Im tyler mathisen. Three hours left in the trading session. Stocks are really holding in the red, but really not by much. Look at the numbers. Very minor moves. Checking the names you might own, apple the only one on this list here in the green. And it by half a percent. Alphabet or google, microsoft and jpmorgan off fractionally. Im michelle carusocabrera. The imf says it is lowering the 2016 u. S. Growth forecast again, blaming economic setbacks in the first half of the year. Twitter shares under pressure following a downgrade at loop capital. More on that call ahead. Durable goods orders Holding Steady in august. Economists were expecting a drop. Brian . We have a big two hours ahead. Hi, everybody. Im brian sullivan. Lets start with the banks. Steve liesman and woolford frost are here. Lets listen to what fed chair janet yellen just said about u. S. Banks. We are undertaking a look, comprehensively, not only in the consumer area, but compliance generally because there have been a v
Brent lower by a dollar, back below 40, decline of 2. 6 . More on the markets in a moment. First we kick things off with tensions running high on the campaign trail politics turning violent. This weekend, the fists come at a trump rally in illinois. The gop frontrunner blaming Bernie Sanders backers. Look at that person, that foolish person. All right, get them out of here. Get them out. Send them back to bernie. Send them back. This isnt the first time violence has erupted at a trump event. Watch this attack from just last week. Secret Service Agents had to make their move to protect trump after someone tried to get on the stage. If you see somebody getting ready to throw a tomato, knock the crap out of them, would you, seriously. Just knock the i promise you, i will pay for the legal fees, i promise. I promise. Hot rhetoric on the campaign trail. Tensions rising there. And meantime we have exclusive new data on who wall street wants to see win the white house this november. Steve lie
Though she is heartened by the strong employment numbers on friday. And expects over time inflation to be back to 2 target, but shes in no particular hurry. The real risk because of china and slack in the economy, the real risk for inflation is to the downside. Stan fisher not speaking directly on current monetary policy. But does he drop this one element here saying he has seen possibly the first signs of an increase in inflation. He goes on to an even more academic speech where he says the natural rate or the equilibrium Interest Rate may rise only gradually. Rates will remain low by historical standards to the future. He said Central Banks have options at the zero lower bound, pushing back against people who say that Central Banks are impotent now given were at zero an used qe at negative rates. The fed he says may face more instances of zero rate conditions given that underlying growth is lower. Finally, he says stabilized Energy Prices will ultimately show that Lower Oil Prices ar
Like exxon, chevron, and pretty much nearly every other oil stock out there. Lets find out the reason and get to Jackie Deangelis at the nymex. Thats exactly right. Near 7 increase in oil prices on the day today. Remember, this is after the seesaw week here and, of course, we are near session highs at this point. Some buying the dip here, some technical buying, driving the price higher, but there is fundamental strength to because traders are looking at numbers out there, not just from the u. S. , but also in europe and taking them with a positive tone. Look at u. S. Production over the month of march. Ive got the numbers for you. A million barrel per day decline here in the United States, were just over 9 million as of april 1st. Next week could be that inflexion point where we drop under that level. Remember, this is down from 9. 6 Million Barrels june last year, so significant drop here. Those rig count declines that were going to hear about later in the hour starting to maybe have
On what were seeing on major heat waves. Well be exploring the markets all afternoon for the next two hours and beyond. Lets get more now on todays slide from bob pisani on the floor of the New York Stock Exchange. Bob . Hello, tyler, and what were seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. Modest rally. Look at the dollar index moving down all throughout the quarter here. The lows recently. Thats reversed a little bit today and some people are debating. The dollar may have bottomed and that may have factored. Energy financial materials were weak today. You know what the market leaders are. Energy financials and materials this quarter and a very specific reap. Those are cyclical stocks. Very specific reasons why cyclicals have done well this quarter. Let me show you the q2 trade, the trade everybody is doing. You have the weaker dollar and combine it with a stable china and you combine that with o