Basis points reduction and that has perhaps helped. Certainly in the uk itself as you see the ftse 100 up 1. 3 . Our 10year note yield hovering lets call it around the 1. 5 level and crude, which has been an important story in the movement of our broader markets during the course of this week, look the that, flat, 40. 83 after dropping below 40 this week. Lets get to our road map and it does start with the bank of england rate cut as it ripples across the globe. Markets we will get mark carneys take. Major media earnings, fox and viacom shares both moving this morning in different directions. Whats behind the quarters at fox and viacom, what about the turmoil. Frankly at both companies. Tesla misses estimates, but that didnt stifel, what is this all in the family, stifel elon musks optimism. We hear his outlook for the companys future. Futures on the rise a bit this day after the dow broke that sevenday losing streak. The bank of england cutting its benchmark Interest Rate for the Firs
10year note yield around 1. 6 and crude oil the story as oil prices down, as you see it right there. Maybe we get the fed moving before the end of the year, right as we come out of the jackson hole meeting. A look, though, at wti. Lets get to our road map this morning. On this late august monday. Mylan, the controversy continues. The Company Announcing a generic version of its epi pen. It is going to be enough to satisfy critics and congress . The herbalife Hedge Fund Drama man here we are, year three, four, five, ackman, icahn, going yet another round. On this battleground stock. Well have news from williams by the way responding to activist pressure and the proxy fight that is looming for the company. It nominates three new independent directors to its board. I will give you updates there in terms of what we can expect on that front. First, though, lets get to the broader markets. Economic data to consider this week includes fridays key job reports especially after yellens marks at j
Theyre flat in the uk. Weve taken that apple money and applied it immediately to the stock. They are. Theyre also still buying bonds up like crazy over there. Put the money theres so many weird things going on theyre actually hoping to fund the transaction by which denon is buying bonds. Any way, lets get to bonds, you answered, 158, crude down today and you can see brent nearing at least 50 a share. Weve got the latest s p 500 case chiller report, showing home prices rose 5. 9 . And thats why unemployment are strong, and paychecks, doing consistently strong business. We keep running into these numbers that are somewhat positive. Well get to conversations about the broader market. Want to get to the roadmap, as well and it starts with apple, which is the market also. The european ordering the company to pay over 14 billion in back taxes. Plus, any hopes of a deal off. And a bid for hersheys, saying there is no actionable way forward. Ill give you the details on what exactly went down t
Supports the doj request to unseal the warrant it is friday, august 12th, 2022 you are watching Worldwide Exchange on cnbc. Very good morning to you im wilfred frost in for Brian Sullivan today lets get right to the markets and futures pointing to a very healthy open up about 0. 5 on the dow more than that for the s p. 6 . 7 for the nasdaq it has been steadily improving and it comes off the back of the day yesterday where we started well and faded at close. The s p and dow were flat. As we stabnd for the week, nasda is up 1 it will be the fourth positive week in a row of gains for the dow and s p. Remarkable turn following the start of the year for most of the quarter and half of the year all sectors are positive this week energy is the best performing up about 6. 3 so far for the week lets look at what have we got coming up next on the markets. Next chart there it is. S p so far for the year. Lets move on to whatever is next on the list guys we are looking now at financials as well as