Amid heightened u. S. Iranian tensions. We have gasoline futures jumping this after an explosion and major fire at philadelphia area refinery. It is, by the way, the largest facility on the east coast. And slack soaring debut, shares poised to rally at the open but for other tech unicorns eyeing the public markets, is this a sign of peak ipo . Stocks are set to open lower after a record close for the s p. Multiple reports now say the president did approve military strikes against iran as retaliation for downing of a u. S. Drone and later backed off. S p still on pace for the best june since 1955. The nasdaq leading the major indices this month up a percent jim, how much further are people willing to go on the risk curve given the activity today i think were getting too close to the g20. I think that yesterday was a day where there was a frenzy of froth and euphoria i havent seen in a long time. A lot of stocks up 7, 8, 9 points and nothing had happened. I think were all starting to rea
Annabelle we are counting down to asias major market opens. Paul australias just come online for trade. Traders are looking past a harder than expected u. S. Ppi reading to focus on less hawkish fed commentary. The latest meeting minutes, noting the risks of both over and under tightening. Israel forms an emergency unity government as officials indicate they are preparing for a massive military assault on gaza. Annabelle weve got the open of the asx 200. You can see a very modest gain coming through for aussie stocks. That is a sixth session hi. It follows the gains we saw in the wall street session overnight. What we are watching today essentially is a that story thats come through in treasuries, lower yields, being reflected in the aussie three year, the 10 year. The policy greenback, a little bit firmer aussie greenback, a little bit firm. Traders are taking heed of the dovish views coming through from the fed, expectation around what the fed does next and perhaps we will not see a
Good morning welcome to Worldwide Exchange. Im sara eisen im wilfred frost good morning to you from me as well its new music friday. We are kicking off with taylor swifts new song highly anticipated. But not very good i cant tell. Came out overnight i listened to it once upstairs with the team what did the team think. All disappointed, apart from the number one taylor swift fan, karissa. Well have to listen to it a few more times youll hear it more on the show it is new music friday first lets get to the big developing story out of the gulf of mexico, Hurricane Harvey gathering strength the storm a category 2 hurricane. It is expected to make landfall in Southeast Texas later tonight. Harvey is forecast to pack a punch bringing torrential rain, heavy flooding and damaging winds. Widespread evacuations have been ordered up and down the texas gulf coast were seeing a big reaction in the Energy Markets as harvey takes aim. 1 higher for crude prices right now. Same with rbob gasoline, that
The nikkei up a half percent hang seng up 1 111. 2 . In europe, big effort gains in spain. Crude, the one big driver for crude the past couple of days would be harvey. Now a category 2 storm were seeing wti crude up by 0. 7 brent up by 0. 7 welcome back. Thank you great to be back when did you get back last night. Last night. 8 00. All right do you feel different . Do you why would you ask that, joe. Im wondering feels g right . Enjoyed it. Congrats. Everybody knows by now now they do if they dont, theyre about to. Misses melissa lee. Is there a new name. Im still me. Congrats. Good to have you here. Thats dedication, 8 00 last night anything anything to help you out, joe i will do. And the viewers heres the big stories were watching today that was maybe the biggest in corporate news, uber could hold a vote for its next ceo as early as today uber is holding a Board Meeting later total. According to sources hpe c eshs Ceo Meg Whitman will not be there, but former ge Ceo Jeff Immelt will
Chancellor Angela Merkel calling on e. U. Countries to take a greater role. The European Union announced an emergency meeting to address the crisis, set for september 14th. The u. N. Will hold its own weeks later. Some e. U. Countries refused to take on the refugees. Meanwhile, three children are recovering in a hospital in austria, part of 26 people who were rescued from the back of a van yesterday. This follows last weeks tragedy in austria where more than 70 bodies were discovered in the back of a van. Officials arrested the driver of the vehicle containing the young children. All 26 people were in a bad condition. Gladly the Police Officers found the three little children. They were in varying conditions. So they immediately called the red cross, and they took over and brought the three with the parents to the nearby hospital. And neighbouring hungary the government is tightening laws to prevent human smuggling, activists say its making the problem worse. Andrew simmonds is in buda