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Leaked that were very frank about his assessment of the president , and it was not very flattering. It was business as usual, but five hours later that proves not to be the case. David but President Trump really had gone after him, even calling him stupid and things like that. At the same time, the British Government backed him. But it is hard to do your job if they are not going to talk to you. Alix for sure. But also the leaking. He was supposed to report back. That was the point. In the markets, we are seeing a bond selloff headed into the fed , particularly on the long end and in europe. German bund yields are at their highest level since three weeks ago. You have persistent weakness in the equity markets, down 2 10 of 1 . It is a mixed dollar story. Some industrial output from europe. Eurodollar goes nowhere. Yields up by about three basis points, 2. 1 . We havent s ....
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple ....
Is there a misprice in the market half ha the Halftime Report begins right now. Welcome, our Investment Team at the table today kourtney gibsons back, the president of loop capital markets. Also with us, the head of u. S. Equity strategies as jpmorgan. We begin where we usually do, the markets. Stocks looking to build on their gains in june. So much riding on whether the fed will cut Interest Rates or in the very least attempt to signal in their next meeting next week. Steve weiss, 2 from highs on the s p. Can we get there without a rate cut or signal that one is coming absolutely we can get there the market is trending up. The down days werent really down they were sort of nonevents. Up days had been much more significant. The market just wants to go higher, thats the bottom line look, it all comes down to trade. That ....
Two tankers believed to have been attacked in the gulf of oman on the coast of iran. Dan joins us from dubai. Dan . Reporter a full scale investigation under way after this suspected sabotage attack on two tankers in the gulf of oman these pictures, youll see how severe the damage was. What these pictures show is a tanker with highly flammable products, adrift and ablaze near the strait of hamuz. This first ship is believed to be the japanese kakuka and it was moving methanol from saudi arabia to singapore. All 21 crew skaeed with just minor injuries after they abandoned ship and rescued by a nearby vessel. Second was a norwegian owned tear transporting crude products into asia. Whatever happened caused a fire to break out on board. It had to be rescued without injury we still dont know who or what caused such damage and no individual or state actor came forward to claim responsibility but what this does represent is another skirmish in the region, just as tensions between the United States , New York , United Arab Emirates , District Of Columbia , New Jersey , Saudi Arabia , Gooding Jr , Rick Santelli , Sarah Sanders , David Katz , Sara Eisen , Ian Sohn , Bob Mcnally , Jonathan Cohen , Mike Pompeo , Tim Cook , Severe Damage , United States Iran , President Trump , Oil Spike , White House , Oil Tanker , Administration Knows , Growth Oil , Oil Demand , First Quarter ,
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out ....