now that the central bank backed additional funding. athens works on a deal witsh it s creditors. michelle will join us in a few minutes. business activity expanding at the fastest pace in four years this morning. the latest data suggesting a recovery in the region is gaining traction. walmart and sears say they will stop selling products bearing the confederate flag. they come a week after a white gunman shot nine dead at a historically black south carolina church. the state legislature is set to meet today and officials are expected to rally outside the capital to call on lawmakers to vote on removing the confederate flag from the state house grounds. they have bipartisan support and the backing of governor nikki haley. there will be some in our state that see this as a sad moment. i respect that. but know this for good and for bad whether it s on the state house grounds or museum the flag will always be a part of the history of south carolina. but we can say that flag
it s down 1%. shanghai is down close to 1%. we are getting news out of reuters japan manufactures may cut profit targets. that is certainly a story that the market is watching. here s what s happening in europe. the ftse 100 in the uk is the only average that is positive although only by about .10%. good morning. we ll get to politics in just a minute. starbucks missed forecast for the third straight quarter. customers making fewers visits. earnings matched estimates, but revenues fell short. changes to the loyalty program and happy hour weighed sales. also cutting annual sales growth target to 10%. chipotle experienced a drop. free food and safety measures failed to bring consumers following several food born illnesses last year. dow components is set to report this hour. we ll bring you the numbers. that s about 6:30 a.m. in about a half an hour. all right. scott. good to see you. thank you for being open to the early wakeup call. get through this together. if we were u
where are we? around there. as you can see. hanging around 44.50 on wti and you see brent as well. our road map this morning starts where you expect it to, donald trump, taking an ominous tone in his acceptance speech at the republican national convention. we will bring you the highlights live from cleveland. and we have a parade of earnings this morning, stocks moving on those results, everything you need know about the reports. ge, starbucks, at&t, honeywell and a lot more. roger ailes is out at fox. what happens next? and what it means for the entire media landscape. in his acceptance speech last night at the republican national convention gop nominee donald trump set in the tone for a battle against hillary clinton. amon javers is in cleveland and brings us more. good morning. good morning, david. it was a family affair at the republican national convention in cleveland last flight. donald trump s daughter ivanka introducing him to the crowd. a lot of americans wi
the nasdaq is off by 18. this comes after both the s&p and dow closed at their highest levels of the year after yesterday s fed meeting. that fed meeting along with the news conference with fed chair janet yellen, we re going to be talking more about her message. in the meantime, take a look at wti. it is up by just over 2% to $39.28 a barrel. getting closer to the $40 level. also, if you take a look at the currencies, the dollar is down against the euro, which is all the way up at 1.1308. the yen is trading at 111.36. dovish federal reserve keeping interest rates unchanged, suggesting it will be very cautious about future rate hikes. a pretty upbeat assessment of the economy. yellen had this to say at the news conference. you have seen a shift this time in most participants assessments of the appropriate path for policy. as i tried to indicate, i think that largely reflects a somewhat slower projected path for global growth, for growth in the global economy outside the
john harwood caught up with her earlier this week. we ll bring you that conversation later this hour. first let s get to the markets this morning. we have seen a lot less volatility since people have been waiting to see what the fed does this week. you can see that the futures are relatively flat. dow futures down 3 points. s&p futures off by 2. we started yesterday down 50 in the morning and ended up 250. you have been talking about more than 400 points during the day. a lot of people are waiting to see what happens. that s one of the reasons people say let s get it out of the way. a lot of stuff. he thinks there s a crash coming. he thinks there a crash worse than 2008. he says already. and that it pushes people into causing the buy back stock and inflate their stock price. causes emerging markets. the fed s exples sit. he thinks there s a reckoning. he says that there s a reckoning to come that s going to be worse than the financial crisis as a function of