Persistent low inflation we have seen. Again, the number, 91. 2 better than had been estimated. So, what are we seeing of the stock market in the meantime, we had been seen a rally already. Nothing in the number to dissuade us from the rally, bouncing back from yesterdays deutschebank induced declines. We will get more on deutsche you in a few moments. All three major averages are trading higher. If you look at the recovery we have seen, you can see it in the futures overnight. Yesterday we had a slump in stocks. That slump continued until the Early Morning hours here, and then we have seen this turnaround in the u. S. Futures. Also, it is a relatively broad rally. Most of the groups in the s p 500 are higher with the exception of real estate. Energy leading the gains. Consumer staples, financials, telecoms a mixed bag of the types of groups higher. Financials bouncing back, but that we have defensive groups, cyclical groups a mix leaving the game. Energy shares are higher. Oil prices
It is all about Deutsche Bank, the worries out there about what investors can and cannot do. Lets focus on the banks. The banks, a story all through surveillance this morning. We will bring you the perspective, hopefully, without it sense of hysteria. A solid bid in the last hour. Francine a little bit better. Lets get to the first word news. Here is taylor riggs. Taylor leaders of dozens of countries are in israel for the funeral of shimon peres. He helped negotiate a Historic Police agreement with the palestinians. The clinton was president then. Israelstarted life as brightest student, became its best teacher. In a state ofars constant wonder. Constant wonder over the unbelievable potential of all the rest of us. President obama also spoke. He had a dynamic ideal. The u. S. Is weighing its options to stop a Bombing Campaign by russia in syria. Those attacks have left scores of civilians dead in aleppo. Russia has ignored threats by secretary of state john kerry to suspend talks on a
And tom keene. We are trying to understand the markets, especially the fears around the Deutsche Bank. Tom not only the fear and the crisis and the charts but exactly what is cocoa . Think an explainer is in order. Maybe by the end of morning we will be a little bit smarter s. Th these odd derivative francine crucial, we will find out more throughout show. Lets get straight to the first word news with Caroline Hyde. The first votes have been cast for the first president ial primary in the United States. These oldfashioned paper bernie showed that sanders got all four democratic votes. John kasich got three and donald trump got to. Bernie sanders is beating Hillary Clinton by double digits in some polls. In the republicans, the polls show donald trump well out overhead. Later today on bloomberg, a twohour New Hampshire special on with all due respect starting at 5 00 p. M. Eastern time. In germany, to commuter trains collided. More than a hundred 50 were injured. The area is not easy to
Brexit debate and then the blackrock comments. The markets are not ready for the hike. Tom it is a stew. It is a stew of news. Youre right, francine. There is a negative tilt to it. Standard chartered really took me back. I know you talked to Chris Wheeler within the hour. What did he say francine he said these are banks going through huge restructuring. He mentioned specifically china. It took a leg lower today. It is going to be that much more difficult. Lets get to our first word news with nejra cehic. Nejra a boost from the business communlt. 36 chairman say it will be best for the economy if the u. K. Stays in the e. U. Leaving the union would deter investment, threaten jobs and put the economy at risk. Rebel groups in syria have until friday to sign on to a partial ceasefire. The u. S. And russia agreed to this yesterday. A new controversy in the president ial race just hours before nevada republicans vote in their caucuses. Ted cruz has fired his Communications Director for twee
The hour. We are delighted to have both of you here. Kicking us off right now is vonnie quinn. State johnretary of kerry and his russian counterpart agreed on a ceasefire and a meeting in munich. They also agreed to airdrop humanitarian aid to syrian cities. Still be planes will able to attack islamic state. In oregon, the last four holdouts in the occupation of the wildlife refuge go before a federal judge today. They surrendered to agents yesterday. Now that they are battling oneonone, more differences between democratic president ial candidates are emerging. As they debated last night, referred toton Bernie Sanders ideas as unrealistic. But Bernie Sanders says he thinks voters are ready for a new reality. Bernie sanders the American People are tired of establishment politics, establishment economics. They want a political revolution. Come together, not let the us,ps of the world divide and say in this great country we need a government that represents all of us. Caucuses will be hel