That question of john curtis. A prescription for failure, equities could be in for disappointment if Congress Rejects the health bill. Could a lastminute change inject life into the legislation and the stock market . Matt good morning. Lets take a look at the future flat futures, but with a green arrow on the ftse, now pointing down while the dax and the cac higher. It was the biggest loser among the three major indexes and the biggest loser in terms of futures today as well. Bumd look at the trade, pushing the yield down. It opposite, which is interesting. The french trade is going the other direction. Wantoks like now investors safety and german death. This is the picture we found yesterday. It doesnt look like we will get any clear sense of direction, but will we once we get clarity out of Congress Later on . The ftse in line with the rest of the market. Lets talk about asia. The aussie dollar, why . Leg in had another down the iron ore trade. Calling is significantly lower on iron
Worldwide exchange. Im sara eisen. Im wilfred frost. Lets check in on the Global Markets this morning. Some strength early in the premarket action after yesterday couldnt hold the gains. Dow futures are up nice 80 points. S p futures up 13. 5. Nasdaq futures are up 41 points. Ten year treasury note yield falling some disappointing numbers on Industrial Production an ahead of the Consumer Price index. Ten year yield backing off from that 1. 80 level. 1. 77. We saw a jump in yield in the past month or so but off those june highs. In europe uk inflation tick up to the highest annual rate since november 2014. European shares trading higher significantly as you can see over 1 . We were down yesterday by about three quarters of is so a little bit of a bounce back there. Uk inflation data something to dive into more deeply when we see the currency moves. Asian trade also strong, started off a good risk on trade for the day as a whole. Hong kong and shanghai up 1 . 1. 5 in fact. Lets go the Br
Matt we are nearing the Halfway Point at the trading day. Lets go to the markets were Abigail Doolittle has the latest. Abigail great to be here. Good to see you in person. We do have a nice rally going on here for u. S. Stocks, the dow s p 500 and nasdaq are all nicely hired. We see the bullish activity accelerating for the day. Nice exemplified the dow having its best day since august 5. We pull up a chart in the bloomberg, beautiful rally. This is where we started. We are now nicely higher on the best day for the dow since august 5. Of the s p 500, it is a bit a different story. We have the s p 500 languishing to some degree in a range interestingly unchanged over the last 10 days despite some of the choppiness in the range. Individual movers, lets look at stocks moving on music news, starting with amazon and pandora. Up nicely on the news out of a report from the Financial Times that the company could want a streaming Music Service very soon. Perhaps as soon as next month. Pandora
And the biotechs sbas he things could have a potential upside. And jeff bezos. Producing an agreement. The real story could be a power struggle in saudi arabia that appear taos be emerging. Well take you live doha for more on that story, but lets begin with netflix. Two big stories out. Our Julia Boorstin is standing by. Josh is all over ibm. Give us a little preview here to kick things off. When netflix reports all eyes will be on ids streaming video subscribers and whether they need or sur paez the nearly 18 million that would reach this quarter and we could expect particular focus on how many they project for the Second Quarter. Also the impact of some price hooiks rolling out next month in the u. S. The companys forecast to grow revenue 25 , 1. 97 billion while earnings per share are expected to fall. This is the companys Global Expansion as well as more original and exclusive conflict. Well also be listening to see what is said about amazons new offering. Prime video service, stan
Iran amid the funeral for its Top Nuclear Scientist. Good to have you with us. U. S. President elect joe biden will receive his first president ial briefing today, as his cabinet and inner circle come further into focus. His Economic Team is set to be the latest announcement in the hours ahead. Cnns mj lee has the details on that and why biden made a weekend visit to the doctor. Reporter president elect joe biden paying a visit to the Doctors Office on sunday, the Transition Office announcing on sunday that on saturday he had an incident where he was playing with his dog, major, slipped and hurt his ankle. He visited an orthopedist. The xrays showed he did have a sprain in his right foot. The Biden Transition Team also making a slew of announcements as well, including key women who will be serving in White House Communications team. Some names worth mentioning include kate bedingfield, who is being named the White House Communications director, jen sochi, who will be standing behind th