simon hobbs is here to walk us there you it.n, thank you very much. 6%, 7%, and the banks in just two days in general are down 16%. where you have profit warnings friday and month today elf insurance, certainly a broad rally on european insurers and then brutally pounded down. these are the landowners particularly in the uk, and particularly london focused, but again, realize where we've been in those two or three days, still down 22%. you'll see the home builders bouncing back, but again understand where we've been. a 7% gain on barrett, so over those two or three says, it's lost a third of its value. it's the areas of the market that is nor bouncing back. again, if you look at those two, relative to where they've got, is sticking for the moment. today a memo was sent out to staff, reassuring their customers, but there's still a lot of questions about their business model, as they look to whether they can trade europe the pound, of course, underlying that position that not everything is bound back. you'll see the pound that had

. >>> let's send it to simon hobbs in new york city with a special guest. >> yes, welcome back to the new york university hospitality conference where all the bigwigs from the lodging industry are a assembled including the ceo of hilton which of course is currently involved in moving to a more asset-light tax-free monetization of the assets with two spinoffs, notably the property reit for $10 billion. how is life? >> life is pretty good. people are talking about a lot of things around the conference but fundamentally, i think they're talking about the fact that the fundamentals are still pretty darned good in our industry. we are on the same store basis, we are continuing to see decent growth. on a new unit basis, speaking on behalf of hilton worldwide, we continue to set new records. >> signing up of new hotels, developers. the virility of the business. >> we signed over 100,000 new rooms last year was the record. for us, i think a record in the industry. we are on pace to beat that this year. we continue to see new unit growth picking up. as you point out, it's a very exciting time

back to you. >> thank you, simon hobbs. >> when we come back, behind the russian hack of the democraticcommittee, and crowd strike is leading the investigation, the and the co-founder is going to join us live in a minute. [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> good morning. once again, i'm sue herera, and this is the cnbc update. donald trump says he is going to meet with the nra about new restrictions to keep people on a terrorism watch list to buy guns. his message was via twitter. >>> and iran says that his remarks will be lighting it on fire with a nuclear deal and his comments are aimed at donald trump. >> and the prosthetic legs of oscar pris or theous were removed for a hearing in his sentencing period. >>> and the pope said that ignoring the refugees makes us blind and deaf and unable to recognize t

and simon hobbs will have the breakdown. breakdown. professional at inves. it's a great first step toward protecting your money. before you invest, investor.gov. >>> europe closed 20 seconds ago, and simon at post nine. >> it is an incredibly important close, and it is the biggest shock to the european markets, and look at how the uk is affected down 3%, and the bigger fall, 7%, and 12%, and 13% that you are getting in the eurozone markets itself. the uk as i said to you before, it is a defensive index in nature and one-third is big tobacco and big pharma and big o oil, and the rest of europe because they fear that the eurozone project will unravel and it is hitting to a far greater extent. and sterling was the focus of night, and we have bid up to 11.50 in advance and then plunged lower as you can see to the end at 1.36, and that is a big movement there. and there are pockets of the london market that have been devastated, and notably the builder builders and the the property stocks. there is clearly a fear that there is going to be a slowdown in the propert

should be very showstop, simon hobbs, you're going to come on. j.b.going to join. >> yeah. >> lay off my sandwich. all right. >> exactly. >> i'll see you in a bit. >> all right. going where the good jobs are. that's how our next investor looks for the best opportunities to make money. steve leblanc is the co-founder of a private equity group specializing in commercial real estate. he's with us live from austin on set today. good to have you here. >> thanks. >> i couldn't think of a better time on a day where we get a jobs report. how should we read into this report today? so much of what you do focuses on where the good jobs are. >> absolutely. and if you look at the economy, s.t.e.m. jobs, science, technology, engs nearing, mathematics, those are the economies the advanced industry economies driving this economy. if you look at the unemployment rate among college graduates it's only 2.5%. 2.5%, it's half the national average. that's where the jobs are going. and 50 years ago you had employers decide where employees needed to live. today, employees de

