Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150
Up investors are nervous about whats happening in the bond market is that what this is about i think thats part of it but also the impact on health care from the announcement that we had this morning from mr. Buffett and jamie dimon and amazon is enclosuclearly is havn impact the expectation would be that youd see increased m a in 2018 when youre getting significant selling like youre getting in the managed Health Care Space youre going to see a dow tape clearly under pressure. Steph, the dow was down 350 around there, at the low yesterday sold off into the close. Whats this about . I think it is a little bit about rates but not fundamentals of the economy, its not about earnings because earnings continue to go higher. Its about getting overbought. Were up 7 in january still the best since 1989. However, youre up on top of 19 last year. So weve had a nice rally. We havent had big corrections, we havent had big pullbacks sure, rates are going higher and its something to be mindful of. B
Past 9 00 a. M. , we are an hour away from the open of asias first major market and the start of a new trading week. It is just past 6 00 in new york. Weekend for Central Bank Policy makers the world. I spent the last three or four days in new york. It is kind of like a monetary rock festival. The final act, the g 30 this weeing in new york, the hours in hong kong. We had janet yellen, kuroda, it was amazing. Yes, sort of like coachella for nerds. It is interesting. This kind of mantra of saying we are going to get tightening and we are on track, and yellen and draghi are saying inflation will pick up next year. Have we all been underestimating it . There you go. We will get into this quite a bit through the show, and including the inflation number , a little bit of a sour note but ignored for now. Trying to say quickly, stocks close higher across the border, across the board, bonds rallied after the cpi came in weaker. You can see s p up two points, the dow up about 1 10, the nasdaq g
Good morning, welcome to Worldwide Exchange on a monday on cnbc. Im sara eisen. Im wilfred frost. Well bring you up to speed on what the markets are doing right now. Last week we ended half a percent to 1 down for the three major averages. Those declines really coming on friday for the rest of the week looking pretty much flat. Today were looking at a slightly positive open but not too significant. The dow falls higher by 24 points. The s p by 3. 4. And the nasdaq by 7 points. The tenyear note as we know in and around 7. 5 the last couple of weeks. And its towards the 1. 7 level right now. 1. 714. As for the Global Market picture, traders shrugging off Economic Data out of china. We got chinese investment, factory output and retail sales. All of them grew slightly more than expected, slightly less than expected in april. But we managed to see gains. The shanghai composite up a tenth of a percent. In hong kong, similar gains. And in japan the nikkei was up sharply earlier in the session
This is real money, and you are the most important part of the show. So tell us what is on your mind by tweeting us at ali velshi. Tonight we can report that when it comes to oil and Gas Production the United States is now number one. According to a new anal his issued by bank of america, total ou output exude exceeded , and beating out russia and saudi arabia. The bank of america report comes on a similar analysis from the energy agency. This is all great news for the economy. Huge advances going into shale, and using fracking changing the economics of oil and Gas Production. Natural gas prices in the United States have fallen by twothirds since 2006, and that has helped the u. S. Energy Lower Energy Costs and boost activity across the sector by tw two or three percent. Texas has been extracting more oil out of the ground since the boom of the 1970s, and for the first time the oil fields in north dakota are producing over 1 Million Barrels a day. But americas oil boom appears to be do