Wagging. Wagging. Kit juckes will join us in a moment. Jonathan looking at the msci world index global stocks, and august 2015 hi. 600 aope, the stoxx january 2016 high up one quarter of 1 . The story in the fx market is a little bit of dollar softness. We come in 2 10 of 1 . The cable rate pushes up to one point at 133. A fifth straight day of gains. The discussion for this program in the next 10 minutes, are the bears in the u. K. Starting to capitulate . In the bond market, the bulls are not capitulating. Crude gets back to work with a little bit of rally and russia joins the output. In the bond market, the story of last week, the long end of the jgb curve, the worst week for 30 year japanese Government Bonds, yields coming in three basis points from the session. The focus is whether the boj and governor kuroda allow the yield curve to steepen and hopefully assist the banks to make a little bit of money. David they have been waiting for that in japan and it has been tough. Lets chec
Good morning. Welcome to Worldwide Exchange on cnbc. The dow, s p and nasdaq on threeweek winning streaks for the first time this year. It was a broad based rally with all s p sectors ending higher. Lets check in on u. S. Futures right now. Will that strong start to march continue . It looks like it wont today. Nothing too significant. The dow expected to open down by 60 points to 70 points. The s p by 10. The nasdaq by about 25 points. We will get much more on the markets in a minute. We also want to talk about politics. Theres plenty here in the political world to catch you up on over the weekend. In michigan, democratic president ial hopefuls, Hillary Clinton and bernie sanders, traded shots over everything from trade to the auto bailout to the flint water crisis. On the republican side, donald trump turned in weekend wins in louisiana and kentucky. But the wig wbig wins in kansas maine went to ted cruz. Much more on the race for the white house in 20 minutes. People inside and outs
We read the tea leaves on the data thats driving down the market this morning. Cbs and time warner are on the move both after reporting earnings. Were going to dig into those quarters. Well also talk to cbss chief executive. Tim cook calling the u. S. Government dysfunctional on mad money with jim. Well hear from the apple ceo and dig in on what last nights primary results may mean. Stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. Speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 196. And everybody wants to know, jim, what this might mean for friday. Yeah. I think that were back into a mode which says this roving bull market that weve had in cyclicals maybe give that a break. Go back into the clorox market. Remember, it is just bull, bear, bull, bear, we rotated o
Incomes below 250,000. A senate bill would likely contain an extension of expiring unemployment benefits. And the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. In a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the governments 16 16. 4 trillion Borrowing Limit. Treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. But geithner warns it is harder to predict how long the delay will last because of all of this ongoing fiscal cliff negotiations making it harder to forecast what revenue and tax spending will be next year. The journal says right here the white house and congressional leaders have shown no signs of progress in the senate or elsewhere. And then, you know, i dont think weve run this bite enough. Tim geithner told Steve Liesman. I have it ready. That he is we should show it mu
Beyond their control like the economy and the fiscal cliff . I think overall it was more probably 70 to 80 factors beyond the retailers control. I think retailers had creative merchandise but i think the news didnt lead to a feel good factor. In any economy, good or bad, you always have some winners. Who did really well this year . Well, it looks like in terms of who did well so far, Companies Like American Eagle outfitters limited, michael cors, macys tj and i would say costco was also a winner. On the flip side were there retailers that you had high hopes for going into the season but just didnt deliver in the end. Certainly we will see some becoming more promotion al, some of the childrens retailers, whether it was impacted by weather or there was Competitive Price and they did a good job at it, the childrens retailers seemed to have a tougher season this year. Now is the time of year when we shift into gift card sales. What most people dont realize is those sales get counted until