Here, a gain of 10yr yield of 29 we are going to find out what happened this quarter and the role of ecommerce is playing qualcomm gets a new deal. Well give you the latest of qualcomm well be talking to qualcomms lead director, tom horton and tyson foods ceo will also weigh in on chicken shortage in europe they are poised to open lower as we begin a holiday trading week markets rekofcovering a lot of their losses since the february 9th lows now, we got this great debate between black rock or Morgan Stanley whether the february selloff was a taste for what to come or is tax cut going to help earnings in the big way. It was the advertiseradverti, right . I have been away in two weeks and my first time back a lot has happened there is sort of a rethink in terms of multiples in light of yield. Today we have a situation where we got the 10yr back approaching 3 and futures are in trouble and walmart is not hurting the situation. It is the whole debate of what you pay for stocks at a time wh
It was a good day. European markets have been reacting to the day we had on monday and, they are all losing to the tune of lets call it over 2 you can see germany dax have been particularly weak not just yesterday but last week as well. The german what they should be higher than ours, their central bank loves to try to take business. They have not reached those negative rates yeah. Speaking of rates by the way, it is such an enormous concern i guess of our markets as we watch the 10yr hits a 4 and 5 last week on job number on friday we backed off on the yield as you can see that upton pri o price. Oil, that hurts now, on our road map this morning. It starts with the global sell off and the markets around the world. U. S. Futures you saw it pointing to another big day of potential losses with the stock market plunging of just whats driving this decline and what are you doing to protect your portfolio. Well look at whats taking the biggest hits or find any bright spots thats out there it
Were declining again today. More on the catalyst markets moving lower guys, what do you think is causing all this, and, joy, what are you doing today . First of all, i dont think this is over in the short term if you want to be in the markets, this is clearly more of an active traders market. Apple, when you run the quantitative model, you can take apple, we all know the fundamentals are fantastic thats what ive done. Yeah. But youve seen the range expansion and the volume increase again, thats for a trade. The larger narrative is about whats going on in the marketplace right now. Its elevated volatility why is the volatility elevated i think a large component of that is the breakout window were in for corporations where they cannot do the buybacks, so that period is going to end in a couple of weeks. I dont think its over, but if you have a longer time frame, this is what everybody is talking about. Everyone wanted a market decline. Well, okay here it is finally. Its upon us. And then
Again. Im Brian Sullivan power lunch tees off right now. And welcome to power lunch. Im melissa lee. The major average giving up gains. Dow and s p, russell 2,000 small caps did soar to record highs but now looking at losses across the board. The dow managing to hold on to ever so small gains. Commodities are crushing it and oil at threeyear high and copper and gold soar the dollar at a low. Saying a weaker dollar is good for u. S. Trade transports getting slammed led by united. The airline down 11 on pace for the worst day in four months on fears about a price war. Got much more on this coming up. Michelle. Thank you. Im Michelle Caruso cabrero live in switzerland where the trump tax cut and the surging and Global Economy are front and center well talk taxes, trade and whether davos is ready for President Trump to arrive on friday and michelle, on this multicon innocent, over the next couple of hours you will meet four managers who are the sole of consistency. That is why they have be
Creditors what he called terrorism. Meantime, greek banks remain closed today. The atms are running out of money. The ecb is holding a Conference Call today tole try and decide how long to keep a life live at the banks. Meantime Germanys Angela Merkel will meet with Frances Francois hollande today. And theres a meeting of creditors today. We were talking before the show it just is confounding to me just watching it happen. It almost looks like you get so defiant at some point, youd almost rather inflict your own demise, than have it inflicted by somebody else. And i think thats part of what happened here. Merkel saying by the way, she thinking the greek Prime Minister basically drug his people into a wall. If youre a creditor if youre a socialist and smart money like thought that would never happen. Once it happened i guess all bets are off. You cant assume that theyre going to have some sort of all attitude about in the middle east, about democracy, no longer do i think we can expect