Safety and innovation to recalls. And ubs trades lower despite the market. This is after it is investigating a newspaper report that prompted it to release earnings early. Welcome, everyone, to the show. This is the second hour of wx wgs. Worldwide exchange. A quick look at u. S. Futures. We have a busy week. Not just meetings or you a fed policy week. Durable goods. But social media, on whether Companies Like facebook and twitter can continue to deliver growth. The dow up 70 points. Nasdaq up 1. S p up 7. Very interesting to see a positive open on wall street despite the volatility that we saw overseas in asia. Shanghai composite down. And in the meantime take a look at european equities. They seem to be following suit from overnight. The xetra dax down 91 points. A lot has to do with better than expected ifo data out of germany. 108 is the number for month of july, versus 107. 5. Perhaps the reason were looking at the German Market down at this moment. A quick look at bonds. If youre
Ceo of canadas largest diversified mining company. Have a look at european equities, trading just about 30 minutes into the end of the session. The far left column is equities. We are down for a fourth day on the stoxx 600. The worst run since november. All of these in the second column arising against the dollar mix there for sovereign bonds. Carrier, the dutch mail has the biggest decline since december. It has announced additional cost cuts today to account for this decline in demand for its postal services. Lowering its forecast for earnings this year and aiming to capture the Additional Savings and push through christ price increases, a percent lower. Today we had the euro Economic Confidence rising to the highest level since 2011. That is the wide line. Areas data confirming the economy is in better shape than it has been for years, falling unemployment with weak inflation providing a boost to consumption. We have got a bevy of Economic Data to confirm the improvements in the 19
Stronger dollar story. People are still going shopping in the u. K. Retail Sales Numbers really strong in the u. K. Yields up by around two basis points. Much more on that in just a moment. Most the yields rose the it almost a year. Abn egypt air an egyptair flight has gone missing over the Mediterranean Sea. We have the latest with riad hamade in dubai. Please tell us what we know at this point about this egyptair flight. Unfortunately, we know very little. It took off from paris, disappeared around 2 30 a. M. Egypt time from the radar. Airbus 320. Is an it was given to egyptair in 2003. It is not a very old airplane. The pilots were very experienced. Right now, the militaries of egypt and greece are searching forn any debris. David weve heard president that no causeris has been ruled out. Was it at cruising altitude and what was the weather like . Riad as far as we know, the weather was good. This is from the air traffic controllers. It was at cruising altitude come a sudden disappea
Average with consolidation after the games we have seen in recent weeks. Overall it was some real excitement, but in the end just a really quiet day. Not much Economic Data on the big Central Banks right now. In the meantime, things are very quiet. Its like two weeks of centralbank rhetoric that we are bracing ourselves for. Beginning with market minutes, Energy Stocks were clearly the start. On friday you will recall that they rounded up their best week since october, clearly building on that today, they are at their highest levels this year. In terms of individual names, exxon mobil is at a high. Dupont, monsanto, gaining. Dupont a name that we are watching after its bid, even though it and dow chemical had already agreed to merge. Meanwhileean joe Interest Rates and bonds continuing to yield across the curve. Obviously these are still really low numbers, off their highs from earlier. We are starting to see a with a little more expectation on higher rates with inflation growth. Is re
Got some big retail earnings this week. Ten years right about 274, some flat action in europe. German Business Sentiment was at a twoyear high. Netflix agreeing to pay comcast for faster speeds. Well find out if this could set a precedent. Karl icahn comes out swinging attacking the marketers and ceo john donahue. Well going to go live to kiev for the latest. First up one netflix will pay comcast for faster speeds for its video service. Analysts say the agreement could result for more cop tent Companies Paying for nervouses to get their product to the customers faster. Weve got a life exclusive with Lowell Mcadam koling up. Theyve closed the huge phone deal, closing that on friday. But yeah, i mean we expected verizon may be next, perhaps and well certainly ask about an agreement with netflix that their conflict if you will was highlighted in some of the press in terms of slow ore speeds particularly for fios customers pap they seem to be agreeing to pay some additional sum of money to