Now. As that that starts its twoday fomc meeting for this month. Were are fears of brexit as head towards june 23 and the referendum in the u. K. U. K. Ferendum in ,he s p is still not that bad youre today or from the yearly lows. Or from theate yearly lows. Still up about 13 or so. Even with this slide down, we are doing well year to date. Lets take a look at the imap function. The 10 sectors in the s p, we have a fairly big lean towards the negative territory. Financials down the most by about 1. 5 . Material is down 1. 4 . Telecoms up. 2 . We did hear about the fcc and that neutrality rules. Net neutrality rules. Ricin and at t getting a pop because of stability moving ahead. Getting a and at t pop because of stability moving ahead. The fed meeting today and tomorrow come Interest Rates on the minds of many. Take a look at where we are with yields across the world. The german tenure is down three basis points. 10 year is down three basis points. Swiss as well. The 10 year yield is d
Throws their support behind theresa may. As she sealed the deal for the top job in britain . We are going to discuss all of this with our allstar guest lineup today. In a moment we will be speaking to socgens chairman, and later in the program, the head of the european stability facility. Plus, ecb president mario draghi speaks in 30 minutes. Were half an hour away from the European Equity market open; lets show you what the terminal was telling us about where we think the story will go. To the fair value calculation, euro stocks down by 8 10 of 1 , london looks like it will outperform, but sterling has been smashed. Dax called lower. Caroline quite phenomenal moves. We sawwas pummeled a drop to its lowest in three decades. One of the most accurate forecasters when it comes to fx see it at one dollar 16 come september, even more pain for sterling. Money moving into the yen we will be watching german bond today with 0 coupon money into the haven that is gold. Clear risk aversion lets ge
Undermine the basic security and privacy interest of hundreds of millions of people around the globe. Laws an argument citing all the way back to the 1780s and more specific and more recent cases that the government cannot compel at to do this. It is a powerful response. Off the record briefing even as we speak over this case. The rhetoric is eating up here as apple response to the governments request to show them how to break into an iphone with the fear that this would be the ability to break into all kinds of iphones. Apple is also citing the history of hacking and the u. S. Government saying by opening this phone up to the previously unknown ability to hack it, it would open up all kinds of phones to all kinds of risks to foreign governments and beyond, even citing the case when the office of personnel and the u. S. Thernment was hacked into private records of Government Employees opened up. A powerful response. On the not moving particular move as we anticipated. What is the next
Holiday. Thats one of the issues. Recently the dollar has been going up and yen down. Thats pressuring the markets. Investors looking for safety in gold this morning. Gold prices up, take a look with a gain on the session of 2 and a half percent. We are following, of course, the latest developments and the race for the white house. New hampshire christiesy, former hewlettpackard ceo Carly Fiorina sus paining campaigns yesterday. What that means for the republican field coming up. The stop story today is Global Market selloff underway. Read arrows across the board. U. S. Stock market futures point to go tripledigit loss when trading began this morning. As we showed you, oil one of the cull pits, the nasdaq down 80 points and oil prices pushing below 27 a barrel with a decline of two and a half percent. On a day like this, kevin kelly, what do you want to the with the portfolio . Kevin you dont have to go much. Theres not a lot of conviction in central bankers and thats the problem. They
Manufacturing contracted for the tenth straight month, and contracting at a faster pace. And this ban on Insider Selling will end in a few days. China put in some Circuit Breakers that remind me of 87 and they didnt know how the Circuit Breakers would work. They encouraged selling, not discouraged it. The communist party can be late at figuring out what to do. I would not count them out in terms of their ability to manipulate the market back up. One thing is certain of 2015, in the face of bad economic data, the market did not react because the communists propped it. They have abilities to stop selling, including making it criminal prosecution. It could be criminal again to sell. That we all know thats true. Could be a White Collar Crime once again to sell. So, the idea that you think china will be down multiple days f youre selling stocks because of that, the communist party wont let that happen. Some say the manufacturing data from december was not a big surprise, and perhaps it was