. >> while other euro countries struggle with huge deficits, the money is pouring into germany treasury. in the first half of the year, the government took in more money than it spent. the surplus was due to a strong labor market and steady consumer spending. payments into the retirement and unemployment entrance programs were especially strong. after seeing a budget surplus in the year 2000, germany's fiscal situation fluctuated. in some years, new debt reached 3% of the gross domestic product, violating the stability and growth path. the good news comes in as germans are enjoying the last days of summer, but the government warns the economy could cool in the fall, making continued surplus is difficult to achieve. >> the news of germany's budget surplus was well received on the trading floor, but economic data from the u.s. spoiled the mood. our correspondence sent us this report from frankfurt. -- our correspondent. >> the fact that germany and the german economy is in better shape than the economies of other european states is well known also here at the german stock market, and as t

due to the fact if germany does buckle, if they concede and we get something substantial, unlimited firepower out of there. we will see treasuryes sell. that's the knee-jerk reaction. the next reaction is what happens to germany and the debt downgrade? where do you go in that downgrade happens? just like the counterintuitive trade we saw last august. in our own u.s. debt ceiling debacle. counterintuitive trade, they come back into the u.s. treasuries, the u.s. dollar. that's why i think the ten-year is tethered to 1.5% through the election, judge. >> i don't understand this pivot you're talking about at the top. didn't you say the last time you were on that you thought the ten-year was going down to 1.16 or 1.19? >> 1.19, i still do. it gets about 1.67, you can't fight the tape, it's a technical trade. i'm still bullish on treasuries, bottom line. >> got you, jeff gilbert. weiss, comments on yields? >> i think you're okay for the next couple of weeks. mean that yields keep going up, because draghi said in a few weeks. >>> coming up, energy rain-maker, floyd wilson, reveals his next big play and where energy is moving from here

treasuries, yielding 1.52%. >> two years coming out of germany today. again, the second auction with no interest rate payable. as far as euro/dollar, 1.2477 is where we stand, seven-week peak, still up. we held on to gains. dollar/yen steady. aussie/dollar is weaker. >> consistent with selling we've seen across asia. >>> greece needs more time to implement reforms, the message the greek prime minister is expected to give to euro group head jean claude when they maed in athens today. samarsa said the extra time would give the nation, quote, air to breathe. >>> this week we're looking at ratings of countries in the eurozone. today we turn our attention to austria. now, fitch and moody's still have aaa on austria. stable for fitch, negative for moody's. standard & poor's is the outliar, a aa rating for austria. a negative outlook. last revised at beginning of january this year. that's the credit ratings as far as austria are concerned. in terms of the economy, not so bad compared to some of the others. they did actually have a growth in second quarter. not

. >> germany and france, their service sector tend to take a lead from equities and treasuries. decent run we've had in the last five or six weeks for both selloff in yields tells you the mood is improving and that tends to push the pmi up. it did the reverse. the periphery is hurting. the caps on perryfer -- periphey is hurting. >> besides the other stuff that's gotten more important about policy caps. might they cut rates? >> possibly. i think it's a bit like moving. 25 basis point cut won't make-or-break a recovery. symbolic. >> clearly asset markets not looking at the growth figures. much more inned in how we shore up spanish and italian yields. euro/dollar has been up to seven week highs. are we at the top of the range? >> don't think so yet. the markets want a little pull back in euro/dollar so they can get on it again. we've had a squeeze of the be market sentiment. we're getting squeezed higher and higher. pullbacks are smaller. i would say now the markets really eyeing a level at 1.27, 1.2720 as a near term target. we'll try for it in the next week or so. >> what's the

treasury because you have the ecb meeting. you have the constitutional court's decision out of germany and i am naming three things right there.ing next week with jackson hole the been edging out of the blocks after labor day two weeks shot full of headline events to move the markets. most of them are based on the other side of the atlantic and even though we get a jobs report in the u.s. i think the pcb and german court decision is going to ultimately be the key barometer for rebates. dagen: great to see you. you are welcome back any time. great analysis. tampa bracing for two storms. republicans are taking the town by storm and a possible hurricane. we will take you there live next but first some winners on the nasdaq today. everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serv

germany? >> i think we'll still struggle to get there but definitely go back to the historic loss. >> sub one on treasuryb one on bunds. >> you want to take the other side of that? >> or let ross's call on that stand. >> great to have you on. thank you so much. >>> just reminder you what's on the jenn. tomorrow japan's center bank will report. get earnings out from bridgestone, mgm china. >> well get a view from the u.s. coming up next. >> welcome to "worldwide exchange." i'm if you're just tuning in i'm kelly evans. >> i'm ross westgate. >> knight capital gets thrown a lifeline. the firm has sealed a deal for injection of new capital may come at a pretty big cost to shareholders. >> new search for life on mars begins as nasa successfully lands its curiosity recover on the surface of the red planet. >>> okay. let's see how trade is set to kick off this week after what was a strong day on wall street on friday and a strong session in asia overnight. the dow jones industrials average is pointed higher by 22 points. the nasdaq implied to open higher by 11 and s&p 500 by four or five points as well. take a l

