Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Orders the numbers are not pretty the dow on track for its worst First Quarter ever falling more than 20 Retail Stocks are front and center as the coronavirus handcuffs the once strong u. S. Consumer how long will the pain last . Well dig in on that this hour bob, we begin with you and the markets today. Good riddance to this First Quarter of second worst quarter s p history. This is why everybody is hopeful about rebalancing a little bit here corporate bonds, flat and high yield down 12 be. Reminding us in a recession these kinds of bonds, high yield tend to act like stocks. A little bit reminder about that we have good news and bad news the good news is the president is out today pushing an infrastructure stimulus. That would be a number of programs out there we have progress on the vaccines and testing. The fed and congress have gotten very aggressive in the last few weeks. All good news. Theres still bad news we havent begun to see the really bad Economic News the market is very do
Bouncing back as you can see the dow 49 nasdaq of 39, s p by more than 11 worries over interestrate inflation sparking the selloff and adding to worry j. P. Morgan Ceo Jamie Dimon said the economy cannot rule out a hard landing, that cannot help things here is the close 605 points we lost on the Dow Jones Industrial loan, working to get the next read on First Quarter gdp next week ahead of the preferred reading on inflation april pce, that comes out next week as well, durable goods are coming out today 8 30 a. M. Eastern we will preview all of that, here are the estimates on your screen, take a look at europe on the heels of what we saw on this country all the way down acrosstheboard with the cac 40 and the dax into asia overnight you had read acrosstheboard taken for what happened last night in the United States, back at home a busy day on capitol hill the Senate Rejecting the twice failed porterville in the house passes a bill to repeal the d. C. Law which allowed noncitizens to vote
Economies theyre watching closely. Well get you the latest from the crown prince and go live to saudi arabia. Perrigo ceo joe papa is out, hes heading to valeant. And surprising sales number from the apple watch on its first birthday. Well break those down and get a preview of apples earnings tomorrow. The three major indices in the green for the month the dow leading the pack up. Saudi arabias cabinet approved a plan laying out economic reform priorities for the next decade and a half aiming to reduce the countrys reliance on oil, a partial ipo of the stateowned oil company is part of that plan. The saudi deputy crown prince expects to be valued at more than 2 trillion. And then they argue by 2020, guys, country will not be as dependent on oil as it is today. I question the whole notion of dependence. Because if you go over the slumberje quarter, talks about how theyre really the only country that has swing capacity. No other country in the world has the ability to put out another 2 M
According to people friendly with the matter, they have had discussions about a potential acquisition or joint venture. Verizon is interested in aol technology that deals with the automated buying and selling of ads online and wants to expand its mobile video offerings. New Republican Congress goes to work in washington today. First thing on the to do list, keeping the fight in the family. John faces the challenge to his leadership from two house republicans, one from texas and one from florida have announced they will run for speaker. Their chances are slim. They would need to find 30 republicans were willing to vote against john boehner. In florida, samesex marriages are now legal. The dan was originally set to expire today, but couples in miamidade council got an announcement when the judge cleared the way for samesex weddings to begin a day early. They are now legal in 36 states and the district of columbia. Katy perry is rehearsing for the super bowl starting today. You will be up