Stocks and bonds telling off after u. S. Inflation came up for a third time in a row. Next up, its all about the ecb. Rate cut bets getting paired. Volatility surges in the euro. We are live in frankfurt. Oil back in focus as the United States warns of imminent strikes on israel by iran. Negotiations on a cease fire are ongoing. Quick check on the markets as we digest the geopolitics and Monetary Policy. Futures, a little bit of outperformance in europe. I say this with a wagon of caution here. Youre a stoxx 50 futures unchanged after a major selloff in the state. Europe also outperformed in yesterdays session. How much of that is a reflection of what we may hear at the ecb today . Things seem virtually unchanged. 5208 on those s p contracts. Lets talk about the cross as i picture as well. The bond market is fascinating here. Weve crossed 4. 5 on the 10 year yield. You are seeing a bid into bonds this morning. Again, a move above 4. 5 percent. 20 basis point move in just one session. T
And you can be part of the conversation as donald trump accidentally tweets the wrong theresa may in row over anti Muslim Videos were asking what has been your worst social media slip up. Tell us your story just use the hashtag bbc the briefing. Starting with the detail on the us president. Donald trump has hit out at the british Prime Minister, after downing street said it was wrong for him to retweet anti Muslim Videos that were posted by a british far right group. The us president suggested that theresa may should focus on tackling terrorism rather than on him. Laura bicker reports from washington. They may have held hands once at this so called special relationship is now being tested by a series of president ial tweets. First, the account of a far right anti muslim group called britain first, donald trump re tweeted three in monetary videos to his 43 million followers. Inflammatory. The first showed a muslim migrant attacking a man on crutches. When challenged, the white house sai
Good morning welcome to Worldwide Exchange on cnbc. Im dominic chu. Im seema mody in for wilfred frost and sara today this morning we are seeing some red after a big green day yesterday. You can see for right now we have an implied open on the dow of down just about 180 points. The s p indicated to open down by 16 and the nasdaq down by 29, 30 points. A nice 410point gain for the dow yesterday maybe sets things up for a breather today. Well see if that selling pressure holds steady or gets exacerbated. The tenyear note yield, a bit of a bid to treasury bonds, so yields are lower this time yesterday we watched and saw the tenyear treasury note yield around 2. 88, almost 2. 89 . You can see now 2. 83 is where we stand on that u. S. Tenyear treasury note. Lets look at stocks in asia overnight. Asian stocks closing higher with the exception of japan, which closed lower by 0. 7 thats due in part to the rising yen. You can see a strong move for the shanghai composite the kospi higher by 0. 4
Heading south. Look at this. Interest rates, well, they have come down, way down from where they were this time yesterday, it was high Interest Rates that in part spark the selloff, now they are way down. Lets be clear on this tuesday february 6th, you will see nerve ramming ups and down. Maybe some perspective is required. Number one, nobody is forecast ing a recession. Number two, a pullback is in evitable after such a powerful and unbroken runup. Three, all of the gains from 2017 are intact, its just the gains of 2018 that weve lost at this point. Number four, as of now, stocks are cheaper than they were 24 hours ago but profits are still going up. Now you are going to be hearing a lot of noise from the left, they are eager to Society President trump with anything thats negative. Ignore it. They are grinding an ideological to beat up a president they cant stand, we will tell you exactly whats going on and theyll be some advice too, Varney Company is about to begin. Stuart well, talk
Been near 0 and feds been printing money like never before jay powell has to unweekend that without damaging the economy. Lets see how that Opening Statement is being received on the stock market. Fairly well, dow industrials and the s p 500 and the nasdaq they will all open ever so slielgtly lower. Remember, this follows two day of gigantic tbains. Theres other news, fedex will not join the boycott nra movement that is intimidated several other Big Companies and the state of georgia threatens to take away a sales tax benefit from delta if that airline continues its nra boycott. The state to play is this, boycott that will be hashtagged boycott nra as politicized business. And it is trying to silence anyone who supports Second Amendment rights. And then theres the nfl. Commissioner Roger Goodell will reportedly demand 2 million from cowboys oiner jerry jones for his activities during last seasons anthem protests. That is not over. But Varney Company were about to begin. Stay there plea