Courtney reagan who is in for sara today who is on assignment. Good morning. Good morning. Lets get straight to the market action. Rallies across the board. Record highs across the board yesterday as we said already. The dow, s p, the nasdaq, russell 2000, s mid caps and th dow all hitting fresh highs yesterday. Extraordinary stuff. Broadness of the rally. The dow called higher this morning by 42 points. S p by 3. Nasdaq by 3. 5 points. U. S. Equities doing well. We also saw equities in europe do well yesterday. Lets look at what the euro did over the last 48 hours or so. It moved very sharply. Initially going about a percent higher. When the decision from the ecb was announced, the market was focusing on the fact that the monthly size of purchases was reduced, there fourth euro rallying on the expectation, that meant stimulus was being withdrawn. About an hour later, when the press conference began, the euro fell sharply. About a percent and a half down for the day. That was when mari
Off of 11week highs in europe. Lets look at the action in the crude markets. Opec members have agreed to cut production. Wti down today 1. 2 . Brent down 1 . Taking a breather. Its been a torrid run in the oil market. U. S. Federal reserve will announce the latest Interest Rate decision. The fed expected to raise rates for the second time in ten years. Also expecting an updated economic and Interest Rate forecast. You can watch all of this, the full coverage of the fed announcement and Janet Yellens News Conference on cnbc. There are a few other key reports to watch today. Heres whats happening. 8 30 a. M. Eastern time, the Producer Price index and retail sales come out. At 9 15 a. M. , Industrial Production and business inventories for october. Thats at 10 00 a. M. Eastern time. Now lets talk a bit of politics. President elect trump will be holding a roundtable summit with Tech Industry leaders today. Among those expected to attend, the man who put this together, peter thiel, bet on t
Im sara eisen. Im wilfred frost. Its throwback thursday, were throwing it back to funk. I cant believe its already thursday. Neither can i. Short week. Short week. Good to have you back. I dont think i said that yesterday. Thank you. It was an extended new years weekend for me. Lets get to the market action. Yesterday was similar to tuesday. We saw gains, we saw the nasdaq lead the pack, up about 0. 9, the dow lagging at about 0. 3 of gains. The s p in between. The nasdaq already playing catch up. It was the laggard of the big three indices post election. Russell 2000 was strong yesterday. Up at about 2. 5 of gains for the week as a whole. We are expected to see profit taking this morning. Not too much. About 16 points. The dow is called lower. The s p 2 points. The nasdaq 5. Yesterday, lots to focus on. Fed minutes, we got goods orders sales, after the market closed, bad retail releases. Tenyear treasury note at this hour, kind of settled below the 2. 5 level. Pulled back a bit furthe
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me. Welcome back. Thank you. Its our half birthday today, february 7th. Of the year, my goodness. Was that basically like where are my flowers . I heard february 7th. There we go. Because we share our birthday august 7th. Checking in on Global Markets. We did see declines in all three indices yesterday. I saw that headline yesterday on the ft, the declines were very small. 0. 1 and 0. 2 . This morning we are expected to downs back. The dow by 33 points. S p by 2. The nasdaq by 3 points. Essentially friday a very strong day on hopes of deregulation, stronger than expected jobs print. Risk on on friday. Risk off yesterday. The risk off sentiment did manage in lower stocks but not much. Mainly manifested itself in buying of the bond market with yields, particularly in the afternoon moving quite significantly lower. Close to 2. 5 at the close on friday. We fell briefly below 2. 4
Song. What is the theme that led to this song . I want to find out. My Favorite Song ever . Well find out very soon. Welcome to Worldwide Exchange on cnbc. Im sara eisenment. Sara eisen. Im wilfred frost. Were throwing it back to barbie doll, which made its debut on this day. If were throwing it back, are there more barbie songs . Maybe well play this one into every break. Or other cheesy ones. I like kens voice in this song. Yes. I was about to try. It would have been bad. Lets check in no. Stop. Not bad. Here are the futures after another selloff on wall street. Third day in a row yesterday. The nasdaq eked out a fractional gain. Absolutely. Futures looking up this morning. Dow futures are up about 8 points. S p is up 2. Nasdaq up 2 as well. Lets go straight to oil. Thats what really spoiled the ma party yesterday. A big plunge in oil. Fell bigley. More than 5 to a level back in december. Lowest level of the year, about 50 a barrel for wti. You can see getting a bounce of 0. 3. Brent