But we hear they are still confident on china. I dont see people pulling out of china but i continue to see people putting money into china. G20 leaders warn russian president Vladimir Putin more sanctions could be on the way as they meet in brussels to discuss possible measures. Now to our top story, a quite astonishing story in japan. The gdp number shows a 1 president 6 contraction against the expectation of 2. 2 growth. One of the analysts said theres a big drop as businesses cut back on investing. Key consumption is another weak quarterly factor. Japan is now back in a technical recession following the drop in q2 after the sales tax came through. The latest fall is cementing last weeks rumors of the second tax hike to be delayed and a snap election will be called. Now what does that mean for the markets . The nikkei, sorry, the yen hit a sevenyear low of 117. 06 but they are currently up. 92 . Does this mean we get more easing or have a snap election . Or a sales tax hike is delay
Latest Monthly Oil Market report today. Theres a weekly u. S. Oil data due at 10 30 eastern time. Ahead of those reports, weve been watching oil prices. Up this hour, you will see holy cow, below 63 a barrel. Down another dollar. 62. 79 a barrel for wti. Weir watching the trickle down impact of dropping crude prices. The u. S. Energy price are cutting its prediction for next years Energy Prices to the lowest level since 2009. 2. 60 a gallon. If that happens, u. S. Drivers will save 100 billion over the course of the year. Andrew. Thank you, becky. We have to talk about some stocks though watch this morning. Earnings at Toll Brothers missing the mark by 2 cents. But revenue beating the street. Were going to talk to an analyst who covers the Home Builders and were going to do that a bit later this hour. Check out yum brands because its cutting its full year earnings forecast. Its expecting a slower than expected recovery in china. Recovery still trying to bounce back from a food safety s
We speak. New York Police Officers have been on high alert since 2 officers were killed in an ambush last month. Stay with us for any breaking up dates and follow us on twitter at this web site. Good evening thanks for joining us tonight. Im am mail. Im dan. Other top stories here this evening. 7 news has new information tonight about a Police Shooting here that seems to support claims that the victim wanted to be killed by officers. That shooting happened last night but late today a letter emerged that suggest the shooting death was a suicide by cop. Man had a pellet gun and he was shot in the parking lot of Mission Police station. Vic lee is on the story. Reporter 32yearold man died from his winds at San Francisco General Hospital shot 2 times by officers from this station. It was blue suicide. Man left behind notes to his father Close Friends and one addressed to police officers. The notes indicate he had financial troubles and failed relationships. It happened at around 5 20 last n
Prospect of rising inflation. As they say, a state of a time to make up a 10 year Government Bond yield with 2. 2 . Are the bond markets unraveling . And they have gone on to the side of lunacy. We will get the equity. They will be inclined. We are up 47 . It is up and bond rise bond prices are rising. The global bond and assets in january with a rise that was a little bit less than that. The taper tantrum was 1. 5 trillion. You have not seen anything yet. London is up and we will see what is taking london a higher. Gold is down and they made the slate this morning. Lets take you through cars and a nice set of numbers. They confirm the margins in line with what they wanted to see. The like for like sales have declined. The cfo is speaking earlier and making margins under pressure. That is the first drop in sales in almost 10 years. They have a barnstorming session , in terms of stock trading. Russia took 100 Million Euros worth of a hit on the business and equity is undecided. Equities
Down by 11. We have a couple of stories were watching this morning. Earnings central today. Quarterly results before the bell from dow component ge and honey well. Also Economic Data is going to be front and center because at 8 30 eastern time well get the Consumer Price index and then at 10 00 we get consumer sentiment. Also the Spring Meeting of the imf and world bank taking place in washington. Among the headlines greeces finance minister is promising to compromise in loan talks but also pushing back against some of the reforms. Greeces borrowing costs soared this week amid growing fears of a debt default. You were watching some of the bond yields for greek bonds. They skyrocket to the highest level in ten months. The yield. The price has dropped. I was focussing on my you werent listening. I was focussing on hitting this out of the park with the stocks to watch. Lets hear it. Batter up. I have often thought about that pause some people have aspirations. They can go to general news