Operations in russia but the lender insists its still committed to the region. Greek ranking stocks rally and leaders await a final proposal from athens on the debt repayment. They tell cnbc the new greek government must hone down its rhetoric. Words and sentences have meaning. They have is gravity. You cant talk the same way when youre a finance minister or Prime Minister than when you were just a candidate. Crude on the slide amid mixed messages from opec on global demand. Coming up we speak to the Mexican Central Bank governor. Thats a first about how his country is coping with lower oil prices. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And we just had the monthly iea report out. Theyre highlighting the fact that the market rallied in late january on news on a steep job in the u. S. Rig count however they say supplies remain abundant and highlight the fact that it will take time to make a dent in production. They highlight five or six years
Dow a tripledigit gain. The hope is the poor showing on the jobs front would be the reason for the Federal Reserve to delay raising Interest Rates until later in the year. Sentiment also improved when a reading on the Services Sector came in in line with estimates, and still showed growth. And then new york fed president bill dudley said chill, when the fed does raise rates, he said it wont be that bad. The likely task of shortterm Interest Rates after liftoff is as important as the timing of liftoff. I anticipate the path will be relatively shallow. The headwinds in the aftermath of the financial crisis are still in evidence particularly the diminished availability and the tough returns we see for Residential Mortgage credit. Add it up up and the Dow Jones Industrial avera rose 117 points closing at 17,880. The nasdaq was higher by 30 and the s p 500 was up 13. Thats how wall street felt. But theres no way around the fact that the jobs number last friday was not a good one. As Hampton
Developments out of riyhad athens and beijing. Three separate stories, all of which could affect the direction of stocks and bonds to come here and overseas and by extension, e value of your portfolio. In saudi arabia the king has said he will not attend the summit of arab states at camp david in the next few weeks. Its a relationship bound not just by politics but by economics. Hedley gamble has more from london. R for a Nuclear Agreement just. President obamas bid to bring arab allies on board is flounder dubbed the saudi snub u. S. Officials were quick to push back. I know that there have been some speculati that this change in travel plans was an attempt to send the message to the United States. If so that message was not received. Nothing could be further from the truth there was some snub. Billed as an opportunity for arab leaders to air their concerns about the p5 plus 1 talks. Obama administration had planned to sweetened the agreement with more military operation, but stopping
Including duke mba tim cook. He was snapping many pictures with fans. All right. I didnt stay up. I didnt either. Did you. No i was gone before this. Were you . Really. I didnt want to try to watch it because i didnt want to turn it off. The schedule this is not your normal schedule. To be here with us you. I sacrificed the National Championship game to be here with you joe. You had nothing left in your pool. Your brackets. It meant zero. Exactly. I think i could win the bracket out right before i could spell it. Who did you have winning . Next year. I was just as bad. Im embarrassed. I read too many articles. Its not like you the bearcats or anything like that. I wish i had. I wish i would have taken the musketeers just for the heck of it. Instead of blowing my chance on villanova. Thats who i picked too. Why . Because i didnt want to pick kentucky because everybody picked kentucky. It was 49 chance they would win which they didnt but 80 of the people picked them. Do you know who had
A sea of red. Dow open 133 points off. S p 500 off. And nasdaq off 37 points now. Lets look at the ten year treasury. The yields hitting the highest level since early december. Looking at 2. 338 there. And also you should Pay Attention to the german bund driving a lot of the action in the global bond market lately and especially overnight. 2. 3 . Didnt we close yesterday at 2. 2 . Pretty big move. It was a big decline of more than one point yesterday in the ten year. And the bund last time it bounced. We couldnt figure it out. Remember that morning we were here early. This chart is incredible. That was the one that went there and the markets were covered. Its going to test the recent highs in yield. It was because the economy was going. Its what we talked about that day. We live by the sword, die by the sword. When rates finally start being normalized in europe we were staying low. Lets show everybody whats going on in the European Equity markets. Theres a big sell off going on this mo