This is afterall cybermonday this has a retailing bonanza and signals a Strong Economy into 2020 all right now look a this. Another market rally not huge. But a rally. The dow is going to be up maybe 20, 25 point small gain for the s p small fractional game for nasdaq this is interesting. China banned u. S. Navy ships from calling port in hong kong retaliation for the president sign civil rights measure. Little impact on the market. This morning, the pet restored tariffs on steal importses from brazil and argentine in that may have brought future down a little. Later on today president heads to london for 70th anniversary of nato youll go across world stage just as dmtds try to bring him down with another round of impeach m hearings. Oh, what a day. Another market rally shop until you drop online and yes we expect some choice words from the president of impeach m as he leaves for london got a big show varney and about company sb to begin. I want to, i want to dwell on Holiday Shopping.
I guess investors liked what they saw the dow is going to be up what maybe 80 points after whopping great gang in last two days same story with the s p up about a third of one percent. The nasdaq is going to be up a quarter of one percent. As of now by the way all three within a breath all time record highs. The political news of the day, my opinion good news for democrats howard shuttle starbucks billionaire will not run for the presidency so antitrump volt will not be split and it will be a straightforward election between mr. Trump and the left. On todays show is america the best performing economy . Will the market hit new highs were very close and yes, larry kudlow with the view from the white house. Varney company is about to begin. Yes we will have more on jobs report in just a moment hold on few birse former starbucks ceo howard shuttle will not run for the presidency he had a statement what did he say . Here request this is what he said, quote, not enough people today are will
Responding this morning. Dges and if your job has got you down. Youre not ace loan. Surprising figures show how stress america workers are and you wont believe how they are coping. It is monday it is august 19th, fbn am starts right now. And welcome to fbn am and good morning im cheryl casone. Good morning everybody. Im Lauren Simonetti thank you for joinings. Lets look at how your money is mondaying on this monday morning after the rally selloff with rally again were looking to green arrow this is morning a part of this has about to be hong kong down is up 183 s p 500 up 20 and quarter nasdaq 59 and half. Treasury yield this morning if you take a look at the tenure yielding 1. 0 bouncing higher. As Dollar Strength in last two weeks watching ole theres been pressure. A little bit of a rebound this morning up 38 cents 5825. Stocks in asia ending in green check out in china jumping over 2 after the people think of china announce plan to Lower Borrowing cost to help real estate and theyre
Wont believe how many people think they have a shot against the tennis star is. It is monday, it is july 15th fbn am starts right now. Good morning everyone im shale cheryl. Good morning im Lauren Simonetti on this sunny bright monday green arrow across the board and nasdaq up 9 points. Theres a lot of talk about negative yield and if theyll hit the u. S. Well not the case right now. The tenure is at 2. 14 . Were watching oil after Tropical Storm barry cut more than 70 of Oil Production down in the gulf as you can see were up just two cents but above 60, 6023. Take a look at asia on that weak gdp number out of china. Shanghai composite up 1. 5 . South korea down 5 . For the japanese market now europe kind of a mixed bag but flat there you have the cac 40 lower the dax is slightly highser. Fasten your seat belts everybody it is one busy week for wall street. Second quarter earning season kicks off today. The spotlight will be on the financial companies. 25 Financial Firms in the s p 500
Amazon, intel and starbucks just three of the big names reporting in the last few moments and we have a full team covering all of that she is on deck to monitor the amazon call that starts in 30 minutes. Josh lipton in San Francisco listening to the intel call and suzanne lee back at headquaters on the starbucks call. Well check in with everyone at the hour well start with amazon. The last of the faang stocks to report earnings. Sinking after missing estimates by more than a buck. The stock is still up 36 this year so did amazon simply run too far too fast and do you buy the dip or is this the start of a bigger sell off . It would be disingenuous to say i saw this coming because i didnt across the board we were bullish on amazon and i remain so but the biggest story is not the epa miss, revenue beat, guidance for the next quarter, revenue is ahead of schedule. What disappointed me and disappointed the street though is operating margins came in about half of what the street is expecting