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Conversation on top headlines. Heres Brendan Greeley. Brendan china is stepping up its verbal support for the yuan stemming the currencys worst fall into decades. The Central Bank Held a rare press briefing today. Officials said theres a reason for the depreciation to persist. Plus the bank said it will take action when there is excessive volatility. Concerns a good cause instability in china. There is a surprise from greece this morning, the government says the economy unexpectedly in the Second Quarter. Economists forecasted it would shrink. The economy have been crippled by months of haggling over the bailout. The greek armament is preparing to vote on the new bailout package. New spending cuts and tech hikes tax hikes. The rest of the euro has devote. Former president jimmy carter undergoing treatment for cancer. ....
Steady. Road map on a busy day for earnings including apple, coke and boeing. Apple surging in the premarket on the sfwheets more from the dnc. Less discord from inside the convention. President obama, joe biden and Vice President ial nominee tim kaine are on tap to speak today. Another tough quarter for twitter and jack dorsey, the stock plunging after results disappoint. What happens to the company next. But first up, apple shares are surging after the Company Reports a beat on the top and bottom line. Revenue did fall for the second straight quarter. Iphones saw the steepest sales decline year on year but that number was less than what the street was expecting. Analysts expecting an uptick in iphone sales when the new 7 is released later this year. Revenue guide not too bad. Jim, cost control, margin guide, okay. Yeah. I think there are probably people at home saying how ....
In the might be team take a look at what happened overnight in asia. Right now, asia closed up just slightly. The shanghai comp was down slightly. The hang sang up. 30 . Europe in the the early trading right now. See red arrows across the board. These are declines. Pretty mad rat. Basically a quarter percentage point decline across the board. If you check out crude oil prices big thing to watch yesterday. Crude oil up jed yesterday. Biggest jump in five months. After we saw that confirmation of the drawdown that had been suggested the night before, you see right now wti giving back a little gain. Decline of. 51. Breaking news out of north korea overnight that could be ralting markets this morning. The country claiming to have successfully tested a Nuclear War Head in what may have been most powerful detonation ever. South korean said it was the fifth test and had the impact of a ten killton explosion. President obama was briefed ....
At the moment we need to stress it is not 100 sure, in fact, not even 50 sure any of this is related to the deadly terrorist attacks on november 13th in paris. Amazing that its right there on the border between paris and belgium where there are checkpoints galore. You can only imagine how tense the situation is. Right there in that town it is actually where one of the ringleaders of the paris attacks is from. I want to get to Ashley Webster. Ashley, youve been grabbing headlines, what do we know right now . Reporter yes. Well, to your point, liz, very uncertain at this point. We do have a quote from french media, from a Police Officer on the scene who says he believes he is 9 9 sure this has nothing to do with the paris terrorist attacks, that its to do with a bank robbery, but these headlines change quickly, its a very fluid situation, so well keep an eye on it. There is, pe ....
The s p 500 climbing and nasdaq advancing. 75 to make another 15 year high. You know what i say . I say congratulations to everyone who made it thisser far. Never the less, you know what market we are in we are in a what have you done for me lately kind of business. Meaning after the president s holiday, we have to do consolidating. We dont want to go up too far too fast. We can not keep paying up for them unless we find out that the companies themselves are doing better. Otherwise this market runs the risk of getting overvalued. It will get there if we rally endlessly on the same pieces of information and not new hire earnings estimates. The reason we have been willing to pay more for the same set of earnings is because the backdrop is better. Specifically the employment backdrop in the United States and the news backdrop out of europe. We have been stymied by the Ukraine Russia< ....