Economy. The big driver for todays selloff is retail sales despite deep discounts, lower gas prices and a robust labor market. Combined with more volatility and oil prices and a lower forecast for Global Economic growth sent stocks on another wild ride. The dow cut an early 350 point loss in half ending the session down 186 points. The nasdaq lower by 22 and the s p was down 11 points. In the bond market the yield on 30 year treasuries hit record lows while the yield on the benchmark ten year note hit the lowest level in nearly two years. Crude bounced between losses and gains spiking higher into the close, up 5. 5 to 48. 48 a barrel, its biggest one day percent gain since june of 2012. With gas prices down and retail sales falling, what is the state of the u. S. Consumer right now . Steve liesman takes a look. Reporter plunging oil prices raised a few economic puzzles. First, since the u. S. Is now a huge Oil Producers, wouldnt it be a drag on the economy or a benefit . Second, and th
Pedaling. They said if there is a too prolonged period of low inflation rates, it will also consider unconventional instruments. And back in fashion, shares of luxury sales beat in the First Quarter. The best Clothing Sales were posted in three years. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to todays program. To the trade here in europe, 82 advancers currently out pacing decliners. It seems more dovish than we might have thought because they didnt talk about the time line between the end of qe and when rates were going up. Now appears that janet yellen saying six months was an off the cuff remark when they talked about a considerable time period between the two events. Thats helped u. S. Equities up, asian equities up, despite chinas export data was down for the second time in march. The ftse yesterday was up 44 points, up another 49 this morning. 0. 75 higher as is the xetra dax, the cac up as well as the italian market up as well.
Big miss. Well speak to the cnbc. Ukraines government says it will act to eliminate militant groups in the east of the country in the coming days. Youre watching worldwide exchange, bringing you Business News from around the globe. Thanks for joining us today. Let me just dive in to some eurozone flash pmi numbers just crossing currently. The flash number is at 53. 3 in the month of april. This is slightly higher than forecast. The markets expectation about 53. 1. This is also slightly firmer than the march reading back at 53. We are seeing a slight improvement in the right direction. The instant reaction in euro dollar has been a dip and then positive again, up 0. 2 on session. 138. 29 the current level. Diving into the numbers on the services side, the flash number at 53. 1. This is better than forecast at 52. 5 was the level the market had expected. Also just on the manufacturing print, 53. 1 was forecast but that number coming in at 53. 3 as i mentioned in april. Numbers better tha
Welcomes a royal son. The newest member of britains royal family could his his first public appearance today. The big question, what the babys name will be. Favorite is george as far as names are concerned. Second on the list is james. Im sure well have some sort of web contest. I hear they may name the boy spike. Southwest Airlines Flight clansed landing at Laguardia Airport. Ten people were injured. Thats scary. Pope francis has begun his sevenday visit to brazil. His visit has already been marred by a security lapse. The driver reportedly made a wrong turn and reaching in through the open window to touch him. A week after his acquittal, George Zimmerman helped rescue people from an overturned vehicle on a florida highway. It is coincidental it happened so soon after the verdict but this is how george is. Braun violating his drug policy. Suspensions will follow. Farina died. Saving private ryan and get shorty. A couple of divers almost became dinner. Heyward. He made the catch and th
His name is slightly altered, do. Its not, but i have great sympathy for an organization when they go back to an Intelligence Agency and get stiff arm three times in a row i dont know if thats the case, thats my point. I think it is relatively common, but again what it is in this case or in a case there will be cases the fbi closes. How do we spread that responsibility, share that with the state and locals so of the resources can keep an eye on it and how long . Right now the Fusion Centers frankly are not doing a great job of picking that up because we havent told them to do that. The jttf rules make it difficult, not impossible but difficult for the information to be shared so the mayor of new york or ray kelly or ed davis or the Cambridge Police chief can decide, you know what, this is worth my time and energy even if its not worth the fbi. We dont want the fbi making that decision. We want the state and local authorities making that decision because they know if they want to guard