Erasing that bounce on the ism manufacturing 0. 25 for the s p 500. Twitter is better on the les stake. Colgatepalmolive doing pretty well. Surprised, but we got down as far as 1. 02 . We see that the twostens curve is at 28 basis points, wider than recently, because the front end of the curve is moving even more than the 10 year. We are seeing a little bounce for oil as well, but it is telling that even with the 2. 5 bounce, we are just below 46 a barrel. Guy here in europe, the german twoyear currently trading at 83. Another six basis points to the good. The bid at the front end, as you mentioned, absolutely being maintained at the moment. The bond market continuing to send scary signals about the appetite for risk. The dollar continues to suffer as well at the hands of the euro , now trading 1. 1132. The story last week was that this is the short story being removed, that this is the carry trade being removed. The market with the volatility we are seeing at the moment does not want
[ inaudible question ] we wanted to find out but were getting out, we got out. We had good meetings request the taliban and were going to be leaving and bringing our soldiers back home weve been there almost 20 years. Done a great job weve got rid of terrorists. Now its up to other countries to get rid of those terrorists [ inaudible question ] we have discussions to go, but weve mad a lot e a lot of prog. Okay thank you. The president ahead of a meeting this afternoon with ceos from pharmaceutical companies, maybe giving just a peek of what we might expect to hear around 3 00 time. With that, stocks are close to session highs. Eamon javers, maybe you can tell us more about what we could expect today yeah, carl. We expect well see about eight ceos of those pharmaceutical companies here at the white house today. The idea is to sort of gather all the big brains in one room at one time and let the president know exactly what the expectations are for a vaccine and for treatment for the cor
Worst down by 1 the nasdaq off by. 6 . The s p down by. 50 lets take a look at treasuries now. You can see at this point the tenyear yield at 4. 68 yesterday on that data that we got at 8 30, the twoyear moved above 5 we have the pce number today squawk planner two reports before the opening bell chevron and exxonmobil in the next 90 minutes. You see two big interviews after those reports. Darren woods will join us at 7 30 eastern time this morning chevrons c, o mike wirth will be on at 9 45. Po we will get key Economic Data at 8 30. Core pce is expected to rise without food and energy. That is down from the february reading of 2. 8 . U. S. Secretary of state Antony Blinken meeting with xi jinping. He told xi there has been progress since the meeting with President Biden back in november there are still many issues that need to be resolved. The meeting comes as u. S. Officials have been raising concerns about chinas economic assistance to russia earlier in the day, secretary blinken me
Themarket has discounted positives and of the negatives of trump toss collection. Trumps election. Vonnie looking forward to a lot of that coverage all day. In the u. S. We are about 30 minutes into the trading session. Sa next trading action abigail mixed trading action. The dow opened lower. The week is relatively young but the dow was on pace for its second weekly decline. A little bit of a bearish trend that as you can see both the s p 500 and the nasdaq are trading slightly higher fluctuating between small gains and losses. We are seeing a continuation of the lack of conviction that is marked trading action for u. S. Equities in recent days. When you take a look at some of the havens we have seen a haven been more recently. We have the 10 year yield trading higher marked in red telling us the safe haven bonds are selling off a bit. Yields rising helping the dollar index up. We do have the dollar against the yen rally. We have gold trading slightly lower if that stays that will bre
The shanghai closed flat. Early trading in europe, markets under pressure. The dax down by 1 , as is the cac in france. Ftse down 0. 6 . Look at crude oil prices. Right now it looks Like Crude Oil is down by 29 cents. Natural gas has been under some extreme pressure over the last week or two. Couple of big stories were watching. President trump is calling china the grand champions of currency manipulati manipulation. In a reuters interview, trump said he has not held back in his assessment that china manipulates the yuan. The China Foreign minister saying china has no intention of using currency devaluation to its advantage. Just yesterday in your interview with mnuchin, he wouldnt go that far. He didnt call it a ma manipulator no, it seems like he stepped back from the trump promises to label china a currency ma anybo manipulator from day one. China has been propping up the currency recently. Well see what happens, but it will be a much more settled but trump will go out there, say it