Our 10year near record low yields and oil closer to 46 than 47. Our road map begins with netflix under pressure in the premarket after an underperform initiation. Plus as you just heard, being added to comcast settop boxes. Well dig in on the stock down 15 this year. U. S. Oncology company medhivation it is now for sale perhaps to sanofi. The details on a potential deal of 11 billion. Gold hitting its highest level since march of 2014. Upgrading its expectations for the precious metal. Well talk to a Portfolio Manager how hes playing it. Stocks poised to open lower amid more concerns about brexit fallout and slowing Global Growth after three major indices snapped the foursession winning streak and gold at a twoyear high and as we said the pound trying to recover from that fresh 31year low at one point dipping below 128. Mike, youre watching the yields as you call them, which are collectively now larger than the banks. Yields and dividend paying stocks, exactly. If you look at the yield
Well look at the geopolitical impact. The question is unproven reserves. How do you count an unproven reserve . Unproven exactly. Well ask about that coming up. Plus, the fbi announcing today it will not recommend any criminal charges for democratic president ial candidate Hillary Clinton. And she is about to speak along with president obama. Theyre at a Campaign Rally in charlotte, North Carolina. Well take you there live momentarily. Lets start with the u. S. And uk banks under pressure. Bob pisani . Hello, william. You throw in the slow growth and zero, essentially zero bond yields and problems for the banks. Once again, after rallying briefly last week, the uk banks are weak. Barclays down 5 . Same thing looking at rbs. Come on over here, vinny. Down 8. 3 as you can see here on top of the declines that we saw earlier in the week. If you take a look at how much weve been down in the last six the brexit announcement back on the june, june 23rd. B b barclays down and most of the banks
Were back. Back together. It literally feels like months. It has been. What Great Stories to cover. Absolutely. Well show you what theyre doing this morning. U. S. Futures under pressure after a selloff yesterday that sent the dow down a little less than 1 . Dow futures down. S p down 7. 6. Nasdaq down 22, but all the action has been in Government Bonds. A massive rush in into this safe haven treasury debt. Look at that 10year treasury note yield. We are in record territory. I think japans longterm bond went to zero this morning. It is unbelievable. Record bond buying across the board particularly out of uk. That out of fear, not confidence. I wonder when we get a moment that we think this is crazy. Every time you think that, it continues. Its the trade everybody has been wrong about. The reason we dont see it sell off is were not seeing inflation. I wonder if the uk will be the first one, not immediately, but with what youre seeing in the pound, do we see inflation pick up and if you
Tonight. The weather washed out a prayer vigil to remember those killed by the phoenix serial shooter. Cbs5s amanda goodman. Live tonight in maryvale. Amanda. A lot of people just werent expecting this storm to roll through like it did. Preston, it caught a lot of people off guard, especially the organizers of this event. We saw plenty of we flooding. Out here on the west side. The rain, wind and all that lightning leaving organizers of tonights event no choice but to postpose the prayer vigil. It was set to take place at marivue park to remember and honor the victims killed by the serial shooter. Seven people have been killed, more injured and the shooter still been killed and more injured and that shooter is still at large. Before the storm rolled in, we are able to talk with family members of one of the victims, who told us quite frankly, it can be hard at times to stay optimistic. Yes, i get discouraged. I pray and in my prayer i pray for the family members and i do pray this guy,
Shower activity. It works into the northeast valley. Heres the area with the heaviest downpour activity being reported. Just to the north and east of cave creek and thats working over the northwestern edge of the valley. You can see brief heavy downpours. Lightning strikes and gusty winds. Another thing im watching that just popped up in the last 30 minutes. Look around congress and whitman. This area is starting to guest just a tt see this rotation. You can see it on the last few frames and that indicates its getting motion and movement with it. And i think youll see more outflows. Your folks in northern peoria, surprise showers and thunderstorms over the next few hours. Showers and thunderstorms are possible as they move in off the mountains. Blowing dust and windy conditions, especially north of all right, thanks, steve. City officials are hoping to ease the parking crunch in downtown scottsdale. Its designed to improve the downtown experience for businesses and merchants. There wil