Saw a drop to 95. 2. Somewhat consistent with weaker than expected data. In terms of the financial markets, u. S. Stocks have just fallen to session lows. Notg down by a lot but you see declines by. 2 for the s p 500. Little changed for the dow, nasdaq losing. 5 . The dollar index falling to session lows with dxy at 96196. 10 year yield higher. Two year yield little changed at 55 basis points. Erik . Erik here we are, back at the milken conference. I want to tell everyone about who is coming up, colony capitals tom. Stephanie at 10 30 we will sit down with barry sternli cht. Then terry joins us at 11 00 a. M. Chairman of the cme group, the perfect person to sit down with days after the headlines about the flash crash. Erik Boone Pickens is coming up at 11 30. If you miss his interview you want to tune in. Stephanie one of my favorite interviews of all time. He turned and said what, we are not in commercial . It is the commercial breaks on Market Makers that are the most special. Erik s
Economic data. We have the Business Climate index falling to 108. 5 points in the month of may. That is versus a reuters consensus photograph for 108. 3. So slightly higher than expected. Its still a drop for the month of april. Thats when we saw 108. 6. A bit of a move in the euro hitting the days high. Lets look at the other data coming out, thats 103 in the month of may versus a consensus photograph of 103. 1. Thats shy of forecasts but the headline index is better than expected. We did have the index earlier this week some what disappointing. The pmi leveling off. Is this a sign of germany cooling off or seasonal factors in play . Overnight the German Finance Ministry came out and said were still expecting growth to pick up for the remainder of the year and they still have more than 1. 5 . Lets get to annetta who is live. Thank it away. Well thank you very much. Of course growth and unemployment and inflation are the big topics here and im joined by the chief economist at icd. Was
Hijacked by greece again. You have all the key officials. The ecb, the eu, leaders and certainly financial leaders of key economies, be it germany, be it france. Are they going to have to force greece onto the agenda . Germany wants it very much to be focused on broader topics and sadly i think greece will i think greece will dominate that agenda. The dollar got its mojo back. The euro picking up. 3 against the dollar. We have the Canadian Central Bank meeting. 124. 03. Keep an eye on the bank of canada meeting. We could see a further cut later in the year so says bnp paribas. You see money moving in the socalled payments yesterday as we saw the potential concern from u. S. Rate hikes. We have money coming out of germany and u. S. Debt as well. If you look at the 10year money going into the periphery. Italian down by some three basis points overall. Keep an eye on your bond markets. I would to get into specific stiocks. You talked about iag. Up 1 at the moment. After six months of wait
Lean not to your own understanding and all your ways acknowledge him and he shall direct your path. He shall direct your path. Doesnt say maybe, possibly, it says shall. That means to me absolutely he will direct our path. But we have to believe in him. That is proverbs 3, 5, 6 which is my favorite bible verse. I say it every day and wanted to share it with you. So you will have something to hold on to. Losing Trayvon Martin was absolutely devastating but as i think about the loss also think about the possible gain, and what are they . Just to be here among you, just to be here to let people know, for people to let me know they are praying for us, that they are with us, that they are supporting us, that is what gives us the fuel to keep going. We have that drive because just like trade on just like Trayvon Martin, a am sure you have children, grandchildren, nieces and nephews that you have to care about as well. Gary difficult to stomach the fact that Trayvon Martin wasnt committing an
They have asked all residents to stay indoors. This is the second time since the Second World War this has happened. The first was in the immediate aftermath of the paris terror attacks. What that means is belgian authorities can deploy soldiers onto the streets. We saw soldiers and people really confused and fearful, alisyn. Do they think the people responsible, the terrorists have been accounted for . Did they blow themselves up, or are they still looking for people . They are being very scant with the details theyre giving. They asked for peoples understanding. At this point in time they believe that it was a Suicide Attack but they dont want to go into any more details to try to get on the investigation. This comes three day after the minister believed there was a new network that had grown up around an she slam planning on carrying out attacks here in belgium. We have stressed we have not received confirmation from any authorities as to what took part in these attacks, who they be