Good morning to you all. Welcome to cnn this morning. Im amara walker. And im victor black well. So good to be with you. Tropical Storm Warnings are in effect this morning as lee is downgraded from a hurricane to a post Tropical Cyclone. New england starting to feel the impact of the massive storm. Boston logan is experiencing a spike in Flight Cancellations. So far, 25 of flights leaving boston have been cancelled. Thats according to flight awe ware. Lee is not expected to make landfall, but coastal cities can can expect powerful 50 to 60 mile per hour winds from outer bands of the massive storm. Heavy rain and storm surge could cause flooding along the n nebraska coast. Authorities are telling people to prepare to hunker down as the storm pushes north through the day. Lee is also expected to cause dangerous rip currents along the Atlantic Coast with many states warning people to stay out of the ocean this weekend because of those dangerous surf conditions. We are cover canning all pa
Data and they have a different much smaller number. Stephanie say it aint so, mr. Trump. Time to give you the top stories 32 big drugmakers reported earnings. Pfizer posted secondquarter revenue and profit that beat analyst estimates. Sales of its new cancer drug rose. Meanwhile, mercks secondquarter profit fell. Merck also raised its profit forecast for the year. The profits surge in the second quarter. At ford. Earning has rose 44 beating estimates. The reason, the demands for the numa aluminum bodied f150 pickup. Discounts on the truck after sales fell last month. The sales account for 90 of 40s profit. Ford said it will be september before the fully stocked. Matt i like the idea and i will get you one third you deserve one. President obama is wrapping up his five day trip to africa. Today in ethiopia, he warned African Leaders that the continents economic progress rests on a fragile foundation. He said something must be done to provide opportunities for young africans. President ob
The month of july. The month earlier, jim, was 99. 8. It was at the second highest level since the recession. 100 was the economists estimate. 90. 9. We are seeing Consumer Confidence worse than estimated. Im looking at the s p 500 on the screen behind me. It looks like we are not seeing a huge effect. If anything, stocks have rallied off of the lows of this early session. We will continue to watch the reactions, and the read through to the fed which begins its meeting today. Matt thank you. Lets go to the market. Right behind julie you saw the market rallying from a low. It was coming down a little after the Consumer Confidence number. He s p is up one third of 1 earnings surprises helped the market. The dow added. The nasdaq is unchanged at 5000 43 at 5043. Saying i rally that we have seen in treasury. It is being interrupted with a selloff in chinese equities. The treasury is a little bit weaker on your screen, the yield on the 10 year is up for basis points. The meeting begins toda
I look to the stoxx 600. What are people saying . Jonathan the only good news is we are on session we open much lower, down as much as 3 at one point. It is classic risk aversion to equities. Yields go lower, the dollar yen goes below 120. For me, the big headline is china, china, china. Nonmanufacturing pmi. The story we have been told over the past 12 months is short their manufacturing will weaken but services will improve. Erik i want to bring mike into this as well. Is vicks is what everyone talking about. The volatility that comes as a result of the implied vote of futures. The best thing we have got going , this is the ball in european. Tocks it is up 10 right now but that index, again, this is our best proxy until the vicks starts trading at 9 30. Session lows. The caveat is european volatility has picked up at a time when actually u. S. Volatility, the vicks, has stayed pretty much muted throughout the year. Finally, the vicks woke up. European volatility is being heightened a
You are watching Market Makers on bloomberg television. I am matt miller in for stephanie ruhle. It is a day of terror, shock and morning in paris. Security has been tightened to its lot to his ties level. Masked gunmen killed 12 people and wounded eight others in the shootings of the offices of a french satirical newspaper. The Associated Press says the chief editor of the newspaper and two Police Officers are among the dead. The attackers remain at large. Francois hollande says the country is in a state of shock and escalated the terrorism alert. Along this schedule to speak at 2 p. M. Eastern time. Earlier he was on the scene and this is what he had to say to reporters. An act of exceptional barbarity was committed here in paris, which is to say the expression of freedom against journalists who always wanted to show rants they could act to defend their ideas and to have this freedom, which is protected by the republic. Here is a statement by president obama. France has stood shoulde