Banks. Bit ofwe are seeing a unusual action and commodities after the rally. We are seeing a steep come down today. The bloomberg Commodity Index having its worst day since. Urglary nine, down 1. 8 9 worst day since february mud down 1. 8 . Down after aces climate inventories that have been steeper than estimated. Over 9 Million Barrels added to u. S. Inventories last week. Gold futures also lower and copper also taking a hit. It is not only about the inventory number, its about the strength we are seeing in the u. S. Dollar. The euro and pound are falling burst the dollar, the dollar strengthening versus the japanese yen. Ofheard from James Bullard the Federal Reserve speaking to Bloomberg Television and radio. Once again raising the prospect of a potential rate increase sooner than some Market Participants had been anticipating. This adding to the commentary weve been getting recently from other fed officials to that effect. Commodities and the increase in the dollar, what does this
The changing of the guard alibaba. The company having its best day since the company went public but will new blood help turn the stock around for the long term. Well ask that question. New developments you just heard in mcdonalds plan to turn itself around. Yes, kale is part of the idea. The new ham burglar. Even james franco has been weighing in on the role mcdonalds played in his early career in life. Cant wait to learn more about that. We are watching the markets though with just an hour going into the close. Stocks are near session highs. They opened in negative territory this morning despite the fact that jobless claims came in near a 15year low. You are looking at the dow up by 109 points. S p up by 10 points. Good for. 5 prp the . Interest rates and the european moves have been a big story. Oil down hard today, pushing transports higher. Lets get to our Closing Bell Exchange today. David kudlow from Mainstay Capital Management back with us, cnbc contributor Heather Hughes from