Cac in france up by quarter of a percent. Check out crude oil price. Crude oil down by 16 cents. 43. 14. Big news is whats happening in georgia and atlantis and other markets where they are having difficulty getting oil or getting gas to the pump. Its been shortages for a lot of drivers showing up and much higher prices for some of those drivers. Thats a story were watching very closely. Lets get an update on the man suspected of setting bomgs in new york and new jersey. Ahmed khan rahami is being treated for gunshot wounds after a shoot out. He was spotted yesterday sleeping in a doorway of a bar in linden, new jersey. Two officers sustained minor injuries after a gun battle. Rahami was conscious as he was loaded into an ambulance. Investigators say at this point hes the lone suspect in the case. Hes a 28yearold naturalized u. S. Citizen born in afghanistan. Hes been charged with five counts of attempted murder of a Law Enforcement officer and more charges including terrorism are expe
Careful. Welcome to the program program. It looks like it will be a fairly strong one for european equities. It will be opening up around 9 10 of 1 on the euro stocks. Whole bunch of stocks this morning. That will affect the market. The cac 40 and the dax up by 8 10 of 1 . The mattel he what else is going on around the world. The big move in the eurodollar. Where we are trading. Look whats happening to the kiwi as well. Here is the story were going to get into. Youre watching the story in brazil. Look at what crude is doing. Nymex is trading up over 2 . Here is the bloomberg first word news. The yuan fell to a 15 month low. Smaller than estimated increase fixing speculation that china is trying to limit gains against the dollar. Compared with 1. 1 . In brazil a federal judge released recordings that president roosa and her predecessor da silva. Earlier she said she was bringing him into the government for his merit the nine it was to shield him from a corruption probe but critics say t
Manus if you so some of the biggest deals in the world. 29. 48e comes in at billion euros. 24 pointate was that 29. 5. Adjusted there for the company. The estimate was for 5. 75. They say they have and adjusting error. Anna i wonder how concerned they are about the Global Growth outlook. Somewhere about what happened to the dollar as a result of the fed. We got a nice chart of the dollar diving on the back of the feds meeting. Manus that is quite a genetic move. Anna the lowest in almost five months. A piece on the bloomberg which is about all kinds of insights. His background that we all know. He says low inflation in the u. S. Is it lack of a will to . It and not a lack of tools. You can go to dots go. The positioning of the dollar is interesting because the market was already the least bullish on the dollar since 2014. This wonderful piece is this is a battle of the fed prognosticators. Yet to bet on the dollar, not the treasury. You have to bet on the dollar, not the treasury. Bill
The nasdaq is off by 18. This comes after both the s p and dow closed at their highest levels of the year after yesterdays fed meeting. That fed meeting along with the News Conference with fed chair janet yellen, were going to be talking more about her message. In the meantime, take a look at wti. It is up by just over 2 to 39. 28 a barrel. Getting closer to the 40 level. Also, if you take a look at the currencies, the dollar is down against the euro, which is all the way up at 1. 1308. The yen is trading at 111. 36. Dovish Federal Reserve keeping Interest Rates unchanged, suggesting it will be very cautious about future rate hikes. A pretty upbeat assessment of the economy. Yellen had this to say at the News Conference. You have seen a shift this time in most participants assessments of the appropriate path for policy. As i tried to indicate, i think that largely reflects a somewhat slower projected path for Global Growth, for growth in the Global Economy outside the United States and
Roughly where they are. And any motion there is going to be slow and deliberate. Lets get to bob pisani on the floor of the new york stock exchange. It is the newest leg of this rally, Dow Jones Industrial average at a high for the year and much of it is being fueled by that weak dollar set off by the fomc announcement yesterday. Want to show you that dollar index. Dollar lost 2. 2 against other currencies just in the last 24 hours or so. Thats a huge move. Big move and big help from materials and industrials and Energy Stocks. Look at caterpillar here. Caterpillar gave the worst kind of profit warning, dropping essentially dropping profits 30 in the First Quarter and the stock is up 1 today. Look at that. Moved about 3 . This is a twoday chart. Thats a sign of how powerful the weak dollar rally has been. Now, take a look at other commodity needs, throw in a couple of names, free port, alcoa, devin energy, Energy Stocks moving today. This is the second day of a notable rally. Put the s