Im wilfred frost, sara is off today. Lets get to the Global Market picture. This comes off another record close for the dow yesterday that was up 0. 7 . The s p and the nasdaq were up just slightly. Banks did well as yields rose. That record close and big jump for the dow flattered by one or two individual stock movers. The likes of caterpillar and 3m up significantly and the price weighting nature of the dow meant it had more of a significant gain than the dow or nasdaq gains for all three indexes. Slight gains this morning for the dow, the s p and nasdaq just lower. Tenyear treasury note, we hit a high of 2. 424 yesterday were at 2. 44. Fractionally love that level that will help the likes of the financials again today on the wall street agenda, a pair of economic reports and plenty of earnings september durable goods earnings are out at 8 30 a. M. , followed by september new home sales at 10 00 a. M. Boeing, cocacola, glaxosmithkline, Northrop Grumman will report before the open as
Officially named as his pick for secretary of state. Controversial because some say that tillerson has a waytoocozy relationship with the arab nations who produce oil. Can tillerson strike the right diplomatic balance with the saudis, iran, israel and all of those other nations . A fox business exclusive with the man who might know, the former u. S. Ambassador to saudi arabia, robert jordan. Plus, were on trump tower watch. Take a look at this, the most powerful man in the world meeting with the richest man in the world today, moth cofound microsoft cofounder bill gates taking the golden elevators to the top. President elect is expected, by the way, in this hour to depart for wisconsin for the continuation of his thank you tour. His rally will begin sometime this evening, but he will leave any moment from now so, of course, we have the fox business caravan cam at the ready. Plus, a poor diagnosis for qwest. That stock is on the move and not in a good way. Is it Mission Impossible to sa
Earnings. Joining us is Christine Harper from bloomberg. We are joined also by allison williams. Christine barclays and some of the banks around the world are up. Postbrexitthe trading and money market reform is coming into play today. That drove up client act timmy. Rates in particular. The fixed income trading is not really anything. Nobody was expecting that. Allison estimates started to come out and people felt better. We knew it was strong because of exit. August was a typical seasonal slowdown. Saw, inm things we general when things are accelerating, thats only 10 to get some of these beats. Christine its interesting. Thatd the First Quarter was terrible for a lot of banks. The Third Quarter which was summer was really good. Its up 48 year on year. On the money market reforms, how much of that is a oneoff due to that figure we wont see again in the next quarter . There is always a number of things that we are not going to see in the next quarter that we will hear analysts asking
David and maybe give us an indication whether we can keep that stock rally going. Alix indeed. We have great guests including dan yergin. He will reveal how the outcome of the president ial election could impact the shell business and his outlook for oil prices. And pimlico c. I. O. Will join us and take us through the u. S. Open. The market really calm today. Jonathan very calm. The dbacks down. 1. A quiet turn to fridays trading. The bloomberg dollar index, about a 10th of 1 . Year gild yields down by 20 basis points. Were turning the upside down a little bit. Were up by about four but coming up record lows on gild. The 10year treasury note coming in too. A 30year auction and worth 15 billion worth. A bit to cover which gives you an idea of the demand was low. And we had a selloff across the curve. Commodity market, down. And down about a 10th on crude. W. T. I. Had a massive rally as weve seen. But a lot of it on the back of a happy talk on another opec meeting for some stable accus
Rashid Husain Syed • Is the world ready to say goodbye to oil? The International Energy Agency (IEA) thinks so. But OPEC sayss the future of oil is strong