Month low. Fell 4. 2 . The worst quarter for the dollar index since 2010. We know its helped. Is it still going to do that . It has helped and is going to continue to help. I think a lot of commentary on the upcoming earnings, the guidance looking forward is going to talk about the previous challenges, the headwinds appreciatinging presented. Now thats dissipating. But in terms of longterm portfolio planning, i dont think we want to get overly excited and think we had the u. S. Dollar drift from an uptrend to now a down trend. I dont think thats the case. This is a correction, good nor another weeks. But after that, we need to look at where the dollar is going to be on a longerterm basis. I dont think its going to be down. Pete, a quarter of the russell 1,000 generating more than 50 of the revenues overseas. Yeah. So its going to provide or has already provided a significant benefit that coincides with the rally we have seen. No doubt about it. I think if you look at where did we see t
2. 5 . The dax in germany up by 2. 25 . In italy, stocks are up by 3 . Oil prices hit their highest levels since november yesterday. You do see a little bit of a retreat this morning after comments from an official in saudi arabia. Right now you see that wti is down by 64 cents. Still well above 40 at 41. 53. Just days ahead of a meeting of key oil producers, saudi arabias oil minister has reportedly ruled out an output cut. Of course, yesterday the huge rally was sparked by a Russian News Agency report that russia and saudi arabia had agreed to cuts. Still, you have a lot of things coming in. The expectation that low prices are really starting to cut in places like latin america and here in the united states. Lets get you caught up on some of the big stories happening today. Bank earnings likely to set the tone for trading today. Jpmorgan is the big one. Its happening at 6 45 a. M. Eastern time. Well bring you that news when it happens. Analysts expecting earnings of 1. 26 per share o
Deserves enormous areas of. But there were also questions i questioned how they were approaching it. I might have tweaked it to the extent that it involved Foreign Policy. I might say to my Foreign Policy partners we have a problem of doing it this way but youre always secure of making sure that the credibility of the United States is sustained. When theres turnover in governments, the work thats been done continues and particularly when you have a close friendship and relationship with a partner like canada its not as if work were doing on the arctic or entry and exit visa vanishes. Just in case, that doesnt happen, the u. S. Canadian relationship will be fine. Thank you, everybody. All right. The president of the United States and his canadian counter part wrapping up that News Conference in the rose garden today at the white house. On the agenda, discussions about the environment, trade, and that on going lumber dispute which the president says will get solved in short order and als
In europe. And then finally a quick look at crude before we get to a couple of the big stories of the morning. Wti at 46. 57. That would have been a good move around the 40 handle couple of days ago. Here are the big stories were watching today. Amazon crushing earnings estimate, posting most profitable quarter ever. We asked yesterday are they still sewing . Or starting to reap . Looks like the reaping has been. Cloud computing business. I thought they sold books. No. They have changed apparently. Side things. Other things in the last few years. Helped the Online Retail giant pull off the beat and stock took off. Jeff bezos net worth went up estimated 6 billion dollars based on how much stock he owns. And other stocks on the move this morning as we check into earnings central. Pandora reporting a wider First Quarter loss. Although it wasnt as bad as analysts expect. The streaming Music Service is raising full year outlook thanks to higher ad sales. And baidu fell to lowest level. Chin
Wont even start production until late next year. Now while its a good headline number, all those deposits, of course, are refundable. But jon, a lot of discussion about how many they can make, how quickly. How much money they have to make them, no matter what the orders are. I view this as an indication of interest, not necessarily of demand. I mean, this is a 35,000 car in a way that a starting price with 7. 500 off if you get that federal subsidy. But the first one to roll off the line that people are waiting in line for, they might be 55,000 cars. Its not like these people went through credit checks to make sure they can actually afford that. And if they have to give the money back because they cant afford the car, so what. You look at luxury car sales in 2015, bmw, 346,000 and was number one. Thats getting close to these numbers. So can they even make these this many. Can all these people afford them . Lots of open questions here. But very interesting interest. Jessica, they almost