for "nightly business report," i'm simon hobbs in new york. >>> hertz is splitting into two publicly traded companies. that is where we begin "market focus." the company's board of directors has okayed the planned separation of hertz car rental and equipment rental businesses. the chain is expected to take effect on july 1. >> it will operate under herck holdings. the car rental will remain hertz global holdings. shares rose 7% to 10.77. >>> groupon has sold its indonesia business to a malaysian-based business k-fit. the groupon philippines will become a shareder and subsidiary. of k-fit. >>> devon energy will sell some of its oil and gas assets for nearly $1 billion. the company plans to divest properties in oklahoma as well as an overriding royalty in the northern midland basin. shares rose more than 4.5% to 37.56. >>> shares of adamus pharmaceuticals were cut in half. the food and drug administration denied the drugmaker approval for medication intended to treat anaphylaxis, citing limited studies. it will conduct additional testing and resubmit results by the end of the year. sha

also ahead today simon hobbs at the nyu hospitality conference. od morning, simon. >> hey, good morning to you, carl, yes, the largest investment conference overshadowed somewhat by news percentage occupancy contracted in the first quarter of the year. big deals going down. we'll talk to those locked in namely of course marriott ceo arne sorenson and also ahead in the show talk to hilton which continues to transform itself with a $10 billion spin-off, now we know the name park hotel resorts and 69 hotels within that. more after this break on cnbc. what are you doing? getting faster. huh? detecting threats faster, responding faster, recovering faster. when your security's built in not just bolted on, and you protect the data and not just the perimeter, you get faster. wow, speed kills. systems open to all, but closed to intruders. trusted by 8 of 10 of the world's largest banks. it takesbut stealing itd work to eaonly took a few days. female announcer: protect your money. find out if you're dealing with a registered investment professional at invest

i'm carl quintanilla with simon hobbs and david faber at the new york stock exchange. to 18k this morning for the first time since april, but stopping just below that level. s&p up a touch to 2114, pharma and retail getting hurt, crude still above 50. >>> our road map for the next 60 minutes on cnbc, janet yellen clearly soothing the markets, global stocks rallying to their highest level in five weeks. we'll speak in a moment to goldman sachs david kostin, his thoughts on yellen's comments and where stocks go from here. plus, a restructuring at ralph lauren. the struggling retailer announcing plans to cut costs and shed real estate assets. that stock is tumbling on the news. and hillary clinton hits that magic number ahead of today's big primaries, what's next for the presumptive democratic nominee? we'll break down the race. >>> federal reserve chair janet yellen striking a generally positive tone on the u.s. economy warning investors should not overreact to last week's disappointing jobs number. our very own steve liesman has more on that this morning. hey, steve. >>

our thanks to bill griffeth who joined us the first hour and simon hobbs.t money." we wrap it up on "power lunch." thanks for watching. "closing bell" picks it up right now. >>> hi, everybody, and welcome to the "closing bell." i'm kelly ervans at the new yor stock exchange. >> and i'm bill griffeth. after that historic night where great brittain voted to leave the european union. it will be a very interesting last thundershower say the least. >> we have an all-star lineup of guests including bond guru bob miner, dallas president richard fisher, michael duffy and michael beal who predicted a selloff like this two days ago on the "closing bell."

simon hobbs, back to you. >> thank you very much, rick. arriving on capitol hill a short time ago. our own seema mody live in washington. an important state visit here, seema. >> reporter: it is, simon. invited by house speaker paul ryan will address congress momentarily where he will likely identify the key opportunities and investing in india's growth story from its intention to build out infrastructure, from its also importance behind developing nuclear energy to also constructing a landscape where u.s. technology companies can prosper. last night jeff bezos, ceo of amazon, did address the u.s.-india business council among others where he showed strong support for modi's campaigns and also announced $3 billion investment in india which brings total amount invested in the country to $5 billion. we know india's demographics make it an attractive destination for foreign investors, over a billion people, half of which are under the age of 25. so you have this young vibrant digital savvy audience that is using more consumer and digital devic

