Pottsville and the poconos to see that changeover to snow around here and air remaining mild through the morning. Colder air will rush in later this afternoon so its possible allentown gets a brief snow shower later on today. But generally speaking its rain right now and all light you see that lighter shade of green. That really isnt all that significant rain. 43 degrees in philadelphia right now. Even up in allentown 39 degrees so no chance avenue freezeup there. 38 in lancaster. 46 in millville, 49 degrees in cape may. We are going to experience some changes today. The majority of the morning and afternoon will be mild. By 3 oclock, still about 46 degrees coming down from a high of 47. But look how quickly the numbers drop. By 7 oclock i think we could be close to the freezing mark and then that cold air continues to rush in overnight and continues to make us very uncomfortable especially with winds on the rise. For this morning maybe a sprinkle on the bus stop. But temperatures are
Thats in the next 50 minutes. Julie hyman is with us. We are halfway into the trading day. Julie its been a steady day. All averages are higher, not by much. The dow has been leading gains today. Any gains of any size would mean a record close for all three averages. To 2000, which has been taking pace. Some of the reasons the dow is up today is one of its components is doing well. We are talking about walmart are in its easy to forget there are competitors to walmart amazon that are fighting back rid they will acquire parcel, a new york based delivery service. Walmart tries to compete more and more with amazon in the Online Business and the delivery business. The details are not disclosed. Walmart shares are up on this. Its interesting the overall market has been rallying despite their weakness. We are taking look at Telecom Shares as well. We have level three centurylink on the rise as they win antitrust approval for their deal with the telecom assets. Sprint and tmobile are up as we
Madrid want to dance . And the chancellors confession. Merkel reaches a cover must with her csu allies on a migration cap. Well make to the green party at 8 30 on the wider Coalition Talks. Matt we have a half hour to go until the European Equity markets open up for cash trading. Taking a look at the futures trade this morning, we see gains with the exception of the ftse. Tehe dax futures, the cac futures, up 0. 2 . Take a look at the bund trade here. Here is a chart of the last three days of the yield. It came up substantially yesterday and is now back down a little bit. Pesky462, the bunds stuck in a tough range. Guy there are two other big stories we are watching. The chinese market, bouncing strongly. The banks really reacting. We are playing catchup. We have had the golden week holiday, but we had that rrr story we were factoring in as well. The hong kong prices are getting priced in for bradley. The china market and the equity market, the upside, but on the downside, we have this
Launched an icbm for the first time. President trump tweeted that perhaps china would end this nonsense once and for all. And china willia be meeting. Chinas official news agency, trade between 33 inand china raised the first five months of the year. Further questions about Donald Trumps travel ban. The state of hawaii is challenging the enforcement of the order. They asked a federal judge to deny. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Thank you very much. Those are the headlines. Lets look at the markets to show you where we are on the European Equity session. The fourth of july is celebrating in the u. S. This is the picture right now. 0. 2 at the moment. We have seen north korea digesting the carried out that icbm launch. Some strengthening. We have the dollaryen strengthening. Yields are weaker. Is a little weaker now. Stories, north korea claimed they successfully launched an
Day in the u. S. And u. S. Markets closed. Europe falling 20 below the daily average this time of day, mixed, lower by 4 10 of 1 as investors cautious in the wake of the Missile Launch from north korea, sending money into haven assets like bonds and gold. Out of equities which are unchanged. Fallinges in red against the dollar and yields in green falling commodities, among them, gold rising. Busy week. When isnt it a busy week for Central Banks . Itsswedish bank removing easing, the latest central bank to make the hawkish shift as Inflation Gains and scandinavias largest economy. The blue line is underlying inflation. The central bank holding its benchmark repo rate unchanged at eliminating the chances of a near rate cut. That was the right bank, u. K. Guild flashing a warning sign for investors. The yield on 10 your notes jumping 23 basis points last week, crossing the main peak and ending the established downtrend as the markets adjust to a more hawkish statement from the bank of eng