Hike . What if oil is back . What if things are Getting Better in china . What if the issues with volkswagen can be contained . These questions explain how the markets advance can continue. Roaring 314 points. Nasdaq climbing 1. 56 . Weve got a trend going here. Weve got to talk about it. All of these whatifs would have been ridiculous to discuss a week ago. Suddenly good news is busting out all over and we cant not talk about it. The facts are changing pretty rapidly. A few weeks ago the fed was on track to tighten. Lo and behold they did get in the way with that very weak employment number on friday. That might have been a shocker to those who kept talking about the need for the fed to raise rates. Now, its no surprise to anyone who has been listening to our companies have to say. Theyre being slaughtered by the superfreaking strong dollar including dupont, in part because everybody expects a rate hike. Everyone should have known that the economy is weakening and weakening fast. That
Decline on the day of the dax in. 8 , asdown 79 points, well. The russian ruble is falling after the central bank there held the benchmark rank and changed for the first time this year, at 11 . 68. 08 to six. For the brazilian real continues to trade a little bit lower, unchanged at the moment. That country getting downgraded yesterday. Financial markets in trouble there. The euro going to 1. 1270. The yield in the yes, dust in the u. S. , 2. 2 to the fiveyear 73 basis points for your twoyou appeared we watching reaction to Goldman Sachs suggestion that oil could go as low as 20 per barrel. Not the best case, but they say it could happen. If supply does not drop faster than demand. Now, west texas intermediate, 44. 70. Brent crude at 47. 71. A lot of chapter this morning about the 11 republican candidates who will appear in next weeks primetime president ial debate. Among them will be Carly Fiorina the former hewlettpackard ceo not among the 10 candidates they for the main debate last
Well show you how this thing works. She, lets put it this way, she lights up when there are germs in the room. The market is a big story. The dow and s p 500, there they are, heading lower right now a lot of head funds. Though, sue, given the record of some of these hedge funds this year, im not sure im paying a lot of attention to them. Its the complexity of their holdings, ty, that has everybody concerned. Specifically the worry is over the drop in the junk bond market. Many big names in the Hedge Fund World are saying watch for an imminent spillover into the stock market. We might start to be seeing it now. Theres a lot of talk about this on on the floor of the new york stock exchange, and those highyield bond etfs kate kelly, tell us what you know. Sue, junk bonds of seen by many as sort of a frontier investment. But theyve been pleaing the junk bon etfs, the jnc has dropped more than 3 . Amplifying results and also let alone other things. The pressure continues to be on. Including
And a greece exit of the euro weighing on futures this morning. Mcdonalds struggles continue. Asia continues to drag on results. And twitter now lower in the premarket. Were going to get jims take on those earnings from last week in just a few moments. But first up futures falling as we enter a new trading week. Greeces new Prime Minister vowing to roll back austerity measures and ruling out any extension of an international bailout. Eu officials pushing greece to stick with those terms. Also chinese trade data showing exports fell 3. 3 last month while imports tumbled by almost 20 . Meantime, the dow is coming off its best week since january of 13, a 3. 8 gain. For the year, jim, dow is up one point. Right. One point. Youve got to give us something good overseas. There isnt a single area other than maybe india, where youre getting any good news at all. China the import export numbers were not good. Whats going on there in china . I mean knock knock, whos there, no one. Theyre importin
Immigrant populations. It is just huge the effect that will be unleashed for the country and thats part of why you know business is so strongly supportive. I agree with that. I think the argument that were missing is an argument an economic argument that connects with the average american. Levels are low compared to theyre compared to the years carter was in office. What we need to show americans, immigrants dont take jobs away from American Workers, like some people think. They actually help create jobs, good paying jobs for americans. Thats an argument that resonates with americans. I think we need a populous economic message to American Workers to say look, dont fear immigrants. Theyre actually helping create jobs for you. If you have people in the kitchen, cleaning dishes it would be very difficult to create good paying jobs for waiters that are going to be taken, jobs taken by americans. This is a very Important Message that we have failed to make. And thats part of the problem we