Macro front. Merkel got things moving a bit. Lets take a look at the tenyear note yield. Were right around 2. 4 but off the highs that we saw, almost 237b9 2. 5. We hit it yesterday. Crude oil at the bottom. Lets get to the road map. A change at the top of twitter. Ceo stepping down. Jack dorsey will be the interim ceo and theyll join us for an interview. And the imf walking out on debt walks and Angela Merkel with new comments. What you need to know to trade. First the ceo of twitter is stepping down effective july 1st. Hes going to be replaced by the cofounder of the company on an interim basis. It comes from amid pressure from some investors who have been unsatisfied with the growth rate. Heres what was said last night during a Conference Call. One of the reasons im stepping in is of the belief i have around our direction and our strategy and specifically around the products. I have a lot of context for it as chairman as talking with the team running it and i do believe that it is r
Just breaking in the last hour, youtube launching a new gaming app. Well bring you the details how this could help google take on amazon. A move to the down side after yesterdays gains. Today we have ron weiner and rick santelli. Welcome to all of you. Kenny, let me begin with you. What are traders saying why we are seeing the dow down 167 points . I dont think anyone is surprised. The move wednesday, that explosive move up from where we had been testing lower came on the back of more rumor about greece. The fact we are getting another, not so much a rumor but news makes perfect sense money would be coming back off the table as people position themselves ahead of the weekend. As welles a next week when the fed comes out with their statement wednesday. Rick, youll love this. Got the fed meeting next week. Whats the more likely yield on the 10 year by the end of next week . 2. 30 or 2. 50 . Ill stick with 2. 50 . I have to say you know what judge . I want to put an asterisk. No market mo
Concern over the greek debt crisis. We are seeing a go for safety in the bond markets. We are seeing money moving into japan and germany. Meanwhile, money coming out of italy and spain. Is it because we saw an injection of supply into the markets yesterday. Money coming out of spain. Interesting the desk interestingly though, greek has started coming down again. Still, not a sudden run for the asks it sudden run for the exit. But is have a look at the s p market. Not one of them is more expensive than the ferrari. They make seats for the airplanes. The delays continue. They have been hit by strikes. Jpmorgan saying look the french are opening a criminal investigation into the crash and the french alps. With tons of says they do not know anything about it. Jonathan the dax off let us get out to asia. Sherry, a volatile week. Shery asian stocks rebounding. These last days erasing the kleins. Still on a erasing the kleindeclines. Stocks ending the week lower by 2 10 of a percent. Leaving
Macro front. Merkel got things moving a bit. Lets take a look at the tenyear note yield. Were right around 2. 4 but off the highs that we saw, almost 237b9 2. 5. We hit it yesterday. Crude oil at the bottom. Lets get to the road map. A change at the top of twitter. Ceo stepping down. Jack dorsey will be the interim ceo and theyll join us for an interview. And the imf walking out on debt walks and Angela Merkel with new comments. What you need to know to trade. First the ceo of twitter is stepping down effective july 1st. Hes going to be replaced by the cofounder of the company on an interim basis. It comes from amid pressure from some investors who have been unsatisfied with the growth rate. Heres what was said last night during a Conference Call. One of the reasons im stepping in is of the belief i have around our direction and our strategy and specifically around the products. I have a lot of context for it as chairman as talking with the team running it and i do believe that it is r
Just breaking in the last hour, youtube launching a new gaming app. Well bring you the details how this could help google take on amazon. A move to the down side after yesterdays gains. Today we have ron weiner and rick santelli. Welcome to all of you. Kenny, let me begin with you. What are traders saying why we are seeing the dow down 167 points . I dont think anyone is surprised. The move wednesday, that explosive move up from where we had been testing lower came on the back of more rumor about greece. The fact we are getting another, not so much a rumor but news makes perfect sense money would be coming back off the table as people position themselves ahead of the weekend. As welles a next week when the fed comes out with their statement wednesday. Rick, youll love this. Got the fed meeting next week. Whats the more likely yield on the 10 year by the end of next week . 2. 30 or 2. 50 . Ill stick with 2. 50 . I have to say you know what judge . I want to put an asterisk. No market mo