Im guy johnson. Francine lacqua up in the next h our. The data breaking out of the eurozone. We did the composite market eurozone pmi data. The february number a little better than surveyed. The survey number 53. 0. That is a service line, composite line. Better than anticipated. Good news for mario draghi. Were also getting audi coming through. The 2015 profit fallen by 6. 1 . It sees moderate unit sales growth. Read through and see what i can see in terms of details. Expenses in terms of the technicals for audi, a little bit ahead of expectations. And as you can see there is the audi webcast. And well continue to monitor what is said. This is vws luxury division. What will the read across before mercedes and bmw . Those guys report in a few weeks time. Lets check in the european equities. The rally starting to fade a little bit. Un surprising after we seen such a decent move to the upside. A decent move in equities over the last couple weeks. The euro stoxx 50 under down by. 5 . Lets
Gaining a relative term there because we havent seen much in the way of gains. Materials and Energy Financials have been the trio weighing on the s p, particularly consumer discretionary. If you look within that group, weve got a potential deal spoiler making a competing bid for starwood. It has now peaked above it. Starwood had agreed to and acquisition and trip advisor, there is some speculation there. International getting an i should mention that one caveat for the gains we are seeing across the board is that it is on very low volume. Ere are the groups on the s p you can see a drop in volume on telecom, energy and industrials below there than 25 average. So we are not seeing as much action today. Oil capping the gains today . We are seeing a selloff in oil today lets take a look at oil prices. A decrease up off the lows a little bit but a report saying iran is not ready to freeze reduction. Damper ontting a things in recent weeks. Now a look at the bloomberg weve got the uti in ye
Yields are higher as well today. There you see the twoyear note at its highest level since january 14th. But we begin with a bombshell of a story in the energy world. Former Chesapeake Energy ceo Aubrey Mcclendon charged by the Justice Department with conspireing to rig bids. Chesapeake putting out a statement saying it has been actively cooperating in the investigation, end quote, and does not expect to face criminal prosecution or fines related to the matter. Mcclendon responding on his own behalf saying, quote, the charge that has been filed against me today is wrong and unprecedented. But mcclendon left chesapeake three years ago and is one of the owners of the Oklahoma City thunder basketball team. Joining us, the reuters reporter who is part of a team that first broke the story, hes been working on it for a number of years and joins us now. Josh, thank you very much for joining us. Get to heart of the matter and what i find most interesting peculiar about this, that generally in
This morning, and Aubrey Mcclendon, the former ceo of Chesapeake Energy, was identified by the Oklahoma City Police Department as being the victim in this onecar accident that occurred on a country road in hockey hockey city. Here is what paco baldarama had to say about the circumstances surrounding the accident. He pretty much drove straight into the wall. The information and evidence out there at the scene is he went left of center, went through a grassy area right before colliding into the into the embankment. There was plenty of opportunity for him to correct or get back on the roadway and that didnt occur. He went straight into the embankment and collided in it, and ultimately he died from his his injuries, we believe. Reporter he was the only person in the vehicle which burst into flames. Keep in mind, this accident comes one day after Aubrey Mcclendon, the former ceo of Chesapeake Energy was indicted on allegations of rigging gas leases from the years 2007 to 2012 while he was c
Heres more breaking news, carson will not join the remaining four republican candidates in michigan tomorrow night for the fox news gop debate. He will give an update on his campaign in a speech on friday. Ohio Governor John Kasich planting his flag in michigan at this hour which holds primary in six days. Live pictures of kasichs town hall hes holding. Theyre meeting in grand lake, michigan. Carsons decision notwithstanding, former reagan adviser ed rollins thinks the gop race is game over. Hes issues a warning the gop is about to be torn apart unless one thing happens. Joining us live along with lou dobbs. Jim gilmore dropped out of the race three weeks ago, gilmore and former tennessee governor with us live on what happens next. March 2nd with the markets not at all like march 1st. Investors taking a breather following one of the best days of the year. How good . Paper gains of more than half a trillion dollars yesterday, but the dow straddling the flat line, its crossed the unchang