After delaying its ipo and new details on facebooks newest project to develop augmented reality smart glasses. Worldwide exchange starts right now. Good morning, im Courtney Reagan in for Brian Sullivan this morning shares of fedex crumbling. The company missing on earnings and lowering guidance. Much more on that stock coming up you can see shares down more than 11 in the early going. Here is how your money and Global Markets are setting up their day. Stock futures are indicating a slightly lower average dow jones lower by 34 points s p by 4 and nasdaq by 10. 5. It is fed day. That is really the focus not just in the u. S. But around the world. Looking at the bond market we continue to watch closely the different between the 10year yield and the twoyear yield the two year is 1. 711 and the 10year at 1. 77. In japan, stocks closing slightly lower so nikkei down the hang seng as well. The composite is up by about a quarter. Everyone waiting to see what will happen when we hear from the
Disgrace for warning undocumented immigrants about possible i. C. E. Arrests. To me thats obstruction of justice. And in january of this year, mr. Trump lashed out at speaker nancy pelosi, tweeting clean up the streets in San Francisco. They are disgusting. City leaders have always acknowledged that the homeless situation has been one of the citys most challenging problems. Needles and human waste have tarnished the citys image. We stopped to ask a city worker who collects garbage, and, yes, needles, if he has seen a change. Has it gotten worse, better, more, less . Less. Reporter less . Less than before. Than last year. A lot. Reporter it appears he may be right. Numbers from the Health Department show that in 2018, more than 3,825,000 needles were collected. This year, through april 30th, nearly 1,083,000 needles were disposed of. Again, those are only partial numbers. I cant begin to pretend as if i know whats going on in the president s head. I then asked the cochairman of the San
Of maniacs who invest in the stock market nasdaq, declined. 22 , you got to remember that rising bond yields like we got today and much of this past week, make investors feel more confident about the economy. When you see the yield in the benchmark moving higher, it makes you feel like we can avoid a recession. Regular viewers know i think the fears about recession are overblown. If anything, we have had a mild slow down. We could reaccelerate if the Federal Reserve keeps its strategy of cutting rates. Why didnt i buy the argument the recession, because their whole thesis was about the bond market itself. Remember the inverted yield curve when long rates went before short rates, they told us that was an infallible sign of slow down. I thought it was a false tale. I told you that. Treasury yields, our rates are so much higher than the rest of the developed world. You had tons of foreign money flooding our bond market pushing prices up and yields down. Now the smoke is cleared, and its f
Democrat, were willing to accept extraordinary disadvantages to american jobs. Billionaire telling the fed, they are, quote, screwing savers and says donald trump is wrong for his attacks. The president is doing a lot of wrong i wrote down yesterday, i said Consumer Confidence is up, retail confidence is strong, consumer net worth is at record levels, economy is growing at trend. Rbs investors welcome allison rose to become the first female ceo of a major british bank. Sterling hits a twomonth high after they say a brexit deal is possible hes open to a deal that might replace the irish backstop good morning the u. S. Vice president mike pence told cnbc at the alpha conference that President Trump is defending economic interests as they resume trade talks in washington, d. C. Today when it comes to china, it is a whole different ballgame we run 500 billion trade deficits with china and we estimate we lose almost as many in intellectual property theft almost every year. What the presiden
With all the releases. Melissa, apples biggest day of the year is over. What did investors learning learn today . You saw the ceo take the stage and introduce three new smartphones, the no lower priced iphone 11, faster processer, 6. 1 inch displays. Better battery life. Interesting to note, the price 699 about 50 cheaper than its predecessor the 10 r which remember is apples best seller then the high end, the 11 pro, 999 with a 5. 8 inches splay and the 11 pro max at 1099 with the a 6. 5 inch splay shipping on september 20th mieper says overweight the name he tells his clients listen as long as new iphone hardware and services perform well he thinks that does tie investors over until 5g hits hits it wasnt just iphones it was a focus on wearables. We saw the new watch starting at 399 and 499, 46789 G Network Connectivity new features like the always on display. Youll be ableto see time and notifications when you havent raised your wrist. Landing in stores on september 20th finally more