Even the president took note tweeting that, quote, oil prices are moving upnicely as demand begins again lets start with bob pisani with the move higher in the market, bob, and everything contributing. Yeah. Energy really on a tear right now. On a bit of a breakout energys leading retails leading 3 to 1 advancing to declining stocks again today second day in a row with advance decline line. Breadth as we call it. We are on 100 points either side of the roughly 2850 on the s p 500. I think that important thing is while were seeing energy, retail do well today, it is big cap momentum guys, kelly mentioned nasdaq, near new highs. Facebook, apple, amazon up 2 today. The market moves when the big five move like that even with some other stocks moving, as well helping the markets today, reopening optimism as kelly mentioned and a nice bounce in oil, treasury officials talking about no plans to punish china overall. Ism Services Better than feared i think and helping signs of stabilization th
He. Live from new york where business never sleeps, this is squawk box. Good morning welcome to squawk box on cnbc. Im becky quick along with joe kernen andrew is off today. Weve been watching the u. S. Equity futures, things are still in the green dow indicated up by 60 points. The s p up 7 and the nasdaq up 27 the dow and the s p 500 for the month of june are Still Holding on to their gains. For the month, dow above 26,000. Look at what happened overnight in asia. The nikkei was down by a half percentage point the stocks were flat for the hang seng and shanghai composite. In europe in some early trading, there are green arrows across the board. The biggest gainer of the three major averages is the dax in germany, up 0. 4 in italy, stocks are up 0. 6 watching the treasury market in the United States, the tenyear is yielding 2. 112 . The u. S. Navy is assisting two tankers reportedly attacked in the gulf of oman. According to the fifth fleet, u. S. Navy forces in the region received tw
Central bank caucus trade. Selling continues in 10year german bunds. 3 isg dollar, cable up now on track for the seven day winning streak. Of by over 100 basis points. The one thats not participating in the central bank trade you have dollar higher, yen lower. Because kuroda is not on board. Anna have we made too much of what carney had to say . Time for your morning brief. Some u. S. Ego up data including the third reading of First Quarter gdp and weekly initial jobless claims. Fed president James Spurlock speaks in london. We will rate his disapproval of the pace of rates currently priced in by the fed. At 6 00 President Trump will meet south koreas new president. House. At the white they will be talking trade, geopolitics. Breaking news. Have a merger. Rite aid eight and walgreens are mutually agreed to terminate that merger. Really Interesting Development for the companies. You wind up having walgreens up by over 1 in premarket. Right eight seeing a nice pop as the merger is termin
The brexit story is front and center in brussels today. The summit is an brussels to decide what David Cameron can bring home to the british people and what they will ultimately vote on will be in brussels. Lets update you on what else you need to know. Here is Caroline Hyde with your bloomberg first world news. Caroline David Cameron goes to brussels today, seeking to end months of negotiations. He will end a, four month referendum campaign, intending to secure th the u. Ks place. Minutes from the fomcs january meeting show they were worried about a series of disruptions that are likely to derail the projection of four rate increases this year. Japans latest trade data shows continued weakness in an economy that contracted in the last quarter. Exports sank 13 , the most since 2009. At least 28 people have been killed in an explosion in the turkish capital. The attack targeted a convoy of military vehicles. The president condemned the moral andbeyond all human boundaries. He said turke
100. Rescue efforts in nepal are hindered by after shocks following a massive earthquake that killed thousands of people leaving thousands sleeping out in the open. And welcome, everyone, to the show. You are watching worldwide exchange. A lot to talk about this week but first, wilfred, nice to have you back. I know. Weve been on different schedules last couple of week. There was a lot of konkl from the deutsche capital. I love it. It was great coverage. Having been away for a little bit whether it was holiday or election focus, it does make you think again about where markets are and im pretty bearish is. I dont see what there is to be positive about in the markets around the world. The shanghai market this morning hit a 7year alltime high and weve got the european markets on a tear as well. I dont think thats justify. The nasdaq stole the spotlight last week. Hitting a new high, sur parsing a level back in 2000. The sector continues to move higher. On your point, i think there is a l