Good morning and welcome to Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost. Congratulations this morning to the villanova mens basketball team. If you went to bed early and missed the storybook ending to that game, what a march madness of upsets. The villanova wildcatings defeating the North Carolina tarheels with a buzzer beating threepointer to win the ncaa championship, even more amazing that game winning shot came just seconds after North Carolina nailed a three of its own to tie things up. A memorable final five seconds sure to go down in the history books. Well have much more on that and in sports more widely later this hour. One of the best finals ever, people are saying. Congratulations to mr. Cramer. Now to the markets. What we are seeing is a pretty sharp selloff, and it is global right now. Check out u. S. Equity futures. A tripledigit loss at this early hour for the dow. Dow futures down 08, s p futures down 15, nasdaq futures down 30. Nasdaq was the big la
And im wilfred frost. A very good morning to you from me as well. Happy friday. Lets get straight to the Market Action for you. U. S. Equity futures at this hour pointing slightly lower after some gains this week. The dow closing at one of its highs for the year. Its highest close back to july 2015, only on very slight gains on the day. Were expected to open down by 18 points for the dow. The s p by three. The nasdaq by about a point. Not too much action on the u. S. Ten year. The yield currently 1. 77. But a selloff for tenyear treasuries pretty much for the week. Financials are in focus again today as we wrap up a week driven by bank earnings. On the docket today, citigroup. Analysts are looking at 1. 03 per share on revenue of 17. 5 billion. Worth watching here, the bank could give us a snapshot globally because more than half of citis revenues come from outside the united states. Its been more exposed to emerging market swings. It also comes off that decision from the living wills
Exchange on cnbc. Im wilfred frost joined today by seema mody. Good morning, seema, sitting in for sara eisen. Lets go to action, u. S. Futures have taken a positive turn in the last hour or so, following european markets making a similar turn. Higher by about 50 points to the dow. 53 to be precise. S p by 6. 4. Nasdaq by 20 points. It follows a 1. 25 decline last week for u. S. Equity indices. Lets look at the u. S. Tenyear, were seeing buying over the last week or so that did actually take the yield below 1. 7 briefly on thursday. Were just above that level right now. But as you can see, the move in general over last week has been one of yield compression. 1. 718 on the tenyear note this morning. Breaking overnight, bank of japan governor kuroda says the boj is closely watching how unstable Global Market moves could affect his countrys economy and prices. Speaking at an animal meeting of trust banks today, kuroda said, quote, the boj wont hesitate to take additional easing steps need
So i try to incorporate all holidays. In the meantime, we have a developing story about deadly weather across central u. S. Tornadoes, blizzards, heavy rain killing more than 20 people in three states. More bad weather coming. Western oklahoma bracing for a foot of snow. Blizzard warnings remain in texas and missouri. A little bit of travel trouble across the country. About 1500 Flights Canceled nationwide yesterday. Another 6,000 planes are delayed. Youre going to be getting a live report from the Weather Channel in just a bit. Meantime, the Global Markets are open today. We are seeing some negative activity in the futures market because of some of the activity that we have seen in asia and in europe. In europe the u. K. And irish markets are closed for bank holiday observing boxing day. Australia and new zealand closed for the same reason. In germany we are down fractionally. Down 1 4 of 1 . Same for spain and groogs which we are still throwing in there for good measure down by 3 4 o