Things up in the stock market by making investors and managers focus on companies longterm interests. Joining me is the founder and ceo, eric reese. Eric, its good to have you on the program. Thanks so much for being here. Thanks, happy fourth. Maria i want to talk about the longterm nature, but first, youve got some news. Tell us about the filing that the company made. Yes. So we were approved as a National Securities exchange on may 10th, and now were making our first in a series of filings that are the actual standards, the principles that companies have to comply with in order to be on our exchange. Maria lets talk about that in terms of the Ownership Structure of the company, which is what a lot of people want to better understand. Sure. So at this stage were talking about the disclosures that companies will be required to make that show how theyre in compliance with these principles. The principles are things that are aligned with what a 21st century company, a founder and employ
Jobs report are moving markets today. And the u. S. Womens soccer team claimed the world cup trophy once again. The highlights and the brewing controversies. It is wednesday, july 8th. Fbn a. M. Starts right now. Im still standing. Better than i ever did. Looking like a true survivor. Feeling like a little kid. Im still standing. After all this time. Cheryl welcome to fbn a. M. Anfbn a. M. Im cheryl. Tracee im tracee carrasco. Cheryl a lot happening in the markets. The dow is down 43, s p down 4 and a quarter, nasdaq down 18 andahalf. Tracee lets take a look at the yield on the 10 year treasury. You can see once again up about 2 . It soared over 2 , its highest jump since january after that jobs report on friday. Cheryl weve got more data coming out this week. A few things to watch, Consumer Credit coming out, thursday, the Consumer Price index, another gauge of inflation and mr. Powell will be testifying as well. Tracee as tensions in iran continue, lets check on oil right now,. Chery
We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank announcing it will pull out of Global Equity scales, scale back Investment Banking and slash 18,000 jobs as part of a Global Restructuring plan you have been following this story obviously throughout the weekend. And i thought your comments earlier with dom chu were interesting. You sort of term this as ripping the band aid off. Finally. Perhaps a little too late. Finally exactly. So 18,000 had cut
Jack ho. Markets under pressure, one of the lead stories in the joint venture nail thijournalthis mor. 62 points bother on the dow futures, s p down a 5 and nasdaq lower by 28 right now. Youve got the u. S. China trade, officials from both countries working toward a phone call this week as the chinese Vice President is taking a swipe at the u. S. , saying the world cannot shut out china. President trump commented on the negotiations yesterday. Watch this. Were doing very well with china. Thats right. Most importantly, were doing very well with the tariffs. Weve taken in billions and billions of dollars from china. Weve never taken in 10cents from china. Right now, chaff i china is noty happy because thousands of companies are leaving china and theyre going to other places, including the United States. Because they dont want to pay tariffs. Maria joe biden weighed in on the trade talks, speaking in South Carolina yesterday. The former Vice President acknowledged china is a problem but s
The same this year what were hoping for, as you go into 2020, is that perhaps 5g starts to be a catalyst for the shares, but youve got to get through the cycle first. What happened to the last half year we spent talking about how services and wearables will make up for whatever weakness there may be in the classic cycle . Yeah, and that hasnt been our call and the problem with the services is that its just too small as a percentage of the total. So services, as one of the examples, you would have to add, for the video service, about the equivalent of ten netflix to offset what the loss you know, the decline in revenue from iphone over the last year so it just gives you a sense of large numbers, because iphone is so large that puts a little context around it. Mike, i mean, apple is trading lower today, but so are the other f. A. A. N. G. Names, as well is this one of those scenarios where we need to be talking about more about the impact that f. A. A. N. G. Has on the Broader Market to