Chinas gdp is front and center. Its a huge deal. Right now, we need to get to our first word news. Isnie chinas economy staying close to the forecast. Slowest poorlyhe expansion since 2009. That is set to off set exports. The Chinese Government wants it to grow 7 year. Thed is taking site at biggest play since the civil war. They are backed by a ring in special forces and russian airstrikes. Wave ofuld be another refugees heading west. The palestinians are giving up a wave of attacks on israelis. One israeli soldier was killed and 10 people wounded. The attacker was shot and killed in police say they shot and killed a foreigner by mistake. The Iranian Nuclear deal has now taken effect. All sides will have to start delivering on a promises they made. That means a limiting 95 of your rich enriched uranium stocks. The west is getting ready to lift economic sanctions. This may be the end of the road for a Stephen Harper after a decade in power. Canadians vote today. The poll suggests the l
I am Jonathan Ferro in london with tom keene in new york. It was a nondecision, but a hawkish hold . Tom Deutsche Bank said this was big. Jon ferro will speak with Alberto Gallo and then john andng and Richard Claro richard clret arida. Discussions include the u. S. And european allies, russia, and iran. Russia backs syrias president , that recognizes he is a roadblock to solutions. Trip toerkel began her china. A number of business deals are expected to be announced. The chinese will buy 130 airbus plans for 17 billion. A dramatic rescue saved 240 migrants. The greek coast guard pulled them from the sea. Three refugees died, including 2 boatren when their capsized leaving turkey. More than half a million refugees have reached a greece this year. The number killed trying is unknown. Republican president ial candidates try to break out of a nightsmarket last debate in colorado. It focused on dollars and cents. Marco rubio defended himself after a florida newspaper called him to resign f
More volatility today. The s p did fall nearly 4 last week. Stocks are heading for the worst since december. I want you to look at the imf function area this is a look at the performance at the s p 10 sectors. We are seeing an acceleration of declines. Seven of we are seeing the 10 sectors in the negative surprising that energy is down 7 10 of 1 because of what is happening in the oil price. The biggest story of the day here. What are we seeing in the oil markets . Basically we did see oil fall below five dollars per barrel. Talkingpped positively, about volatility for a hot second, now it is trading down again. Row, butecond day in a off of its lows. The crude is at its lowest level since february 2009. Natural gas. Down 6 right now. We saw its lowest price since 2002. This is because those weather forecasts keep talking about warmer weather because of el nino happening in the pacific ocean. Is up sixr yield basis points. Equities push into positive territory. Sinces the biggest rise
This plunge kicks off the friday morning. Julie we have some breaking economic news. The university of michigan january numbers come in ahead of estimates. Up 92. 9. We see an increase from december. So, just one data point. Earlier, we got retail sales coming in line with estimates for the client. The most eyepopping data point is Empire Manufacturing in the new york area in january down 19. 37 . A 19. 37. The negative sentiment has recurrent returned. We are back down once again. As you look at the brett of the decline, it is broad. All industry groups, all subgroups are trading lower. Energy is leading the plunge. Along with technology, the nasdaq is showing the upside when we are moving up. A big cap on technology after a strong 2015. Financials were also lower despite estimated numbers from citigroup and wells fargo. Financials are also lower. Energy is doing the worst. Oil prices are selling off. Belowe crude oil trading 30 per barrel. Since late lowest 2003. I want to check on t
Rate came down so far and has been holding there. It has not gone back up. It is a huge debate and i dont think you look at one jobs report, debut put together a sequence to my and the major theme has to be, are we in escape velocity . At is the big question we will see at 8 30. One number i will be looking at is the increase in average hourly earnings, expected up 1. 9 . It sounds good but it is less than what we have been seeing. A lot of people would rather see people being paid more because it suggests growth and labor demand in the economy. Anything else in the brief . There are no earnings. But we should point out the ecb will be holding a press seven 45. At and the market closes early . 1 00 p. M. The bond market closes at 2 00. A data check. Within ecb meeting this morning, quiet. We drive to 17,000 on the dow. Yields are back up. We have gone from 2. 5 what ever to 2. 63. P come on, courtney, lets go. The vix, 10. 82. 16,998. I am back on watching dollar ruble as well. Lets go