In the next three to six months from opecs new secretarygeneral to the potential for more supply disruptions. We will look into the major Market Drivers for crude. In two hours. G stocks are down. Reversing those gains we saw the last couple of days. My right now, we are paring most losses that we saw out of the payroll jobs number that we saw earlier this morning. Lets take a look at the snapshot of where we stand. The nasdaq is down the most,. 7 . The dow,. 3 there. The s p intraday, we can see right out of the gate after the payrolls came out way worse than expected, we saw the big drop in big drops plunge and this plunge at 10 00. We are paring some of that and off the session lows, but still down about. 4 . I want to show you whats been happening in terms of the sectors for the s p in terms of volume. The falls weve been seeing throughout the day have been coming mostly from this blue bar chart. This is the financial sector. 65 in terms of the volume against the 20 day average acc
Futures little bit negative here in the u. S. On over in europe, 1. 3 . Y stocks 600, down almost 8 last quarter, switch on the board. Global market being reduced to what feels like one big fat trade. Stronger euro. Score card and treasuries ahead payrolls. Yields pushing higher by two bases point. Crude prices down by 2. 43 . The bottom one, bought to you by saudi arabia. Love these little. Ponsorship we will start getting money. Justt to point blackberry cents a, loss of three share. Lets get a check of the headlines. Starting with saudi arabia is getting ready for the twilight oil age by creating the sovereign fund. Themmed bin salman said fund will control more than 2 million. Asset will be shared. At the Nuclear Summit in the focus will be on islamic state. President obama will try to efforts from again oh keep getting nuclearettin facilities. And new york are with the first states with the 15 minimum wage. Approved in california the higher wage to take effect 2022. L by governor
His exclusive details of his 100to raise an additional billion a year to balance the budget and offset those declining oil prices. Lets head straight to the market desk where julie hyman has some of the breaking economic numbers to start the day off. A little bit worse than expected. Julie i want to start with labor Market Conditions because they are we see a drop or a game with anticipated labor Market Conditions. That index is down 2. 1 . The estimate was a gain of 1. 5 . Thes are walkin watching labor market. Overallnumbers are down in line with the median estimate. If you exclude transportation, you get a drop of a tenths of 1 . That is larger than estimated and that is the seventh decline in the past eight months. Looking down, we have a decline of 3 in goods orders. Extra transportation, you have a 3 10 of a percent miss down. It looks like the numbers are slightly to the downside here. A slight downward bias is is what was estimated. This is coming on the heels of a comingk meas
Accused of disciplinary violations, including accepting bribes and leaking party and state secrets. Xi jinping krou vowed to crackdown. Citizens are frustrated with ram pant corruption and they fear they are losing their grip on power. Executives at honda are recalling 135,000 cars in japan. They are concerned about defective air bags made by takata. Honda representatives already promised to expand the recalls in the United States. They told lawmakers they would examine 3 million more cars. Officials with the u. S. National holloway Traffic Safety administration told honda to expand the recalls last month. Honda will recall the same models in japan as in the u. S. The firm has already filed 970,000 recalls in japan and it will exam over 10 million cars around the world. Workers at the u. S. Space agency nasa are celebrating another giant leap. They test launched a craft that could carry people to mars and brought it safely back to earth. An unmanned version of a vessel called orion spl
Accused of disciplinary violations, including accepting bribes and leaking party and state secrets. Xi jinping krou vowed to crackdown. Citizens are frustrated with ram pant corruption and they fear they are losing their grip on power. Executives at honda are recalling 135,000 cars in japan. They are concerned about defective air bags made by takata. Honda representatives already promised to expand the recalls in the United States. They told lawmakers they would examine 3 million more cars. Officials with the u. S. National holloway Traffic Safety administration told honda to expand the recalls last month. Honda will recall the same models in japan as in the u. S. The firm has already filed 970,000 recalls in japan and it will exam over 10 million cars around the world. Workers at the u. S. Space agency nasa are celebrating another giant leap. They test launched a craft that could carry people to mars and brought it safely back to earth. An unmanned version of a vessel called orion spl