Measure. Overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1. 3 , that is a 2 1 2 month low. Hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1. 25 and for stocks in italy and in spain if you want to check out what has been happening with currencies, the yen has been picking up some ground this morning. It is considered a traditional safe haven right now it looks like the dollaryen is at 109. 77, dollar up against the euro. Also seeing a big move in the swiss franc, seen as asafe haven trade. You check that out this morning, but weve also seen gold a little stronger and u. S. Treasuries picking up a bit as well and big news, disney says that it will pull its movies from netflix and launch its own streaming service, it will take several years to complete. Disney making that announcement as it released Quarterly Results
Controversial depression airing ceoformer wells fargo stepping into the debate and joining us in a moment. About 30 minutes into the trading day, so lets head to the markets desk for julie hyman has the latest. Julie we have some major averages after they touched record highs, declining a little bit, the dow gaining just about six points, so this sideways movement we have seen in the markets does continue. Also, we did not have any economic reports to drive the trading. Lets get to some of the individual movers that we have been watching. Reversed, nowhave higher by 1. 5 . The companys result is somewhat mixed. Cable tv profit up i only 1 and some analysts and investors were concerned that was too small the game having to do with higher tv programming cost and subscriber losses. At the same time, the company paid a Million Dollars or a ,hird of the state in bam tech a streaming service performed by Major League Baseball. Studio entertainment was one of the areas of strength with the nu
Environment today. Earth day started in 1970 making today its 45th birthday and attention sky gazers out there, aprils top meteor shower is here. Expected to peak before dawn today and again tomorrow. This is debris from comet thatcher. This could be the best part. No special equipment is even needed to see them. Just hope there arent too many clouds out there. Climate change. Earth day is not a climate day. I celebrate it. You should celebrate the earth. But are you sure the meteors arent related to the warming . You know the earthquakes from fracking i can sort of you know, i dont know enough about it but i could sort of see how that makes sense. Its a lot more sense than 100 of an increase causing all of these different things. Were going to celebrate it. We needed the earth. Are you an earth mother . Youre down to earth. A little crunchy. Youre not like a tevas. Every once in awhile i wear those out. Why is a shoe company trying to buy mylan. No that would be teva. So teva you were
For some economists, but stocks over there are in the green. Our roadmap begins with the coldest arctic blast in at least 20 years affecting more than half the nations population. Wreaking havoc on commutes, travel and businesses. And the s p meanwhile looking to avoid doing something it hasnt done in a very long time, that is, a fourth consecutive time since the start of the year. Morgan stanley downgrading netflix from underweight to equal weight. And scott cohen reports Jpmorgan Chase officials will avoid madoff related penalties and jury selection begins for the inside trading case for s. E. C. Capital Portfolio Manager Matthew Martoma. A deep freeze is gripping much of the u. S. Forcing businesses and schools to close canceling thousands of flights. Its one of the coldest arctic outbreaks since the 90s and its taking a toll on the midwest, the deep south and even the east. That news is sending natural gas futures higher, its the lead of the usa todays money section. Talking about
Economic outlook grow. The two biggest drivers, strength in germany and france. Things are up slightly this morning in european trading. But there has been some interesting calls on this. And well talk more about what jim cramer had to say about europe a little bit later in the show too. An update from our colleagues in london in a few minutes. Jimmy saying europe is back. And thats a big story for u. S. Stocks. Corporate news, the former jpmorgan trader known as the london whale and regulators reached an agreement to avoid criminal prosecution. But two are expected to be charged as soon as today. The s. E. C. Is said to be in settlement talks with jpmorgan over disclosures of the trading losses. Number of activist investors in the news today. Lets start with carl icahn. Hes taking a large position in apple and says the stock could be worth as much as 700 a share. If ceo tim cook pushed for a larger stock buyback. In the tweet yesterday, icahn announced he has spoken to the apple boss,