Also announcing a Share Buyback worth 300 million. Always lots of airlines pu ns. , in theof up and down bond market, this chart 6473, a constant worry for Market Participants when they look at the highyield corporate debt markets represented by the white line. We have seen a declined in the highyield Corporate Bond etfs. That has some worried whether this decline will spillover into equity markets. That does not seem to be the case when you look at the gap between highyield debt and 10 year treasuries. Range, has stayed within represented by the blue line, and that is reassurance or market watchers, seeing the highyield behaving like what we are seeing in treasuries, so not likely to be a catalyst if there was more market turmoil. We dont see contagion when it comes to the credit space. The price action after the fed minutes, we got more clarity, but towards the late part of the session, yields picking up on the 10 year, stocks tumbled, the dollar reversing come so it seems like there
Hey, scott. Thanks for having me. We keep moving away from this bottom why are we going to have a shock drop once again, as you put it well, its a great question so most of these indicators are absolutely useless over time the ones that actually work are the ones most correlated by extremes in human nature in other words, you get a human nature extreme and inflect so what happened this time, and we measure like a shock drop is looking at a tenweek rate of change on the vix. And when it gets over 125, which it did, we looked at times in the past where that kind of quote, unquote, shock happens. And you typically get a 5 rally off of that shock low. So weve had just about a 5 rally off that low and then you go down and retest and typically break that point so i think, you know, what were calling for i get it. Guys are jumping on the retest bandwagon. But its typically what happens when you get a shock. Well, we already kind of had a retest and weve also moved far more than 5 off of what
Tate andtsot al check thi o a, usasaa we won the world cup and a superstar her name is carli lloyd. And first thing weve got to do, guys lets check the big board. 158 points at one point last night. Almost 300 points its going to be a treacherous start to the market. Weve got it covered for you. And remember oil trading in a range 58 to 60 gone. And not just greece but maybe china as well and were about a flight to safety. First, lets check on cold. Not up that much. Its not the doomsday scenario that we thought it would be at least not so far. Theres a flight to safety. Take a look at the 10year yield when the world goes to hell in a hand basket yielding 2. 3 . Lets go to the man himself. Doing amazing work out of athens. Ashley webster. Ashley thank you very much charles. You can be my agency by the way. Listen, listen. [laughter] what happens now. Now to the excitement of the no vote has died down and the reality is will the eu be able to find some sort of Common Ground with greece
Airlines are raking in money for the ancillary fees. Details on which carriers are bringing in the most cash and where that money is going. It doesnt grate me that tch much. Charge us airfare and leave the fees behind. One price for everything. I dont know. A la carte is nonsense. Hundreds of stocks experiencing a selfcorrection. Some reporting earnings this week as earnings season gets into full swing. What you guys are paying in california, i dont envy you that. Lets get to the story on greece. Bailout, deal and reaction from germany which is very important. Our chief international correspondent, we are going to refer to her as the Athens Bureau chief michelle carusocabrera. Steve liesman moved to berlin. Michelle, happy monday. Its an unwanted title. Its not a done deal yet. Alexis tsipras back in athens today has to rally the parliament, bring them together and get them to pass a key number of reforms when it comes to pensions which will raise the contributions that the people in g
The bailout vote looms. Meanwhile opposition from European Finance ministers. The wall street journal reports the unit group is readying a 23 billion bid for what could be the biggest chinese takeover of a us. Firm. Youre looking at live pictures of brussels where European Finance ministers are aiving ahead of a meeting to discuss the latest bridge financing agreement for greece. U. K. Chancellor George Osborne has just arrived and gone straight in. Its a follow up meeting made by eu leaders. Lets get back to our top story. The price of oil is moving lower against expectations that the six world powers and iran are due to announce they finally reached a nuclear deal. In around 30 minutes time that will be followed by a press conference and well bring you that live when it happens, of course. Brent crude off by 1. 7 . 56. 86. Wti up by almost 2 . Lets have a look at the rouble. That sold off this morning as well. The Dollar Strengthening by. 8 against the ruble off the back of the news.