And yet the resiliency is relatively strong. We have got stabilization today after those big swings we have seen over the past couple of sessions of at least 1 in the s p. Now we are not seeing moves that are quite as large although the nasdaq is rising to the highs of the day, up three quarters of 1 . We are seeing some of that volatility come out of the. Arket in terms of drags, volatility is here to stay when it comes to oil prices. We have Weekly Oil Inventories creating a spike in oil and then a drop. It is down 1. 8 and that is because on the one hand there was an unanticipated drawdown in Oil Inventories on the weekly basis. That was a surprise. There was a huge drawdown last week because of hermine and there was expected to be a bounce back. There was a huge increase in distillate inventory. T was what is pushing putting pressure on oil and oil is down as a result. Thehe flipside, one of biggest supports for the market today is apple which is contributing more than two and a ha
Copper by. 7 copper down by seven on a downward trajectory. The likes of australia. The dollar down by. 5 . The fx i want to talk about is if the british pound. 68 billion pounds worth of m a coming forth. That is going to drive up the target sterling. Pounds, mega brewing deal. Will own company that half of all the profit and the entire bear market. One in every three beers is sold by this juggernaut. They like the fact that they are able to get there clutches on sab miller. What assets will they have to sell . Have to dispose of joint ventures in china and america . That is what we are going to have to take into. Wait for that stock. Back of getting a new chief executive. A boston bred man. Back to you. Jonathan Caroline Hyde, thank you very much. Well keep an eye on sab miller. Asia, ugly data out of china. Lets get to juliette saly. To you. good morning that import data out of china really disappointed. Mports falling that is seen quite a bit of weight. Weighing on the Australian D
Falling short yesterday. Adp helps, up 281,000, above estimates, strongest number in almost two years. Tenyear yield crept up to 26, two days in a row now, the fed may fall behind, and yellen speaks at 11 00 a. M. , and u. K. Home prices surpassing the 2007 peak. Road map begins with dow 17,000, index closer to the landmark. Will that better than expected adp number get us there . Dimon diagnosed with throat cancer plans to run the bank as normal during treatment. Google buying songs for an unus closed amount. Gopro going negative. Stocks setting up for the first down session since going public. Dow inches closer to 17,000, new record, and s p and nasdaq at new highs, adp surpassed expectations ahead of jobs thursday, tomorrow. Improving by 281,000, estimate was 205. May unrevised. Economists do not tweak models on adp anymore because of new methodology, but its better than the alternative. The surface jobs, well, where were they created . I dont see them in retail. I dont see them in