there'll be that interest later in the week in what mario dragi has to say.that the european central bank is thinking about cutting back with tapering, that may come later. michelle has her assessment now on what matters on wall street today. investors will be watching cote's results, the perfume maker expected to announce a rise when it posts its results. second quarter results out for other companies. revenue at the cloud based software firm is expected to go up despite increased opposition from oracle. the housing market will be in the spotlight this week, toll brothers turns in its results for the third quarter. profits and revenue likely rose. the us federal housing agency is expected to increase housing price index forjune. joining us is kathleen brooks, research director at city index. thank you very much for coming in. let's start with commodities, ben and hywel were talking about that with the bhp results. we are seeing a surge aren't we? yes. the steel price has tone really well and the copper price. these less top tier commodities you don't hear ab

the focus will be on fed chair janet yellen, mario dragy on friday. while we've been told to expect no surprises from dragy, they will unwind a timetable for the ucc's tibuying program. the two banks have been at a big issue for a while now on where the central banks are going now. it also ends an era of easy money and possibly, possibly janet yellen's tenure as the fed chair. the feds face a dilemma right now, because even though the unemployment rate is at a 16-year low, inflation is barely budging. if yellen expresses any bit of confidence that inflation will pick up in the next few months, despite the energy and retail prices, the market could be in for a little bit of a surprise. bill dudley, who is a close ally of yellen, said just last week that he still favors a third rate hike this year and expects to see firmer wage gains push inflation up toward the feds' 2% objective. the other big question mark is the possibility of a u.s. government shutdown. president donald trump's comment about building a wall even if it means shutting the government

that's something mario dragi is going to be watching at the ecb as well.nks, riva with the update from london. we will be looking at the job's report. the wage issue is going to be big for the report as well as the number -- lauren: wage going up not just lower income but those at the top, everybody getting a bigger paycheck, thank you so much for joining us. cheryl: job's friday with maria bartiromo who is ready to go, good morning, maria. maria: thank you so much. happy friday to you, thanks for being with us. i'm maria bartiromo, it is friday august 4th, job's day, top stories right now 6:00 a.m. on the east coast. president trump rallying support in west virginia where he touted his re

the market is kind of walking it back the same way mario dragi did.black you can see we held this very important level, which is different for all the major sovereigns for the u.s. market, it's pretty much 223 i'm not really splitting hairs here, because if we don't close on a yearly basis, when we have thinly traded areas, you go back and paper it up moving forward for the u.k., the blue line, it did get a little lower to 113, 114. 117 is the key area there. for japan in red, it's still moving down. '07 is the key there finally the eu it's the dots. 48 it's getting pretty close. we're all going to move together and the direction is important this is kind of a drift pattern, but if we immediately see these solid closes i would think we would go back in this area, so let's call it 225 and 240 in tens, but if we settle at 233, kind of where we are now, maybe we drift and test that 213 which is closing of the year sara, back to you. >> to your point, dollar index on pace for biggest gain in 2017 in terms of a one-day move rick, thapnks. >>> when we come

now when we think about jackson hole, i think of one thing, you know, jim says we should get mario dragiy how good things are i'll show you a picture of how good things are. here's a shot, the two year, just since april of this year, look at the drift in this. minus 73 i just don't see how anything could be good when you're giving it all away on the short end now if we look at the currency, obviously a different story. maybe not such a good thing. it seems to like this consolidation in the euro to make up some ground but if you look at the euro versus the dollar there's been a lot of these sideways but it certainly hits all the turns and also euro versus yen a lot of power in the euro even though it's going sideways this may end up differently than the sideways down road action may end up differently but most of the guys on this floor follow the big trends because it's been working for awhile back to you. >> thank you very much let's get on the floor as well hey, bob. >> good morning, happy thursday, everybody. modest upside here, the leadership group here, retails make another effort. t

you remember at the end of june mario dragi talked about exit to bunds.y couldn't quite hold their very short visit to the 60 basis point level. foreign exchange, where all the volatility is. although it's being shared more in treasuries today. look at the two-day dollar index, obviously it's responded to data and equities rise along with the rate rise. if you look at it from the beginning of july, couple of things that jump out at you, toying with the 94 handle. we were above it now we're below it mirror image over 50% of the dollar index, most traders are paying particularly close attention to that 118.50 level euro slowly giving way we'll have to wait and see back to you. >> rick santelli in chicago, thank you. >>> jackie deang lielis is at te commodity desk. >> after a 2.5% slide yesterday, he can quit gains not helping oil. there's still a concern about overhang in the marketplace. api will kick off the data this week, this afternoon that report will come out. eia will be tomorrow expectations for 3.5 million improve but flat inventories in gasoline,

that's something mario dragi is going to be watching at the ecb as well. cheryl: thanks, riva with the update from london. we will be looking at the job's report. the wage issue is going to be big for the report as well as the number -- lauren: wage going up not just lower income but those at the top, everybody getting a bigger paycheck, thank you so much for joining us. cheryl: job's friday with maria bartiromo who is ready to go, good morning, maria. maria: thank you so much. happy friday to you, thanks for being with us. i'm maria bartiromo, it is friday august 4th, job's day, top stories right now 6:00 a.m. on the east coast. president trump rallying support in west virginia where he touted his record on jobs and the economy. >> we all know there are millions of people out there that we love, the forgotten men and women and they are looking for jobs and they are going to have them because i have factories coming back into this country. since our election, not mine, since our election we've added more than 1 million new jobs and the good news keeps pour