European markets may give a sense for us as to what we can expect. Kind of a mixed bag with france down the most. A half percent there. Tenyear note, crude oil all important. The yield up since last weeks employment number and crude is a key. Jim and i will discuss that through the show this morning with wti. Holding steady, if you will, above 40 at least by 75 cents. Lets get to our road map. It starts with that terror in france. Updates from across europe and the middle east. President obama and french president Francois Hollande both set to speak this morning. Plus how the markets are reacting. Futures were down triple digits but as you saw theyre recovering as we approach the open. We have a deal for starwood, creating the Worlds Largest hotel company. Marriott buying it for about 12 billion in cash and stock. Ill give you the background, including what happened to hyatt, which was my story from a few weeks ago. First the world still reeling from the horrific attacks in paris on fr
Find out what traders promise to do differently in 2016. We do begin with the biggest market mover of 2015. It was oil. Crude down 31 for the year, and Overall Energy stocks have dropped 24 . Many of them oil and gas names down more than 50 . The center of the action all year. Jackie, we are actually seeing a pop in oil today. What is behind the reversal . Hi, mandy. We are seeing the pop, and part of that was expected as we headed into the long weekend. Part of it is also coming at the same time that were getting headlines with some geopolitical implications here. That is in response to the Obama Administration reports that they are preparing new sanctions according to sources here. You can see that oil prices took a sharp turn higher at that point. Wti now over 2 higher at brent and now 2. 5 higher, and brent is now over wti, which makes sense as a result of these headlines. Its really about the outlook, what trade rerz saying. Its a supplydemand issue. On the danned dee manned side,
A bit. No real direction here. Julie hyman has the latest. Perhaps investors waiting for the jobs report. I think that is a safe that, people waiting for the next shoe to drop or shoe to kick or two helpings or hurt things. Penny on what the numbers show. A tightave been in range throughout the day. It is interesting. You see the tao of 2 10 of 1 . What you see largely today is the smaller stocks have been outperforming blue chips. You look at the s p midcap index, smallcap index, the russell now falling back a little bit here are largely today, we have seen an outperformance from the smaller stocks. Throughoutp itself, the session we have seen an amount of housing around and you can eat here crossing above and below many times throughout the day. It has been a jerking a long kind of day. It has been. And commodities, it is not just about oil today. It is not just about oil but oil itself has seen a lot of volatility today. All over the map as well. Similar to what we are seeing in sto
The exchange. Stocks currently moving back up towards highs of the day. Bob, okay, it is a rally but how low is the conviction at this stage . This is a rally but not with a lot of conviction. We need a little more buying enthusiasm. Were not getting it right now. But still 200 points, nothing to sneeze at. We had a nice move up prior to the open because productivity numbers were better. We are now approaching the highs for the day. Little bit of a midday rally. Lets look at the markets in the middle of the day. Right now 3 2 advancing to declining stocks. Heading towards 2 1 very shortly. Moving in that direction. Volumes been moderate. Not saying this is heavy. This is the lightest volume since weve had this volatility. Speaking of volatility, vix is below 30. Just a few points moved there. Dow leaders, fairly broad advance here. Home depot is one of the few dow components up this quarter. These are nice advances. Just not seeing much volume. It is not a normal volume day for most of
The etfs that follow those stocks getting beat up right now, folks. So is this an entry point potentially . Stocks are falling. So is the rain and snow. A noreaster is here. Big storms out west. The forecast is coming up. But first, my friend simon hobbs. And it did feel quite stormy at the open. Stocks suffering their biggest drop in two months. Though we are off the lows now. On oil, at the moment, currently trading at 66. 49. So slightly higher on the session overall. Nine out of the ten s p sectors are down. Utilities, energy is up. Lets get to the trading action this lunch time on the floor with mary thompson. Its become more of a broad markdown. Thats a good way to put it. Coming into the session, you had concerns about some of the global selloff that we saw in the other overseas markets and warnings here in the u. S. Im calling this a bit of a turnaround. I was speaking to a strategist and he said things that were working are no longer working. The question is whether this is a