Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
Where theres you know, theyre used to a lot of cold weather. Theres a lot of soul searching going on inside the ioc. We have curling we have curling i watched that in person. It was very tense really tense once it was the eighth frame, they went up five points you sort of knew what was going on we had a guy sitting next to us doing his own play by play which helped in terms of some of the rules. Did you edit the Cross Country tape were you okay on this . I didnt fall so its like downhill kind of did you go up any hills its more like ice skating. All right welcome back. Lets check the markets after yesterdays 400point rally for the dow. The blue chips are up 10 since the lows of february 9th the nasdaq up more, its recovered all of its losses. Nasdaq 1 from its high that it hit back on january 29th the dow is still off by 3. 5 from the january 26th highs. Look at whats been happening this morning in the u. S. Equity futures. At this point, you can see where we are the nasdaq off by 1 th
Like well get a positive open, but things reversed yesterday. Financials in particular. Europe you ask, jim, you didnt, but ill show it to you. All five of the big markets. You can see spain is the only loser thus far this morning. Continued strength in the euro markets. Eurozone look i think that draghi im not kidding, no conspiracy theory, keeping the euro lower. Theyre not happy with our president. A lot of unhappiness in a lot of places. Our road map starts with President Trump, as he is expected to withdraw from the paris agreement. The major names opposing the decisions and what elon musk said hell do if the president does withdraw. One of the companies by the way hewlettpackard coming up. Well have ceo meg whitman. Shell join us in an exclusive interview. The earnings which were reported after the bell yesterday. Opaque somewhat given a lot of a good word for it. I said difficult. You have to understand opaque is even more by the way its auto sales day. Out this hour, ford and g
Youre in new york. Are you okay there. They asked us to step outside for the beginning of the show but said no. I left my cowboy hat ott home so i couldnt possibly do it. Also you dont want to get assaulted by the tickle me elmos tackle me elmo. Theyre doing a whole show fromout side. Im Michelle Carusocabrera along with melissa lee. The wind behind us late winter blizzard is continuing to pack a punch, 72 million from West Virginia up to maine impacted by the storm. More than 6,000 Flights Canceled and the Weather Channel putting the hardest hit area from the storm here, dingmans ferry, pennsylvania. 24 inches of snow. Wow, we will have the latest on the storm straight ahead. First a check on the action on wall street. Stocks, theyre lower across the board, energy is certainly the biggest drive in todays session as crude oil touches its lowest level since november. 47. 32 a barrel. Fed kick off a twoday meeting and yield on tenyear treasury, 2. 6 , just a bit below right now. The wors
Welcome to squawk alley for a tuesday, jon fortt, Kayla Tausche and myself at post 9 along with investor jason who were going to check in with in just a moment. Some moderate chop as a pilot might say, dow is down about 97 points. Were going to get to jason in a second. First Morgan Brennan with some breaking news. Carl, thats right. Railroad headlines for you. Canadian pacific planning to abandon its proxy fight for Norfolk Southern according to dow jones, also mulling proxy revolutions to push norfolk into takeover talks. In other words Canadian Pacific considering a potential shift in strategy to push the Eastern Railroad to engage in these takeover talks. This, of course, comes on the heels of three rejected offers over the past few months. The most recent being in december. And it really its a bit unclear about how cps ceo hunter harrison, the street fight, the strategy is now going to shift. But again, hearing that it is going to shift according to dow jones. You take a look at t