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julie: it s more like we are inching toward it. we do have increases but they are not large ones. he nasdaq earlier did into the red and the nasdaq was very little changed. now all of them are up around .2% or more and commodities have a lot to do with the rally but so do industrials. we have some economic data out of china with car purchases rising for the ninth month out of the last 10. industrials and the top spot followed by materials. we still see a strong rally despite that. if you look within those industrials, we have caterpillar rising jacobs engineering and analysts saying there are signs of stabilization which should be a positive feed through four dover. railroad stocks are higher, a sort of feedthrough from china and perhaps stronger demand coming from that nation and industrials doing well. all of them trading higher today. alix: commodities soaring and rob materials doing well. julie: oil has been interesting. a build in gasoline and distillates was not e ....
someone from morgan stanley. toid: later, we continue focus on farmer with the merck ceo and chairman ken frazier, two important interviews you do not want to miss. let s look at the markets. jon: futures a little bit softer , down by a 10th of 1%, the footsie with the biggest week of gains since 2011. switch onof 1%, the the board and get to the bond comet, 10 years, treasury all-time lows, down by six basis points on the session, a softer down to 10 of5, 1%, expectations that a little bit of stimulus in the pipeline from the bank of england coming this summer. alix: that was the big news from yesterday didn t around the world, in-depth coverage of our top stories, paul dobson is in london on the treasury yields hitting historic lows and the latest developments on the race for prime minister. beijing, the latest manufacturing numbers in china and julie hyman on the stock move we saw. we begin in the third quarter, individual members. let s start with paul dobson in lon ....
by a major party. we will be live from the democratic convention in philadelphia. most asian futures here predicting gains in the market but some are nervous as we look inad to the markets opening australia. market would say an upside on most asian markets today, that s what we see with you 1% pop of the nikkei. despite the surge coming through from the yen. that was the biggest surge that we have faced. we did have some good movement coming through. new zealand coming off the record highs, .4%. and it pretty flat open coming through in korea today. having a look at how the yen is tracking, we have seen a little bit of weakness coming through after that very big surge. it is likely to continue to get a good boost. the second quarter coming through in estoril you today and is asked acted be the weakest growth we have seen since 1999 and could pave the way for the rba to cut interest rates again to a record low 1.5% next week. that is going to put downward pressure on t ....
nothing to germanic word dramatic. who contributes the most, who takes the most away. the top five index points contributors, four were financials, aig, j.p. morgan, citi paul giving big contributions. p functionk at the ima on bloomberg, energy stocks did the best. joe: on the government bond , there continues to be selling the last several days. you can look at the australian a sharp jumpd, ace sharp jum up. that s keeping with the broader story from g7 developed countries. g7 bond yields at their highest level in five weeks. this is still incredibly low, the average yields across various government bonds. there has been an uptrend. japan is reaching the limit of how much a can buy, people concerned about the same phenomenon happening elsewhere. this is something to keep an eye on, the increase in yields. scarlet: is this a fundamental repricing? a look at currencies and the dollar, specifically the bloomberg dollar index, recovering from a five-week low. you can see ....
trading day. this jobs data, let s head straight to the desk. i am looking at the markets right now, and although it s early, we are at session highs right now. this is where we stand because of that seller jobs data that did come out at 8:30 a.m. the dow, s&p, and the nasdaq are all up on the order of .7 or more, nearly 1% higher for the nasdaq. the s&p 500, look at this number, actually that is now our new record intraday high off of that jobs data. let s see what s been happening in terms of the pop we saw. let s take a look at an e.s.a. n terms of the last few hours. this came in right after the jobs data, short of 55,000, a jobs reporter for the july, and we saw that coming in, out 2160, past the mark, and we re just up near those record highs. this is where we stand. in addition to that, we ve got some earnings to tell you about as well, as something happening in the cancer drug industry. this has to be with bristol-myers squibb, down 17%. it turns out its lung ....