Market when oil prices are moving lower hello and at the time that was often said, listen this is the wrong interpretation. Today we have Higher Oil Prices and a lower stock market. Well take a closer look at what was a formerly red hot group that has recently gone in the tank. Were talking about the utilities. Those supposedly safe stocks just about in bear market territory now, and if you watch this show and you read cnbc. Com you knew that the fall the decline, was coming. Well show you why and see if theres stocks are going to bounce back or just keep heading lower. This is key to watch for the entire rates discussion hovering over this market. Were also joined today by Robert Johnson, founder of the black Entertainment Network and the nations first africanamerican billaire. The hit tv show empire has a story line that seems to closely track real life events for johnson. Well ask him about that, plus his take on Net Neutrality and the income inequality debate. Plus a historic case
Experience i believe under the desirable qualifications on page 9 a request for a performance data so we can evaluate how they did through 2008 and 9. 8 years. And actually, i wrote it on page 9 but it goes over to page 8 new minimum qualifications minimum of 5 customer accounts for the hedge fund fund to fund manager as well as the consultant minimum of 5 custom a little and 2 billion invest in accounts and minimum of 3 plan clients i believe on page it is right after 17 the appendix a1 to be alexander a question on even though were not required to follow arise are they willing to ply with arise. That was a1. Immediately following 17 your page 18. Yes. I believe those were the changes. Their might be one more as a1 number 6. Question no. Of warrant it will be corrected. Thats all my notes and then the understanding of the composition of the evaluation selection. Thats the motion thats been second now one to speak for the motion. Just a thank you for clarifying a everything the one on
It was forecasted to say the same as februarys read but instead we have a read of 101. 3. This is a little bit of a change given the latest chicago pmi number we got 15 minutes ago that it was a disappointing read in which manufacturing did not expand. They contracted once again. Last week, the university of michigan conference Confidence Index came in higher than anticipated. You wonder whether the slumping Consumer Spending is temporary or if it is indicative of just deeper problems for u. S. Households. This number would seem to suggest it is temporary. What consumers say and how they describe their feelings is different from what they actually do when it comes down to it. Olivia thank you scarlet fu. Matt i want to give you the bulletin top business stories of the morning. Home prices are rising faster than expected according to one. Of the index of Property Values in 20 cities rose 4. 6 in the year that ended in january. The report warns that home prices are going up twice as fast
Closing at 4,218. This as investors fear further crackdown from regulators who are tighten irthing grip on beijings soaring markets. It was very toll avial and the emphasis of course was on the Greater China markets. Yes, we saw that action by the authorities in beijing over the weekend with a rrr and they cut it more aggressively than most in the market did expect. 100 basis points and the aim here is to encourage credit growth, to encourage bampings to to get liquidity going. Initially we did see a positive reaction. We saw china stocks up by 1 . They did reverse course and as you pointed out, down by 1. 6 at the close. Lets net forget as well that the authorities in beijing, the securities regulators are trying to take the steam out of the market rally. They clamped down on margin financing. Lets not forget this very staggering statistic, we have now surpassed the 1 trillion yuan mark. It could be a brutal one if it is corrected. That is probably the overriding factor here. That is
One school of thought, that is when the biggest trades were happening. The other uncertainty on a debt deal, questions about Central Banks and whether they did a coordinated thing but no information on that but there is talk of the. We will talk with nymex traders we will get to the bottom of it in a moment. There was an avalanche of selling in the entire metals complex. Take a look at silver getting taken to the woodshed, down 3 giving gold nothing compared to the casino mentality in silver and platinum under pressure off by 2 but copper if we flip it over, copper bucking the down trend, it was up a few cents earlier, this is very much related to a healthy auto industry. Copper gets its ph. D. In economics and if the economy is moving one way or another like china you might see copper moving lower but for the moment it needs to be that one area that sees a little strength. In terms of the Broader Market lets look at stocks would fall as a classes covered for you. It is a mixed bag. Yo