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meantime, a war of words on cnbc between j.p. morgan head jaime diamond. tell you what s behind that controversy that s been brewing for a while. after the bell, wilfred frost has an interview with bank of america ceo, brian moynihan. stay tuned for that. look forward to that very much. now, the retail pain. shares of coal sinking again. the hard times for traditional retailers might not be over anytime soon as amazon continues to outperform. they were out yesterday with a note reiterating the preaddition that amazon could become the top clothing retailer next year, 2017. how big of a threat is amazon to traditional retail? let s bring in stacy and cou courtney reagan. we are getting horrible numbers from macy s and kohl s and others. is everybody migrating to online shopping right now? you know, i don t think it s just that simple here. everybody is blaming amazon and saying, all of a sudden, what is changed? amazon has been around for a while. the numbers ar ....
noempbt asia the markets were relatively flat the nikkei was up about 15 points. hang sense added 29 and the shanghai up just over. and closely watching currencies. early surge in the yen erased the bulk of this week s gains for the dollar. you can see now the yen is trading 109 pvnt $96 to the dollar. the dollars down across the board. euros trading 111.8 and the pound is 147.04. and i ll applies. brent crude prush pushing above $50 for the first time in several months. and were some people right just a couple months ago that made that trade. also shares of takata. kkr expressing interest in taking control of the japanese firm. this coming a it is air bag supplier facing billions in cost due to the recall of those faulty parts. and u.s. foods raising a billion dollars in its ipo making the second biggest of the year. shares are trade on the nyse today under usfd. stocks to watch this morning. hp, inc. reporting better than expected second quarter profit. cost cutti ....
hour. also joining us, former apple evangelist, guy kawasaki. the headline on barrons, are unicorns killing the ipo market. 31 companies have gone public so far this year compared to 69 at this point last year. 115 in 2014. the article speculates that rising regulation along with an excessive amount of vc money as culprits for the slow-down. mike, as a barron s alum, what do you think they are trying to tell us? i think they are trying to weigh in on what this means for the markets and just what kind of market environment we re in. not so much about that kind of corporate strategic decision by a private company whether we should come public or not, but as this piece points out, typically when you have had one of these droughts in ipos it s been good for forward market returns because it means the market is not very frothy, not looking for the next hot thing. i m sure you can go to an opposite extreme and say it s kind of an unhealthy market if nobody feels as if it s ....
exchange on cnbc. i m wilfred frost alongside susan lee in for sara again. a very good morning, susan. good to see you, wilfred. let s get you up to speed. dow closing .25%. and the oil prices were stronger yesterday. the energy sector was the best performing sector. oil prices up slightly again today. that s led to gains around the world. and gains in the u.s. futures markets, culled high by 66 points on the dow. about a third of 1% on all three of those indices. it s interesting to point out the biggest reaction to all of the fed speaker over the month has been bonds. if you look at the bond markets down to 1.73%. of course, we were near 1.9% a few weeks ago. we ll get you more to the markets in just a bit. but first, breaking split cal news. montana, south dakota, north dakota, and the most up for grabs, 475 at stake for former secretary of state hillary clinton and senator bernie sanders. but ahead of today s contest, word comes that hillary has gone over the ....
nasdaq up by close to 20. overnight in asia, the nikkei up by 0.6%. the shanghai deposit was flat. in europe, some of the early trading, you re seeing those positive gains are continuing here the dax is the biggest gainer of the major averages up by 1.7%. the ftse is up 0.6%. they finally decided if the economy is is not going to get better, at least we got glory. you almost heard both messages from yellen. the economy is doing okay. she wants something to confirm in one number, i don t think one month would confirm. july, like 20% now. i think it s still on the table. we also want to see what happens with brexit. for eight years it s been look. the economy hasn t really been getting any better but we got the free money. we ve got the low rates. let s buy stocks. that still works. there no alternative to move, right? yeah. there is some corporate news. some corporate news, not so great news for yahoo! this morning. verizon going to submit a bit of ....