You are looking at a january to february increase of 2 . 3. 2 was what was forecast. The number itself was 2000 better than estimated. The mostetter than pessimistic estimates would have feared. Sales came inome below estimated. The fourth time in the last five months. All of that said, lets look at what is going on in the broader markets right now. Major averages seeing steeper declines than they did out of the gate this morning. It really is Energy Shares that have been weighing on the s p 500. Look at the imap and energy as you can see is down 1 followed by materials. Weakness in the commodities related shares this morning, on the pressure overall averages are in oil prices are trading lower after we got an Industry Report last night that showed a build in weekly inventory. Government numbers in just about 30 minutes. I will be bringing those to you in oil prices are down 2. 5 . Also not helping commodities is the fact the dollar is higher this morning. You heard earlier from james
Saying. Tom the well focus on the i. M. F. Has to be the great phrase of 18 months, madam lagarde, the new mediocre. I dont think anyones changed, francine. Theyre still talking about the new mediocre. Francine right, except the immediate oaker is maybe getting a little bit worse than it was 18 months ago. Lets get straight to plorgs first word. Heres caroline hyde. Caroline another casualty of the panama papers, this time its spanish industry minister. He resigned after giving conflicting explanations to a fund. He initially denied any involvement before backtracking and calls for his ouster intensified after the newspaper report yesterday. Another blow for brazilian president. The countrys Supreme Court has rejected a motion to stop an Impeachment Vote against her thats scheduled for sunday. Its just the latest defeat for the battled leader, who lost support from key allies this week. The high court voted 82, rejecting her claim the voting plan procedures are contaminated. Russias De
Shares are falling on that news. Speaking about falling, we are one hour away from the close of trade. Stocks are heading for a second straight day of losses. Lets head straight to the markets desk. Julie that today decline is that twoday decline is the worst we have seen since february. It seems as though it is really on Global Growth concerns coming back to the fore. We had mixed Economic Data in the u. S. Today from the adp jobs report coming in a little below estimates. The Services Industry report beating estimates. Factory orders, as well. A little bit of a mixed picture. Friday is the monthly jobs report. Whats also interesting here is that weve seen a failure yet again of the s p 500 to rally back to its record levels. It is now only up about 2 10 of 1 on the year. Weve had these couple of attempts here. The most recent was about a month ago. It did not get quite as close as it has on other attempts and, since then, has been falling back. In todays session, in terms of whats mo
Area. He Inflation Forecasts are the real key. The australian bombshell. There is a time to her three times every year where the wind shifts. This morning feels like that. With the australian shock of new low rates. Of deflationregime and disinflation fighting going on as we speak. Francine its something we have been trying to fight. I guess this is a shift in the wind. Realization that Central Banks seem powerless when it comes to fighting inflation. Lets go straight to bloomberg first word news. Republican president ial front runner donald trump may be on the verge of delivering a knock out blow. Poll shows trump with a 15 point lead over ted cruz. Cruz says he will keep campaigning in a longshot bid. For the democrats, Hillary Clinton and Bernie Sanders are in a tell you race in indiana. 90 of the delegates she needs to become the nominee. European companies are rushing now that International Sanctions have been lifted, but they are doing it without their favorite banks. Many of eur
7488000. For mississippi residents, 202 7488001. For those who were displaced by katrina, you had to move to other states, perhaps he moved back, 202 7458002. All others, 202 7488003. You can post your thoughts on twitter at cspanwj. N facebook, facebook. Com cspan if you want to send us an email, journal cspan. Org. A lead editorial take a look at the 10 Year Anniversary, entitled, are submerged city has risen, lets reach higher. Host again, that is from the editorial this morning. Editors go on to say, broad statistics do not capture the reality for everyone. New orleans is suffering from a and 27 ofrate residents live in poverty. There are great Economic Opportunities for some, but many others are being left out. , and despiteorking postkatrina gains, there are rate schools for students. Again, that is out of new orleans today. The 10 Year Anniversary of the flooding of that city, also mississippi as well. For the threehour program we have today, we want to hear directly from you. W