two economies in europe and robert kimmitt is former deputy treasury secretary under president george w. bush and former ambassador to germanyod morning to you this morning. try to help us understand what's happening in europe and more importantly what draghi said last week, and the question in my mind is, has he kicked the can just a little farther down the road and nothing's really happening or there's something much more significant going on? >> good morning, andrew. thank you. i think europe is a textbook example of an issue that intersects the real economy and the political economy. i think jim o'neill made some very important market-based points from the real economy. i think your question is about the political economy. i think what mario draghi said last week was very significant, quite interesting that both chancellor merkel and president hollande the following day strongly supported what he had said. the only place i would disagree a bit with jim o'neill is that i think there was much more talk on draghi's part about conditionality for this additional exceptional aid that the ecb might be prepared to give, and inde

treasurys and investors and for the dollar, in a lot of cases. we have only 11 s&p rated aaa countries left in the world- germany, australia, some other places.ut in terms of the market, the u.s. essentially triple-a- rated, quadruple a raided, even, places that still trust and the u.s. is one of them. in terms of investing in u.s. bonds, buying dollars, the market is still far has shown of the last year is still has a lot of faith in the u.s. as a world leader and even though we lost the aaa rating a year ago, it does not really matter because investors look at everything on a relative basis. we have a better situation than many other places in the world. host: yuval rosenberg writes -- any speculation about what could happen in germany and with the impact could be? guest: in terms of a ratings downgrade, there's a lot of question about whether it would have any impact. i think people might still get nervous about the implications of that, especially germany been the anchor of the european economy. what we have seen in the u.s. and other cases that past, the ratings downgrade by themselves do not necessarily matter. investors tend to make up

treasurys and investors and for the dollar, in a lot of cases. we have only 11 s&p rated aaa countries left in the world- germany, australia, some other places. but in terms of the market, the u.s. essentially triple-a-rated, quadruple a raided, even, places that still trust and the u.s. is one of them. in terms of investing in u.s. bonds, buying dollars, the market is still far has shown of the last year is still has a lot of faith in the u.s. as a world leader and even though we lost the aaa rating a year ago, it does not really matter because investors look at everything on a relative basis. we have a better situation than many other places in the world. host: yuval rosenberg writes -- any speculation about what could happen in germany and with the impact could be? guest: in terms of a ratings downgrade, there's a lot of question about whether it would have any impact. i think people might still get nervous about the implications of that, especially germany been the anchor of the european economy. what we have seen in the u.s. and other cases that past, the ratings downgrade by themselves do not necessarily matter. investors tend to make u

treasuries and sell off in europe. you can still see for the month the degree to which the ten year bund has risen substantially higher in germany check in with bertha coombs. >> we're watching wti flirt with $95 here and extending gains after yesterday's draw down coming from the government, it was more than 3.5 million barrels. another thing, folks are watching the situation between israel and iran as that rhetoric continues to be at a fairly high pitch. you're seeing a lot of calls for next month and october. the expectation is these prices will go higher and with the outline that is i monday outline we hear something from the ebc we could see a move to the outside. brent futures are lower as they are set to expire so that brent premium has come in just a bit. we're seeing profit taking in gasoline after that big surge yesterday on the big draw down on implied demand. nept garks smaller than expected injection this morning nonetheless. it didn't really hold up in terms of the flip up we saw in prices. it's now lower. gold despite that report coming from the world gold council with the dollar, little bit lower. gold is strong.

month debt across germany and another one of these negative yield auctions once again. 12 month debt getting away. essentially investors paying to hold this debt. along with the u.s. treasurieseen as a safe-haven. ten year 1.366% low yields. over 2%, 2.06% on the french ten year debt. in spain elevated but well below the levels of 7%. plus we're look at not too long ago the ten year spanish debt 6.4%. italian yields coming back much more under control, 5.7% for italian yields. >> good luck finding lunch, dinner, coffee, anything out there. we appreciate your time today. folks back here one of the biggest patent wars one history has come to an end. apple awarded dolla eed $1 bill. apple stock is hitting record highs. let's bring in brian marshall. what does this mean for apple? >> obviously a resoutherning victory so i think the courts clearly telling everybody that competes the android eco system don't steal apple's ip. this gives them a much stronger foot hold with respect to ip and technology. great win for apple. >> certainly not the last word in this battle. this is one of many court cases that have been filed around the globe. some people said that this is one they expe