70 . We have that exclusive interview. Vonnie lets go to the market desk where julie hyman has the latest. Julie i will start with valium. In plunge that we are seeing shares down 34 . The company cut its forecast. We talked about the future where the company moved remarkably. Then, on the paul, a slide was put up. The company said today that it is going to focus more on the financial reporting, the transparency, and a typo happened. If you look at the bloomberg, you can see trading over the premarket and regular session. It is falling and then sharply falling again when we got the news that there was the revision. Something else we have been mentioning quite frequently. In the Shareholders Company are moving. A lot of these people have been moving a lot of money because of the stock. Thats 30 drop, that is the biggest drop in record. Vonnie we will keep an eye on that. What about stocks, broadly . Steep. They are not as we have declines. The bank of japan is not making any moves on th
Mark emergingmarket stocks are rising for the first day in 10. The fed starts its twoday policy meeting, and the stoxx 600 in europe is rebounding from a fiveday losing streak. That is the worst in over four months. The dollar is falling as well, so there is a bit of rest bite. Respite. This is a oneyear chart, by the way, falling for the first day in four. The gauge has risen 8 this year. 1. 3 below the record set on november 10. Only the swiss franc has outperformed the dollar this year, rising 1. 4 . Lets get to the commodities market, because commodities continued to sink. They are falling again. Index,omberg commodities which measures 22 materials, is down to its lowest level since march, 1999. Coming declines could be to do a former executive for morgan stanley. China has been the most commodities intensive story that the World Economy has seen. Now china is shifting the model to a more commodity Light Services let economy, which leads him to believe that they continue to decline
For a record of its own trying to close higher for a tenth straight day. That would be its longest win streak since july 2009. Investors encouraged by Janet Yellens hints to congress that the fed will probably start raising rates later this year. What does jim grant say about all this and is he behind the audit the fed movement . Well talk to him about that when jim joins us coming up. By the way, 10year has moved lower, comfortable ablably below the 2 level. Were at 1. 98 and change. 2year note auction after the testimony, then the 5year is at 1. 46 . 10year at 1. 99 and 2. 60 on the 30year. Were getting so used to this volatility but it is really unusual, especially on a comparative basis for how lowther here. Big move after janet yellen today. Lets talk about it in our closing bell exchange. We have renee norris from urban wealth management, Quincy Krosby krosby, Jim Osullivan sitting in my chair at the new york stock exchange. John manly from Wells Fargo Funds Management and Kenny
You know as we said in the report overall measures of equity valuations are on the high side but not outside of historical ranges. In some corporate debt markets we do see evidence of unusually low spreads, and thats what was referred to in the report. More broadly we do try to assess potential threats to financial stability, and in addition to looking at asset valuations we also look at measures of credit growth, of the extent of leverage being used in the economy and in the financial sector, and the extent of maturity transformation, and taking into account a broad range of metrics that bear on financial stability, our overall assessment at this point is the threats are moderate. Jen and then steve nelson. Jen lomberto politico. I want to ask about some of the tension between the fed and congress lately with some lawmakers calling for more transparency and accountability measures. I wanted to ask to what degree that there might be room for the fed to consider some of these measures l
Finmin s positive inflation outlook may lead to early RBI rate cuts. India s rate-cut timing not affected by global trends. Emphasis on boosting private investment through capex program for economic recovery.