simon hobbs, live from post nine of the new york stock exchange. carl qiintanilla is off.have sarah eisen. wilfred frost is there in europe, both will join us shortly. there you see the markets. stocks rebounding after two days of losses led by banks. energy stocks are priced to recover. no deal on safe haven recoveries, and around 147. we have some economic data, consumer comp tenancies. hi, rick. >> hi, and we'll keep that money number for a second. let's look at june richmond fed manufacturing fed index. we're looking up two or three, down 7, minus 7, that's the weakest since january of 2013. consumer confidence for the month of june, 98, the best read of the year, because we have to go back to october of last year to find a higher read at 99 and change. so, 98.0, best read since october on consumer confidence, and we are seeing a very small amount of selling start to come in treasuries, maybe it's the dur ability at least of 37 minutes in with regard to the strength in global equities and of course our own equity market. simon back to you. >> it's a 219 point gain on t

. >> welcome to the "halftime report," simon hobbs in score scott wapner.ther big sell-off, investors try to make sense what this means for the markets. this after stocked to raise $2 trillion in market cap on friday. the biggest drop on record as, of course, we trade or traded close to all-time highs. we are off the lows. important to say. we were down 300 points on the dow but have come back. ten-year notes, 1.46 is the yield there. the pound, too, is off its earlier lows. get reaction from our

simon hobbs, back to you. >> so months of brexit campaigning are overing. it's a day of reckoni for brits. the "financial times" opinion poll, 48% to remain, 46% to leave. take it away, guys. >> well, i would just say, simon, a few factors we're watching here on the day of the vote, first the weather, which you brought up. it looks like skies are clear, not raining right now. but thunderstorms are predicted. polls close tonight at 10 p.m. local time. then we'll start to get the early results after 12:30 a.m. midnight. of course we'll be watching the rain carefully because turnout is a factor. a lot of these polls leading up and in fact just the last poll that came out that we've gotten, 52% remain but it was very close. so there's an undecided group and turnout is going to be a key factor. the other thing we've been watching is just an appeal bip the papers, just wanted to bring you a sense of it from the front pages this morning. here's "the sun," very dramatic cover, framing it as independence day. that's a refrain you're hearing from the lead camp, led b

simon hobbs, back to you. >> thank you, rick.obal investors shedding stocks and commodities but perhaps most importantly buying government bonds even though the returns or the yields are often smaller than we've ever witnessed before. joining us now our very own mike santoli with more. it's rare you're in a situation where it's hard to overstate the scale of what is going on. >> absolutely. simon. i mean, the extremity of these moves in yields like $10 trillion or perhaps more perhaps in government and corporate bond yields below zero. it's been animating all other asset markets this whole phenomenon, and it's fouling some relationships that have been in place for a very long time. for example, notwithstanding today's pullback in u.s. stocks, you've had stocks here near all-time highs at the same time that global bond markets, at least historically this message they'd be sending would be something like threat of deflation, very, very slow global growth. but it's really set off this ongoing chase for yield globally. and basically

i'm simon hobbs with kayla tausche and david faber.arl quintanilla at the code conference in california. we'll get to him in a few moments time, but it's another soft opening here on the floor of the new york stock exchange down 110 points as you can see. a lot of concern about where we might go with interest rates. so a second soft day as now of course we enter june. >> and we do have breaking economic data at this hour. ism manufacturing for the month of may is out. rick santelli has that for us. rick. >> yes, indeed. and it's not good. start with the older number april construction spending dips down on a month over month down 1.8%. that's huge. we haven't been down 1.8% month over month since january of 2011, although there was a positive revision of 0.3 now standing at 1.5 for our last look. all right. let's get into ism, shall we? may number, the number is 51.3. now, 51.3 is definitely better than we anticipated. and it breaks the tie. over the last ten isms five have been under, five have been over. so finally we're doing more w

