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Hello again its good to have you back were watching some thunderstorms here pushing across parts of turkey over the next few days are really going to develop as we go towards friday across that northeastern section of the country and with that we could be seeing some lightning as well as some hail making their way through temperatures in the area they are into the mid thirtys are really providing a lot of instability for those thunderstorms there as we go toward saturday they continue to make their way towards the east many parts of turkey will start to clear out but over here towards aleppo it is going to be a hot day at 37. 00 degrees there where we are watching really parts of really clearing out we did have some rain pushing through so good news for you we are going to sing a temper of 34 well across the gulf it is still the admitted he was that we are dealing with it is going to get a little bit better by the time we get towards saturday but here on a friday 40 degrees is going to ....
Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say ....
In a much more muted fashion a techinspired rally. We also had the russell, mid caps, transports all nicely higher slightly higher this morning, but only slightly. The one question mark yesterday given the rally was that the bank stocks did not take part, particularly on a day where yields rose as well. Lets look at yields they rose nicely yesterday so it was a proper riie risk ony the tenyear, 2. 46 this morning. Markets around the world asia was nicely stronger yesterday. Today stronger again not quite as resoundingly. We have a holiday in japan today. European boards were down yesterday, about 0. 3 , 0. 5 . Up today the ftse is flat germany and france are up a bit. Lets look at the broader markets. Oil prices gained a bit yesterday were flat yesterday, flat again today. Still nicely above 60 for wti 60. 5 the price this morning. Moving on to the gold price, which was up about half a percent yesterday. Flat today 1316 is the price of gold. Dollar the big question mark over the last c ....