This kind of feels like the mentality that has been behind a lot of the ball moves in the market in the last year or so. Thats bull moves. Economic numbers this morning were not great by any means, but also not terrible. Lets you are convinced things will get worse from here, perhaps you want to be a buyer. The dow jones also up 1 . It is up 100 basis points almost. 1 . Aq and s p 500 above you are also looking at moves and a few of these sectors now participating that one of them is the Health Care Group has done pretty well. You also look at infotech which has done great today. That is being helped by apple, some of the big tech names. If you look at what is happening with casinos come a pretty big move. Wynn resorts in the positive. That is helping that sector. Wynn is doing pretty well, up 14 since the start of the week. This has been a referendum on where they started last quarter. The Casino Companies in the u. S. Do have operations outside of china. Wellhave been doing compared
Julie hyman has the latest on pending home sales. Down, actually. Of january,he month yes, down 2. 5 month over month. Yearoveryear we have a decline of 9 10 of 1 . Of ans a little bit offset there, but we are seeing a decline of 2. 5 as the biggest drop in two years. This does represent a setback in Residential Real Estate going into the spring selling season, which is a very important one for home builders. This is something we will continue to watch, taking a lateron homebuilders today as well. We have a mixed picture over in china. We saw chinese stocks fall here in the u. S. , with a mixed picture, the nasdaq rarely holding on to gains as the s p and dow are lower. For a bit of a deeper dive into the mixed picture, take a look at the map of the various sectors on the move. Materials, utilities, discretionary. The biggest drag today is financials and healthcare shares. On that front, lets point out some movers. Valeant is down. Not on the s p 500, but they are taking a hit. Back as
All three major averages down with the nasdaq leading, now down by mother 1 . It all has to do with concern over global growth. And to rotation of the fed minutes. The upside is that maybe with dovish representation of the fed minutes. The averages are now may be giving up their gains or getting closer to it. The yen has really been the big market story of the day. It continues to push higher to its level since october 2014 versus the u. S. Dollar. 1. 0 108. We have to look at options trading on the end. We have the highest level of in optionsf volume that we have seen since february. This is something that definitely has picked up. We have also seen a lot of folks who has been saying that the yen rally will not last. They have been giving up on that view as they have been forced into it. Alix this is the third day the s p has swung 1 . Weve havent we havent seen that since february. And gold is a beneficiary of that. Julie indeed. We have seen gold do well with once again. In terms of
How will the plunging Oil Price Effect statoils earnings . Plus the first interview of the day with the chief executive. Social climbers. Twitter and linked in shares soar after beating estimates. Welcome to countdown, i am mark arden. Barton. I am manus cranny. The u. S. Nonfarm payroll figures. We infer those. In the meantime, lets give you the numbers for stat oil. They are breaking across the terminal. He will be made with me a little later. Net income for the fourth quarter. Comes in at 9 billion kroner. The key is the dividend will be flat for the first three quarters of the year. The dividend remains for the first three quarters, no change. Capital expenditure, the other key issue. The trend is the same at statoil. A Capital Expenditure program reduced. 218 billion this year. The Cost Reduction program they will lift. To 1. 7 billion. Lift that to 1. 7 billion. They will provide total cash improvements of around 5 billion. The dividend remains intact for the next three quarters.
Welcome to countdown. Coming up we will bring you an exclusive interview with the ceo and chief creative officer, christopher bailey. He spoke to bloomberg during fashion week on friends, tech, and and what it means to be a British Heritage brand. The eurogroup on the draft proposal, a form submitted yesterday. If it is approved, greece will secure use well the draft must first be accepted by the imf, ecb, and European Commission before being verbally recognized. Formally recognized. Then we put to National Parliament for formal consent. But will address to get that far . We are going to head to athens with Erik Schatzker and hans nichols. Erik lets kick it up with you. You have been on the ground since sunday where are we in terms of the details . Manus we are no further along than we were yesterday. Another day, another deadline. The only difference is that we know there was some communication between the greek government and the socalled troika. At least one set of draft proposals w