Disagrees. As ecb bond buying divides opinion, we will hear from Christine Lagarde, plus how negative yields are impacting the Worlds Largest Sovereign Wealth Fund. Matt i know what the big news for you was last night. Number in the u. S. Showing manufacturers in contraction was fascinating. It definitely moved markets. If you are, even sitting in the u. K. , there is no doubt that was one of the biggest market moving things yesterday in terms of increasing fears, changing the price on futures. We will discuss that. Matt we will touch on brexit. We are going to be going down to westminster throughout the morning and following the fall out of last nights vote. Lets take a look at the market numbers right now, starting with asian equity indexes after those big drops in u. S. Stocks. We see asian stocks rising. Yen bouncing back a little bit. Just an hour ago. To sellare more willing safe haven assets in the last 60 minutes. Crude oil i think fascinating. Weakness we have seen in crude oi
A daunting proposition when the weather is going to turn to 97 degrees later this week. To the day,his is, the anniversary of when it happened in 1997. Questions. A lot of in the meantime, it is a quiet morning ahead of the u. S. Open. Some muted price action. Brent crude reaching the highest level since may. German three year yield dipping a basis point. On theg market currency heels of a less bad that expected gdp report from china. David today we mark the beginning of a big week for bank earnings. At 8 00,with citi tomorrow. Y jp morgan we also get retail sales and Industrial Production numbers. Companies Tech Companies face questions on capitol hill. Netflixy, we get earnings. Thursday, gm unveils its own new made engine corvette. In british open begins northern ireland. That is all coming up this week. We are joined today by Gina Martin Adams and damian sassower. Lets start with those china numbers. I will put up a chart that basically shows what happened. It was the lowest on rec
As much the dow was down 166 points and it bounced off the levels and finished up. Should you buy this bounce, tim . What do you say . If you are short you should be concerned. I think the negative sentiment out there, first of all, still high enough where i think you can see enough of a riff. Saudis oil minister is out there on the tape saying, first of all, we actually want to destroy all the highcost producers. They want to keep largely the same policy but hes also said we do want to freeze production. You have different players saying Different Things and oil is the one that i think calls for todays move. The fact that its been holding on to this 50day moving average, actually kissed it and is now holding it and oil is saying maybe a lot of fear in the market. Stable fuel equals a stable stock market or does that mean higher stocks . I think it means higher stocks. Okay. If crude does stabilize not basically neutral. In fact it fosters the ability for stocks to move higher. I think
Stories were watching this morning starting with oil. Wti crude closing higher than brent yesterday. That was the first time of august 2010. Watch for Inventory Data. Well get that at 10 30 eastern time. And break in the last hour a new report coming up from opec predicting that oil will rise to 95 barrel but only in 24 years. Also on tap we get durables goods and personal income and spending and at 10 00 new home sales and Consumer Sentiment but some of the numbers came earlier when the Commerce Department released spend dag at a yesterday. We got november Consumer Spending rising. 3 last month. That came in line with forecasts. Also apple making it easier to nominate a director but there are restrictions. In a new filing that it put in with the sec the tech giant says its going to be eligible to make a nomination. A shareholder or a group of the 20 shareholders must hold 3 of shares continuously for three years. So also the good news there is it prevents some of the shorttermers. 204
Probe. They say the u. S. Should cancel the charges. Thailands Army Declares marshall law but stops short of a fullblown coup in a sixmonth crisis that has paralyzed the government. Youre watching worldwide exchange, bringing you Business News from around the globe. Resignation has never been a consideration. Thats the statements from a defiant brady dugan after Credit Suisse has been fined 2. 5 billion after pleading guilty to help u. S. Citizens evade taxes. Its the biggest bank to admit to a criminal charge in more than two decades. Eric holder says the activity has been pervasive. It helped account holders by concealing assets. These secret offshore accounts were held in the names of entities and foundations. And this conspiracy spanned decades. In the case of at least one wholly owned subsidiary, the practice of use iing using this more than a century ago. He was named ceo back in 2007. He didnt oversee most of the wrong doing that occurred much earlier. As of 2007, 2008, Credit S