opens in percentage terms. s&p would open down about 3.5%. dow futures down by 2.7%. the nasdaq down 3.4%. counterfactual here from the fear mongers. i think the sun will come up tomorrow. the european markets are having a rougher go of things this morning. ftsi down, the dax over a 6.5%. the cac in france down 7.9%. italy stocks down close to 10% and in spain the ibex is over 10%. concern about weaker potential economies what would happen if after brexit the rest of the european union starts to fall apart let s start working on. we have grexit as a word. italian-exit. span-exit. port-u-go. we need to start working on the signs. i think it s already gone someone told me. some that ugly looking thing. let s look at the currency markets that is where much of the havoc had played out again. the pound had gone into this on the assumption that this vote would go and the uk would actually remain. as a result we saw the pound almost at 150 yesterday. right now down
look into the future. today kicks off with a focus on investing. our guest today is hedge fund legend leon cooperman and gabelli and rick rieder. we re excited to bring you this conversation all here at 8:00 eastern time and later this week, presidential candidate jeb bush and bill ackman but first let s get you up to speed on today s headlines. so that was the 20 year i thought it was 20 years since we had all been here at the same time. three months. no, three months. summer is up. beginning of game day. it s a feel good song. we are united. we have not seen each other for weeks. let s get caught up this morning. u.s. he equity futures. here it s. we ll show you what s going on. we are rallying this morning. dow looks like it would open up much higher. s&p 500 looking higher as well. another volatile trading session but by the end of it things were looking up there as well. chinese stocks rallying into the close. the top economic planner approved railway proje
but still, the dow futures look like they re up about 24 points above fair value. s&p futures up by 5 points and the nasdaq up by 11 1/2. among our guests today, we have lee cooperman joining uts at 8:00 a.m. wholesale trade and monthly same-store sales. as for earnings, we ll get results from pepsi before the bell. alcoa kick off earnings season last night. the company posting better than expected results. ceo clause clinefeld was on cnbc last night. on an absolute basis as well as on a margin basis, we saw an increase of profitability year over year of 45% in the mid extreme. and the best quarter in the upextreme brings since the second half of 08 when it started to get weaker. shares of alcoa are up about 50% in year. in other corporate news, amd is replacing ceo rory reed. the market value is nearly halved since he took over in 2011. the chipmaker is trying to expand beyond its core pc market. lisa su will take the chief executive role. some annists were surprised
zionist union. whoever wins will have to form a coalition. nine told voters he will not allow the establishment of a palestinian state. iran is sending weapons to iraq to help fight islamic state. the weapons include artillery rockets and missiles. there is a concern that the weapons could cause massive civilian casualties. iraqi-led forces are trying to recapture tikrit. the us-led coalition launched airstrikes. the u.s. is not taking part in that assault on tikrit. new york real estate heir robert durst has been charged with murder of a friend in california. durst was the subject of a documentary on hbo. in a finale durst appeared to admit to killing three people. brendan: mario draghi says the euro area needs to calm fears that governments are not accountable. draghi was speaking in frankfurt. he says it is time for europe to make a link between decisions and responsibility. mario draghi: there must be a leap in institutional convergence. we need to move from a system of r
will be joining us. but first the top stories. it s nice to see you again. we ll do these stories in a second. we ll take a look at comcast. it looks like they are beating it looks like they are beating on both the top and the bottom lines there. 79 cents, x items, and then 17.83$17.83 billion in revenue. okay. in the year ago quarter, you had sochi, this quarter, you have the super bowl. so to compare apples to apples, there s a lot of excluding of different revenue metrics. comcast is excluding olympics and super bowl but thompson reuters is not. most of these numbers look like they are above analysts expectations. we should point out just right off the bat here i think the company is going to there it is share repurchases. people were talking about that. once the deal brian alluded to it when he was on the show. also combined with the dividend increase you d like to send your application to an additional lpder in the future. in some cases the