Thrashing. Stocks jobbing the most since august. The euro soaring the most in five years. Manus the question is, this is yesterdays move. A rally about 3 . The biggest move since 2009 when the fed said they would buy 300 million off the treasuries. The question i am asking is, is this euro drop me euro rally debt . Bed . Dead . Anna we have the jobs report of the u. S. How week with that number have to be to keep the fed from raising . Manus we go for an Unemployment Rate of 5 . Yellen has given us the curtain raise. Anna lets get a first word news. Slipped the euro has the most since 2009. Investors shift their addition attention to the rate hike. It was versus the dollar yesterday. Sachs has goldman called for the euro to plunge not go as planned. They predicted a dovish surprise for mario draghi would send the euro tumbling. Robin brooks is now rethinking his entire week euro thesis. Today was not a most fun i have had he said. Opec ministers prepare to meet indiana to decide out th
Because this is the beginning of the big surge. The two things wall street is getting wrong on the stock. But first a massive rally on the street. All indices closing with 1 across the board. The Tech Industry stood owl with large cap names like amazon, alphabet and microsoft. And the big winners of 20156789 big moves for netflix, starbucks, facebook and general electric. And is this your signal to stick with the winners going into 2016. Pete, what do you say . When you are looking at the last couple of trading sessions, we have to look at volumes, which was low. And that has to be looked at. 9 million contracts in the options world. Dan knows that is half. 10 million today. And do you want to over read this. And the last few weeks is a dash for trash. You look at oil and the Energy Stocks is what has been propelling this market. But to your point, do you stick with some of the winners . I think absolutely. I think some of the names have more upside in front of them. And the microsofts
Its deal with nokia makes sense. Alibaba is looking to invest in micromax with negotiations under way. Good morning. Welcome to the show. We have the norwegian central bank. 7 out of 13 economists expected a 25 basis point cut but we didnt get that and as a result of that were seeing the norwegian crown rising. The developments in the norwegian economy have been wrongly in line with the march projections. The krone strengthening after that position. Also saying from the info received recently still prospects, the key policy rate will be lowered so still maintaining a fairly dovish bias here. Of course this is norway western europes organization. Its been hit by the fall in oil prices we have seen. The rebound in oil prices reducing the chance for the central bank to cut rates. Rates leaving at a hold and potential rate cut in the month of june. You can point out that norway has been not just hit by the drop in oil prices but dealing with unemployment very high and surging house prices
Line, General Mills exceeding expectations. Prime minister netanyahu declaring victory in israels election. Tim cook explains why its okay that you dont flowknow yet why you need his watch as apple gets set to join the dow after the bell today. Investors bracing for the fed statement. See theyll drop the word patient. Janet yellen will hold a News Conference. Well have complete coverage of the fed decision beginning at 2 00 p. M. Eastern here on cnbc. Its being called the end of an era, end of the zerp era and end of an era that promises low rates for a given period of time. The word patience. The reason its important, if she does remove it it gives her flexibility to lay the groundwork for Interest Rate increase as if it werent a high stakes fed meeting, how about the letter from ray dalio, major Macro Hedge Fund strategist, talking about risks here. To be clear, we dont know nor does the fed know how much tightening will knock over the apple cart. What we do hope the fed knows, which
Right now. Take a look at what happened in asia overnight, as well. A lot of these headlines hitting as japans market was opening there. That was the first sign that argentina was not going to be able to make its payments. As you can see right now, the nikkei closed down by about 25 points. The shanghai, though, was up by close to 1 . Among todays tests for the u. S. Markets, we have economic numbers, more earnings that will be hitting. At 8 30 eastern time, we will be getting the weekly jobless claims numbers. Polled economists were filed last week, up 21,000 from the week before. When it comes to earnings, Oil Giant Exxon mobil, Conco Philips are both reporting. Mastercard and kelloggs, those are among other names that well be expecting today. Right now, lets get over to michelle with a roundup of some of todays other stocks to watch. A number of companies posting results last night, becky. Revenues came in just shy of expectations and the company is cutting its full year forecast fo