And with the nasdaq in particular, we see a flip from positive territory off of two days of calls from monday. Down 1. 3. Accelerating losses by 1. 8 . Bloomberg so iy can show you the imap function. You can see all 10 sectors in the red, as it has been for most of the day. Telecoms ared down. Also take a look at what is happening with the majors here today. We have come off the positive territory. Less than. 5 . The dow jones Still Holding on to those gains by about. 4 . Lets look at what is happening with treasuries, specifically the 10 year. Down asear yield is traders pile into it now. Carol the yen has been in focus. Ramy right now, the yen is at the strongest point against the dollars october 2014 for top there is a safe haven appeal there. Dollar will get you ¥108. Gold seeing it best day in three weeks. Pushing traders into the safe haven right now. To watch that has been moving to a course of the day, i want to go to tesla. For the first time in six days. We are potentially s
,anager is betting on beijing 2016 will be good for china and investors will be sorry they are not there. Do follow me on twitter rishaadtv, and dont forget to include trendingbusiness. China, hong kong markets underway in 30 minutes. Lets have a look at what is happening. The day after the fed, and asian markets are liking the sense of patients conveyed in that policy announcement. Snapping three days of declines for most of these markets, i continued rebound in crude oil as well as basic materials. Gains, the extending kiwi dollar surging since the fed left policy rates on hold. 225, ahead of the boj announcement. 56 expect some form of additional stimulus coming be furtherether that cuts into negative rates, etf of lying, or potentially negative rates for loans, which means lenders will be paid by the central bank to lend. ,traight times index up malaysia adding negativity to the regional look at the moment. Lets take a look at some earnings stock reactions. A 4. 4 decline in firstq
Playing field when it comes to safety and safety recalls. Last were we succeeded in getting legislation passed in the Republican Congress to prohibit rental Car Companies from renting out cars that are under safety recall. So if you have a rental car company with a fleet over 35 vehicles, it is starting in june going to be a federal crime to rent out a car with an open safety recall. But taxicabs, limousines are regulated at the local level. I dont think they even check when they do the annual inspections to see whether the safety recall work has been done. We have been looking into this, and weve been asking reporters to ask, and weve asked uber and lyft, you know, what do you do about safety recalls . And from what i can tell, from an article in the american prospect, they require the owners of the car itself to certify. They could check the vin against the database at the national Highway Traffic Safety Administration and say to the owner, youve got an open recall, we dont want cust
I see a letter and i want it to be black and no colors that i want to turn black i see the girls standing there in their summer clothes i have to turn my head until my darkness goes good thursday morning. Welcome the squawk alley. Kayla tausche is live for us at 1 squawk alley and shes han a exclusive with jack dorsey on the closing bell, and meanwhile jon fortt and myself at post 9 and Henry Blodgett ceo and finder with insider h, and a lot to to get with us. And start with the alibaba shares after the revenue jumps 39 helped by the gross merchandising value, and that is after jim chanos at the sohn conference say said that he is shorting i. We are short. We are short because of accounting reasons, and we have question questions about the met u ricks and real questions on the cash flow, and most importantly, the biggest part of the business which is the fulfillment part of the business delivering the package is unconsolidated on the financial statements, and we dont see how profitable
Growth and uncertain growth. The aussie dollar is falling sharply on that news. Australian stocks, on the other hand, rallying more than 2 on the news. In asia, japans markets were closed for the Constitution Day holiday. Chinas Managers Index shrinking to a 14month for its 14th month coming in below forecasts. A bit of a mixed picture. Shanghai compost up 2 . And hang seng almost the lower. All eyes on . Yeah, go for it. Moving forward, in pretty negative territory. And germany is lower than 2. Ftse lower than 1 . Italy and spain off by more than 2 perhaps because the eu trimming its 2016 growth forecast to 1. 8 from 1. 9 . Its 2017 growth forecast from 1. 9 to 2 . Also cut Inflation Forecasts despite their efforts to do Everything Possible to try to lift inflation. Watching european financials, ubs reporting a sharp decline in management wealth business. Which was supposed to be all the european banks going into wealth management, they were going to be smoother when it comes to their