Economic earnings sent the indexes lower, facebook dropping 4 after it Second Quarter spending increase. Facebook really opening lower over the last two days. Whole foods is another loser after reducing its sales forecast. Lets move on to commodities. Nymex crude and brent moving a little higher. Brent a little bit more. They are still down again for as we have seen increased volume. Pimm look at this chart this is the biggest monthly chart. That is amazing. It is ugly and has changed a lot since the feds lastting for top meeting. The 2year note reaching the highest in six weeks on that gdp report. That raises the probability of a hike in september. The gap between the 30 year yield narrowing. Finally, lets take a look at the currency market. The dollar strengthening against the euro. Taking a look at the yen the dollar strengthening their. Matrix the currency which i use on a regular basis. Is colorful and easy for me to read with my poor eyes right. But there, you get to see whats go
The indexes lower this morning. Industrial average right now is unchanged at 17,751. The s p 500 is down fractionally at 2108. Facebook shares are falling after Second Quarter spending jumped. Facebooks today chart shows a decline of about. 8 . Whole foods also tumbled today after cutting sales forecast. Showing whole food shares down 12 . Decline, also its in back from the biggest monthly loss of 2015. Oil with the oneyear chart, look at that there. Moment very ugly at this in time. A check of the bond markets today as well. After Second Quarter gdp came in lighter than expected, the revisions indicated the First Quarter show growth. You have a reaction in the treasury market paired on the short end, it is selling. Longhere is buying at the end of the yield curve. The yield on the 10 year going down. You do have talk about the probability of a fed rate increase in december gathering momentum here. We are seeing the gap between fiveyear and 30yearold 30 year yields. What you have here
Indiegogo are here. We will talk about their startup project with amazon. Investors are loving linkedin right now, saying the fullyear revenue will be higher than estimate. Linkedin said secondquarter sales jumped 33 and reached 380 million users. 10 million of those users are in china. The ceo says it the second largest market for new sign ups behind the united states. Joining me now is my guest and paul sweeney from Bloomberg Intelligence who covers linkedin. But i want to start with neil. What do you think of the significance of these china numbers . Has linkedin cracked the china market . Guest they are one of the few u. S. Internet companies that can actually operate in china. They had about million users and they are growing rapidly. Theres a huge opportunity for linkedin to expand its market by being able to operate in china. Alix one of the things we are looking closely at his mobile. What do you think the highlights are here . Guest this is an interesting quarter. I think most
Heres a piece on what they said about what they like about brand trump. I like his roughness and his reaganesque style. Trump is a threat. Like you said, he wont be bought off. He has tactics that separate him from everybody else. He has money that everybody is wanting. Besides the money issue he is tapping into what everybody is wanting. John, you have a piece up. Lets run through some of them. First, you say trump is not just a summer fling. John what you can see as they did not suddenly come up on this guy. They have been following his career, they know about his name and celebrity, trump towers, trump golf course, he has every indication of being with them for the long haul. Mark people know him good and bad and usually if you do something wrong, that is all what Everybody Knows about you. Trump has a baseline with these people. What do you say about trump being the Great American success . John we talked about the brashness and the antiestablishment idea. They first thing they wen
Indiegogo are here. We will talk about their startup project with amazon. Investors are loving linkedin right now, saying the fullyear revenue will be higher than estimate. Linkedin said secondquarter sales jumped 33 and reached 380 million users. 10 million of those users are in china. The ceo says it the send largest maet for new sign ups behind the united states. Joining me now is my guest and paul sweeney from Bloomberg Intelligence who covers linkedin. But i want to start with neil. What do you think of the significance of these china numbers . Has linkedin cracked the china market . Guest they are one of the few u. S. Internet companies that can actually operate in china. They had about million users and they are growing rapidly. Theres a huge opportunity for linkedin to expand its market by being able to operate in china. Emily one of the things we are looking closely at his mobile. What do you think the highlights are here . Guest this is an interesting quarter. I think most in