Vacant remedial hacks on your Corporate News shows make sure to avoid reporting on the growing worker movements you know the jake tappers anderson coopers blender symbol its yours and understand coopers and that one woman too but dont go too hard on these hacks. For they not know not what they do they have so much plastic pumped into their cheekbones that it causes their brains to congeal into a new good substance which mixes well with Peanut Butter all of this recipe so even though they wont report on it according to payday report dot com which tracks strikes across the country so far weve identified over 175 wildcat strikes that happened just since the beginning of march thats right Los Angeles Mcdonalds employees San Francisco costco workers tracy california amazon employees pittsburgh sanitation workers thats right pittsburgh once had sanitation workers in 50 restaurants across florida chicago arbys employees dallas postal workers carlsbad nurses san diego transit workers crack dea
Campus. And this issue could be popping up at other wellknown colleges all over the country as well, kelly. Well talk about how they and maybe the employers as well should be navigating it. Lets take a look at the markets. The dow down almost 300 points going on a 1 move. Same for the s p. The nasdaq as well, all 11 sectors in the red today. Energy and tech were helping us in the green, but theyve given that up. A lot of this coming after the poor 30year bond auction top of the hour today. We had similar after the poor 10year bond auction yesterday. Yields continue to climb. That tells you where the market worry is at the moment. Were watching shares of birkenstock, continuing to drop, which priced at 46, opened at 41, and is going to break below 38 a share. Well have more on recent ipos struggling. Mizuho cutting the stock to underperform with a 5 price target. The stock is 8 now but was a 230 stock. Hotter than expected inflation read out this morning. Could this change the feds plan
The oil markets. First, stocks kicking off the first trading day of the new year on a high note. And if the january effect plays out, todays gains could be a positive sign for 2018 bob pisani here with the story bob . Reporter yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. Lot of interest in that. We see Retail Stocks doing better we see energy doing better heres something curious, the banks are not participating in the rally. I find that interesting given that the ten years been moving up utilities have have been a loser for a long time. Thats no surprise here. Look at some of the big banks. Come over here citigroup here down 0. 4 on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. We asked our friends to take a look at the last five or six years in january it tends to be a down month. Nasdaq and the s p and the dow industrials all to the down
Moneygram by alibaba in the buyingest deal to be stopped by Trumps Administration. And north korea is the first to dial in after the border hotline with south korea is reopened the day is here. After some seven years in the making, mifid ii regulations came into effect today the sweeping legislation will touch every part of the Financial Services system and is meant to make the eu more transparent and competitive. Now, the sprawling rules will radically change how assets are traded and how money is managed with investors focused on changes to Investment Research under the new model, banks will have to charge separately for research and Broker Services so someone will be on the hook for picking up the cost. According to the Cfa Institute survey, 53 of respondents expect their firm to absorb the expense. 15 expect clients to pay. 12 expect an equal balance. 21 are to the sure. You can see that behind me in terms of how Asset Managers are thinking about covering the cost of research. The
Have we mentioned that . It is quite cold. That number is perhaps the largest surprise here within these numbers. In terms of initial reaction in crude oil price, a little bit of a leg lower. 25 goingup about into this. It quickly pared that gained by about half, now bouncing around within that range. Im looking at the bloomberg. You see one tick down to unchanged but now bouncing around as traders try to figure out what to make of this. That big drop on the headline number, 7. 4 million barrels. A build in both gasoline and distillates. Vonnie nuc refinery utilization and and you see that refinery utilization was up, as well. Lets get reaction from alix steel. Alix, a little bit of a surprise here. Alix yeah, that distillate number is really confusing. I wonder if that means we imported some distillates somewhere and that is why we see a build. On the surface, we should have had a big drop. Imports were down, so that will help crude storage. Crude storage will be lower because of that