read about. I decided to meet the professional world halfway and major in business. When i read this book and i talked to scott about it made sense because my career like many of yours as well was taken different pivots into turns and i realized that now what i didnt know then which was in many ways the liberal arts in business has applicability to the Technology World even innovation in general. With that i want to turn it over to scott before scott tells you more about his book i know scott from our time in new york. He like myself has spent time in the Venture Capital world also worked for google and facebook. And has the dream resume. He has spent some time as a president ial information fellow. Have the fortune or misfo
Plus shares of nike can climbing 6 . New science of a coming trade war. The Trump Administration reportedly near imposing new tar rifs of steel imports. Well dig into the story and the Market Movers on it. As we head into the final trading day of the month the dow and s p each on track for a 7th consecutive positive quarter nasdaq the best performer despite weakness in june also up some 14 that compares to 7 in the s p. 7. 7 for the dow. Its going to be the worse since 2010. 2010. How about that and a lot of it came recently. This week the dollar is down 2 and that was largely driven by the euro shooting higher theres this narrative that the rest of the world is coordinating and i mean the world Central Banks. The ecb, the bank of england, maybe the bank of japan but theyre coordinating the begins of an exit from super easy monetary policy. There was a lot of Central Bank Speak and that is what is being attributed to this rise in global yields that we have seen. Ten year treasury yield
Power lunch starts right now good day, everybody the three averages bouncing back just a bit from yesterdays selloff and three days of declines the latest inflation data fueling some gains despite those gains, the dow is on track for the worst weekly decline since april. The s p 500 on track for its biggest weekly drop since march. Check out the transports, they are on pace for their best daily performance in a month youd say maybe its a little mixed picture. Fedex, rider systems, avis, budget leading the way. We begin with a stock not doing it right investors are losing 20 of their money again today and that continues a run of pain that put the stock at a 45year low Courtney Reagan is here with more on whats hurting the company. The stock reaction for j. C. Penney and other stores has been more severe for several reasons. They had run up 20 since the last reports we did get trends so some sell on the news here but sell because big industry head winds are still very much alive for this
I dont know what to believe. Black is white. I dont know. Is it true . I dont know. I think it was a classy move. Listen, getting married in vegas is something to tell people about. I got married in a church in some city where i grew up in. Not nearly as fun as i got married in las vegas. Its classic. To have the king pronounce you man and wife. Very exciting. Welcome to the morning blend. Im shawn tempesta. Im j. J. Schneider, happy tuesday. At 10 30, this is a fleefloored complex here at channel 13. So the first floor is where the studio is and the offices. The second third floor is our roof where we do the beautiful outside shot. And the center is this tape area, this taped depository. Its an archive for old news footage. Massive, big cement rooms full of footage. But today at 10 30 a. M. , it will become a dance studio. Preparing for dancing with the North Las Vegas stars. This is thursday, right . Yes. Thursday night is their gala, annual fundraiser. Its a beautiful Ballet School