This is what markets are doing now, steady as they go. They seem to be range bound. A lot of focus is on President Trump and his health. A lot of focus is on the risk off move we saw friday not filtering today. The yen is retreating, trends study, pound weakening as they start a two week period of brexit talks. Lets get to our top stories. Its been a weakened of speculation over President Trumps health. Sean connolly now admitting to giving a statement about the president receiving oxygen. What do we know about the president s condition right now president s condition right now . Doctors in a press conference sunday sounded upbeat, saying he was improving and could be discharged as soon as later today. But remarks were inconsistent. They withheld information about level,gs and his oxygen john conolly telling reporters the president did indeed receive oxygen friday. Connolly previously said he did not. We also know the president has been given three experimental treatments, remdesivir,
The dow is down nearly 1 . The nasdaq is back in positive territory. Apple is boosting the dow adding 150 points to a decline we would be seeing. Amazon and facebook arent in that index caterpillar, chevron, exxon mobile are driving the blue chips lower. Lets start with bob who will tell us what were seeing from earning season as a whole now that were a little more than halfway through. Bob. We have a little bit of a problem. Its great may have tech earnings are fantastic but theyre not enough to move the market really forward. You can see this today just look at the sectors of whats going on. You have technology up because apple is up. You have Consumer Discretionary up because amazon is up. Everything else, the other economy is having hard time. Tech earnings are even fantastic. We have this two tier economy thats going on. Its not a split between wall street and main street its just theres a two tier economy. One part is digital and thats the megacap tech and software and the Techno
Fails in his bid to trigger a snap election. China signals more support for the slowing economy indicating a cut in the Bank Reserve Ratio is on the way. Protesters vowed to return to the streets of hong kong and continue their calls for change. They say carrie lam section is too little too late. Shery it was all about k anditics, both in the u hong kong. We saw a risk on sentiment across the board with the dow caning gaining almost 240 points. The nasdaq up 1 . Tech shares leading the gains. They were the biggest losers in the last session. We have the Energy Sector in section gaining ground. We had the dollar falling the most since june. It was all risk on and the geopolitical tensions subsided. Not a lot happening with u. S. Futures. Lets get you across some breaking news on the terminal. We have julys current account of numbers from south korea coming in at a surplus of 6. 95 billion dollars. The current account for south korea in july. This as expectations grow for further easing
Up merger monday from big pharma to finance. The appetite for deals kicking in all around the world. And disney doing something this year that no other studio has ever done before, oh, yeah, we still got five months to go in the year. So grab your eticket. Its monday, july 29th, Worldwide Exchange begins right now. Y good morning, good afternoon, good evening and welcome from wherever in the world you may be watching im Brian Sullivan so happy to be back with you especially on this very busy monday bind us, shares of mylan labs, myl, stock is up 27 in the market deal with pfizer for their generic drug business may be eminent. Without this mornings move, shares of mylan were down. Th this reverse that. That will be your stock and your deal of the day. Well get more on mylan and pfizer in just a minute. Macro perspective, here is how your week is setting up right now. Futures not giving us a lot of indication about this market so far. Lets call it down 15. Lets call it flat to be generou
Its interesting its going to come out hopefully well for both countries. Ultimately it will work out. Trump also talks up his relationship with russia as he meets with president putin on the sidelines of the g20 and warns him against further election interference. Deutsche Bank Shares Jump after passing the feds stress test but Credit Suisse dips as it scrapes through with a conditional pass and merlis shares surge after a 6 billion pound takeover by the lego family in blackstone welcome to the show. In less than 24 hours u. S. President President Trump and chinese president xi will sit down for highly anticipated trade talks at the g20 summit in osaka. Cnbc confirmed that china will seek a balanced trade deal but the u. S. Is unwilling to agree to that deal according to cnbc sources xi will seek to end a u. S. Ban on huawei products as part of any trade agreement. Xi called for the integrity of the Global Supply chain to be upheld as he addressed g20 leaders in osaka translator we nee