Things happening . And then i real off the positives even though the averages are spending most of the time in the red lately. Unlike today the dow dropped 100 points. S p declined 0. 63 . Nasdaq fell 0. 4 . Give it a try beginning with pet smart. Why on earth is someone paying 8. 3 billion to buy a pet store chain for 83 per share, the biggest leverage buyout of the year. 28 bucks above where the stock was seven months ago. Its not like its an amazing company. This chain is problematic. In nature frankly. It has been viewed as total amazon prey for several years as it missed quarter after quarter starting in 2012 and considered and also ran with slowing samestore sales, second rate omni channel falling by the wayside. It had been downgraded and downgraded and downgraded more. It became the butt of many jokes. Including that if amazon could ship pets, pet smart would have no more business. And in the meantime pet smart was starting to turn around but the brilliant web acquisition. An i
German bund got to nearly 80 basis points. Oil relatively flat. The tenyear hit 2. 30. The rising vix, some of these yields went bananas around 6 00 a. M. Eastern. Because of the percentages and how low they are in germany, you have a little change in germany, its a dramatic rate increases. People are losing fortunes. Now its 2 trillion in two weeks. When people say why are some of our stocks down look at the pain. People believe negative rates would get more negative even though there certainly was this risk. Yes. That was just dead wrong. We are seeing one of the things i think is just shocking to me is this dollar. The consensus was the dollar was in parity all these things you heard. Dollar you better get to europe quickly. Im booking that amalfi coast trip now we ought to hear about alibaba. They turned the s p futures. Lets do that. Alibaba shares are up in the premarket after the companys earnings did beat expectations. Also the Company Announcing its current chief operating off
Jobless threshold. Lets get to our top headlines. We have on the missing malaysian airline, two objects were floating in the butocean but lanes planes sent to the area have not been able to find the plane. Interest rates may be rising faster than expected. Fmoc believes nothing will transpire until 2015. The fed will give the results of those rank stress tests later today. U. S. Mobile messaging provider tango says it has raised 280 million in new funding, the biggest investor is alibaba. Leaders are meeting to discuss how to pressure russian president Vladimir Putin as he strengthens his group in the disputed crimean territory. Joining me now is ryan chilcote. Many are calling this a new cold war. What really can be done to stop him at this point . What are they debating . There is no doubt that the eu wants to punish Vladimir Putin for fast tracking the annexation of crimea. What they will be discussing today, all 28 eu leaders, is how and when to do that. They only have two options.
Protest around the world about low wages. President obama removes special trade benefits for russia. He says the country no longer needs them. Fed chair janet yellen and russian president putin move the market. Putin wants to postpone the east ukraine vote on autonomy. And yellen signals the fed will remain pat with its stimulus strategy. The dow raced up 118 points the nasdaq was hit with another sell off in big tech and the s p gained 10 points. Gold fell 19 dollars and oil rallied 1. 21. Trader todd horwitz is here to start our trading day for us. Good morning, todd. Good morning and whats up, angie . Well apparently its not Interest Rates because janet yellen is telling congress rates will remain low, so what we do with our money, todd . Well unfortunately you are forced and compelled to put your money into the equity market which is artificially driving this market higher. Again. Im not going to fight it but i just think that we are in very bubblish territory and as we know, the f
Spain exits deflation, the country also posts its strongest quarter growth in three years. The key inflation figure for the eurozone as a whole due in one hour. Plus, brace for impact. Were joined on the show by dr. Doom himself, mark farber who says equities are facing a crash this year that could be worse than what we saw in 2008. Youre watching worldwide exchange, bringing you Business News from around the globe. Hello, a warm welcome to the program. Mark farber is with us on set. Well be getting to him fairly shortly. First, alstom shares are soaring higher as they open for their first day of trade since monday. The firm says it is considering a 17 billion effort from General Electric for its power unit that includes 13. 5 billion in enterprise value and 3. 5 billion in cash. Alstom will make a decision by may. It all comes as rival siemens says it needs a month to prepare a bid for the country. Where does this leave us exactly . Stephan, where does this leave the french government