Good morning welcome to Worldwide Exchange on cnbc. Im dominic chu. Im seema mody in for wilfred frost and sara today this morning we are seeing some red after a big green day yesterday. You can see for right now we have an implied open on the dow of down just about 180 points. The s p indicated to open down by 16 and the nasdaq down by 29, 30 points. A nice 410point gain for the dow yesterday maybe sets things up for a breather today. Well see if that selling pressure holds steady or gets exacerbated. The tenyear note yield, a bit of a bid to treasury bonds, so yields are lower this time yesterday we watched and saw the tenyear treasury note yield around 2. 88, almost 2. 89 . You can see now 2. 83 is where we stand on that u. S. Tenyear treasury note. Lets look at stocks in asia overnight. Asian stocks closing higher with the exception of japan, which closed lower by 0. 7 thats due in part to the rising yen. You can see a strong move for the shanghai composite the kospi higher by 0. 4
Exact cause is. Reporter i did ask caltran, now that they know that that field is prone to fight your will they use Something Different when they replaced it . They did say that the engineers are looking into it, and it is a possibility. Kron4 news catherine caltran is looking at a water leak that is threatening the foundation at the main part. Then last year there were reports that some of the steel rods were sitting and rain water that cost a lot of concern to it that even before the bridge was finished. Caltran faced problems with thatbad bolts that broke. Catherine Maureen Kelly got a look at the federal search long. Catherine search room reporter just days after muller was placed under all rest. According to our arrest records a number of high gadget devices including fullfour drones and a receiver. With a black role take, a stained mattress pad and more. Someone was planning to be one of the perpetrators of the crime. The kidnapper claim to use a drone. They also searched the sto
Vonnie the bloomberg Commodity Index is lower than it was during the hanging meltdown. New york oil is hovering around the 50 per barrel mark which is the lowest its been since april with speculation the Global Oil Glut is not going away. The greek exit from the euro may be back on the table next year. Almost 0. 75 percent of the euro says they will be out of the euro in 2016. The bailout package should be too small. A newspaper and i will his race for the residential nomination. The Des Moines Register calls him names. He commented on immigrants and make comments about john mccain. He has surged into the lead for the republican nomination. A new poll shows he is the favorite of 24 of republicans and those leaning that way. Nike has given Ceo Mark Parker a stock or that is 10 times higher than what usually gets. He has restricted stock with a target of 30 million but he gets it if he stays with nike another five years. The cofounder has endorsed parker to succeed him as chairman next y
Prison reform from president obama includes 5000 taxpayerfunded grant for college for Prison Inmates. And dont create Weapons Systems that think for themselves. Elon musk and others say it is an arms race we dont need. Stocks up oil flat, gas down. Varney company is about to begin. Here we go. Breaking news just crossing the wire now. The case shiller report all about the state of the Real Estate Market. Measuring home price movements. Ashley here we go. Ashley i do. Up from april, 1. 3 . So, okay not great, but okay. On an Annualized Base sus up 4. 9 . And coming in under estimates, but it could have been worse. And its frustratingly slow which weve seen in the market. Year on year in the 20 cities the prices went up 4. 9. Ashley 4. 9 its okay. Stuart right. Ashley its in the right direction, but frustratingly slow progress. Stuart thats the Real Estate Market as we speak. The other markets which are moving, i might add. Dow futures are about to open up 58 57 points higher, but the do
Minutes, we are joined by hsbc advisor stephen king. Francine first, chinas yuan has triggered the biggest twobase hit law since 1998, fueling concerns that market volatility will slow growth. Manus the peoples bank of china lover the reference right today, just one day after cutting it by a record 1. 9 . Lets find out how the markets are reacting. Dollaryuan. D you im going to show you the flipside today, yuandollar. Effect,u get the down which is more important. The yuan sinking for a second day. The twoday drop, 3. 61 . That is the biggest twothey drop since 1994. Ripple effects are being felt across global markets. Chinas Central Bank Says there is no economic or financial basis for the Exchange Rate to fall continuously. Ill let mr. King decide whether that is the case. A Ripple Effect is being felt in bond, commodity, and stock markets. Look at the msci emerging market index. I showed you a oneyear chart. Was ther, september 3 peak for the period. From then, through to yesterday,