More volatility today. The s p did fall nearly 4 last week. Stocks are heading for the worst since december. I want you to look at the imf function area this is a look at the performance at the s p 10 sectors. We are seeing an acceleration of declines. Seven of we are seeing the 10 sectors in the negative surprising that energy is down 7 10 of 1 because of what is happening in the oil price. The biggest story of the day here. What are we seeing in the oil markets . Basically we did see oil fall below five dollars per barrel. Talkingpped positively, about volatility for a hot second, now it is trading down again. Row, butecond day in a off of its lows. The crude is at its lowest level since february 2009. Natural gas. Down 6 right now. We saw its lowest price since 2002. This is because those weather forecasts keep talking about warmer weather because of el nino happening in the pacific ocean. Is up sixr yield basis points. Equities push into positive territory. Sinces the biggest rise
I dont now. If anyone in my family or anybody you know where shopping this year it sure sounds like it were at nike. They killed it yesterday. Lets start with the first word. Vonnie thank you so much, human Rights Groups russia could be guilty of more crimes in syria. They are dropping unguided weapons on densely populated areas. The group says hundreds of civilians have been killed. Government troops are fighting Islamic State forces. He was spokesperson says and a rocky victory is inevitable but once the greg or easy. American drivers up at 1. 6 billion back into their wallets during the holidays this year and it is all thanks to cheap gas. Prices are under two dollars a gallon. Bloomberg newss power 24 hours a day in more than 150 markets around the world. Firste a look at off futures. Up across the board. Back again back to sticking off the week. Could this be day three . 0. 2 . Ht now dow jones up about a third of one percent. Upe a look right now at wti, for a third day. Big gain
Lowering their forecast for fiscal 16, citing what it calls weak supply chain data points. Everyones trying to game out not just the december quarter but the next year. Does this call make sense . It does. I think the holiday is going to be strong. Tim cook has already said expect the Holiday Season to be up unitswise and revenuewise ver versus a year ago but after that its questionable. The apple watch needs an overhaul to be a mass market success i think. Beats, i didnt like that to begin with for 3 billion. I think its still bad. The main defense for it is how do you tell tim cook how to spend 3 billion . But they have not overhauled the headphones, the key product there, in more than a year. Thats embarrassing given the demand for that kind of product so there you have it. Big product changes are what drives it. The consumer still has money for technology that they want. Thank god that they did the large form factor phone. Over the past three quarters, the large phone has gone from
Almost 11 today decline. Every Industry Group is declining on the stoxx 600 today. Credit risk is increasing. The cost of insuring european corporate debt is rising. The market i tracked europes ex on Investment Grade surpassed 100 basis points for the First Time Since october 2013. That is psychologically important. Lets talk about some of the big individual movements. Ins is the big m a story the region. Look at the syngenta intraday share price. The swiss pesticide maker was up 7 . Now it is up 2. 7 . Kim china has tabled cam china has tabled speaking to Aaron Kirtchfeld in about 20 minutes times. Swatch. Shares are down 1 . They were down 5 earlier. Analysts questioning whether it can reach its sales goal for the year. We have bank of america and Merrill Lynch saying retailers have too many unsold watches in their inventory. Demand is weak as well. They are being heard by a slowdown in china. China is the biggest market for luxury watches. So switzerland very much the center. Betty
Twoday fed meeting begins tomorrow. Crude prices, bouncing off the new 5 1 2 year lows. Looking to come back since their worst week since 2012. Consortium led by bc led by petsmart. Latest on the continuing hostage situation in sydney, australia. Futures on the rise, so are crude prices which fell to 5 1 2 year lows stock markets seven week winning streak ended with a thud and the selloff on friday. Last week the dow fell 3. 8 . S p down 3. 5 , almost every major average, jim, every major sector, was down except utilities, barely got into the green for the week. I went over the chart this weekend and they were amazing. The number of companies, stocks rolling over here, maybe it can be reversed but i see the oil futures hanging by a thread. We go to 57, 56, s p futures will be down. Were just not in a moment right now where people are actually distinguishing between winners and losers. Utility move was part because people feel u. S. Will need more power because they are bond market equi