WRKO>Audio & Video on Demand>>Bloomberg's Joanna Ossinger joins Barry

Bloomberg's Joanna Ossinger joins Barry

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Mon, 23 Jul 2012|

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Tags:

  1. Dow Jones0:13
  2. S&P 5000:22, 0:38
  3. negative territory1:19
  4. Dow futures0:35
  5. Bloomberg News0:59
  6. new iPhone2:55
  7. NASDAQ0:20, 0:36
  8. financial exchanges0:04
  9. trading stocks0:08
  10. McDonald's1:28

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    senator mccain found at 6:09

    effective right but that's the real controversial issue I don't know why Senator McCain is a hot about this and not that about it yeah underlying we don't -- eleven. Historically has. Take in this these
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Automatically Generated Transcript (may not be 100% accurate)

-- and welcome to the financial exchanges is the Monday after a pretty tough. Day of trading stocks on Friday June. As bad as it was on Friday somehow the Dow Jones in that industrial average managed to eke out a slight gain last week for the week the Dow up 45 points. The NASDAQ was up sixteen points for the week even the S&P 500 was up five points but I'll tie yeah it's looking rough -- -- they are today and I think we're getting off to a really shaky start wolf thank goodness they did have some gains on Friday because we're losing most of those of the futures right now Dow futures down -- NASDAQ down 37 S&P 500 down sixteen regret across the board today the only good news that oil is down 316. In 908 a barrel he could gold down 1590 and then the tenured US treasury down slightly. Believe it or not -- it's it's sitting at one point 41. You know I yeah I was I'm gonna ask -- this is the lowest it's ever been we're we're joined by two in our singer. From Bloomberg News in New York -- welcome to the show RU. -- is is this the lowest you've ever seen the ten year treasury I don't recall ever seeing it at 141. It is and it declines 140. Earlier this is incredible of course we've got it on. -- from Germany and France that are in the negative territory so we've got people basically paying to get into the testing. While it's amazing no wit what's this predicated on -- of the problems in Greece I saw McDonald's missed their earnings and revenue this morning I am. I'm trying to figure out what would bad news is contributing to the greatest degree because stocks to be down more than 200 points. Yet it's mostly year people are looking at the problems with Greece there is some creditors that are going to visit Athens tomorrow in -- concerns before that. But there is also staying because it's more of the provinces are looking pretty Bowden -- -- -- rose to above seven point 5% which is. Pretty concerning and also. China it as Central Bank advisor announced that they -- explode further to seven point 4% so this thing with treasurys says. -- -- so -- It's one thing that people feel like they can be more certain about in just about anything else in the world. Let's go back to the Greece story analysts that we're being interviewed on Bloomberg or suggesting. They Greece will in fact entered the eurozone in fairly record time. Pit exit the year isn't. Yet. I mean it's. It's looking like that people are starting to talk more about it and it just seems like there's too much of the divergence between what -- is able to -- with its economy. And what the rest of the eurozone cannon and they've been kind of polling read along as well kind anyway and it has got to be much about economy. -- and -- -- we can count on apple to bail us out apple -- report earnings this week it. I'm hearing rumors that a lot of people myself included on the I'm waiting to buy new iPhone I desperately need one. Yet I'm not gonna buy one until a new one comes out you think that's impacting their earnings escort. It probably will they report tomorrow night and people are waiting days it is you're here in new models coming -- able against all the hold off for a couple months. So Diebler electing and it's kind -- in October possibly into the first quarter and it likely this year and so it can help earnings later on but it doesn't look like it's gonna be the ones that'll last that this week. All right we'll Joanna thank you very much for your time we sure appreciate it. Thank you take care.