The service portion of the on the with the release supply management. All three major averages turning lower today. At the imap. We have the industrials in bottom place today. Industrials, material discretionary. Counterbalanced to some degree by gains in health care shares. We are also watching treasuries today because we talk a lot about the volatility drop off we have seen within the stock market. Its happening some to some degree in the treasury market. 1. 78 in the tenure today. We see a convergence of centralbank policy around the globe so the move index that tracks volatility within treasuries, we have seen that fall as well. Those two things happening. Also wanted point out the movement in the u. S. Dollar. The euro is up versus the dollar for the sixth session in a row. You can see the gains it again today even though they are relatively modest. The dollar is down. What about for Commodity Prices . Julie its not helping commodities either. Todayices are lower because of the sa
Fedticipation. Looking ahead to tomorrow and what people can expect. Valeant shares are down big this morning after disappointing results. And its mega tuesday with five major primaries taking place across the country. Well go live to one of the most important states hitting the polls today. First up, retail sales down 0. 1 last month, in line with expectations, january sales revised downward from 0. 2 to 0. 4 down. Producer price is down 0. 2 in february. Unchanged if you strip out food and energy. The data coming as fed policymakers are set to begin their twoday meeting today with the latest policy Statement Due tomorrow afternoon. That will be followed by Janet Yellens news conference. A big question is whether or not their statement reflects some firming of inflation. Ppi today relatively stable. I think things are tame. Obviously James Bullard was talking about oil going to 20, how he might have to revise his view. It went to 40 and has come back. The thing thats devastating is th
Japan, marginally lower, korea marginally higher. Overall trading, youll see right now looks like things are looking up across the board. Dax and cac up by 1 . Take a look at the price of crude oil. Last week, crude oil was down by 2. 50. This morning, around 36. 76. Andrew. Weve got a cub ouple of bi news stories. Alaska air officially going to buy virgin and they beat out jetblue. Well talk more about this transaction throughout the rest of the show. Its a big price war. Its a loss for jetblue. Questions about the brand which well get to. Whether alaska air whether it works if you will with virgin. Also, questions about alaska air, people thought alaska air was a takeover target by delta. Does this make them more likely to get bought out or less. Nonetheless, well talk about those issues. Its a 57 a share deal. In the meantime, things keep getting worse for bill ackman. The billionaire investor, Pershing Square lost 7 last month. And continuing to tumble after cutting its financial f
Teslas model 3 orders topped 10 billion in the first 36 hours. And that data leak of more than 11 million documents making its way around the globe. Why the Panama Papers have more than a few World Leaders under the microscope. Futures inching higher. Oil prices hitting some onemonth lows. Investors are waiting comments from fed president kashkari, and robert cap lylin. Talking about q1 earnings, whether the bar has been lowered enough where they have a nice p e going. Theres so many downgrades today, its daunting. These stocks have moved too much ahead of earnings. I think its true if the dollar starts getting strong again. Right now we see a lot of xraens where the numbers are too low. Im not buying into its over. I will buy into the idea that the fed governors will send the market down and buy. We heard from janet yellen. They said nothing will happen yet. That was the most sal yent thing that could probably occur. She said if the company is doing good, buy them. So companies that y
Crude continues to fall. Some americans can watch for 2. 50 a gallon gas. Can halliburton defend its oil business . Retail sales better than expected. Nordstrom earnings beat. A number of downgrades to contend with this morning. A Richard Bransonbacked ipo at the nasdaq, Virgin America. Well have the first trade and interview with the ceo coming up. Oil the big story, below 74. Baker hughes confirming it is in preliminary merger talks with halliburton. The journal story said motivations behind the talks were unclear. I think we know what these boards are thinking. Justice department is very good when it comes to business to consumer. Theyll block a telco deal. Justice department has been tone deaf when it comes to the oil patch. They allowed Enterprise Partners to become a gigantic, basically own the natural gas liquids market. This would be farce if they let this deal through. The way you get halliburton to give you good prices to pit it against baker hughes. If at t were to merge wit