The tricky thing is figuring out the cattle last figuring out the catalyst. Job and we see the market only down 0. 9 on the s p. It felt much worse. Varian tends all day. Big selling over in europe. Definitely one of the worst days we have seen in a wild. Scarlet this particular rally started overseas. A pretty steep selloff. European stocks hit particularly hard. Most sincehe february, and volatility actually spiked. And energy was one of the worst performers. Interestingly enough, inflows too the u. S. Bond fund rose 4. 6 billion. That is unbelievable. It sets up the whole dynamic. Joe bank that is a perfect segue into the daily check. Here is a charge we have been looking at all day, japan, germany, u. K. , record low yields across the board. Yields pretty much anywhere you look today. We saw yields lower. The 10 year guilt is at its lowest level since 1729. That is what we are seeing day in and day out. Pound took a leg down in the afternoon. Friday afternoon in a new york. Look at
States. Germanys Second Largest Bank plummets. Be the Second Quarter as good as it gets for the majors this year . And hope. Ow favoring an immediate stimulus to the uk following bmi weeks dire readings. Welcome to countdown everybody. Breaking e bit of for you fond people. Well ahead of the market estimate of 326. They raised a full year guidance. Sales numbers come in, just a little bit lower. If you want to understand what they think about polymers, this is the foams or car parts, the polycarbonate that goes into the top of your laptop cases. Course, it was divested, sold off as part of the buyer family. 64 stake have a in this company. And that could be useful do deals. To Second Quarter group level 7. 7 . Olumes up they say that the loans to repaid in be full. So top line is they are year the full guidance. Its by freedom. Freedom to make decisions in closing it systems, plants in brazil, and, of course, they are on target for cost cuts. A conversation a little later on in program
On day two, the buyers search through the rubble and decide what deserve to be trashed and what is actually treasure. Usually it would take week or months but not anymore. It is 24 hours. Not anymore. Including today. The recovery was down 89 points, the s p 500 declining by only. 02 . And i have a theory why we now get a second day comeback. In the old days, lets say a retail, give a horrendous forecast. The sellers would dump in anything that looks like it. But other companies in the sector, they might be in a totally different business. These days if macys blows up, everything goes down. Not just the Department Stores like macys which should go down. I think it is because of the commoditization. Put simply, almost every big capitalization stock is part of a sector based etf. The knee bone connected to the leg bone. Overrides whatever else might be happening to the individual companies. Someone is doing quite well. So lets take macys, the disastrous shortfall guidance cut. It reverbe
His new web video of his own describing what hell do on his first day in the oval office. Well beasking Katrina Pierson about the billionaire businessmans white house plans. And oils big drop causing chaos in caracas, basic necessities nowhere to be found in venezuela as toopec nation falls into a state of emergency. The former u. S. Ambassador to venezuela is here to describe the reality of the situation and its possible impact on america. Ambassador Charles Shapiro will be joining us. Plus, the very latest on the iran deal hearing. Were doing some wall street watching as well and, oh, yeah, charlie gasparino, hell break it. With less than an hour to the closing bell, im Ashley Webster in for liz claman. Lets start the countdown. Ashley well, a bear brawl for the markets today. Right now the dow off nearly 200 points, bouncing around around that 200point loss. Here are todays biggest movers. We call it the retail ice age. Whats going on . Lots of names in the Retail Industry continuin
Ecb rumination, digestion, whatever you want to call it. Interpretation is more positive. Stocks rising to the highs of the session with the nasdaq. Eading the gains a continuation of the upward trend weve had ever since february 11 when we had stocks make their bottom thus far this year. March setting up to be a pretty positive month so far. Map, a gain for the month of march of about 4 . That would make it the best month going back to october, breaking what has been a bumpy streak for u. S. Stocks come even though stocks were higher in the month of february. Also come in terms of todays sessions, the big gains we are seeing on individual basis here on a mixed bag between credit and financials. Wells fargo gaining along with the financials today. Weve seen this optimism that the ecb action will be helpful to banks down the road. Largecap technology rebounding as well. It is going along with the market on most days, helping lead gains and losses depending on which direction stocks go.