Coming undone and why were so worried. First, what will determine the fate of this rally and that is the Central Bank Double header. Two key decisions from the bank of japan and federal deserve loom. So what is your central bank playbook tomorrow . What are you watching and how are you trading it . Bk, kick it off. Youve got to watch the dollar. Thats the transmission mechanism for all of this, both just the Central Bank Policy but also what the s p 500 is going to do. We saw last year when the fed raised rates, about a month later started the s p 500 turnover. So thats the key here. The bank of japan tonight is actually going to be very interesting. They have so many different options, nobody has a real good reed on them. But, again, i go back to the currency market, open 24 hours a day. Uup is the way. Into these meetings, long u. S. Dollar, the way to play it. The dollar is positioned right at the 200, right below at the 200 day moving average, an enormously important level for the
The first half called people to run screaming from the stock market. The second half produced some fabulous gains. Even as we pull back today, the dow dipping 32 points, s p declining, nasdaq actually bucking the trend, advancing marginally. Yes, i phrased it like great expectations. Where was the worst of times and best of times one one quarter. I want to do some teaching here, and not just about english l illustrate t the lesson of this winter despair flosh has a spring of hope. Nor one with no earnings prospects, but a company that historically has hung in there . You almost always get a better chance to sell than into the vortex of panic. That causes so many investors to lose their heads at the worst possible time. Lets start with caterpillar. The giant Machinery Company has had such a hard go of it as of late. At the end of january they reported a loss of 15 cents versus 1. 35 profit the year before, but if you looked unthe hood, they taken a huge restructuring charge. At the time
Cfo will join us first on cnbc. Staples and office depot higher in the premarket, reports two in advanced merger talks. First up Oil Prices Rising sharply on expectation of decline and u. S. Drilling activity. Bp posted better than expected quarterly results. Bp ceo bob dudley spoke this morning. I think its going to take time. Could be a long time. There is excess supply. U. S. Productions still growing. We see about the rig counts what its growing. And chinese demand of course great. Growth in china is not as high as it was. So we have stock levels filling up all over the world, tanks filling up. Wont be long before people putting them in ships and that take is along time to work its way off. Is there a lot of oil news today. Thats just one data point. I love bob. Hes late here. Theres already been a dramatic increase in the number of financial players taking down tankers. If you look at nordic and american tanker they will tell you that is happening now. Whats interesting and bob du
Tim cook apple watches the most personal device we have ever created. It is not just with you. It is on you. Since what you wear is an expression of who you are, we designed apple watch to appeal to a whole variety of people with different tastes and frank references. Cory the watch comes in aluminum, stainless steel, and gold. Apple also unveiled a new macbook. Even though it is the second time apple has unveiled its watch, it still got a lot of attention. Gene munster i think this will take a similar trajectory as other apple products like the ipod or the iphone. With consumers actually running out and buying it, it will probably be a year or a year and a half but they have laid the foundation for that. Reporter do you think customers, consumers Pay Attention to what the apple watches for . Gene munster that really depends. It will spark understanding for why people will want to go out and buy the watch. They gave some great examples, but some might be a small case. For example, remo
Apple reannounced the watch at the San Francisco yerba buena center. Tim cook apple watches the most creative device we have ever created. It is not just with you. It is on you. Since what you wear is an expression of who you are, we designed apple watch to appeal to a whole variety of people with different tastes and frank references. Cory the watch comes in aluminum, stainless steel, and gold. Apple also unveiled a new macbook. Even though it is the second time apple has unveiled its watch, it still got a lot of attention. Gene munster i think this will take a similar trajectory as other apple products like the ipod or the iphone. With consumers actually running out and buying it, it will probably be a year or a year and a half but they have laid the foundation for that. Reporter do you think customers, consumers Pay Attention to what the apple watches for . Gene munster that really depends. It will spark understanding for why people will want to go out and buy the watch. They gave s