States. Here. L doolittle is treasuries having a massive impact on equities today. Abigail we have declines. We have a sea of red on the screen. On pace for their worst day since the end of 2017. Earlier at the lows on pace for the worst day since the middle of november. Right now this trading action does not have the feeling of turning green by the end of the day. Charttake a look at a that may suggest that we could see some sort of pullback. Its the spread between the s p 500 and its moving average well above. Conditions could be overbought. Its about 10 above since 2013. That may suggest we are going to go back down. It could be bearish. Take a look at the stocks down 1. 6 after yesterdays big incline. Could be worrying to investors. The stock has not put in an alltime high since 2000. Weekly intel on whats ahead. Hell tell on whats ahead. This is a five day chart of the 10 year yield. Had a big backup in rates over the last five days of about 14 basis points. We saw a similar fived
A bond rout in overdone . Been overdone . Another survey said 50 Job Vacancies have slumped. It talks about a seismic drop in brexit starting to bite. Bitcoin has a bad day. The cryptocurrencies slums on new south korea is planning a crackdown on bitcoin exchanges. We are half an hour way to the european open. Take a look at the futures. The wei trading up and futures mispriced, we will have a slightly positive open. You can see the cac less than. 1 of 1 , the ftse even less in the positive territory. Take a look at what is much more exciting and that is treasuries. The 10 year yield is what anybody is watching. The question is, are the biggest names in finance wrong . Bill not bill gross, jeff dunlop gundlach. Continuing to buy treasury. That would be hard for the market to bear but we have the yield coming back down, 2. 45. Lets get the bloomberg first word news. Says in report claiming officials reviewing the countrys Foreign Exchange holdings have recommended halting purchases of u
Youre watching Market Makers. Its a wednesday in new york city. Wednesday around the world, too. Market maker im wearing pan. This is a much bigger deal than you might think. I could not find a skirt that fits. That is clearly the top story in business and finance. Here are a few others. Shares of target are rising this morning. Posting thirdquarter earnings that beat estimates. U. S. Sales better than the company itself expected. Expansion into canada is showing signs of improvement. The u. S. Is demanding that Chicago Corporation and sutomakers recall all car with these airbags. So far, only cars in states with high humidity have been recalled. Who needs taylor swift anyway . Spotify is expanding and will boost its workforce by one third. They will hire 500 more people while improving software. Artists such as taylor swift have criticized spotify for not paying them enough. Supporters of the Keystone Pipeline said the controversial project is down, but not out. The keystone came up o
Picture of a u. S. Economy still broadly expanding but not in overdrive will stop the retail sales number will be interesting, given what we saw earlier today. Anecdotal evidence suggests overall, National Economic activity continued to expand during the reporter reporting time from november through december with most districts reporting a moderate growth. Dallas reported that growth slowed slightly. Many are talking about the effects Lower Oil Prices could have Going Forward. Consumer spending increased with most districts having modest gains in yearoveryear sales stop thats not consistent with what we saw this morning in the actual numbers. Slight to modest gains reported in austin dallas and philadelphia. Boston, dallas and philadelphia. Moderate to strong growth travel and tourism picked up broadway was a bright spot for new york, up 10 in terms of ticket sales. Manufacturing activity expanded most sectors but Real Estate Sales and construction were largely flat across the district
Electric car that can go more than 200 miles on a single charge. It will cost less than 40,000 dollars. Greece in germany are headed for a showdown in brussels. Finance ministers meet today over greeces request to extend the bailout agreement for six months. A new headlined says a deal tonight looks unlikely. Greece needs the extension to avoid defaulting on its debt. Germany has rebuffed the greek request. The german finance minister says greece needs to make a firmer commitment to austerity. Heres a greeces debbie Prime Minister responded. Deputy Prime Minister responded. At this moment, it appears there are powers that would like greece on its knees so they can impose their will. I believe we can think of what helps our country and what helps these powers. Betty germany is the biggest contributor to the 273 billion bailout to greece. The Parent Company ann taylor, looking to sell. Working with jpmorgan and reached out to potential buyers. It also owns the loft. The best antitrust re