Fed. David today is jobs day. Last night, july 4 celebrations, including in boston led by alix steel and carol massar. It does strike me as i talk to you over in europe that one of the really iconic moments is an overture written by a russian composer, tchaikovsky, about a european war in 1812. It is kind of ironic. Incidentally, i remember trying to play that. With all the cannons firing, very difficult. But i digress. Seeing the market may be not hoping for them many fireworks. Lets have a look at the data right now. S p futures pointing downward. European equity markets a little bit sluggish. The euro is a little weaker. German data came in disappointing. Yields on the u. S. 10 year around the 1. 96 level. Weve seen selling in stocks and bonds in the european morning. Ive put iron ore in the data check today, not oil, because we seem big drops in iron ore in the Asian Session once again. It has been dropping like a stone. Story ise iron ore really quite something this morning. It is
Midnight in london and 7pm in washington, where injust two hours donald trump will address a joint session of the us congress for the first time. Its a much anticipated event with ramifications for policy and politics. Lets go straight to washington and speak to our correspondent Laura Trevelya n. Speak to our correspondent Laura Trevelyan. We know this president ial address to both houses of congress is not a State Of The Union but it sounds and looks like one. What are we expecting . It is in effect a State Of The Union, were expecting an optimistic speech from the president. He was widely criticised for the dark apocalyptic tone of his Inauguration Address when he talked about American College but tonight the white house says he will be upbeat and lay out a vision for all americans despite interest groups, but this will be a uniting speech, this is what the white house is aiming at. Republicans in congress are saying they dont want to hear about the president s twitter account or fa
Midnight in london and 7pm in washington, where injust two hours donald trump will address a joint session of the us congress for the first time. Its a much anticipated event with ramifications for policy and politics. Lets go straight to washington and speak to our correspondent Laura Trevelya n. Speak to our correspondent Laura Trevelyan. We know this president ial address to both houses of congress is not a State Of The Union but it sounds and looks like one. What are we expecting . It is in effect a State Of The Union, were expecting an optimistic speech from the president. He was widely criticised for the dark apocalyptic tone of his Inauguration Address when he talked about American College but tonight the white house says he will be upbeat and lay out a vision for all americans despite interest groups, but this will be a uniting speech, this is what the white house is aiming at. Republicans in congress are saying they dont want to hear about the president s twitter account or fa
Welcome to squawk on the street. Im Carl Quintanilla with david faber, sarah eisen, mike santoli at the new york stock exchange. Were going to talk about the the debate. Futures up ahead of a busy week. German expect data, bond market is closed for columbus day. A contentious debate in st. Louis last night, the tone set when both candidates entered the stage and did not engage in the traditional handshake. After that a focus on trumps hot mike remarks in 05 about women that has created turmoil within the gop. This was locker room talk. Im not proud of it. I apologize to my family. I apologize to the American People. Certainly im not proud of it. Have you ever done those things . Women have respect for me, and i will tell you, no, i have not. What we all saw and heard on friday was donald talking about women, what he thinks about women, what he does to women. And he has said that the video doesnt represent who he is. But i think its clear to anyone who heard it that it represents exactl
The stronger yen has made sake go one of the big losers up the day. A fouryear profit outlook by 58 . Taiwan and malaysia have come online so we go to juliet with a look at what is happening. Not a great day again for investors in this region and we have seen those markets coming online join in the selling we see across most of the region. That big slump coming in from wall street and the u. K. Leading those declines. That we couldts actually see negative Interest Rates pushed even further into the boj policy. We are seeing a lot of those banking stocks coming under significant pressure. Despite that big fall we have seen in a lot of commodities, the Australian Market is flat. Even trying to push up into the upside, crude oil plunging glut in ther that crude market could move through. We see some upside there. Up by almost 10 there. 6 . Ealand down this is the longest losing streak we have seen since the start of the year. The Southeast Asia and markets also being sold off on the open.