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Tonight everybody just have a good time very good morning and warm welcome to Worldwide Exchange on cnbc im wilfred frost alongside seema mody. Also joining us for the next hour, ron. Great to be with you all. Lets get you up to speed on the markets movements. Yesterday we were higher but only slightly by a quarter or half a percent for the nasdaq. Were just losing about that amount this morning. The dow called lower by 72. The nasdaq by 30. The s p by 11. Although we are down at the moment we are still up for the week. Sorry slightly down yesterday. Got it wrong. Slightly down yesterday but all three are still up for the week as a whole. Lets have a look at the bond market. As well the 10 year treasury note has seen significant yield compression in the last week or so. We are near the lows as you can see from the chart. 1. 67. One of the key drivers though is bonds elsewhere. And well get to that. Currencies and commodities a ....
Radar headwind weighing on the banks. Were going to talk about that. Both sides of that issue coming up. Plus, unfortunately in venezuela latting continues as they grapple with Food Shortages and an economy that is definitely in crisis and the president is in exile here in the u. S. The director taking a direct swipe at jack dorsey. Well tell you exactly what he said. Lets start with the comeback in stocks today. Bob pisani with the latest. Bob . Its been an interesting day. To a certain extent were become smacked around by brexit concerns and particularly on the currency markets. Take a look at what happened just about the time of the european close at 11 30. The dollar weakened. The euro strengthened as well. It happened when we heard about the tragic death of the mp over there, joe cox. We saw knockons as a result of that. We saw a modest lift during that time and weve just turned positive for the day. The dollar weakness had a ....
For many markets. The dax is up 1. 24. France is you will over a 1 so is the ftsi. And crude oil rising for the first time in seven days. Wti up by 66 cents. And also look at currencies. The pound making a sharp comeback this morning after tumbling to a more than two month low. Both the uk referendum campaigns have been suspended after the killing of jo cox. Gonna show the currencies because problem with the goes back to 1. 43 in watching it. The betting market, didnt get up to 70. Now i think the betting market was the pound. That might be a better indication of whats happening. Right. The one market thats really kind of got its finger on the pulse. Im sure the betting market obviously it is not as big as the foreign currency market or the pound. 1. 42. And then we didnt show gold. Gold is gold is going down. Gold is going down. After seven straight days. Now you are ready. No im not. It was down like 8, 10 or something. But its on a roll. Down 11. 11. Long way to go. In the meantime. ....
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