Care so far in the quarter. They are experiencing a modest pullback. If you are looking at the leadership so far, there it is, and the energy, and the financials, and the materials and health care, and the s p is largely flat, and they are pulling back on the stocks that have made the most money, and this is a garden variety pullback, and this is 2100, and that is what you have to keep in mind here, and at the end of april 2100, and 51 point, and this is a 2 pullback, and this is nothing terribly noticeable, and i would note that the weak dollar is not helping the commodities, and the weak china manufacturing numbers are putting the pressure on commodities, and that is the bigger story, and looking at brazil, and south africa down big, and exploration of the production down on the weak oil numbers that we have been seeing in the last couple of numbers and oil is on the downside. So it is the commodity play and the weaker china more of the big story here. And also, iron ore gyrating all
Temperatures. Still plenty of 50s. Mostly cloudy morning and partly sunny afternoon. Our next system is moving in the picture. It will arrive Late Wednesday into thursday. Today most cloudy. A few high clouds. Overall today should be better than yesterday. Which was a tough one to get any sun. Lots of clouds. Some sun mild. If you can get the sun to peek out you might get 70. 4 01 on a tuesday. You had a busy monday. Lets hope things are quieter. Lets hope. I didnt understand all the happiness for tuesday. Claudine is always very happy. Better than the alternative. I guess so. We are happy she is here. Good morning everybody. Lets go out and take a look at the commute now. We have a lot to be happy for. There is not a lot of traffic here at the bay bridge toll plaza. It is looking good into San Francisco. 880 northbound and southbound the traffic is moving well on 880. The tube out of almeida is shutdown. There is a detour. You have to go down to one of the bridges out of almeida. 880
The rest are on the way up. Galaxy hong kong, leading the gains in there. Every single sector is on the way up ahead of the rba rate decision, which should be out in about an hour and a half. Not a lot, but it is still ticking upward. New zealand, about 6000. Record high. The records kept back in 2001, 4 10 of 1 . Of course, jakarta getting underway. Eric quickly, lets have a look. Up,u. S. On the way malaysia. The yields are on the way up. And it is a bit curious. You look at what is happening in the equity market. The aussie dollar is on the way up. Chance that the rba cuts, so very complex. In any case, yields are on the way up. Markets, we will get some movement when the rba does decide and comes out with that decision. Very quickly, one stock i went to mention here. It is a Coal Mining Company based out of session one, china. It had already had a warning. Essentially, what it is, they are negotiating, to restructure 182 million u. S. Dollars, and that note, i believe, is due tomor
Sows. The dow is indicated to open lower by 187 points. S p futures down by 24 and nasdaq down by 61. Chinese president has arrived in the United States. Hes going to begin in seattle to meet Business Leaders including tim cook, bill gates and bob iger. And then to washington with an official state visit. He is defending the leadership of the chinese economy. He promises that slowing growth and market swings wont stop needed reforms. Meanwhile, he is calling on china to keep its economic commitments. He says beijing should set its sights on policies that will further its reform agenda such as targeted agenda and they should be subject to upward pressure that would drive the currency up and not just down. Well see what he says out in seattle to the ceos and what theyre looking for and then of course what the president says to him when he arrives in washington. Theyre not, the pope and the chinese guy everybody hanging since theyre in the same place. A little cocktail party. Pope does lo
We begin with breaking news. The first Public Comments from the newest member of the federal reserve. The dallas president Robert Kaplan revealing for the very first time some clues on where he stands on Interest Rates. Steve liesman following it all from d. C. Steve, what do you have . Scott, thanks very much. We are getting the first comments from the former harvard professor and Goldman Sachs banker turned dallas fed president , and the question we have going in is how much like the hawkish Richard Fisher is he who just left the dallas fetd presidency, and he is showing himself not to be too much like him. He says the fomc was prudent not to hike in the last two meetings. We went back and looked, and Richard Fisher several times last year had called for rate hikes, including when he had left office on the eve of the september meeting calling for rate hikes hen. Kaplan saying it was prudent for the fed not to hike. He goes on to say appropriate Monetary Policy will remain accommodati