Everybody. I am anna edwards. The oil price on the move again, retreating once again down by 1. 3 . Where we are on wti right now, down 1 on the brent price. We have a chart that was that into context, a big move looking at the blue line, that is the wti price. Is the upside, three weeks ago we were in a bear market on oil. A bull market returned on thursday, speculation mounting at that point as to whether opec would take action to boost prices. The focus on the attention is the data out of the u. S. Over the last 24 hours or so, u. S. Data showing oils of prices increasing, inventory the highest in 30 years as we come to that driving season. Keeping oil very much in the center and the overnight trading session in asia. With that in mind, let us bring up the risk radar. As we said in the headlines, retreat in the asian trading session. We have the biggest drop in threemarket stocks weeks but really the focus of the market around the united states, putting the dollar index in there, re
Why it is getting harder to connect the dots of control funds coming into the scene. Julie wells fargo fired 5300 employees linked to and proper sales practices. How they open credit card accounts without customers knowledge. 30 minutes into the trading day into the u. S. We will send you to Abigail Doolittle with the latest. The one day im am not over there is the day that perhaps the s p 500 will break the 43session streak of not having a 1 move. Abigail we are sharing it in some ways. As julie mentioned, we have risk off for the u. S. Equity markets. The three major averages are down sharply. The s p 500 was down 1 , alluding to what julie was talking about. Streak of not having the s p move 1 either way could be on breaking. Of the s p 500 and dell down three days and doubt down three days in a row. Down three days in a row. Could the lack of the move be the calm before the storm . Many strategists have been calling for selloff. The risk off in the averages are certainly supported
One of the worst days we can remember in a long time. Scarlet led by drugmakers, the real laggards here. Mylan,f you look at negative publicity building for the amount of charges for its epipen. That needs producer an epipen all the time because of allergies. If you dont have it, you can dive. To raisehas been able the price to 600. Was 57, so epipen they have raised the price quite a bit. Hillary clinton and Congress Want answers. All of the big drugmakers are down, allergan, merck, am gen, many big, heavily weighted companies are on the s p, and thats a you see the drag. Joe lets check out what is going on in south africa. Here are some 30 year yields. You want some yield . Here are some. Theres the concern about the finance minister, he is in dispute with the president , what kind of legal issues he could face. Yields are shooting up. Higher in yields are the west today, but on a smaller scale. A modest take higher, 1. 56 on the 10 year. Scarlet lets talk about the turkish lira. Tur
Housing market, Interest Rate rises are ultimately inevitable. As long as mark carney pulls a shoe with his commentary in a gradual, limited process, we feel the market can deal with that. And missouris governor calls in the National Guard after tear gas is used in ferguson to calm protests sparked by the shooting of a black teenager by police last week. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Very nice to see you this morning. Plenty going on on the geopolitical front, no much on the market front, but lets look at europe. Every one of those rose represents a tenth of the market. 95 of stocks are in the green with only a small smattering to the down side. The netnet is that the european euro stoxx 600 is 1. 1 to the up side. Is that to the detriment of the individual bond markets . Well look in a moment, but the xetra dax, which has been so hard hit on concerns about exposure to russia is the best performing of those major intercre
Same. Were pretty much at session highs. At the high today, the dow was up 90 points. So, again, we are at 85. Yesterday we saw some buy orders on the close, so well keep a close eye on it here, and on apple, tyler, in particular. Yeah, it could close at 100 or so for the First Time Since splitting 7 for 1, and that means apple would be back at 700 on a presplit basis. Say that five times fast. Well monitor how apple finishes during this final hour of trading. And could we see dow 18,000 this year . Professor Jeremy Siegel thinks so. Hes here exclusively, with no surprise, a pretty bullish market call for this year, and for perhaps beyond. Well get into the details with him and talk about valuation as well, coming up. And how about that new deal from sprint . Did you hear about it . 20 gigs a month of data for 100, but there is one catch, youve got to be a new customer. So, what about someone whos been with sprint for years . Why do they have to pay more . And this isnt unique to sprin