Dividend. We will speak to the ceo of one of the Worlds Largest Hotel Companies in just a couple of minutes time. Hans, good morning. A number of things going on. Yen one of the big movers overnight. We need to Pay Attention to it. Hans we have this axis then show crisis by mr. Kuroda e xistential crisis by mr. Kuroda in japan. I think its one of the main stories, not the only story, but one of the main stories driving this sentiment. Uy the market already got there and it seems to be increasingly ahead of the central bank. Look at whats going on with the fed. We will talk about blackrock later on. Right now. About this let me show you whats happening on the terminal. At ise are looking probably markets coming up by about. 8 . Likeean stocks look theyre going to open a little bit softer in around 29 minutes time. Hans weve got to take a quick look at the assets out there. Sentiment inisk the treasuries, down to about 1. 75. On the 10year, pound continuing to weekend. Weaken. Lets get t
A lot of Corporate News this morning. First, lets get a check of the bigger market picture. U. S. Equities closed out of correction territory yesterday. A good rally weve seen over the last ten days or two weeks. Sparked, perhaps, some say, when jamie dimon stepped in and bought some shares. The dow called to open down by about 110 points. The nasdaq by 34. Lets have a look at european trade, where we are seeing some red there as well across the board. The ftse 100 is in the red today. Its down 0. 7 , led lower by Standard Chartered, which reported a fullyear loss for the First Time Since 1989. Asia also showing some red today. Nothing too pronounced. 0. 8 declined for shanghai. There are still concerns lingering about china, about the state of global growth, about the state of earnings, which hasnt been all too bright. Well see what the guidance looks like on the consumer names. In other words, the fundamental problems that have been with us since the beginning of year are not complet
Apple overshadowing Everything Else, it is passover, so i thought of how is this day different from any other day earnings season . It is also seasonally and apple appropriate. Let us look at the major averages that are hovering near the lows of the session. As investors await all the various events that scarlet was talking about, as it is bring break, we do see a drop in volume and this pause at the very least from the rally that we had last week that took other major averages as well and other individual groups to multimonth highs. If you look the s p 500, its sort of made a little bit of an attempt at a bounce an hour ago and did not quite go anywhere. It is still down one half of 1 . Take a look at the bloomberg for volume in the various groups of the s p 500. Overall volume is down 10 to 11 . Telecom is seeing a particular slot, financials as well. Consumer staples also seeing a decline in volume. Apple is on the list of drags. Theres a lot of questions about iphone demand going f
Positive. Gdp running 39 in the quarter. Final revision. A lot to talk about today. Yes. And i think that the amount of news coming out and the news flow is being reflected. Yesterday boeing reported the biggest order in history. No one cared. Today i think they will care. Yesterday i think we had a lot of bank stocks down because they figured yellen would say same old, same old. Yellen did not come out with same old. She said, listen, things are ready. Were going to move. Some people say were enough weasel and i dont think thats whats going, but i caution. Oils up, dont want that. Shanghais down. Dont want that. Interest rates are up. Dont want that. And europes up because the dollar is screaming. So we keep the pajama traders, ive been watching europe since 3 30. As europe gets stronger we get stronger. Why is europe getting higher . Because they can export more. These things are good for europe. Whats good for the goose is bad it is one of the Big Questions of the morning. Dollars c
About five points. Looking here it is actually interesting to see where we are. The dow going negative earlier. China suggesting it could add more stimulus and metal stocks, but Energy Stocks are following as oil is falling. Lets take a look at the s p year to date. We are looking for a loss for the year right now at least. We are down by about two and one third percent with eight trading days left. The index has finished higher in the past three years but we are at least for now on track to break that. Alix we typically see what people call a santa claus rally into the end of the year. At looks like right now we are not on track for that. Your denny research coming out with that us saying that a yearend rally for the s p is actually in doubt. We do have eight trading days left this year and the s p has only done that in the last eight days of the year just five times since the year 1928. In that time, the last eight days of the s p were positive, and it was negative 72 times, 83 . Let