Similar gains for italy and spain. If you check out the currencies, thats where so much of the real volatility has been taking place, you can see that the pound is higher versus the dollar. Its trading at 1. 4635. The dollar is up against the yen at 104. 44. Finally, check out crude oil prices, crude down by a dollar last week with real concern on what was happening there. And that added pressure to equities last week. This morning, wti is up by 1. 5 . The gain is 73 cents to 48. 71. A couple stories we are watching this morning, Indias Central Bank chief announcing hell step down when his term ends in september. The news was not expected. Rajan has been popular with Foreign Investors and took control of Indias Central Bank in 2013 when the country faced the worst currency crisis since the 1990s. But faced creditism from the ruling party for not lowering Interest Rates enough. And he announced sweeping reform rules. This clears the way for apple to open stores in the country. Shares fo
Ive thoroughly enjoyed before will all of you. See is a greats friend. Thank you for coming and having your insight. [applause] thank you. Thank you. [inaudible conversations] [inaudible conversations] cspan, created by americas Cable Television companies and brought to you as a Public Service by your cable or satellite provider. Next, peter marks reports on the late aig ceos to revive the company after the 2,008th 2,008th crisis. Bob benosche are i thought it was an amazing story of leadership. So, tell me, why tide you want to do this book . It actually started with my wife, who at the time was an aig employee. She was one of she wrote a lot of bobs the letters to employees in the communications deposit, and bob reached out to her, wanting someone to tell his story. He loved the way show wrote, and i subsequently became intime platly involved in the piece intimately involved in the piece as. We it needed some outside perspective, someone who didnt know the company so well at the begi
Percent and the dow is up little higher and the nasdaq is up by 1 . Question was whether traders would see a selloff before the president s day to day weekend but we are Holding Onto Gains as we go into the holiday weekend. Lets look at sector performance. You can see for the most part its a broadbased rally. The s p 500 10 sectors are in the green but utilities are down a little. Financials are the biggest leader up by 3. 25 and they were the biggest laggard yesterday. 2. 4 ials are up by 25 and energy is up. Some of the financial stocks are in rally mode. Bank of america and citigroup yesterday fell 6. 5 . They are now up by 5 . Is up 7 off of that news as well as wells fargo. Lets take a look at energy. With energy, crude oil is up 10 at 6 . It had been up about 11 but we are now up near the 29 per barrel mark, near session highs. This is the biggest jump since january. Yesterday, it fell to the lowest hint of days. At equity struck a dive yesterday. Safe havens are going the other
Recovering. We have seen the correlation between the two that we have talked so much about. All three major averages are higher. As we just heard scarlet and , are we seeing a rally or are we seeing a rebound . Take the dow as just one example. This is a two day chart. Declines yesterday. Gains equaling just about. 02 . There is a preponderance of gain or movement coming from a handful of stocks. If you look at the movement, you have financials, again, counting for a lot of gains, Goldman Sachs, jpmorgan, travelers are the three top games in the dow. I also want to take a look at the average point swings. This is a look at the increased volatility. This is the average daily point swing going back one year. The past year was 209. That seems pretty large. Except, this year it has jumped to 319. We have seen enormous swings on a daily basis. Its fun to talk about that with the dow because we are talking about hundreds of points. To do withof it has banks, but also oil. We saw yesterday th
It is the pulmonary reading on february and found Consumer Sentiment found fell to a fourmonth low. Weve seen the effect of lower stock prices around the globe having an effect on sentiment. The preliminary index falling to 90. 7 in february from 92 in january. What was estimated by economists. The other number in his report is household longterm Inflation Expectations fell to the lowest on record, going all the way back to 1979. People not looking for any inflation, especially with the declines we have seen in Commodity Prices and prices that people are paying at grocery stores, for example. If you look at stocks, we are seeing them hold up, although, they have trimmed the gains, even a half hour to trading when we were open this morning, we saw stocks up across the board. In particular, the nasdaq is now showing more weakness relative to where we were earlier. Take a look at the imap. Financials are leading the gains, following on the heels of commerzbank in europe coming out with ea