And the temperatures are rising a major heat wave set to hit the majority of the United States over the next few days here we are. Were keeping you calm, cool, collected and informed its friday, july 19th Worldwide Exchange begins right now. Good morning welcome. Im Contessa Brewer in for Brian Sullivan stock futures right now are in the green. Implying an open of up 92 points the s p 500 is up about 6 points the nasdaq futures are up 41 it looks like the nasdaq, the dow, the s p, all on pace to break twoweek win streaks a decent day today could change those fortunes the major averages are less than a percent below theyre alltime record highs the bond market now, lets look at u. S. Treasuries, the twoyear yield at 1. 7 the fiveyear up at 1. 7. The tenyear up above 2 now lets go worldwide in asia, looking at overseas markets. The nikkei is up more than 2 . This is on talk about the fed rate cut and what anticipation lies in store. The hang seng up a percent shanghai up a percent as well
Tencent or alibaba to list at home in hong kong. Engle ini am stephen tokyo. Shinzo abe wins the upper house vote but failed to secure a super majority. We will have results and reaction. Kathleen Market Action into asian trading, we have to take a look at u. S. Trading first. The stock market was on its way to a modest gain, mixed results on earnings reports, microsoft with a great report, netflix not so great looking over the course of the week. Friday it was news late in the day irans revolutionary guard seized a British Oil Tanker in the strait of hormuz. As you can see at the close we had the dow jones down a quarterpoint, 68 point decline. At. 75 percent loss. It is just after 6 00 in the u. S. , so futures are looking to decline on the s p 500. Also wondering about the fed friday, the president of the st. Louis fed repeated he is in favor of a 25 basis point cut a day after John Williams seemed to be saying he was on board for a 50 basis point cut. New york had to clarify he was
Bank of america hiking its yearend s p target to 4,600 it had been 4,300. Also ahead, sources are telling cnbc that apple and goldmansachs have been planning the launch of a stocktrading feature for the iphone project was shelved last year after the markets did turn south. Could have worked on it mitsubishi you worked on it yourself no, im just going to make up a series of things because thats exactly whats called for. Well get to it with kate rooney in a minute lets begin with the markets ahead of the fed decision later on today are you encouraged at all by some of the action this morning . Look, i think that if you dont have a if you dont have a rate hike, and he talks tough, everyones okay so, if he talks anything less than tough, then we go back to that scenario where theres that holy 13 you get when theyre done i think theres a perspective that longer, higher, whatever, take off the higher, maybe a little bit longer, but theres a sense that the dont worry, be happy s p target piec
And what is old is knew new again. Spike lee and we head to his film headquarters to see why the story he wrote three decades ago is more relevant than ever. But we begin with a look at todays eye opener, youre world in 90 seconds. Explosions drew people outside and then gunman opened fire and then moved inside executing people. A terror attack on a mosque rocks egypt. The deadliest terror attack in egypt ever. President trump called it horrible and cowardly and phoned egypts president to offer his condolences. Time magazine disputing the president s claim in a tweet that he turned down being probably named person of the year. A big scare for Holiday Shoppers in london after reports of shooting being fired but police found no sign of gunshots. This st. Louis area mall was forred to shut down after a protest turned chaotic. Black friday, today merken gauged in one dangerous situations. A neighborhood is under water in washington after a river flooded. Rescue crews searching for people w
Spike lee returns to the material for a new netflix series. We head to his film headquarters to see why the film he wrote three decades ago is more relevant than ever. But we begin this morning with todays eye opener, your world in 90 seconds. Explosions drew people outside. Thats when gunmen opened fire. Then the gunmen moved inside, executing people. A terror attack on a mosque rocks egypt. The deadliest terror attack in egypt ever. President trump called it horrible and cowardly and phoned egypts president to offer his condolences. Time magazine said police found no sign of gunshots. This st. Louis area mall was forced to shut down after protesters got chaotic. Black friday, the day america engages in one of its most embarrassing traditions. An alabama mall is opened back up after a fight broke out, sending people into a panic. A neighborhood is under water in washington after a river flooded. Rescue crews are needed to search for people who need help. Mr. President. He played with