9. 2 . Its weaker than estimated. 400 94,000 annualized pace in the pace in december was 544,000 and that have been the strongest and 10 months. The median forecast was 520,000. Sales and the west in particular are down 32. 1 . Yesterday, we got existing home sales that looked better and that is by far the larger part of the housing market. We will keep watching to see if this has an effect on stocks which are deeply in the red across the board led by selling over in europe and exacerbated by the price of oil which continues to drop. We will get Oil Inventories at 10 30 a. M. And we will see how those numbers affect things. In terms of the groups on the we have most groups in the red with the exception of utilities. Butnsives are doing better financials are slumping once again. Jpmorgan at its conference yesterday said investment ranking revenue was down 20 from sales and trading. Down in 2016 and Energy Stocks are falling again and discretionary and industrials. A lot of the economica
The pound by jude 1 40 1 the pound of buys you 1. 41. Pimm Officials Say there was a second suspect involved in the attack on the brussels subway. The suspect accompanied the suicide bomber to the mall back to the maalbeek subway station. He may still be alive. North korea claims that has made progress developing ballistic melissa those. Kim jonguns regime has said they completed a solid fuel rocket engine. A new Bloomberg Politics poll shows republicans are not rallying behind france to stop not rallying behind to stop donald trump. Global news, 24 hours a day, powered by our journalists and news bureaus around the world. John jon reforms to fix the global economy. Chinese equities, down the most in two weeks. Shawna china, we have heard a lot from the premier and pboc governor. What is the message from authorities in china . We have heard a lot from the top folks in the government here. The message is clear and consistent that they can get that 6. 5 stay above goal they have set for
Jonathan no time to enjoy that in the markets this morning because it is deep red across equity markets. Equity markets down in europe. 1. 36 on the ftse 100 with a miners leading losses. S p 500 futures negative. Switch of the board to japan. Dollaryen, down by. 9 . Three years and a day since the kuroda experiment began. Yields in germany. You have to go to two decimal places just to get one. To thesis points days where yields were around five basis points. Wti down to 35. 64. What is happening in the markets. Stephanie i want to give you a quick headline crossing twitter. Really getting big and the content game, far fiat beyond 140 characters. They will be streaming thursday night games. Is this the kind of business that yahoo wanted to be in . David facebook was in discussions with this and they decided not to do it. Stephanie yahoo wanted to be in this and but for is a meyer is using a different strategy, needs to up their game, and they are trying to do it on the field thursday n
We need to get a snapshot of todays action with julie hyman. Julie we havent had big pullbacks recently. There has not been that Much Movement either way in u. S. Averages. The fact that we are seeing a pullback that is good getting there are these concerns about growth. The strategist over at Goldman Sachs says today that the recovery we have seen in the United States in the stock market is likely to falter before gets a second wind. There arere was two big issues. A slowdown in the buyback activity. He thinks the other reason is going to be the drop in profits for the s p 500. Take a look at the bloomberg. We are seeing the s p 500 strategists are still pessimistic. The median forecast is 2150. And im going to send it back to you. Belowthe dollar falling ¥110 for the First Time Since october of 2014. That means the yen is at its strongest level in a year and a half. It just illustrates the risk off trade we have been seeing. Negative Interest Rate policy continues to give jim at jap