Seen in the dow just since yesterdays highs. We talked yesterday about the outside reversal we had and what that meant technically. Art cashin among others really focused on what this has looked like from a trading point of view even as people are arguing about the fundamentals and speaking of which, lets talk about a couple wacky things going on in this marnth. Ket. Well get you all angles covered. Why are mining stocks being routed . How come retail sales look so weak when gas prices are so low . Will europe come to the rescue next week with their version of quantitative easing . And does all of this add up to a global economy, bill thats healthy or in trouble . Let me show you the stock market and then we can talk about oil as well. The dow industrials as we said down 258 right now, a decline of almost 1. 5 . S p down 21 points. Decline of more than 1 at this hour. The nasdaq is doing better than the three. Down 39 points or about 0. 85 at 4622. Show you oil very quickly. Late today
Were going to get back to john in a moment. Clearly we had an audio issue there. John reporting on this upcoming meeting on the heels of the discussion last night. Which by all accounts seems to indicate or suggest that perhaps we could see the government open as early as next tuesday as the what im hearing. The offer from the House Republicans is to to have a temporary debt ceiling extension of about six weeks. Then they have to decide if theyre going to open the government again at that time. John harwood, are you back with us now . Im with you. Can you hear me . Yes. Now we can hear you. Have at it. Bill, the deal on the table from republicans, it will be discussed at 4 30 when republicans meet with the president at the white house. Is that theyre willing to excuse me. To raise the debt limit for about six weeks. To midnovember. The president is going to ask insist that they reopen the government as well. Now, theres some interesting back and forth today. Jay carney said the adminis
Quarter will be a downer . How can you get short . Ron insanneh wrote an article about this and will give us the short side of the story. We hear a lot about geopolitical fears in the market, whatever that means. We have one big one for you today. Russian troops increasing their numbers on the Ukrainian Border. If they move in, it is safe to say the markets will not like it, not one bit. First, to sue at the nyse. Sue . Right now, we have an update as we prepare to close out the first quarter. But outside of u. S. Equities, emerging markets have been a big story, of course. There has been a real drop pretty much across the board. Three big examples for you, china down 6 year to date. Chile down 3. 5 . Turkey is down as well. In the last seven days, the etfs covering these markets have rebounded. Brazil up 11 in a week. Turkey up 8. 5 . South africa and china up 8 . Chile and india up 7 . We have the markets covered from pretty much a to z today. We have reports on oil as crude is about
190 plus countries where buyers are located. There is still no word on what the ticker will be or which exchange is getting the listing. The underwriters include swecre suisse, jpmorgan, deutsche bank, goldman sachs, Morgan Stanley and citigroup. As you heard at the top of the show, the Major Driving force behind the earnings for disney was the blockbuster hit frozen. Studio income quadrupled to 74 million. Bob iger says the company is increasing the presence of the characters at their theme park. Iger by the way will be appearing on squawk on the street later on this morning, 10 00 eastern time. Disney shares marching higher once again. Well speak with an analyst about those results and if disney is a good buy for your money in just a few moments. Are you a frozen family . Huge. Elsa, hans, kristoff. He likes the snowman. Olof. We should get a video of olof. We were at the pa, in february. It is amazing. If you ever went to epcot, the norway thing, they have all these characters there
Drive retail airlines out of business. Welcome to Market Makers. I am scarlet fu. Some breaking news. New home Sales Numbers are just coming out. Lets head out to mike mckee who is in our newsroom. What do you see . The expected in new home sales, they fell by 3. 2 . That was not different than what people thought. Is interesting that happened that january was about growth. It had been stronger than people thought going in. 455. T falls to the drop is a little less than it wouldve ordinarily been. Everybody is going to write that off to the weather. February, that a still stronger than what we saw last re wasnt a the weather problem. Rates may be more important than the weather. We may see a comeback. Tosumer confidence, we want follow this closely. If the weather had an effect, it might show up here. People get more concerned about confidencesumer rises more than expected. It is a big jump over the month. People think that things are going to get better. The Expectations Index increas