With matt pelman. Yes, feeling summerlike. We had that yesterday and it will be that way today. Satellite6 and action radar showing us we have a few showers were watching and theyre pulling into the north and west. If youre up in the poconos you may be seeing a shower crossing through your region but you can see the trajectory of that. Thats going to go to the north and east. Its not really going to hit the city itself. Were seeing a fair amount of clouds starting us off though. Today is not going to be completely bright and sunny but were looking at a mostly dry day, not entirely. 64 degrees in martins creek, 64 in pottstown, ninety nine saint davids its 73 degrees currently in 73. Still feeling a little sticky right now. 70 in glassboro, 71 in hammonton. 71 degrees in dover, delaware as youre heading out today. Heres what you can expect. Another warm one. 85 degrees, temperatures above average today. Its going to be breezy once again. Were watching for an early shower to the northwes
With tom keene in new york. Deutsche bank is down 7 . M the idea of a cash call being had. I can maybe make a guess. What are they waiting for . They have to go out and recharge. It has been years and years and years. Maybe this 14 billion love note is another catalyst to get them there. Francine they say they dont want to pay 14 billion. May they will get a better deal. The analysts guessed 5 billion. Im not sure how how they got it so wrong. Lets get to the news. Angela merkel is promising to do everything she can to hold the European Union together. They are meeting in bratislava brexit plot their post course. British Opposition Leader Jeremy Corbyn says his labor party is looking to norway when it comes to the brexit. Norway has exit to the e. U. Single market but is not in the e. U. Itself. Maybe we can learn a great deal from norway. After all it has a successful economy. It is based on oil. It is a much smaller society strongrs but they have a social democratic tradition. They h
German Business Confidence for the months of february is at 105. 7, a touch below what economists had forecast. 00. 6. D a figure of 1 its below expectations. As we are seeing yesterday with those pmi numbers out of the eurozone. We are seeing a little bit of crunch as weakness in the Global Economy is starting to affect the european region and germany as well. 1. 1028. See euro at we are getting breaking news out of christine lagarde. We will monitor the news we get from her purchase talking about the gcc countries. Stocks falling overall globally. Over renewed concern over the strength of the chinese economy. Stoxx 600 down 0. 2 . The shanghai composite was led lower by a lot of the financial and industrial companies. After the central bank in china weakened the yuan. The pound declining. Crude slumping. Lets get on to the second board. Rick off mo risk off moved. The pound had to do with brexit. I want to show you two stocks that reported earnings. Cutting its dividend. Standard cha
Setting up defenses against a possible takeover of burberry. Lets head to the markets desk where julie hyman has the latest. Julie declines steepening as we get out of the gate. Just half an hour into trading. Already stocks hitting the lows. The s p doing the worst of the three, not the pattern we have seen recently. The chinese export data and the japanese gdp data, and commodities breaking down, stocks cannot sustain their gains. We have energy and materials, the leading groups yesterday, down big. Each falling more than 2 . It is a broadbased decline. Consumer staples little changed. Besides that, a lot of red. In stocksen selling and buying in treasuries. Yesterday to some extent as well. The yield on the 10 year note going down to one point 82 . People looking for safety today. 1. 82 . G down and with Economic Data out of asia, commodities are having an effect. Oil prices, which had gained as much as 1. 5 one point 5 , now plunging 2. 5 . It is not clear if anything had happened.
Spider. Longestghai comp said streak since october. How much is it the slowdown deepening . Are we going to have to see a depreciation . I want to talk about what is going on in europe. The number story that comes together quite nicely. Carney on the brexit. Weve got this migration story which has a brexit angle. Heavy german industrial numbers. We have the german industrial story. Hans go week hans we have the turks upping their numbers overnight youd that is an easy number that is an easy check for Angela Merkel to write good to write. Guy you think about how you price this one into the market. This is brussels, germany showing we can deal with the prices. What would be negative for the brexit, in theory is positive for the pound. T has a Ripple Effect maybe they tighten up a little bit as well. The german story is fascinating and how we do with that with draghi. Maybe this economy is not having as many problems as thought youd as thought. We are going to avoid recession. Pimco as we