If you break down the markets, they are having a rough ride. Matt, when you look at the u. S. Dollar strengthening and oil prices plunging, it seems the only possible catalyst is opec, the ecb, and the fed working together. The block. Matt the looks like the market is trying to spank this out of those groups you just mentioned. 40 on s p futures. 3. 36 on dow futures. Japan closed hong kong was down big. In europe, we saw bigger moves. 40 in paris, down 4 . The dax down almost 3 . At one point it was almost down 4 . Look at eu banks. You knew we had to watch stocks jen earnings. Even though earnings grew, they missed estimates. That has been a big concern. European banks have been a concern after Deutsche Bank. Socgen down. Hsbc is down four and a half percent. Interesting story we will get to about the capitulation of hsbc to investment bankers. Freezee saying we will pay raises, then two weeks later say that is not a good idea. They will continue with plan to pay raises. I was going
European open, the rally in europe, Deutsche Bank down another 4. 5 . The dax deep in the red. There are so much to discover this morning. Cehic. Et over to nejra a turkey will be pressing for concessions as the European Union meets over the refugee crisis. The eu wants turkey to stop the flow of refugees from the middle east in return, turkey wants money, a quicker path to joining the eu and the ability to travel to europe without visas. A Kurdish Militant Group has claimed this possibility for last weeks explosion in turkeys capital. The same group that claimed responsibility for a similar attack on turkish army officers. To fillt obamas choice the Supreme Court vacancy goes to capitol hill that it. Today. Mitch mcconnell says garland wont even get a hearing. Some republican senators and say they will talk with him. Global news 24 hours they powered by our 2400 journalists in more than 150 news browse around the world. As we watch the fed affect work its way around the globe overnigh
Commodities. Tom everybody is talking about brussels. I cant imagine the tension. Imagine you have kids in brussels. I cant imagine the tension. There is a jump condition. That is one of our fames. Not only the usual the client in commodities, but real deterioration across the industrial metals. We are getting a belgian auction in about half an hour. 2 trillion is the new figure. Amazing, isnt it. Vonnie good morning. The french president has the u. K. On board in building a coalition to fight the Islamic State. Wants to join the usled airstrikes against Islamic State in syria. They will meet with president obama in washington. On wednesday, he meets with Vladimir Putin. The city of brussels is under lockdown because of fear of an eminent terrorist threat. The subway system remains closed today. Warnslgian Prime Minister the government expects a paris style attack with multiple attacks taking place at once. Young people in france are lighting up to join the military. The French Armed F
In a house that is owned by an fbi informant. Then his wife was pregnant in yemen. So he caught her calder fairly often. The nsa was eavesdropping and everything in that house, everything going in and coming out. So what happened was that the cia wanted information from that house. It wanted to say, well, give us the transcripts, give us with these people saying. The nsa would not give the cia and the information that they were picking up from the house. They went up three times asking senior officials at the nsa for that information and they would not give it to a. The cia is a building near on a listening post the communications announced. The problem is, theyre only getting the downlink. They dont have the satellite, so they are not getting the uplink of the communication. So they go back to the nsa and say, look, you know, we get the downlink. We have our listening posts. Can you just give us the appalling . Tsa says no well, that is the that is one of the key issues right now. Thi
Similar amount. Japan inflation rose to a 23 year high. In japan, they have been fighting deflation. A. M. Personal 30 spending and the fed watches if we have deflation. 945 a. M. Chicago purchasing Managers Index and at 9 55 a. M. , the university of Michigan Consumer confidence. Is next week a five Day Work Week . Yes, sorry about that. A couple of more weeks until fourth of july. It always feels longer because you keep telling yourself its a four day week. We callllow in radio that a holiday at length in the workweek. We are out of earnings season. Lets do a data check. There is a churn to the market. Everyone is looking to the ecb meeting next thursday. Equities are giving it up in the futures market after a terrific week for equities. The 10 year yield is there. Vxx shows you the bull market sense. Howard ward will join us in the next hour and theres the 30 yield,nd, finally the gold is shocking the gold bugs. The court deflator is what the fed watches. This is one percent. I get