Some are coming in. 44 basis points, a big move this week. Sterling is a little bit weaker after the weaker confidence numbers. The vix is up 50 yesterday. Its the weakest quarterly average since 2006. Gold futures pretty much go nowhere. Is important Economic Data coming up at 830 a. M. Eastern. May, data is of being watched. Time, they are calling for little change to the preliminary estimate. At 1 00, investors will be watching the weekly recap. This is the longest uptrend in two months. Alix look at that. Ofy good Economic Data out europe today. A prudent call for approach to normalization. Thats a good sign. They want to see proof it it can be sustained. , we haverom london Michael Mckee from bloomberg. Do you see the reflation in the day that . Mike you do a little bit. Its hard to take anything out of one month. The Energy Prices are out of the european numbers. Inflation rose from the prior month. You can see it in the energy numbers. And only 4. 6 in may 1. 9 in june. You have
Adam shapiro joins us with all the details. Reporter its important to know in regards to tax reform, they have always been on separate tracks. Tax reform will be guided by what will eventually be the 2018 budget resolution in the house and senate. Tax reform according to chairman kevin brady of the ways and Means Committee not in jeopardy. But with healthcare, you saw what happened today. Lets look at the three nors who for lack of a better term killed the repeal of obamacare. Yet there may be at the end of the kay the ability to come together, democrats and republicans. Let obamacare fail. It will be a lot easier. I think we are probably in that position where well let obamacare fail. Im not going to own it. The republicans are not going to own it. Well let obamacare fail and then the democrats will come to us and say how do we fix it or come up with a new plan. Reporter the democrats are quick to shoot back saying the president wants to sabotage income the United States. The presiden
Shanghai up. Early trading in europe, modest advances across the board. Cac is up. If you look at crude oil, last week was big for oil up 4 for the week, in spitting distance of 50. Up to 49. 78 a barrel. Corporate news the big one, Charter Communications announced it is not interested, i repeat, not interested in buying wireless carrier sprint follows news friday that sprint was interested in merging with charter to create a media outlet controlled we understand why a deal is attractive for softbank. Could kill any chance of deal between the companies. The wall street journal saying the ceo could make a formal offer anyway take a look at shares of sprint. Put context around whats going on sprint up close to 6 . Charter up marginally as well. Surprising sprint is where it is sprint had been talking back and forth to t mobile. Thats been the natural partner. T mobile effectively spurned sprint and sprint has gone on this sort of merger talk spree with anybody who will listen surprising
America and thats widely considered to be the main driver of julys gains which were the best since february. Today the market was mixed. The Dow Jones Industrial average advanced 60 points to 21,895. Nasdaq fell 26. The s p 500 was off just slightly. For the month, all the major indexes were up. The nasdaq was the big winner. Bob pisani takes a look at what worked for investors and what didnt in july. Reporter was a good month overall. S p up about 2 . Up nearly 11 for the year. Techs been the leader and it was again in july. The demand for semiconductors to power cell phones and appliances keeps going up. Oil had a big rally going from 44 to nearly 50, but didnt help a lot of oil stocks. Exxonmobil hit a 52 week low on friday. Banks were mostly down for the knot. They benefit when Interest Rates are higher and traders have been surprised rates have not been rising despite the improving economy. Inflation, for example, remains below the Federal Reserves target levels. One major issue,
Good evening from me, as well. Media mergers were the talk as murdoch made it clear he has a new target, timewarner. Murdoch made a big bid. He offered 80 billion but timewarner rejected it. It doesnt mean the story is over, far from it. Many believe the price tag could go higher and if the deal gets done, it could prompt a wave of mergers in an industry a lot of ways. The stocks went 17 and had impact on 21st century fox which that dropped 6 . What is it about timewarner murdoch wants . Does this deal make sense and which Companies Might be next . Julia boorstin has the story. Reporter murdoch combining rivals with key complementary assets. Fox bringing the broadcast network and cable networks, fox news and fx. While has an unprecedented cable asset, hbo and tbs and tnt. There is also a sports story in this proposed merger. Timewarners tnt and tbs controls rights to nba basketball and fox has been investing to build a sports empire to rival espn with the launch of fox sports 1 last ye