Julie hyman has been keeping an eye on the markets. Some interesting lows here in the united states. This really risk off five to the market. Stocks are not down even as much as they were in the opening bell. Two thousand 94 now on the s p 500. Take a look at what is exactly at work here. Consumer staples and industrials also down. That has been counterbalanced by an increase in financials. Is not the case here in europe. We were watching that big deal that was announced. We are at 196 dollars per share, nearly a 50 premium. Isrosoft on the flipside falling. Also we are watching and other going on this morning. The Cyber Security company is close to buying google buying blue coat systems. They found semantic had been in talks at one point deciding not to proceed with that deal. And then also we wanted to check on oil, which continues to decline. Their peers to be some concern about the supply. Technologies remain lower. Keep an eye on those today. Getting more headlines on the microsof
How is this for a ringing endorsement of the economy . The economy continued to expand across most regions from mid february through the end of march. Demand for manufactured products , we can act weakening activity and the harsh winter weather. Not anything we did not know. Speaking oil prices, investment in oil and gas drilling declined. Laos related to the decline in oil and gas prices recorded this reported in multiple districts. Despite the decline in permits into new investment, overall production in the oil and gas sector remains strong to increasing. A majority of districts report higher retail sales. They cite consumer savings from Lower Energy Prices as helping to boost transactions. This is still a mixed picture. A number of districts including boston, minneapolis, San Francisco recording higher retail sales. Business service firms, some good news. Rising activity. They expect positive nearterm growth in that. As for the labor market the feds question should they raise rates