Between the u. S. And iran. President trump said he wastr ready toe but he called off an attack just minutes start. Its planned the strike would have been in retaliation for the downing of an unmanned american surveillance drone earlier this week, and any threat te the f flow of oil through that region gets the attention of energy investors. Amon javers starts us off from the white hous President Trump reversing course thursday evening and giving an order to standdown t u. S. Militar forces who had been poised to strike targets in iraq of t iraq. The president suggesting he did that because he was current about the potential for iranian loss of life. Hu sat down with nbcs meet the press host todd earlier today at the white house and here is how he explained his decisionmakiast night. Did you green light something or had you said if we do it ill do w this . Wh the order you gave . Nothing is green lighted until the very end because things change. Okay. So you never gave a final order. N
Well, good morning, govern or good evening and welcome from wherever in the world you may be watching im Brian Sullivan here in philadelphia where the sun just about ready to rise and we are just outside of this Philadelphia Energy solutions refinery, which set off a massive explosion on friday and a fire that burned for more than 24 hours there were five minor injuries but the situation certainly could have been much, much worse and that is why we are here today. There are a number of reasons and explanations we need to dig into around this refinery and you see the explosion there and a lot of questions which still remain, exactly why did that explosion and fire happen. Investigators will be pouring in today. They were here over the weekend, at least three major federal agencies are indeed involved as well as the city of philadelphia what happens now the refinery theyre not giving us a lot of updates on exactly what the output currently is this is the 10th biggest refinery in the Unit
Earthquake rattling california, the strongest quake in two decades. And trouble for big tech names out there. Apple and facebook both experiencing outages over the fourth of july holiday its friday, july 5th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu. Brian sullivan is off today. Here is how your money and the Global Markets are setting up. Stock futures now pointing to a slightly lower open. The dow will go down by 38 points if these futures losses hold into regular cash trading you can see the s p off by 5 points the nasdaq down by 10. The bond market right now in focus ahead of that big jobs number in the United States. Tenyear u. S. Government note yields ticking slightly higher, just a hair below 1. 97 . 1. 78 for the twoyear note yield. On the european side of things, worth noting whats going on with the european bonds especially the german tenyear government bund. You can see there that bund trading at negative 39 basis point
On this friday, june 21st as Worldwide Exchange begins right now. Good morning, good afternoon, good evening wherever in the world you are im Brian Sullivan the record rally is back the s p 500 hitting a new alltime high yesterday. Much more on that coming up. Dow futures are down fractionally a major developing story President Trump reportedly approving military air strikes against iran overnight then he called them off. According to reports, planes were in the air, boats were in position when the word came to stand down we have full Team Coverage hadley gamble is in abu dhabi. Lets begin with the latest out of washington, d. C. With nbcs craig boswell. Good morning. A dramatic escalation of tensions between the u. S. And iran as you mentioned the New York Times reporting that President Trump ordering military strikes on iran and abruptly pulling them back. This was hours after we saw President Trump in the oval office saying iran made a big mistake shooting down a u. S. Drone. That u
At 2. 06 on the 10 year yield, but more and more voices calling for more easing or less strengthen the economy, saidding rich clarida, who he would have cut this time around, and kashkari saying a 50 point basis cut is what he was looking for this time around. On earlier,dan fuss talking about 150 sometime this summer or early fall. The chorus is getting louder. Gold is off its highs. It did cross 1400, back at 1391 now. Crude continued backandforth on iran and other actors. Now,10 of 1 gain right 57. 53 on wti. Guy you run through some of those big said names. It is the story right now, trying to figure out exactly what the fed is going to do next , and a cut by how much. The fed vice chair Richard Clarida speaking earlier to bloombergs tom keene, telling him in an excuse of interview that the argument for cutting rates is getting stronger. Clarida there was broad agreement around the table that the case for providing more accommodation has increased since our may meeting. Clearly, we