We have a little bit of data in the eurozone. And happy Lehman Brothers anniversary. Withit is a look forward mark carneys bank of england, 7 00 a. M. Wall street time. It will be an interesting six days. Francine you are right. The 20the morning of first of september. The fed in the evening of the 21st of september, in england. It will be difficult for the boj to preempt that. We are getting cpi for august, 0. 1 . We will get the euro chart up, but it is as expected. What we saw was better than expected retail sales in the u. K. Sebastian the government signed proposal to build Nuclear Reactors were 24 billion dollars in southwest england. In july, Prime Minister may decided to review the project. Keeping its ultraloose negative Interest Rate on hold, this was National Bank left a record low. 75 . The brexit vote clouded its view of the global economy. China issued its highest door morning as a typhoon a landfall. Heavy rain battered a city. The storm was expected to weaken inland. Th
Stocks are headed up to their session highs of a with that said they are still in the red. Right now lets take a look at where they stand. The dow is coming up on the flat line, but the s p 500 is down by about a third of a percent. The s p is down for the second day in a row, and this is its first backtoback losses so far this month. Part of the reason for that is because of the retail data that we did see earlier today. Sales for february falling, and januarys game revised to a decline. We will see how the fed will factor in that with Interest Rates tomorrow as well as the day after. I want to show you the General Health of the s p in its sectors. Four are in the green, six are in the red right now and looking at the positives, Information Technology is of the most, by about a quarter of a percent. Utilities not too far behind. 1. 5 , care is down by which had been preceded by materials. Energy is down by about 1 as well. I also have to talk about what is happening in the pharma worl
Surprises. Thats how we started with jpmorgan. Premarket, futures, where are we . Points. Res now up 99 the big story in the last 20 minutes, a bit from jpmorgan, and upside surprise. That upside surprises what takes is higher come up by 2. 73 in the premarket. Couple of fx to a pairs for you. Some dollar strengthened the g 10 today. 13 . At wti, the output freeze meeting in the rumor mill and the rumor mill is in full swing. Crime organized profiteers have raided the offices of the Panama Papers law firm. The rainfall is the leak of millions of documents on tax havens set up for wealthy international clients. The attorney general searched other subsidiaries of the firm in panama and the firm has denied any wrongdoing. Some 3500 candidates mine for he 250 parliamentary seats assad said he and his wife cast their votes in the Assad Library in damascus. Vice president is drawing up plans to form a Transitional Government in brazil as dilma allegationsrpens that he is the leader of a coup
Change in the stock price is bigger than the stock price itself. Its bringing down the entire Biotech Sector but the real warning sign for this company may not be in the stock move itself. Well explain that coming up in a minute. Well known tech investor it feels like that but its warmer today. Sitting next to me in just a moment, dan niles, hell give us his two favorite stocks right now and one of them is not in the tech space. Hell join us exclusively in a few moments. The face of the election could look very different tomorrow if donald trump can beat both marco rubio and john kasich in their own states. Were going to look at both sides of who can be the candidate for business after the florida and ohio primaries. Well talk to two former governors, Christine Todd whitman and Jennifer Granholm. The money behind steph curry, im a little bit of a fan girl. Youre not alone. I know Boys Basketball team here in new jersey, they could wear a niksz and lebron james but they are wearing step
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