Markets feeling a little bit better. Existing home sales are the number we are getting. We are seeing a rise month over annual payril for 5. 455 million. U. S. Argest part of the housing market. That is a three month high. There was a surge in the midwest. There seems to be improving numbers in the housing market. We are seeing stocks higher today following a rebound we saw around the globe. Especially commodity lenders, we will dig into those in a moment. Nasdaq is leading gains today up i 1 . Showing gains. Lets look at the bloomberg. Technology is performing the best today. That explains why the nasdaq is doing the best today. Financials are bouncing back as well. They were sharply down yesterday. It is not quite all of the groups in the s p that is higher. Staples and utilities in particular. Today,look at the banks Goldman Sachs holding its annual meeting here. The majority of shareholders voting to keep the ceo and chairman role as one. All the banks bouncing back today. In terms
It is hard to get wrapped around the numbers but what is eresting to me is the is the Market Reaction of what mr. Corona can do going forward. Jon then the yen is stronger. The bank of japan runs qe at a clip of around 18 billion every few months. That is how small pieces. It feels like a drop in the bucket. We are going to dig into these stories of the day. The details on this package entering a bear market with ebrahim rubari, ari ebrahim rahbari. Hong kong markets closed because of the storm. The real story was in japan and that was straight off the bat. 1. 4 . Ope, the dax down are the leading losers on the stocks in europe. We will debate that throughout the program. A 101 handle on the japanese yen, dollar yen trading at 77, the stronger yen session in the fx market capturing that risk for a moment. The commodity market is fascinating. We moved to 40 a barrel yesterday. Back, one full percentage point to 40. 61. A big shift in the bond market today. Core Government Bonds, yields
The u. S. Trading day. Julie hyman has been tracking the moves. S p on track for the biggest loss in a month. Backtoback declines in more than a month. Down for seven straight sessions. It has still been a pretty tight trading range for stocks the past couple of weeks even with todays decline. We had been moving incrementally higher. One of the things putting pressure on stocks today is oil. Energy stocks had been holding up their games but now we are seeing below 40 a barrel. We will get the weekly Inventory Data from an Industry Group after the close today. From the government the official data tomorrow morning. 500of the groups in the s p are now lower with the decline in the oil price. Technology shares also putting pressure on stocks today. Apple was downgraded. Samsung is introducing a new phone today about a month before apple is expected to introduce its next phone. We are seeing facebook and amazon decline. There is a story today about the uber sale. Interesting take as we see
Points and the s p, moving the monitor so i cant see it. Up threequarters of a point. And the nasdaq is lower by 31 points. Where are we headed to from here . Lets get to bob pisani on the floor of the new york stock exchange. Bob . Hello, michelle. Were flat because ibm has been a drag and tech has been a drag and the question is can we hit new highs and the key, remember, may be earnings. Markets have moved up. They have been a floor under the market and the market believes that, off the low and china hasnt gone away and its been a lot quieter. Earnings have been the big problem and the missing ingredient. Weve had four consecutive quarters of negative Earnings Growth right now and q2, the one that were in now that everyone is talking about, only down about 3 and its been stable in the last week or so. Not reducing the numbers anymore. We could go positive meaning that ends. Johnson johnson and Philip Morris raised their guidance on the weaker dollar helping how the. This week its go
And small streams, tech is playing a major role in the demands for justice and peace. And a c. E. O. Is leading the charge in every way. To our lead story, as violent protests rock the streets, technology is everywhere. Many demonstrators protesting the shooting of Michael Brown and organizing their marches through facebook and giving the people instant details on what is happening on the ground through ferguson. One of those is a native of st. Louis and he has been posting tweets about what is going on. Lets bring in the c. E. O. Who is in new york via skype. And max, let me start with you, the role is very interesting because we are not just seeing vines or youtube videos but what is happening as it is happening based on your site. What does that look like from the inside . We had Radio Stations that filmed some music concerts and realized that they could actually go out there and use that equipment and broadcast live to millions. Live streaming isnt just talking to one person live b