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Lets take a look at what is happening in asia too. Those markets were closed. Hang seng off by. 1 and the shanghai up about a quarter percent. Youll see at this hour, slight gains across the board italy up three major averages up. 1 to. 2 . The tenyear is yielding 1. 772 . The 30year at 1. 28. We were just talking about all of this. All of those moves made. Pretty confusing to figure out what was happening and why i think there are a lot of people looking at a lot of these small events and does it have bigger implications. In this environment where everyone is feeling uncertain. I think these fractures make more people nervous. Whether this is a bigger issue, i will know this weighs on investors sieky i had a 2007, summer of 2007 bnp scare. There was maybe 2 billion that was frozen, sub prime and there was a freak out. At the time, it didnt feel meaningful this is the first time the fed stepped in the only time they did this was in the middle of a crisis. Thats right. This is a warning ....
Chief megan murphy. Lets begin with the european cover story. Perhaps the safest women in european politics right now because no one wants to replace her and they dont know the replacer with, theresa may. Megan this is the story that keeps on giving. You really do have some sympathy for the woman who has not only faced an extreme series of internal political challenges, including sexualharassment scandal in parliament, ministers leaving, but also overshadowing all of this is not only her own inability to lurch from crisis to crisis to crisis, but this fixed timetable on brexit and all the challenges they face over that in terms of securing a deal with the eu that is refusing to budge on so many issues about single market, timing, compensation. It is the worst of all worlds for her right now. Julia some people dont have sympathy. Why did you cause an election . Why did you squander the lead you had over that period when you went into this election . Some of the comparisons are john majo ....
Chief megan murphy. Lets begin with the european cover story. Perhaps the safest women in european politics right now because no one wants to replace her and they dont know the replacer with, theresa may. Megan this is the story that keeps on giving. You really do have some sympathy for the woman who has not only faced an extreme series of internal political challenges, including sexualharassment scandal in parliament, ministers leaving, but also overshadowing all of this is not only her own inability to lurch from crisis to crisis to crisis, but this fixed timetable on brexit and all the challenges they face over that in terms of securing a deal with the eu that is refusing to budge on so many issues about single market, timing, compensation. It is the worst of all worlds for her right now. Julia some people dont have sympathy. Why did you cause an election . Why did you squander the lead you had over that period when you went into this election . Some of the comparisons are john majo ....
Lets get down to business and tell you whats going on this morning. U. S. Equity futures right now. Youre looking at a morning with red arrows. Dow jones would have opened about 46 points down. Nasdaq off 49 points off and s p 500 off about 6 points. But as you would say joe so goes apple so goes the dow. And the nasdaq which has been doing better recently and then yesterday anyone cares to be watching says the dow is getting crushed down 200. If you added it up it was like 140 at one point during the day. The vast majority of the decline. Right. Which made me think that maybe the dow wasnt doing so badly, the other 29 stocks. But then after the bell i dont know how microsoft will be received but apple has a long list i have written down every Single Person that told me that i never will have ever anything to worry about. That 49 billion in revenue is the birth right of apple. You know what they say about history, it doesnt repeat ....