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Been interesting. Not just value but also small caps. Also industrials, also cyclicals. They wound up beating estimates, coming in at over 600,000. The earnings went up slightly as well. If you have a miss, you get punished. For global exchange. We will bring you todays market news from around the world, from hong kong to brussels to london. First, we start off in asia where china is firing back at the u. S. Mike pences criticism of his actions against protesters in hong kong. He said chinas actions in hong kong curtail liberty rights. The Foreign Ministry blasted the remotes remarks and said we hope they can get their own house in order. I was quite surprised by their response today. Their response yesterday was much more consolatory consolatory from chinese news outlets. They accused Vice President pence of line. They accused him of arrogance. Y said his speech was and th ....
Of that. Marriott and hilton is down on a downgrade. The 10 year yield is backup to 2. 06 before the powell testimony tomorrow and plenty of fed speakers today and later in the week. Guy absolutely a firm focus on the fed. European stocks are down again. Stoxx 600 down by 1 . Cable is breaking lower again today. The reason for that the politics, probably more importantly core retail data out of the u. K. Today ahead of gdp tomorrow. Looks like the u. K. Economy hit a brick wall in the second quarter. The market is pricing and more rate cuts from the bank of england. By anothernk down 2. 32 . It was a little worse earlier on. It rallied a little bit, but down hard since that plan was announced. Vonnie fed chair Jerome Powell delivering the opening remarks on the recent Bank Stress Tests at the boston fed conference earlier today. His remarks come a day before his today testi ....
More stimulus coming, at least not imminently. We have seen stocks stay steady after the initial drop after those comments. We saw the effect throughout the bond market and on the dollar as well. We see the yields on the u. S. Treasury market across the curve climbed today. On the 10year for example, the year yield has bumped up. It is gaining steam as the day has gone on, up seven basis points. 1. 6 . Also a seen technologies weight on the s p 500 you heard questions about apple and whether there will be Strong Demand for the new iphone seven. They are sending the stock lower today, about 2. 5 percent. Among other pressures, wells fargo downgraded the stock to a market perform, saying the prices are largely priced into the stocks. Thepany forward is Company Twitter is meeting today, and there are no bids on the table, according to cnbc. Retailers are not performing well. We ....
Second. As we look forward in the forecast, temperatures are set to drop. Clicker doesnt want to cooperate with me this morning, but there go, drop off, head forward in the second haft of the weekends, quite cool. Talk about just how chilly, it will get, as the show progresses but give you sense of what is going on here and now. Notice, the wind, not just the actual number and the value there, but the direction. Out of the northwest it comes, ten to 15 miles per hour, not damaging wind, obviously, but enough it is very noticeable. So these temperatures that are currently at 53 here in philadelphia, are holding somewhat steady for the next few hours, only going to top off another degree or two before it is said and done at the height of the afternoon. Now, heres a look at storm scan, quiet as can be, we continue to track clearing skies, High Pressure has built in place for us here. But we are expecting that sun to shine brightly all ....
Standing by. Morning, ladies . Yes, tgif. The first thing i noticed walking out the door this morning how windy it is. The winds might play a factor . Thankfully not talking about anything too terrible in terms of the winds flow here today, meisha, a but definitely makes you feel chillier. Extra layers still required for you. This morning actually bottoming out only into the low 50s in many spots, suburbs, very likely into the 40s, but with that win factored in, it certainly has so made to feel chillier. Storm scan3, quiet as can be. Any sign of the wet weather we had pretty much all day yesterday, now retreating well taught sea at this point. All of the shore points all drying out, as well, cloud cover starting to really just recede away. Looking at nice clearing sky. Heres a look at the area temperatures, the damage certainly being done here, in terms of the cool down, 49 in lancaster, 48 in reading by comparison worse of the chill hasnt quite gun to take hold in philadelphia. But ye ....