Selloff, were implied to open lower by 87 points. The s p implied to open lower 8. The nasdaq down 27 having the worst day since brexit last june. The dollar has been in a slump. Kind of unchanged right now. 97. 50. Not long ago we were up above 100 and talking about going higher. Big reversal. The yields have been falling. I guess roiled by the stuff happening in washington. The tenyear below 2. 2 . 2. 188. How about europe. The nikkei down 1. 3 . Hang seng down 0. 2 . Shanghai down half a percent to 3,090. Over to europe, i love how they react to the weak day we had and set us up for another day of weakness. The chicken egg tail waging dog thing. Theftse mib down. The ftse 100 down 1. 5 . The german dax down about 1 . Here are the big stories were watching today. Well, there are a lot of did they do that on purpose . Did they do that on purpose . On your show, do you need a teleprompter . We dont have any scripts on our show. What is this today . This is like a half box bell . This i
Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost, good morning to you from me as well. Throwback thursday, were throwing it back with songs of summer. I cant believe its june. Summer. Hopefully it starts to feel like summer in new york. Its been not the best spring. Weve had a british spring. I know. Its memories of home. I bet it gets good as i go to the uk next week. Hopefully. So you hope it will be nice in london or not . I hope its nice here finally. And in london . Yes, for the race. Noshgts its t, its the ele. The dow up a third of a percent yesterday, the nasdaq, up 1 . Tech up 4 , energy the worst performer, down about 4 . Albeit oil prices were positive for the month until yesterdays declines. Lets look at oil prices. Up 1. 3 this morning. For the month of may as a whole, down 2 . Positivity in the futures market this morning. Slight gains, slight rebound. So not necessarily sell in may, go away. Futures are up. Seven months straight for the nasdaq. To t
The cac is up by three quarters of a percentage point. Italian stocks up by 1 . The dax and ftse both up by a third of a percentage point. If you look at crude oil prices, there was some additional pressure that came into this on some libyan output recovering from a technical issue at an oil field that has concerns about whether opec and all of the production halts that the production cuts they continued will really be that effective. Things are picking thank you morning. Starting at the base of 48. 61. Breaking news for you. U. S. Paints maker Ppg Industries will not make a bid for akzo nobel after several informal offers have been rejected. Under dutch law ppg cannot approach akzo nobel for another six months. A check on shares of both of those companies. Akzo nobel down by a point and a half. Ppg unchanged at the moment. Thats the one to watch later today. On todays agenda, Dollar General reporting before the open. Broadcom and lululemon are out after the close. A ton of data throug
Ranges i agree and it occurred to me again why the market went up yesterday, we just dont know how to enjoy good things, good times. I mean, it really looks like we have maybe progrowth policies, Interest Rates that will probably still stay low. Inflation that probably wont be a problem. Everybody is worrying about Profit Margins hitting peak because wage gains will start hurting Profit Margins its bad for income inequality, but in the meantime Profit Margins stasy sustained. Everyone is saying its overvalued, but are we missing the point that there is like a perfect storm . Yeah, and yesterday you were talking about Profit Margins and once wages go up, Profit Margins by definition have to come down. But i think and im guilty of this all the time. We make this more difficult than it has to be to your point, maybe it is this simple now and i think the intelligence i cant, they try to figure out ways where ty the market will go lower. I cant, they try to figure out ways why the market wi
Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good wednesday morning to you from me as well. Happy international weaponom day. U. S. Equity futures after another minor selloff, first backtoback declines since january. We are flat to mixed. Seeking a catalyst. Stocks are taking a pause globally here waiting for the next signal either out of washington, Federal Reserve next week. S p 500 futures down two. Dow up 1. 24. Nasdaq futures down less than one point. We are seeing the yields tick higher. Not massive moves in the bond market, but certainly that ticking of higher yields into the fed meeting, where the fed is expected to raise Interest Rates next week. Well see what the jobs report shows on friday. 2. 53 is the yield on the tenyear. Ticking higher. Kept the dollar supported but also only ticking higher because moves in yields have not been luge. China posted a trade deficit of 60 billion yuan, the first in dollar terms since 2014. Exports rose 4. 2 in febr