Stronger dollar and slowing Economic Growth overseas. Foreign ministers are said to meet in germany for a fourway summit on russia and peace talks aimed at ending military talks Angela Merkel is warning a lack of progress from russia. And the ruble dropping today. Well show you now. And millions of french citizens taking part in an historic march this weekend to pay tribute to victims of islamist militant attacks. A line of World Leaders lead the way. Arms link. Among them israeli Prime Minister and the palestinian president all together. No high ranking u. S. Officials took part. That lead to a lot of criticism. Well have a live report from paris. You saw here covered on the daily news this morning. Sunday more than 40 leaders watched none of the men showed up. The news said you let the world down. So there it is. Some people say eric holder, by the way, was in paris and didnt go to this. I dont know what that says about i dont know. I saw some stuff on some of the websites that said
We saw this when stocks looked like they would run with the bulls. When i fired up the pc at 3 30 a. M. It seemed like our market was about to explode up perhaps as much as three quarters of a percent. Since every major stock market was roaring and oil was drifting down, not a lot of fervor. And then a parade descended on this market like a flock taking everyone by surprise. First oil rolled over in a big way. I will tell you about oil later. Every time oil gets pounded not a gentle push but a genuine beat down where sellers are giving it the business you get a huge slug of selling just about everything. Only the restaurants and bio tech were spared because restaurants are viewed as beneficiaries of lower prices at the pump. There is a lot of deal making at bio tech. We have a box of morton salt and a sack of mrs. Dash poured into the wounds by Goldman Sachs. It is one bullish forecast for oil pretty much in half as news trickled down of that bludgeoning. You could tell crude would dro
How long will it last . And the trouble with twitter. The u. S. Central commands twitter account, as you probably know hacked. Its not the first example. At what point does it make no sense for companies to have twitter . Which ones should stay on it . Well talk about that and more, but, first, lets check in with sue at the new york stock exchange. Hi, sioux. Hi tye. Stocks are surging as we kick off the earnings season. The dow up triple digits about 145 points on the trading session. Make that 147. We were up more than 280 points earlier on this morning. A lot of volatility in oil, and thats one of the factors in this market today. Many others as well and bob pasani joins me on the floor of the nyse to give me some details. We were up more than 200 points and once again, chevron and exxon came in and was a drag on the overall markets, but were Still Holding up pretty well, and tech is having a great day, including down stallworths. Cisco having a great day as well. These are big move
That gains ground or sheds point in a heart beat as it did today with the dow sinking 171 points s p falling. 84 and the nasdaq declining. 68 you might think we plummeted off todays labor report that huge big number, but ill explain later, those strong numbers, it was actually terrific for stocks. I think were trapped in the irrational world where a sharp decline in oil like we had at one point today gives scared cats a reason to. Sell sell sell. Stocks. There is where individual earnings reports can have a big market so when bed, bath and beyond and macys and five below posted disappointing sales, it caused the retail to give up the ghost after two days of out sized gains and that spilled over the pin action to the rest of the market. Yes, individual earnings reports are being magnified and reverberate throughout all stocks and the impact will get more powerful. So let me give you my name plan to guide you through the first week of this hallow ground. Pressure is on alcoa. For several
Time since 2002. We break that data in under 30 minutes times. Lets look at stocks. They rally after the u. K. Supermarket oust. German rival metro beating expectations on its consumer electronic division. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. All right. Oil continues to dominate the investigator discussion. Oil taking another leg down with wti and brent both slumping around 2 . Near a six year row. The iranian president delivered a fresh warning saying the dramatic drop in prices not only hurts iran but other producers including saudi arabia and kuwait. They defended the decision saying prices would stabilize at profitable levels. He also said the organization had no plans to meet before the next scheduled meeting in june. You can take a look at shares right now of oil trading down about 3 in todays trade. Indeed and the dramatic sell off comes as china reported record crude imports next month. China also posted a better than forecast ris