Rebounds there at least for the cac in france and dax in germany. Germany right now the dax is up 1. 5 . The cac is up by one and three quarters percent and we keep watching that Greece Market because of what it tells us about negotiations right now. In asia overnight you saw that the nikkei closed higher. Didnt follower as it tends to do from time to time. It closed up one third of a percent. The shanghai was up slightly. Well be talking about the broader markets including currencies and commodities in a molt. But stock has a look at the big stories driving todays trading. Lets start in europe. Ecb president mario draghi set to speak at a conference in frank frankfurt. Back here in the states theres plenty of speculation about what the fed will do or say at its next meeting. That twoday gathering is set to begin next tuesday but today the markets will also focus on the treasuries 21 billion auction of notes. And also worth watching today after the closing bell stress test. The fed is
What when wrong . A look backley has at the timeline of events that led to the data theft that touched as many as one in three american consumers. The first time that target heard that they had been hacked was december 13. The bridge itself actually began sometime before then. What the target know and when did they know it . Hackers began capturing credit card data on november 27. Three days later, a site spotted the malware. Soon, a security worker in india on toe alarm and sent it the minneapolis operation center. The alert is overlooked. On december 2, security tools detect another version of the malware, this red flag also goes undetected. Had target acted on the alerts, they would have been able to prevent one of the biggest data theft in history. Instead, for more than two weeks, the hacker software collected credit card information and bounce it around the globe to places like moscow and odessa. I december 12, federal Law Enforcement officers contacted target. The retailer hires
The fed chair will be testifying before the Senate Budget committee this time, starting at 9 30 a. M. Eastern time. She told the join the Economic Committee the economy still needs plenty of support and that the markets are not in bubble territory. Valuations are in house torq historically Interest Rates are historically low. That feeds into the valuation. Theres that linkage. There are pockets where we could see valuations in smaller cap stocks but overall, those broad metrics dont suggest that we are in obviously bubble territory. In reaction to her comments, the dow managed a triple digit gain, closing at 16,518. The s p 500 also picked up ground adding ten points. The nasdaq, though, dropped 13 points. The nasdaq looked worse earlier in the day, though. You did see much steeper declines. It was boosted into the decline of 13 points by the end of the day. The futures right now, youll see at this point dow futures are indicated higher about 13. 5 points, nasdaq up by 2, s p up by 1.
So many crises in the world. Lets start with ukraine. After the Malaysian Airline tragedy, putin seems to be doubling down on his aggression. Firing across the border, sending personnel in. Russian sympathizers downed two more planes. What can we do to stop him . I think one thing that might stop him is if the International Community all way in. The question is if we can get europe and the International Community to go along. I think we might get the point where we can. Second, having been in Eastern Ukraine not too long ago, when i talked to russian speaking ukrainians, they have had about enough of the kinds of people that he is bringing into the conflict. On social media, the russians are recruiting every malcontent and skinhead who will pick up arms and bring them in two into Eastern Ukraine. You think sector wide sanctions may be imminent, and the europeans might go along . The dutch were dragging their feet before, now they are leading the charge. Now, with the russians opening u
Are going to have to grow at 4 , isnt that achievable . The First Quarter revision was driven by bad weather, one of the worst winters on record. Such are volatile numbers as inventory numbers. We really view the First Quarter in the rearview mirror. We looked at more current indicators manufacturing, auto, consumer confidence, housing. We agree with the forecast that there will be a rebound and we are going to have a solid quarter the rest of the year. 4 . It is hard to project. We are not forecasters per se. Would we talk to businesses about their hiring and of back they aretheir sales, pretty decent. There is more to do. The long termered growth of the United States to 2 and cited an aging workforce and mediocre productivity. Lot we said, theres a could do to celebrate. We believe theres a lot to do given our position in the global economy. We are really well position the global economy. We have 15 of the 25 top universities and more most productive workforce. Multiple times more pr