Caixabank and bankia talk a merge. U. S. Futures are none volatile with job growth expected to grow in august a warm welcome to street signs. Happy friday it is all about markets. Wall street took a nose dive breaking a 10day win streak now the question, is this a start of a bigger rotation out of growth quality stocks into more valuable parts of the market which have underperformed europe stands to benefit thats the way many investors are thinking about it the cac 40 and the dax in positive territory. The spanish market performing very well. Getting a big boost looking to merge there. Look at the sectors. The major gains coming in the most cyclical part of the market banks up, travel and leisure, basic resources, auto round out the best resources the most defensive parts of the market underperforming, food and bev down apple shares in frankfurt fall wiping 150 billion off the market cap it speaks to the size of apple that it can lose that many man in one day we are looking at those th
Primary race and michael europes largest mobil operator bloomberg gains ground saying he looks to complete the will sell his company if elected president. Sprint tmobile merger shares fly high in the merger group Bernie Sanders leads in the we are watching uk data closely. Democratic primary race. Michael bloomberg gains ground saying he will sell his company let me bring the numbers to you. If elected president. The number year and year has come at 1. 8 versus expectations. Core numbers of food, energy, alcohol and tobacco came in at good morning you can see a lot more green on minus 0. 6 that is 1. 6 yearandyear the board food more optimism the measure that includes the handing through the Catalyst Housing kpoenents has come in overnight was a drop in the reported number of coronavirus cases. 2. 7 versus 2. 6 and x energy. Notably yesterday after apple warned they were not going to they have come in better than meet revenue prices. Expectations in terms of Health Prices, they it had
Nikkei up. European equities right now as well a bit of a mixed picture ftse up slightly the tenyear note is trading at 2. 053. Now to the big story of the morning. Details on the hack capital one disclosing a massive data breach that affects 100 million u. S. Customers and 6 million in canada. The company says 140,000 social numbers and 80,000 Bank Accounts and 1 million Canadian Social insurance numbers were compromised. It says the largest category of data that was exposed was from credit card applications including names, addresses, phone numbers, dates of birth and self reported income the hacker also accessed customer status status such as payment history, Credit Scores and credit limits. The breach occurred in late march. The hacker accessed information through a vulnerability of the servers in an unnamed cloud company. The fbi arrested a suspect, Paige Thompson shes a former engineer at Amazon Web Services. Authorities allege thompson posted some data on gethub and a private ch
Before the open this morning along with twitter overnight in asia, you will see what was happening there the nikkei ended down by almost half a percentage point. Hang seng was down by 0. 7 shanghai in china, you did see stocks higher. Up by a quarter percentage point. In europe, the three major averages had all been in the green. The dax up by 0. 3 the cac up by 0. 4 the ftse up by more than that. Italy and spain stocks there weaker spain down by 0. 7 in the treasury market, again with the gdp number coming up later this morning at 8 30 the tenyear yielding 2. 069 everything that happened with the ecb yesterday what that means for the fed, well talk about all that coming up in a bit. On the squawk planner, we have first look at gdp in the Second Quarter thats on tap. Forecasters expecting an increase of 1. 8 after a surge of 3. 1 in the First Quarter on the calendar we will hear from twitter, mcdonalds before the opening bell next week it gets crazy. It is the busiest week of earnings
Julie he downplayed the need of more regulation of the Banking Sector and was on the same page fed inet yellens terms of raising rates in december. Stocks take a leg lower on these headlines coming out of north korea, the north korea fired a Ballistic Missile. Stocks now paring some of their gains, the nasdaq just went negative in the past few moments after they had all been trading a record. The kbw tank index is up here, as that was my thing rising more. Banking stocks to continue to rise connected to those Powell Comments on regulation. You see a mixture of the large banks and more regional banks that are doing well in todays session. Retailers are also continuing their recent run. We have seen more consistent strength and retail going into the holiday season. We were supposed to flipflop these, as some of the signs are looking good for the Retail Industry. Speaking of december, december is the only month of the year where we have not seen a decline for the s p 500 historically. You