. >> simon hobbs, thank you. >>> when we come back, facebook has a big plan for the can lions, and weill have a cnbc exclusive. and paul ryan is set to speak in the weekly briefing taking place, and trump, and the democratic filibuster, and we will bring you all of the headlines and monitor that conference on the other side of the break. >>> next week, the lashrge ares advertising conference kicks off in caanan. and first mobile is going to be pushing out a new mobile ad from facebook. they are going to announce new tools for advertisers to build more campaigns on the mobile, which is of course, a huge percentage of the company's revenue. facebook's engagement is growing with more than 1.5 billion people accessing the site through mobile. we asked mark darcy, the company's chief creative officer about that push. >> connectivity is what we will be talking about it in caanan, and the industry is fragment ed into a lot offer a yas, and one of the big things if we are going to be moving together closely to the seize the mobile opportunity in front of sus to get the talents inside and outs

simon hobbs, back to you. >> thank you very much, rick santelli. the burning question of the morning of course how much of a game changer is today's employment report miss? steve liesman has more at hq. morning, steve. >> simon, i'm hearing a lot of stuff here about this report, shocking, surprising are the numbers coming from wall street analysts as anxiety grows about growing economic weakness just beyond the jobs report. one thing it says to a lot of economists all agree on not june for the fed. barclays writes even more. they go the may employment report also poses risk to our baseline outlook for a september rate hike and increases likelihood that any subsequent move by the fed to raise rates may not happen until december. so put it off a couple months according to barclays. cnbc did a little calculation this morning, this is the eighth worst forecasting miss by the street since december 2003, 145 months, we went back as far as back as our data goes. a miss of this magnitude usually but not always comes with a bounceback the next month relativ

. >> welcome to the "halftime report," simon hobbs in score scott wapner. another big sell-off, investors try to make sense what this means for the markets. this after stocked to raise $2 trillion in market cap on friday. the biggest drop on record as, of course, we trade or traded close to all-time highs. we are off the lows. important to say. we were down 300 points on the dow but have come back. ten-year notes, 1.46 is the yield there. the pound, too, is off its earlier lows. get reaction from our panelists. stephen weiss, joe turnover, sarah sethi and pete najarian. bottom u bottoming? >> no, lower. thursday the last time i was on the show and thought too close to call. that remained the outcome, too close to call. a risk off situation, even before the vote. i had concerns be a the u.s. market with expanding multiples while earnings peaked. profit margin peaked actually a year and a half ago. between one and four years after a profit peak in the u.s. you get a recession. this is a huge, huge unknown. nobody knows what the next step is. britain doesn't e

i'm simon hobb in for scott wapner. clearly, a market comeback. a panel of experts for the hour, joe tear nova, stephanie link, jon and pete najarian. after that massive sell-off that saw $3 trillion in market cap lost around the world. major indices higher. oil in rally mode. dollar in the treasury selling off a bit. are we looking at a head fake rally or some real stability? >> doesn't feel like real stability. does it, guys? >> we opened up. then sold off. and just sat there. >> didn't feel like people were committed to it, simon. >> stability is the first thing that you need, after you lose the bullish momentum you have carried in the marketplace since february, markets don't go straight, bullish to bearish in terms of trends. first thing you want is stability. so -- >> hang on. isn't there a short covering element, when you've made so much on the shorts before you get to -- >> oh, i don't know necessarily that this was a market that can be described as short, just three days ago. a market that actually was very long and you're seeing position

simon hobbs, thank you. >>> when we come back, walt mossberg's interview with jeff bezos was clearlye highlig highlights of the code conference last week. >> and in the golden globe, it is is going to help us sell more shoes. >> when we come back, walt's top takeaways from the interview when "squawk alley" comes back. everybody. i'm sue herera, and this is the cnbc news update at this hour. maria sharapova has been suspended for two years by the international tennis federation for testing positive for a drug at the australian earlier in the year. she released a statement saying that she is going to be appealing that ruling. >>> and egypt air passenger plane en route from cairo to beijing was forced to make an emergency landing in uzbekistan after what egyptian authorities said was a false bomb threat. and paris' premier museum the louvre has been reopened after being closed to move masterpieces above ground. the closure cost the louvre an estimated $1.7 million in unsold tickets. >>> thousands are lining up in louisville to get tickets for the service memorial for muhammad ali, and t

