Our road map begins with the markets taking a dive overnight. Dow off triple digits as the stock moves overseas. Disappointing data weighs on equities in the u. S. Earnings from ge honeywell and American Express have those stocks moving as well as another round of job cuts from schlumberger. Verizon announcing its breaking up the cable bundle into smaller bundles. The new tv offer weve got to explain coming up. Futures moving lower. Taking their cue from declines in europe. Here in the states Consumer Prices up 0. 2 due to Higher Energy cost. The core rate up 0. 2. Few things working against the bulls. We mentioned that crackdown on margin lending, the back and forth between greece and germany continues. Few downgrades today. Several Revenue Misses on large caps, as well. Seems to be a number of things rattling traders, including what was a glitch in the bloomberg system overnight delayed a uk bond sale. Never good news when you have a bad behind what happened in china and worries over
Forth. Look at oil, brent down and look at west texas, down. Major historic lows on a 2 slide in oil. Theres the euro dollar trade. The euro and the dollar inching ever closer though the year row is euro rowe is up. Sara iverson is in. Hi sara. Hi. The british, german and french markets all up nicely. Lets bring in bob pisani. Whats up . Normally we have that kneejerk reaction. Thats not happening today. Lets take a look at the s p 500. This is pretty strong rally that weve seen. It helps to have euro weaker euro strongering dollar weaker. This is one of the rare days. Thats helping here in the United States. We take a look at europe though. That kneejerk reaction. Youd think theyd sell off europe. Another high for germany. That didnt really happen. Obviously when you have q. E. Occurring that trumps everything. As for the stocks here in the United States, look at the dow movers slightly the expensive tone. Youve got United Health and stocks leading overall. Still pretty good. Far more
After mettling around through most of this week barely going anywhere. They get a third of a point increase. You can take that to the bank slightly but the volatility over the last five trading sessions has been next to nothing. Were looking at that with the futures again. That feels like summer. The weather yesterday does not feel like summer at all. 57 degrees yesterday. But you know what the ocean temperature is here. 50s. Yeah. So enjoy that weekend. Buying is going to be lou i can today. Probably not super strong. Lets talk about the big stories were watching this morning. The bank of japan keeping its monetary stimulus unchanged as expected. Also slightly revising up its assessment of the economy. Lets tell you whats going on in europe. German business moral weakening in may. Thats the first decline since october but the closely watched survey remained at a high level overall and then mario draghi was beginning a speech in portugal reiterating his call for euro zone countries to
Hour, if you take a look, youll see right now they are indicated higher. Theyll open up by about 32 points. Plus, take a look at oil pries this morning. Youll see at least right now theyre trading down slightly, down by about 42 cents. Youre looking at wti trading above 106. Right now, 106. 48. On todays agenda, the may consumer Housing Starts coming up and the fomc begins a twoday policy meeting. Andrew, over to you. Thank you, becky. I feel whippinded. People that have not done this dont realize the feeling that you can have. Where youre running and then you have to talk. Really bad idea. And i will say 90 seconds ago, none of us were on set. I always move a little slow. Its frightening, too, because you have to key breathing. Its a real panic. Thanks for putting that out there. We were laughing so hard. Anyway i was trying. I was trying to use the natural breaks. You can take your time coming back. Relax. Well continue that in just a second. Lets get you caught up with some of the c
After its launch, why are two major drugstore chains disabling the technology . We have all that and more tonight on nightly Business Report for monday, october 27th. Good evening. And welcome. The price of oil has always had an outside impact on the economy, on the stock market and on consumers. Remember how careful you were about driving when gasoline was up above 4 a gallon and not so far ago . Or where you set your thermostat after getting your home heating bill. But right now with lackluster Global Demand and Oil Production especially here in the u. S. At a peak, gas prices are near a fouryear low. The price of crude has fallen roughly 25 since hitting a high back in june. And thats added to the volatility in the markets and worries now about how low oil can go. Today another sharp pullback in oil prices. For a time they even dipped below the 80 a barrel level before they recovered. At the close, oil was basically flat. And exactly 81 a barrel. Jackie deangelis has more on Falling