Jonathan no time to enjoy that in the markets this morning because it is deep red across equity markets. Equity markets down in europe. 1. 36 on the ftse 100 with a miners leading losses. S p 500 futures negative. Switch of the board to japan. Dollaryen, down by. 9 . Three years and a day since the kuroda experiment began. Yields in germany. You have to go to two decimal places just to get one. To thesis points days where yields were around five basis points. Wti down to 35. 64. What is happening in the markets. Stephanie i want to give you a quick headline crossing twitter. Really getting big and the content game, far fiat beyond 140 characters. They will be streaming thursday night games. Is this the kind of business that yahoo wanted to be in . David facebook was in discussions with this and they decided not to do it. Stephanie yahoo wanted to be in this and but for is a meyer is using a different strategy, needs to up their game, and they are trying to do it on the field thursday n
Switch up the board. Japanese stocks higher, dollaryen higher for the seventh straight day. A stronger dollar, the theme across the fx market with the euro weaker once again weaker, marginally. Back to the low, 40 bucks a barrel. Vonnie it is one of the reasons why the dollar has been strengthening. Jon last week i got excited because the rate count we start rolling over and crude went with it. Here is your first word news. Syrian forces have scored an important victory over islamic state, taking over the ancient city of palmyra. Stateshows islamic destroyed many of palmyras statures and monuments. In pakistan, an offshoot of the isiban says it responsible for a deadly bombing, that killed 72 people and wounded more than 300. Many were christians celebrating easter. It is the worst attack in pakistan since the massacre in 2014. Bernie sanders wants to debate Hillary Clinton on her own turf. Sanders is calling for a debate in new york before the state holds a crucial primary april 19. H
We need to get a snapshot of todays action with julie hyman. Julie we havent had big pullbacks recently. There has not been that Much Movement either way in u. S. Averages. The fact that we are seeing a pullback that is good getting there are these concerns about growth. The strategist over at Goldman Sachs says today that the recovery we have seen in the United States in the stock market is likely to falter before gets a second wind. There arere was two big issues. A slowdown in the buyback activity. He thinks the other reason is going to be the drop in profits for the s p 500. Take a look at the bloomberg. We are seeing the s p 500 strategists are still pessimistic. The median forecast is 2150. And im going to send it back to you. Belowthe dollar falling ¥110 for the First Time Since october of 2014. That means the yen is at its strongest level in a year and a half. It just illustrates the risk off trade we have been seeing. Negative Interest Rate policy continues to give jim at jap
Sales are a much smaller part of the market than existing home sales. Look at the stock market, we continue to see declines for the major averages. Steady withlatively those declines. You got the doubt leading the drop you got the dow leading the drop. Theave been watching evolving situation of oil and its interplay with stocks. On bloomberg look here, you have Consumer Staples as the least worst group today, but energy is the worst performer, down by nearly 1 . Industrials also following suit. One of the large Oil Companies, if you look at how they are trading, exxon, mobile, we will hear from more of these companies in the next couple of weeks. Halliburtons trading higher. That Company Coming out with preliminary numbers late on friday. Company is booking reportyed its earnings to may 3 from april 26 because the deadline is by the end of the month. Analysts are saying that that deal is not going to go through. Getting to oil prices themselves, we had an unusual trade this morning. Oi
Technology is lagging today. Weve got informationtechnology down about. 6 , paring its earlier decline, but still the biggest drag on the s p 500 as it is the heaviest weighted group. Consumer discretionary also lagging. Energy shares up 1. 7 percent and financials being led higher after those Goldman Sachs earnings. Alumina is a health care stock, but the company does make genetic sequencing machines, down 24 after preliminary earnings that missed estimates. Netflix down after its forecast for International Subscriber missed estimates. We have amazon and google also lagging today, perhaps because of their exposure to video as well. Announce that standalone Video Service and google the owner of youtube. Facebook with a price target related to facebook messenger, those shares up by 1. 4 today. Overall, the clients and technology today. Lisa talk about up and down energy. Wasnt it leading the gains earlier today . Julie because oil is getting a lift today. Up better than 3 , above 41 a b