Julie bouncing around in a tight range. The jobs report is tomorrow. There was some disappointing Economic Data today on the services portion of the u. S. Economy. The s p and dow are now higher, but really just barely, as the nasdaq still languishes in the red. Thes p, over the course of day, to show you the bouncing around were talking about, here we have it, but a very tight range. This chart looks like it is showing more movement than it is showing because it has been in such a small range. In terms of what we typically see on the day before jobs report, it has kind of been all over the map on the thursday prior. If you look at february before the january report, with all very small gains. But the prior two month, with a larger gains, declines, in fact. This report can certainly give more direction to the market. If you look at the averages year to date now, and here is the tally from the three majors, the s p and dow still down a little less than 3 after this big downs of the bott
Really waiting for tomorrow and the ecbs latest decision. In the meantime, the dow little changed, just up 1 10 of 1 . Energy and technology are the two groups leading gains, as you will see from the bloomberg. In telecoms. A little change in Consumer Discretionary. Energy amtech are the two groups that have consistently been doing energy and tech are the two groups that have consistently been doing well today. Financials thats a group weve been talking a lot about, this seven Year Anniversary of the bull market. Its worth mentioning what has happened to the financials, not just during the bull market, but even before the bull market. Take a look at this chart that compares the financials performance with the broader s p 500 going all the way back to 2007. We have seen the s p 500 make new records. That happened last year. The financials have had trouble sort of getting there. They have lagged. They have helped lead during this bull market, if you date it to below 2009. But if you go b
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
European headquarters. I am Francine Lacqua good we are expecting breaking news. Lets go straight to the markets. We are seeing interesting moves. Gaining crude 600 oil. I want to show you aussie dollar. Ood with fx experts we have to quiz him with commodities. I want to show you gold just because it is something that we have not seen for a while at 1242. Well get back to that as soon as it breaks. Lets get to the bloomberg first word news with nejra cehic. Brazilsnejra president faces impeachment. Lower house of congress voted in favor of putting her on trial in the senate. She maintains she has done nothing wrong. After the legal people approve it, the president signed it. Before i sign any act all of this weightperts with the full knowledge of the acts i have signed, i had a clean conscience that i did not do anything illegal. Even worse is the fact i am sure they know it. They all know this. Nejra china wants to get control of the most popular fast food chain in the country. Backed
Third row until it is repaired. Here is the concern, voiced by the president of teslas sales and Service Division about what could happen in an accident if someone is sitting in that third row of the model x. It is actually with the leverage of weight in the seat pulling it forward. So this would be an example of a front crash, where the weight of the passenger seat belted to that seat could cause that latch to fail. The third row for the model x, they are being replaced. And it will take about two hours for the repairs to happen. By the way, the 2700 vehicles almost all of them are here in the United States. There are very few delivered outside of the United States. Tesla says the repairs will be done over the next five weeks with a new seatback put in place to replace not only the hinge, but also the seatback. The recall will not impact model x production, which tesla is in the course of ramping up and one other note, tesla says this recall will not impact its financial results. So,