>>> welcome to the "halftime report" i'm simon hobbs in nor scott wapner. reacting historically to britain vote to leave the european union, and how the markets are reacting. in fairness to the open of the s&p 500, and we were down 3.5%, and so we have come back no nonetheless, and it is a pounding across the board, and let's look at where we are on the fixed income market, and there is a flight to quality and sterling however has been under pressure, and currently down 8.4%, and yesterday, 1.50 and 1.36, and the euro is similarly reacting as people are getting a look at the euro project, and gold is a trade higher, and crude is at 7.91, and so at this hour, really, for what you should do with your portfolio, jim lebenthal, and josh brown and jon najarian, and joining us is a jpmorgan global strategist. and sara eisen is on the ground on the day after this historical vote. >> simon, the destiny has been voted on outside of the eu, and today, the people are expressing surprise and shock, because they had originally voted to stay in the, u while a majority of

we're joined by simon hobbs. over to you. >> hi. richard, it's interesting.re talking about consolidation in the industry and where the growth is. you've obviously got them doing the big deal, hilton spinning off various bits to try and beat truer plays. where does intercon ttinental f in on this? >> i think when you look at the industry. scaling is important and we have scale. we just got over 5,000 rooms. 1,200 in our pipeline, so we have about 5% of the world's room, 13% of the future's missline. we bought little deals, tholes and restaurants last year. great brand. best largest boutique business. we launched brands in china, even hotels in the u.s. i think we have scale, great brands. we're well placed. >> but the truth is you were part of that conversation. i mean it was 2 1/2 years ago that the original saw it. you were in talks with the chinese. you basically bid around everybody, correct me if i'm wrong. >> you are wrong naturally. >> who did you talk to? >> i don't comment on rumors. there are always rumors around us. scale matches the industry. you

simon hobbs, back to you. >> thank you. >>> and of course, we have "squawk alley" on deck.preview of the next hour on cnbc. good morning, jon. >> yes, coming up in a few moments. sumner redstone does not trust the board, and so we will dig into that. and the cia director is not happy with jack dorsey's level of cooperation. and we will talk about the amd predictions, and does it go higher from here? all of that is coming up on "squawk alley." >>> good morning. it is 8:00 a.m. at twitter headquarters and 11:00 a.m. on squawk street, and we are live. ♪

i'm carl quintanilla, sarah eisen and simon hobbs.o be talking about some brexit results. oil trying to recover, back above 47. the saga at viacom raging on as redmond moves for a major overhaul of the board. good morning, jane. >> is summer redstone really calling the shots? on the east coast, the ceo going to work today. but fired, board member fred salerno said hold on. he wants the court to look at whether sumner redstone is really in charge because his, quote, physical andme mental conditions have declined and unsatisfied with sherry redstone. "unsatisfied with assets now worth more than $1 billion derived from gifts her father gave her." felipe dauman may be fired. he has a golden parachute of $50 million. something tom preston was asked about last night. >> one could argue about his contract. it was approved by the board, contractually he deserves it, yes. does he deserve it in the performance of the company? probably no. >> stock was up and viacom upgraded to 25% below what the street was expecting, the current board blaming i

simon hobbs, back to you. >> you put it in a very succinct way, rick.ou very much. >>> coming up on the program, huge win for cleveland in the nba playoffs last night. the next game friday, and viewership, importantly, setting records. the head of the nba players association will join us next. >>> and here's a live shot of the white house. bernie sanders, of course, set to arrive for his meeting with president obama any minute. the big question, who will make a statement and exactly what will they say following that meeting? (speaking japanese) oh watson, your japanese is very good. thank you. (speaking japanese) exactly. i can understand nuance, context and idiom in seven languages to help companies all over the world with everything from retail solutions, to banking, to cyber security. (speaking japanese) every year, the amount of data your enterprise uses goes up. smart devices are up. cloud is up. analytics is up. seems like everything is up except your budget. introducing comcast business enterprise solutions. with a different kind of network that

