Economist john silvia will be joining us to kick things off. First, lets get to the guys in new york. Joe, my heart is breaking. I was traveling yesterday and out last night. I missed all of the masters disaster, been reading about it this morning, checking this stuff out. 11 inches . Missing . Ernie ells. Becky, im telling you yes, not you. Right. I read what he said this morning, and my heart really went out to him. After being so great you know what he said . He said, i got up to that first three footer for bogey. Number one is a really hard hole, and all the greens are really hard. Theyre so fast. The holes are cut so sharp. Theyre very scary. What he said really got to me. He said, i couldnt pull the putter back. I know that feeling so well. Its because hes still got the right hand low. I can tell you that ernie is going to be i dont think hes clawing yet, but i cant say for sure. But hes going to have to do something called the claw. Thats the only way. Also, what i found did you
Good morning and welcome to Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost. Great to be with you this morning. Lets get right to the Market Action. Were looking at gains for u. S. Equity futures following the lead weve seen in markets elsewhere around the world today. Almost triple dimgits on this friday for the dow. The s p up 12 points. The nasdaq up 31. This follows a day where markets traded in the red for most of the session yesterday. The dow seeing its worst daily performance since the 23rd of february. It was a disappointing day for markets yesterday. We are bouncing back, however, today. Lets look at the yield on the u. S. Ten year. Amazingly enough, it fell below 1. 7 briefly yesterday. Were back above that but only fractionally. For whatever you see of gains in equity markets today and in general over the last month, theres no doubt that is a relatively bearish signal, what were seeing in that yield compression. But the story of the week, of the morning, of
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worries over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worri over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As we
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worries over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As