Good morning and welcome to the show im dominic chu live at cnbc global headquarters. We begin with breaking news as stock futures indicate what could be a losing start to the day after the long holiday weekend. If these futures losses hold into the opening bell for regular cash equities trading, the dow would be opening by down by 300, the nasdaq off by 28 and the nasdaq down by 100 as well this selloff after an historic week for wall street the s p posting its best weekly gain on a percentage basis since 1974 the russell 2000 Small Cap Index posting its best week ever and as of this morning, the dow, s p 500 and nasdaq are all less than 20 off its most recent record or 52weekhigh levels. Turning to the bond mark, the twoyear treasury yield ticking higher, 23 below basis points. The tenyear benchmark treasury note yield a little below 74 basis points or 0. 74 . Well just take a look at the 30year long bond, 1. 35 the last trade there to the Energy Markets now and the group known as op
Good morning and welcome it is 5 00 a. M. On the east coast of the u. S im Frank Holland along with courtney reagan. Good morning lets get a start with the markets early and see where the futures will open this morning we are indicated lower the dow lower by 400 lets check on the bond markets and see what is happening. The 10year yield at 0. 77 all of this after the big rally yesterday. The dow jumping more than 1,300 points or 6. 4 the dow is on track to snap a threeday losing streak. Most my green across the board in asia. Different in early trade in europe, however. Matt taylor is standing by in singapore. Well toss to you first. Mostly positive session for asia pacific markets seemingly shrugging off the picture. Japan up about 4 . Japan logging the best weekend gain you can see at the 108 level australian stocks ending down. The government ordering all people arriving in the country must selfisolate in hotels. India cutting the repo rate by 75 basis points and an unscheduled emerg
Moving out to the sidelines. Leaders gathering in england for a second day of meetings and another black eye for boeing as a Major Airline opts for airbus all of this as we begin right now. Good morning and welcome to the show, im dominic chu in for Brian Sullivan lets check out what is happening with dow futures they were lower until a headline moved from Bloomberg News saying u. S. And china are inching closer to agreeing to the amount of tariffs that will be rolled back in a phase one deal those headlines sent futures which were solidly red this morning and all of a sudden shot higher the dow is up about 135 points if there is a lesson in the last 24 hours, it is that every single trade headline matters. The dow at one point falling more than 400 points before closing down 250 days lower. The worst day insurance early october. A rough start to a month that has historically been a strong one. Turning to the bond market the dow jones futures, nasdaq and everything else. 10year 1. 75 .
almost 100 points. s&p futures up by 13.5 the nasdaq up by 41. that airports good morning to you. the new rules are in this we watch so closely, which of morning and the biggest impact course that yield has come under is that the u.s. is no longer pressure as fears about th, this allowing foreigners who have been to china within the last two weeks entry into the united morning trading at about 1.529%. states that means when they come through customs, if they say they have been to china within overnight stocks reopened for the last two weeks, they will trading in mainland china after not be given a visa to enter the week-long lunar new year we also know that there are other countries, dozens of other countries around the world that holiday. the shanghai down by 7% and have put in similar travel restrictions three domestic u.s. carriers shenzhen down by 8%. you re talking about united, we ll start with matt taylor in american airlines and delta have singapore on this selloff.
With u. P. S. The stock going to take a hit this morning after lowering their Fourth Quarter guide ax, a hangover from the Holiday Shipping fiasco. And shares of intel are sliding after Fourth Quarter earnings missed estimates and warning of flat revenues for the rest of this year. And speaking of earnings Morgan Stanley, General Electric, and amex making big moves today, well break them down with you. But first up, u. P. S. , the Package Delivery Company Expects Fourth Quarter earnings of 1. 25, well below forecasts. U. P. S. Said its been negatively impacted by higher costs driven by a surge of shipments during the Holiday Season. The company said it deployed 30,000 more temporary employees than it had planned for. Their peak delivery day volume up 7 1 2 from what they expected. As i just said on twitter, their models, jim, nowhere near on plan. I want everyone to go to u. P. S. Kicks off peak week they put out a press release. December 16th, 2013. Where they said, look, our peak day