i'm simon hobbs with david faber.far as the markets are concerned, let's have a look at where we are on stock market and indeed oil. private sector hiring rising, the adp figures that the market remain buoyant. energy stocks leading us lower. >> and our road map starts right there. opec fails to resolve a consensus on a ceiling. >> and it's the biggest cash infusion from a single investor. uber getting a $3.5 billion investment from saudi arabia's public investment fund. we'll talk to competitive grab on how it's competing with the ride share and giant. >> and another company going public today. nant health will debut but the ceo just took a large stake in tribune. we'll speak with him later on this hour. >> let's start with oil falling in trade already as opec fails to agree on a production ceiling. opec leaders meeting in vienna. oils coming off a four-month winning streak, as you'll be aware, its first since 2011. for more on the second half of the year and where opec goes from here, we're joined by michael cohen,

our thanks to bill griffeth who joined us the first hour and simon hobbs. we'll see you at "fast money." we wrap it up on "power lunch." thanks for watching. "closing bell" picks it up right now. >>> hi, everybody, and welcome to the "closing bell." i'm kelly ervans at the new yor stock exchange. >> and i'm bill griffeth. after that historic night where great brittain voted to leave the european union. it will be a very interesting last thundershower say the least. >> we have an all-star lineup of guests including bond guru bob miner, dallas president richard fisher, michael duffy and michael beal who predicted a selloff like this two days ago on the "closing bell." >> using data that sort of -- an amalgamation of data that we don't arch put together. it's very interesting his kind offer er, we'll get to thachlt in the meantime, we have full day coverage. bob pisani has been covering it for us. bertha coombs at the nasdaq market site and wilfred frost is live for us once again in london with what may be next for the uk. bob, why don't you start us off here.

simon hobbs back to you. >> coming up don't miss our exclusive with the ceo of microsoft, satya nadellabe right back after this break. thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. >>> less than a week after the uk voted to leave the eu president obama telling npr there's more hysteria than actual impact. take a listen. >> there's been a little bit of hysteria post-brexit vote as if somehow nato is gone, the transatlantic alliance is dissolving, and every country is rushing off to its own quarter. that's not what's happening. >> to break down brexit's impact on u.s., we're joined by the head of north american sovereign. charles, when you listen to the president say it's not as if every country is running i

simon hobbs is with me. scott will join in an hour. we have three hours left in the trading week. these three charts tell the story of the session. financials, the worst performing sector right now on the back of the lousy jobs report. kbe having the worst day since january. take a check on gold rallying big time. it is higher by more than 2%. of course that, being impacted by the trade in the dollar index. and we're seeing a big leg lower today. down by 1.5%. we'll dig into that over the next two hours. we begin with the banks. dan warner is a banking analyst at morning star. great to have with you us. dan? i don't understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. give me the bull case. >> the bull case is that if you -- with the strong economy, with the low cost and positive that's we, have we're still seeing strong loan growth. i think -- i mean there are headwinds. but for longer term, i think you still want to be in banks. the fed will raise rates at some point. it always seems like the last few meetings when he some

i'm carl quintanilla with simon hobbs and david faber at the new york stock exchange.hock full of news. yellen on the hill beginning in about 30 seconds. we're expecting some information, but of course q & a we'll take live when she appears in front of the banking senate committee, day one of two days on capitol hill. new polls on brexit of course making news showing continued momentum for the remain camp although it is still obviously very close to call. a lot of corporate news, whether it's twitter, facebook, ual, and then adobe and fed ex tonight. oil is not helping keeping us all on guard. let's get to simon. >> well, let's get to hampton pierson who has testimony on what janet yellen will say. >> this is the mid-year report to congress, in her prepared remarks fed chair janet yellen prepares to tell the senate banking committee the economy has made further progress however the rate of the improvement of the labor market has slowed and the fed's cautious approach to monetary policy remains appropriate. high unemployment rates for minorities remains troubling, she a

