Was oil woodhead sharply lower and stocks would fall along with it, yet that is not what has happened. Have p and the dow each. 5 not a runaway rally but if you look at the s p 500, you will see what im talking about here. A gradual increase throughout the morning and what is interesting is as we have seen ad itslly, the dow highest and nine months, we have seen people dumping their short nuts on the s p 500. But you have here is the measure of short positions on the s p 500. Weve seen a decrease in those positions at the fastest pace in four years, sort of a far and of this chart. Beenosition has substantial as people have been squeezed out as stocks go higher. Mentioned stocks year with oil wiping out some of its losses. Julie you can see it was lower but climbing back substantially, down almost 2 . Flirt with the positive before closing down by a little bit and we continue to watch the correlation between oil and stocks. Looks at the two and we have the 120 day directional correlati
As stronger yen sparks fears over the bank of japan going deeper into negative Interest Rates. Thats something that spooked the market before. Well look whether this last for banks. Our yields have gone lower as well. The white house meantime this may be one of the reasons the selloff, the white house this afternoon saying treasury is working on even more steps to counter tax avoidance after the changes to inversion rules they announced earlier this week and ceos were showing you there are speaking out against antibusiness rhetoric as they see it. Well tell you what they are saying and we have two Business Leaders here to debate the issue of whether the u. S. Is losing its Global Competitive edge. That really is one of the reasons were down 222 points. Searching for the next great business leader, under armour ceo will join us, his stock price is coming up as well. Lets get to the closing bell. With us, ann meletti, brought the rain with her and rick san telli and keith brliss. When yo
And whats at stake on tuesday when we have arizona and utah coming up for grabs. Connell mcshane okay. Who is so desperate for attention. Look what hes wearing on. Which could you wear anymore green . Connell absolutely right. Missing the parade of the avenue, by the way, to bring you this on the delegate math. And its interesting on the 17th of march means weve gotten past the 15th of march, which is what were looking forward to. Some say theres more clarity in the race. We move to the 22nd and arizona will vote because of its proximity of the border, and everything donald trump has on border issues, there seems to be an advantage of that state. Lets say he does and then start looking at the state of utah, which is the Cruz Campaign 40 delegates state. A caucus state. Remember, this race isnt over yet. Some say donald trump has a clear path to 1237, the magic number. If cruz wont wants to stop him, utah would be a good place to start. Now, if we come back out on the map, some of the r
Before it happened. Its going to be en masse. Neil i want to go to Ford Oconnell on this. You think about what he is saying there. In the middle of a boom back in the market, very good employment report. Dont buy everything you see. If thats resonating or is he leaving themselves vulnerable to criticism . I dont know if its a mixed blessing saying youre missing it. What do you think . Hes definitely been himself hoping that he wants to be honest in a straight shooter and even though the market is booming, main street america doesnt go that way and they dont listen to someone like donald because its obviously a success. And so much that helps them but one eponymous pylon its hard. Neil one thing i find that you can never have people piling on you. They are right down below financial lanes in and out of the tech financial territory. When i started listening to a trump was named and believe me hes not a fan of the show, boycotts the show. And people dont like me. Im not going to take it t
Under way inng australia and south korea. David lets set this up and really have a look at what happened overnight. One of the biggest drops in one month. That is europe overnight into midnight. A look at the americas. Brazil, 2. 5 . I think whats really interesting here is that the reasons people are selling is building an part of it, some of the reasons like a weaker u. S. Dollar, was a trigger for Risk Appetite and has become a reason to sell. Disappointing earnings coming through. Financial stocks wiped out from the u. S. To europe. And you have earnings as well. Watch the top line. Markets open in asia. Tracking the losses we saw on wall street. Japan is still closed. 25 . Korea down about a double dose of stimulus coming from the ibm. We will check in on a lot of these stocks, which analysts have a flag of the main beneficiaries. Cents. Dollar, 75 u. S. Check out the dollar yen. We are still trading at around these levels. We heard from several fed officials overnight. June is li