Both down by 0. 75 . Chinas february exports dropped by more than 35 in u. S. Dollar terms. Imports there fell by nearly 14 . Of course, were watching Oil Prices Today too. Crude was up by 5. 5 yesterday. Its up 45 from februarys low. Right now its down by 1 , but wti still sitting above 37. 50. Scott . All right. Speaking of oil, the Goldman Sachs Commodities Team out with a new report today. That title, the three rs. The goldman team suggests those factors have driven a prema chur surge in Commodity Prices that is not sustainable. The firm is maintaining its bearish view on gold. It keeps its nearterm copper price target of 4500. As for iron ore, goldman predicts a rally will likely prove temporary, so its maintaining its end of year target of 35. And on oil, goldmans nearterm view is for a trendless market with substantial volatility between 40 per barrel and 20 a barrel. That firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf
Hollande is arriving for a meeting with the president. Gdp revised up to 2. 1. Caseshiller is out on your screen. Our road map this morning, the latest on the fight against isis including angry remarks from putin after that russian jet was shot down by turkey. And a couple more deals, nothing like yesterdays major deal. But 2. 5 billion Semiconductor Deal and a billion dollar acquisition in the food business. Shares of tiffany down big. First up, concerns about geopolitics weighing on futures. This russian warplane was shot down by turkish jets along the syria turkey border. The turkish Prime Minister said his country had the right to respond when its airspace was violated despite repeated warnings. Putin said this event is beyond the normal framework of fighting against terrorism. Of course our military is doing heroic work against terrorism, but the loss today is a stab in the back, carried out by the accomplices of terrorists. I cant describe it in any other way. In about an hour fr
Doctors are likely to change their procedures after hearing this major news on Blood Pressure. Everybody needs to Pay Attention. A lot to do today. Well start with a check on oil trading because oil is down by 3 . One reason might be a note from Goldman Sachs that came out this morning suggesting that oil could not will, but could fall as low as 20 per barrel saying, the oil market is even more oversupplied than we had expected and the potential for oil prices to fall to such levels which we estimate near 20 a barrel is becoming greater as oil storage continues to fill. Powerful note. Just to be clear, guys, Goldman Sachs not saying this will happen. That it is going to go to 20. Just that it is a possibility. Their sixmonth price target is 40 a barrel. Thats still very bearish but it is not the Case Scenario. Coming up in the next hour on power lunch, we have an exclusive interview with the man who wrote that note for Goldman Sachs, jeff kcurrie will be our guest. Kate kelly is live a
Going to have to find alternative ways of getting their items cheese, american chicken, nordic fish as Vladimir Putin poses imposes wide sanctions. How would that affect us here . Is it that significant . Scarlet fu has more. It is seen as not a major issue for the United States, partly because the headline sounds alarming, but the Economic Impact is perhaps less so. U. S. Agricultural exports to total are less than 1 of agricultural trade. Be exact. That is because russia has placed restrictions on food steps including pork, turkey, and beef, by imposing unjustified sanitary measures, from russian perspective, not u. S. Standards. A big plunge shortly after the financial crisis, but then a steady recovery since then. Of course, we have seen a big decline this year in 2014 as the russian sanctions took effect and the u. S. Responded to that. This is something to keep in mind. As for the europeans, it it might be more of a hit, particularly used in european farmers my see less of a mark
Consumers but the opposite still seems to be the case. This market likes it when oil is moving higher. Last thursday lets all recall oil hit a low of 43 and change. Now were almost 10 above that right now. Almost 25 gain. I will mention Brian Reynolds just hitting the tape saying he thinks this will help stocks fend off some of the weakness we have seen wreryeartodate. There is certainly a lot to watch. Not clear at all just what this move will even. Aetnas sew Mark Bertolini is joining us in an exclusive interview. Why theyre raising their outlook plus well ask him to weigh in on the controversy. The vaccine story was a big part of the show yesterday with kellys interview with senator rand paul. Disneyland in california was kind of ground zero for the measles vaccine debate with that scare out there. Bob iger will be here after his companys earnings are released tonight. Well get his take on all of that. Im sure im sure that bob will have something to say about that. Here is where we