They were looking for a 9 rise. Imports fell 12. 7 . Estimates were for 8iron percent for a 10 fall. That is most likely due to falling Commodity Prices driving down the value of imports. That brings the march trade surplus to just over 3 billion. Given that 60 billion dollars surplus in february, economists were looking for about 60 billion. Economists say the march drop is due to that timing of the Chinese New Year. They say the International Market demand is weak. Export orders are falling and all the late and only the u. S. Market is doing well right now. This shows underlying weakness in the manufacturing sector. The overcapacity, there is a lot of hide labor cost, high financing cost. Customs officials said exporters are losing orders and all these higher costs are hurting trade. We of course see weakness in the eurozone and japan hurting trade. Pmi has been weak [no audio] rishaad clearly weve got a technical gremlin in the works. Lets get back to the markets. Heres zeb. Zeb the
Down. Musk wants to commercialize space flight and hopes reusable rockets will reduce costs. Well get you up to speed on the markets in terms of the futures. Of course things will change in a big way but the dow looks higher and its surprising because well explain why in a moment. 48 points higher now. Nasdaq up 48 points and s p 500 up over 5 points. Its official. This mornings big corporate buzz story, the eu is just now announcing the antitrust moves expected against google. These are just crossing the wires at this point. European regulators are likely to accuse the company. They could face massive fines of 6 billion. Something like 10 of its worldwide sales are liable to be fined doing this and theyll be forced to change the Business Model. The eu has been looking at google for about five years now. Whats interest as good the company only gets about 10 weeks to respond. Its a different rule of law over there. Lets tell you about other big stories were watching this morning. New nu
Kudlow style. First up tonight, stocks look very optimistic today. The dow gained 208 points. The s p 500 surged by 20 points. Lets go to liz saunders and brian, the cofounder of shelter capital. Welcome back. I want to quote you from my pal and your pal who said on the air this morning on cnbc that if we get a resolution of if we extend tax rates, jeremy said the dow can hit 17,000 next year. 17,000 next year. Liz ann, i ask you what do you make of that. Im wearing the. The i do think that the market would react. A true sign that we would have a compromise here. What do you think about 17,000 . You and i havent talked in a while. Is such a thing possible . Yes. Dont ask me for a time frame but i think its certainly possible. I think when you think about how this rally has been for three and a half years and many of the participa participants have been sitting on the sidelines. It is, in my mind, easy to envision in light for evaluation. But i think we have got some short term things t
Reference. 5000 way back when. Absolutely a day of round numbers, impressive ones at that. Vanessa nasdaq at the level of 4000 like we did earlier since the year 2000. It is somewhat a monumental day. New highs for the dow and the s p 500 above the 1800 mark so new highs as we continue to watch the market gaining that momentum and they will not quit. Other names on the move, lets take a look at sears. A great performer on the s p 500. Stocks hitting a new high. Rewarding loyal customers but they came under some Sales Numbers that were disappointed. The ceo says he is not as close to closing stores. Back to you. Connell nicole, thank you very much. The other story is United States and iran reaching a deal to freeze the Nuclear Program for six months, but the fallout has farreaching impacts among political and economic. Oil prices falling today, something we are watching but the political impact is much more complicated as you have lawmakers on both sides who are skeptical of this deal t
Judys new government is only two months old and it already has lost a top cabinet member on friday interior minister hospital friedrich resigned as questions malveaux for his role in the investigation of a Parliament Member suspected of possessing time for troublemakers here in germany once new wife read rick passed on information about the criminal investigation to other members of the cabinet we begin with this report a hastily called news conference. The culmination of a tense twenty four alice hunt speeds of the disease he insists he did nothing wrong. He cannot afford it look so ago my opinion is the same as always was. Acted correctly politically and legally. When i informed the needs of the spd oct lisa also simple. But the pressure has grown so much in the last few hours to go see all that i no longer think i can do the job in the agriculture ministry. My concentration. Wish me a comment tool and Political Support to know when were all going to put additional note that only the