Dead flat to start the morning but you never know, of course, where it is going to end up and thats why you have to watch every minute. I promise. Take a look at this. The nasdaq in record territory, fueled of course by big tech and for those of you who wonder why we talk about these stocks so much, here is why. They are all going to open at record highs, starting with amazon. Today will make six days in a row that it has hit an alltime high. Apple at 384 bucks, that stock up 40 in a month. Microsoft, 215. That stock is up 25 in a month. Facebook also continues to surge, despite an ad boycott and negative pushback from civil rights groups. Netflix, clear lockdown winner and its been said on this program that we are indeed entering the golden age of streaming. We will talk about all of these stocks and more, tech winners throughout the program. They are remarkable. Its going to be a big day at the Supreme Court. It is the last day of the term and a decision on whether to release the pre
Treasuries are up in the pound is strengthening. Eurodollar, you can see 1. 10 52. As the focus shifts to Central Banks, a lot is coming up with news this week. We also have to look at renminbi. At seven. 08 7. 08. Some breaking news, a new chief executive at the royal bank of scotland. Alison rose will start at the position from november 1. And makes her the first woman to become one of the big for the over to hong kong, thats where Amnesty International is alleging the police beat be prodemocracy protesters. They also accuse the police of committing acts that amount to torture they would not comment, but say they respect the rights of people in custody. This weekend, demonstrations are expected to continue. And allout war in the case of iran in the country, thats according to the foreign minister speaking to cnn. She denies irans involvement and says he hopes to avoid a conflict and adds iran is serious about defending itself. Benjamin netanyahus days as Prime Minister may be numbere
Taking a look at under armour, Procter Gamble. Under armour pretty good. They see fullyear revenue coming up by 3 and 4 . The market still down by about seven points for the s p. Procter gamble pretty solid, up by 3 . 2020 organic Revenue Growth coming in pretty strong, beating estimates. Core Earnings Growth also beating estimates. David they see more organic growth coming up, so a good forecast as well. We will definitely get a good read on the consumer through the next couple of hours. Youre seeing the s p down by seven points. It is a mix. The cable rate completely falling out of bed. Where will you actually see the bottom . Finally it seems like markets are understanding a Boris Johnson prime ministership and the potential for crashing out of the european union. Yields pretty much go nowhere. Crude up by about 1 . It is really the cable rate. It has been unbelievable. The gauntlet thrown down. David as you say, Boris Johnson is playing a very highstakes game of chicken. We are get
Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the board. The biggest gainer of the three major averages is the cac up 1. 4 but you see gains of better than 1 for the ftse and dax as well take a look at whats happening with treasuries. Right now the ten year is yielding 1. 588 . So the yield picking up just a little bit the two year yielding 1. 539. Lowes is solidly higher on the numbers here 215 adjusted versus estimates of 2. 01 on better than expected revenue. A little bit anyway. The revenue is 20. 9 expected and 20. 94 to 20. 99 and then for
We will meet the victim and his lawyer. They say they are violent militant that need to be investigated by the doj. All that and much more on making money. Charles treasury secretary Steve Mnuchin briefing gop senators today about the debt ceiling budget caps or lack there of. This deal reached with the white house. Several republican lawmakers say they have issues and questions about it. After the details are hashed out, the house and senate will need to vote on the agreement, hoping to do before they leave on the august break. The question at this point how many republicans will back this deal . Here with details of the deal, reaction from capitol hill, hillary vaughn. Reporter charles, this budget deal is not the best of both worlds for republicans and democrats. A lot of lawmakers in both parties are finding some parts of this deal pretty hard to stomach. Why treasury secretary Steve Mnuchin is on capitol Hill Briefing gop lawmakers that have problems with this bill. Several have b