168 points to the down side. At the lows we were down about 185, 186 points. So were off the worst levels of the session so far. But an interesting carry through from yesterdays trade when it was all about the fed minutes and the idea. The possibility of a june rate hike from the Federal Reserve and that really drove markets kind of a little bit more towards the volatile side. Today, most is to the down side in terms of moves. You can see theyre off by 1 for the s p 500. Utilities and staples have taken up the lead if can you call it. That up about a quarter to a third of a percent. Theyre showing signs of life here in this particular down day. The financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterdays trade. On the idea that Interest Rates could rise on the longer end and the shorter end and maybe expand the yield curve and give them a profit margin. The net interest margins, youll hear traders talking about financ
Have looking for. Even as we do have lower trading volumes. This is the lowest volume of the year. If you look around asset we have conflicting testimony from janet yellen herself. Some other fed speakers more recently with a little bit more of a hawkish stance emphasizing the april could be on the table for a cut. The market is not buying it. We have rates lower. The two year yield is at 0. 8 4 . , theu look at currencies rates are going to go higher. The dollar is a little bit lower versus the yen. Were not seen a huge amount of change. The bias is to the downside. We are looking at interestrate futures on the bloomberg. The probability of a hike being priced in is 6 . It rises from there. We are definitely not seen a very aggressive pricing into the market. Oil has been moving sharply lower today. Tonight we are going to get the industry report. Tomorrow, the government report. Gold futures are gaining a little bit. From into the comments janet yellen. Alix thanks a much. Lets get f
More leo and philosophically flexible. Give me your prediction who wins the nomination . Thats a good question. I will go with rubio. Is a gutsy call. And donald the odds i dont think they are great to but i will go with rubio in its bid next is still less the economy economy, equally, education and for all issues. Thanks to all silicide teachers who competed in congratulations to all lenders. Every weekday and april 1 of the top winning entries will be featured. All are available for viewing online. And i want to talk about the book primary politics everything you need to know about how america nominates its president ial candidates every four years those who voted before in the primaries scratched their head at some point to say where did this crazy system come from . This book is an attempt to answer that question. And every once in awhile this system breaks down with an oldfashioned contested primary. Let me read you the beginning of the book. Senator clinton walked into the small
We start with the equity markets which is moving higher as the fed meets to decide whether or not to begin raising rates. Lets look at the numbers with the dow, the nasdaq and the s p. The nasdaq and the s p are now tracking for their second consecutive week of gains. Something that neither has done in nearly three months. But, ty, the real action here is in the oil market this hour with oil soaring. Wti crude up by 5. 3 . It could still be the biggest daily gain since august 31st when wti jumped nearly 9 . Brent crude, and weve been talking about the spread there narrowing, havent we, ty . But its up by 4 as well. Jack Jackie Deangelis is joining us from the nymex. Lots of people bringing lots of reasons to the table as to why we took off. You tell us what youre hearing. I have three main reasons that were moving higher, a spike like this today, 5. 5 . The first is that bullish eia report. A drawdown in inventories. Cushing down nearly 2 Million Barrels. Refinery runs are going up, an
Hell try to encourage his allies to continue to pressure the white house and scuffer the deal. While that might be tricky mr. Netanyahu will no doubt continue the rhetoric weve heard from him for quite some time. Mr. Netanyahu has been criticized any kind of deal with iran or at least warning the world as he sees it the threat of iran for years now. Hes made two speeches to the u. S. Congress most recently a month ago he has spoken for the u. N. General assembly. All of those speeches were about the threat to iran. Now here we are with the framework agreement, and mr. Netanyahu saying very much the same. This deal not only threatens in his words the middle east or world, but it threatens the very existence of israel. He most certainly will carry on with the rhetoric and most certainly continue to criticize this deal. Its, of course, very clear that not only mr. Netanyahu is unhappy with this deal so too is his security cabinet as well. And as he alluded to israeli objections may not be