10 year. Lets get your earnings. Walmart coming out with earnings, secondquarter adjusted eps coming at 1. 08 above the estimate of 1. 07. Walmart seeing years adjusted 4. 40 to 4. 30. Nothing that stands out in terms of missing or beating estimates. In theown by about 1. 23 premarket. On the year, what a performance so far this year. Jonathan they have really come back david they have really come back. Jonathan up 17. 4 . David time now for the morning brief. We will be getting weekly u. S. Jobless claims and the Philadelphia Feds business outlook. Bill ackman will prevent his adp thesis, addressing questions from investors and analysts as he makes the case for improving the companys performance. We get u. S. Industrial production data for july and we hear from Robert Kaplan speaking time. As at 1 00 eastern all through the day, we are all going to be focused on washington and the aftermath of the collapse of the president s very is leadership councils. Kevin cirilli joins us with the
We have a most interesting day because we have a record low for the 10 year yield, and we have quite a lot of movement on currencies. It is very nuanced. When i was suggest is we are looking at charts from denmark, charts from new zealand, charts from south korea. It is a global new wants to day with a letter attention to it. Most people are saying do not look at tech valuations, it is negative rates that are putting in boko haram yields. We will discuss that next. Lets get to bloomberg first word news. Ramy israel is cracking down on palestinians of during the first major attack. They opened fire in an tel aviv shopping district killing for his release. In response israel has revoke permits for palestinians to visit israel and travel abroad during robin done. Those who want to u. K. To stay in the European Union warned that it breaks it could cost jobs. Some companies have already frozen hiring in u. K. While others are using shortterm contracts to fill jobs. Meanwhile the deadline to
Of trading this week. The dax off by 0. 8 . ,f you lift out the stoxx 600 the biggest moving group is travel and leisure, perhaps no surprise. Switch up the board very quickly. Look at this. Dollaryen. Potentially the biggest weekly gain for dollar and in dollaryen in percentage terms in years. Treasuries having their worst week so far this year. 1. 54 of the u. S. 10year. David w. turning to the attack on nice, president hollande held an emergency meeting after 84 people were killed during a terror attack in the Southern City of nice. We turn to our bloomberg colleague who has been reporting on the story. Please bring us up to speed on what we know about this attack up to now. We know the name of the attacker now. Mohamed lahouaiej bouhlel. He has been identified as a 31yearold french tunisian national. Apparently, a family man with three children. His drivers license was found in the truck and police have man who was is the driving the truck into the crowd last night. He was not know
Profitability. It all comes down to cost cuts. Hsbc heading annual cost of bout 5 billion. Jonathan he had a bit of a message for the bank of england. Alix and it come downs to the Retail Banking sector. Were going to have a big interview in the next three hours, talking commodities with the new man in charge over at oy tinto rio tinto. You look at overall at the arkets, it seems to be a risk. Jonathan s p 500 futures marginally negative. In europe, its the ftse 100 thats soft but no drama. Hsbc stands sure leading the gains. In the f. X. Market, this is the one to watch as the cable rate against the u. S. Dollar ahead of the bank of england decision. We are positive on the day but we trade at 39. 78. And ahead of pay rolls friday, ahead of the bank of england decision on thursday, yields coming in on 30year treasurys and off 30year gilds as well. Alix time warner increased its full year outlook and a 10 investment in hulu. You can glean it beat on earnings coming in at 1. 29 a share b
Wall along the southern border. And mexico will pay for the wall. The growing number of hispanic voters, can he win the white house with this position . We are nearing the Halfway Point of the trading day. Bloombergs Abigail Doolittle has the latest. We have the u. S. Averages in decline mode today, this after there was a surprise contraction to the august isn manufacturing number. Dow, s p and nasdaq all trading lower on the session today. Nasdaq, its the first threeday decline since the middle of june. We take a look at the s p 500 on an intraday basis, the turn of the s p 500 today, we do see that the index is trading right near the lows. Not a lot of reprieve, the drop came after that contraction or shortly thereafter that ism report around 10 00. The s p 50038 of not making a 1 move. Theres Interesting Research from the spoke Investment Management talking about the ina that the source of lulls market activity tended to and in a decline or move down 1 or more. We will have to see w