Julie we have stocks trading a little bit higher as investors tried to figure out what to make a fridays jobs report and look ahead to janet speaking, today around midday. The dow leading the gains as the nasdaq is the lacquer lagger. Shares up more than 1 as a group and that is the leaving gain in the s p 500. Materials also higher, finance bouncing back from rightist decline, industrials and tech up as well. Oil could reach 60 a barrel by the end of the year. They did say the global oil surplus is being worked down more quickly than had been anticipated, Oil Prices Higher by 2. 5 , still shy of 50 a in thethe jewish u. S. Iron ore miners and miners of other metals are rallying as we see the underlying metals rally. In looking at the bond market, we saw a big drop in yield on friday following the jobs report. This is the first increase that since may 27, up to 1. 73 percent and looking at currencies as well, the dollar strengthening versus the euro, the pound and the yen. Focus, theas
Prepared is the market for a hike . Financials are the only sector still in the red so far this year. Were going to talk to barclays banking analyst about where theres some opportunity. And our new Digital Series binge launches today. We talk to marquee names in the world of media for an inside look at whats driving our binge culture. Well give you an inside look at what to expect. First up investors focused on speech today set for fed chair janet yell. How the future impact Interest Rate decisions if you listen to some today maybe the chop in the data doesnt necessarily dissuade them from a june move. No, not one month at least doesnt dissuade them. I think the question has to arise exactly how much more data are we going to get before the july meeting that would actually give you assurance that it isnt the beginning of a trend. The fact that markets took it in stride relatively speaking, at least the stock market really just held in there, buying panic and treasuries of course. They
Also some tech m a. Oracle buying netsuite for 9. 3 billion in cash. That makes it the second biggest acquisition ever. Thats behind the 10 plus billion dollar acquisition just over ten years ago. Just had a conversation with people familiar with oracle speaking on this and i was wondering right now because larry and his Family Organization connected to him own about 40 of netsuite. This deal looks more expensive than oracle has been paying for cloud acquisition. So why do this now . It turns out if you look at what oracle has been up to over the past couple of years, they have been building out cloud infrastructure. Paying a lot of money for the Data Center Resources needed to become the Cloud Company that they want to be. They needed to get there before they could do this netsuite deal and make it flow and work and create the company and similar to if youre building out hotels you need to build the hotels before you can have the tenants actually make money. Thats something behind thi
Begins with walmart taking a hit after the company cut its Sales Outlook for the year. The ceo is saying theyre on firm grounds in the United States. Another component on the move, ibm getting an upgrade at Morgan Stanley. Just the beginning ever apples battle for privacy. Number of ceos weighing in, including google. Walmart, a Fourth Quarter, 149, beats estimates, but revenue u. S. Compss to a stronger dollar, store closures and battles theyre fighting in places like brazil. Now, look, maybe they felt like they had to cool expectations. Its just an under promise, i dont know. The outlook, first quarter, 1780, the eps for fiscal year 2017, 4 to 430 versus 17 consensus, revenue flat . Versus plus three or four. Although they say if not 44 in 3 to 4 . Is that an excuse or not . Geez, i dont know. Maybe the 6062, but i think it ran to 66, because there was a whisper there was a turn this corner and not just that it was in line, but a turn. Im a believer of what hes trying to do. But if w
October 2011 that the s p 500 has rallied at least 1 in three consecutive sessions. U. S. Equity futures at this hour, the dow opening higher. S p would open about five points higher. Among our other top stories this morning, were watching oil prices very closely. Brent has been above 35 a bar reversal. Wti above 31. That, of course, as we know can change depending on whatever these ministers that are participating in opec like to say. The late etc. Development, iran said it would support joint efforts by Top Oil Producers to stabilize prices. The market had been waiting to see where iran would come down on that. It did stop sort of committing to those output curbs. St. Louis fed president making headlines. Hes been a prominent advocate of higher Interest Rates. In a speech yesterday, he said it would be unwise to move any further, citing weak inflation and global volatility. Bullard said he wouldnt be comfortable with further hikes until the downward inflation trend reverses. Hes a Vo