It is only the Dow Jones Industrial average right now that is lower today. We had a raft of earnings and a huge amount of Economic Data, very poor Economic Data. In the s p 500, it is some of the banks dragging it lower, but the dows worst performer right now is boeing, which is down 5 . Exxon mobil in there as well, and then j. P. Morgan chase. We had earnings from Morgan Stanley this morning. It has been a little all over the place, but down 1 now. The 10 year yield at 60 basis points after we got another whopping claims number, which we were expecting, but nevertheless is a shock to the system when you see it actually come out. Crude oil back above 20 a 0. 33. Just up about the u. S. Government said it was mulling paying drillers to keep oil in the ground. The vix just above 41. Guy a lot of oil. Lets check in with the bloomberg first word news. Here with the details, ritika gupta. Ritika the coronavirus outbreak has now effectively erased at decade of job creation. More than 5 mill
Legislation,extra extradition legislation saying it is dead. Deutsche bank shares slumped over 5 as danske bank flashes its profit forecast for the year. Manus welcome to daybreak europe. Time for a little defense. S p, lower. It is blackrock who leads the charge this morning, cutting their equity risk, changing cash balances. Go moderately defensive, the difference between blackrock and blackrocknley is likes u. S. Equities. They still want to be overweight u. S. Equities, so that is something to bear in mind. How much more bang for your fed back will you get . We will put that to the guest host this morning. Lets look at consequences of over ambition. Capital. Apple. The michigan what happened during the session, a downgrade coming through. Fundamental deterioration they are saying. They are worried about the iphone and in terms of analyst, they havent been this negative on apples 2004. Ratings on the stock, the most since 1997. The market is pricing in 87 basis points of a cut. Thre
Week President Biden once again rightly pointed out israel has the right and i would say the duty to defend itself in the brutal hamas terror attack of october 7. It left approximate 1200 at 240 taken hostage. There must be no more october 7. President biden also described the ongoing humanitarian disaster taking place in gaza today. Over 31000 palestinians have been killed. Over two thirds of them women and children. Likely thousands more are unaccounted forunaccounted for buried beneath the rubble. Gaza has become human suffering. He mentoring organizations that operated worldwide for decades say they have never witnessed a more terrible situation. Dam president , among those suffering in gaza are not only over 2 million innocent palestiniania civilians but also over 130 hostages still held by hamas. Including americans. Earlier this week i met with some of the families of israeli hostages whose loved ones were kidnapped and are still being held o captive. I suppose one brave woman h
Is an importer of gasoline. It means that we have to correct our ways in the field of consumption, that is, it is not a onedimensional issue, but with the conditions we have now, and we have not done anything in those fields, the previous government did not go much for construction and compromise, and we could not compensate for the imbalance in production. We must do something so that if the situation worsens, it will not harm the deprived class. Now maybe it has gotten worse, we used to be exporters , we had income, now we are importers , we are importing gasoline from the pockets of all the people. We received from the ministry of welfare that 45 houses in the country do not have even a single car. We are speaking for the general public. This National Media of the whole country is watching this program in small towns. I dont know the villages, different places, just tehran and big cities , dont look. Of course, there are houses in tehran that dont have cars, but the real statistics
Expanding trade with africa. We may also hear more about the shortterm spending measure that republicans unveiled last night which would fund the federal government through february 16. Debate in the house likely tomorrow. Live house coverage is here on cspan. The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Lord god, architect of the universe and advocate for us all, thank you for giving us another day. When we rise from sleep activities of the day stir the mind, having a job to fulfill sets us into routine as a people with purpose. Daily work demonstrates responsibility and manifest our participation in your creative power. Mind and body together become engaged in productivity, success tenance or Service Beyond ourselves. Because human work bestows a special dignity upon a person and achieve a just society, we know how important it is for us to pray for the unemployed and those who work but still struggle