Worldwide exchange on cnbc. Im sara eisen. And im wilfred frost. Lets bring you up to speed on the markets. About the best trading day for the last three weeks for the major three indices. Yesterday, we are expected to give up the gains. Dow low by over 100 points. S p by 12, nasdaq by 31. Looking at just 0. 5 declines for each of the three major indices this morning. The tenyear note in the u. S. , were looking at a yield of 1. 82 . News to catch up from overnight in asia, Australias Central Bank cutting interests rates to an alltime loaf 1. 75 . This is the rbas central bank easing in a year. Policymakers there say wage growth. Decision was not expected by all. 50 of economists look for the move. The aussie dollar as a reaction fell sharply on the news. Though, i have to say, we warned you three weeks ago as we saw that deflationary measure out of australia thinking they are going to ramp up easing again. Some some people are expected as you can see by the move, not everyone is expec
Reporting that those conversations, finally ended last week after they decided against the teal. Activist did its own deal last year. Recently, it acquired forest labs in a 20 billion deal. As for pfizer, the u. S. Pharma company had a 1 billion takingover bid for its rival astrazeneca this year. The biggest Bank Offering since the financial crisis, citizens financials ipo pricing blow its expected range last night. Raised about 3 billion. Shares are expected to start trading today at the symbol tsc. China planning to launch its latest galaxy note. Apples iphone 6 hasnt officially arrived in china yet. Eunice yoon told us just yesterday, the black market for the device over there is hot, hot, hot. Activist. Interesting. Founded not that long ago. So that would accomplish the same thing for ian reed . Yes. Its another way to do it. Hes been outspoken on how its like a 1 billion difference. He says we arent doing plants, were not doing research. Were a lot of and that the difference betw
People are paying attention to. We almost had a three handle. Youre in october, down 300 points, and, of course, germany is not cooperating. The tenyear is solo at this point. But still not as loy as italy. And and where would you butt your money . If you can take an italian bond or a u. S. Bond . I have so many things in my head, lisping to the fed comments yesterday, my whole idea about how the fed has potentially set us up for something that could be scary, its not going to be inflagdz. Its going to be that it didnt work. All of a sudden, europe is in its third recession since the crisis. Were in a slowdown. Finally, weve got no remedies and we finally and yeah. And weve tried to lessen the impact on everyone, which is you know, you cant blame the fed for trying to do that. But sooner or later, they finally get to the point where i didnt know about the comments until you said it. He is the minneapolis fed chief. And saying to raise rates in 2015 doesnt expect next year. The entire w
Securities, the gauge rode to a sixweek high. This morning, u. S. Equity futures are indicated up slightly, up by about seven points. S p futures down by over a point. Nasdaq up about a point. And the tenyear note, this is what weve been watching so closely. The tenyear note at some point is yielding 2. 8 . Exactly. Thats been driving the direction for a lot of these things. Moving up yesterday was around 2. 78. But 2. 8 is where people start to sit up and take note. Just under 16,000. Vix at 14. Tenyear, 2. 8 . Im not ready to say anything yet. Are you . No. But you wonder, if you looked at november every time there was a dip, people jumped in and bought. Thats not happening. No, no, bring that last one back up. We cant say anything. Look at that. Does that look any different than anything else . You know whats weird, is the dow had its biggest look at those others. I know. But weve gotten so used to gains. Look at september, look at all, look at june. Down, slightly back up. The dow
Since 1950, there have been 17 other instances when the s p is up nearly 20 on the year. The index finished positive the following year 82 of the time. Positive the following year, the s p finished with a gain of at least 7 , 86 of the time. Given the rally, its not surprising that stocks mutual funds are set to see their first annual inflows since 2005. But not everyone is convinced or confidence in this run up. Investorers forward more than 21 billion into money market funds on fears of a potential pullback for stocks. Those came as investors pulled funds from the previous week. Now, we are watching the tenyear. Now, the bet was on the tenyear. I dont know if we want to do the bowing now or how we want to work this. You said they werent going to taper. Im out of this. I lost. Im not even trying. Listen, here is the deal. And even on that friday i forgot about the bet. But on the friday when it was supposed to end and it was the close of that day, it was less than two basis points hig