i'm simon hobbs along with sa h eisen and david faber.to remain in the eu thursday, financials leading the charge, the rally in oil leading wti on the verge of regaining $50 a barrel, a big week for the markets. of course janet yellen before the senate committee tomorrow. and then the house on wednesday. >> our road map begins with stocks surging this morning. new polls showing an increase in possibility of britain remaining inside the eu. we'll have the latest on that brexit vote that is coming later this week. >>> another big week for the fed as chair yellen prepares for two testimonies on capitol hill. >>> cleveland celebrating first title in half a century. break down the big dollars behind the game and what it means for lebron james and steph curry. coming up, the world's biggest advertising festival kicking off, our very own kayla tausche is live from can lions, big lineup ahead there. the founder and ceo of pandora tim wester gren will be joining us. you won't want to miss that interview and much more coming up from kayla on "squaw

and what do you have, simon hob hobbs?> with the bounce this morning, the gdp has been are revised up for the eurozone of an annuallized growth rate of 2.2%, which is not bad, but it is likely to deteriorate from there as the inflation expectations, and there is a major rally under way in the eurozone bond market. tomorrow is the day that the european central bank is going to start buying the corporate bonds as a part of the qe 2, and the bonds have been moving in anticipation of that. and the 5.4 basis points, but we were down to the two-year chart here, and you can see the low there of 4.9, and bill gross said it is the short of a lifetime, and now we are back down to the levels ashsped it is a rally, with the prices higher and the yields are lower right across the eurozone. and also with the pound, the pound rocketed higher in the middle of the asian trading today, and lot of the people are saying it is a fat-fingered trade because of the size of the move that we got, and we have eroded it down, and over the week, earli

i'm carl quintanilla with simon hobbs and david faber at post nine of the new york stock exchange.london ahead of tomorrow's historic brexit vote. she's going to join us in just a moment. but in the meantime take a look at the markets. obviously some cards being held close to the vest but the dow is up 47, mcdonald's dragging on that a bit. oil is helping out as it reclaims the $50 level. >>> it is a big hour ahead, janet yellen about to kick off her second day on capitol hill. the fed chair about to testify before the house financial services committee. janet yellen arguably using the occasion to inch more deeply into the lower message on interest rates which may be why the dollar is lower. meanwhile, donald trump is also about to launch what's being billed as a full frontal assault on hillary clinton. the presumptive republican nominee also repeatedly mentioning that he could personally fund his own national campaign. we will bring that to you live. >>> first though some breaking economic data. existing home sales for the month of may are out. let's get to diana olick with some n

i'm simon hobbs with david faber, kelly evans and mike santoli at the new york stock exchange.ara eisen and kayla tausche are with us from london and will join us shortly. let's take a look at where we are on the markets this hour. financials leading the dow down over 200 points again after friday's 600 point brexit fall. with the flight to safety the yield on the 10-year dips to 148. oil below $47. of course we're watching the uk banks rbs and barclays which have both lost around 30% of their value over the last two days. david cameron is going to speak in the house of commons in parliament within the next 30 minutes. we will bring that to you live. >> waiting on a possible decision out of the supreme court this morning, we'll bring that to you if and when it crosses. >> coming up, the former com mers secretary carlos gutierrez his take on what it means now that the uk has voted to leave the european union. fallout continues from that brexit vote on thursday. the analysis friday. let's head to london and sara eisen who joins us. what is the mood there now, sara, with the prime

simon hobbs, back to you. >> thank you, rick. >> rick, thank you so much. rick santelli.hen we come back we're counting down to the european close, about 43 minutes away. and then the european commissioner for economic and financial affairs, taxation and a lot more will talk to us about the vote and what the markets are responding to today. back in a minute. ck in a minute♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. man 1:man 2: i am. woman: ex-military? man 2: four tours. woman: you worked with computers? man 2: that's classified, ma'am. man 1: but you're job was network security? man 2: that's classified, sir. woman: let's cut to the chase, here... man 1: what's you're assessment of our security? man 2: [ gasps ] porous. woman: porous? man 2: t