Largely in the red you can see other than spain, lets call it even for the uks ftse crude oil also important to keep an eye on, given the moves last week the tenyear yield came off. Still working off a big employment number on friday. Well see if theres follow up to that and theres wti hanging right below 44 lets get to our road map this morning. And it starts with stocks. They are coming off a volatile week that ended in the green were going to take a look what to expect this week ahead of fed chair janet yellen appearing on capitol hill wednesday and thursday and secretary Steve Mnuchin said a plan to raise taxes for the wealthy to pay for middle class tax cuts is not being considered were going to discuss what should be expected, if anything, from the administration when it comes to tax reform. And amazon prime day is upon us. The deals start at 9 00 p. M. Eastern, but will they be big enough to boost the bottom line . Do they really need anything more im gearing up 20 , up 20 . Wha
And shes not endorsed him and unlikely to now. And theres a record and Political Risk for president obama. Investors do not despair, big move up for stocks tuesday and this wednesday morning theyll go up some more. Oil, close to 50 a barrel. Some people think thats good. Were not so sure. Varney company is about to begin. blee bleep there you have it. Violence and protesters actually threw rocks at fox News Reporter jonathan hunt. Clearly it was a leftist violence in albuquerque and waving the mexican flag. More on that in just a moment. There you go. Hit in the leg with a rock. Now, look at this. Weve got the dow jones average at the opening bell this morning will go up roughly 60, 65 points and the price of oil, look at it closely, thats pretty well, its close to 50 a barrel. Now, look at tiffany, its the latest retailer to disappoint. Sales down in every region of the world. All right, liz, this is where the wealthy buy their jewelry. Is this part of the retail ice age as well . Liz
The company turned a 464 million profit. There are lingering concerns about alibabas ability to drum up international revenue. Chairman jack ma just announce a hiring freeze and there are concerns about the relationship of the Chinese Government which says alibaba is not doing enough to crack down on fraud. I spoke with daniel jong, a former accountant and now ceo. I asked him what he plans to do differently and whether the Management Team will stabilize. We change a couple of leadership. We believe that today is the right time for us to bring young generation to the leadership. Alibaba this is a long journey. When he the young generation to be a participant in the company to the next journey. Emily how will you bring more young talent . Although leaders are from the 1970s. Were trying to bring more and more 1980s and 1990s, the Younger Generation to the middle class level and finally to the leadership level. We believe this will this will be the foundation for future growth. Emily jac
We were down 3 on the s p 500. Lets put up the Dow Jones Industrial average. Not today. Not because we had any positive news we just didnt have much news. We didnt have a lot of headlines around syria. Lets call it a relief rally. Put up the full screen. Did droop a little bit. Lack of headlines for syria is what was lifting the stock market today overall. Weve seen a gap between secretary of states announcement a couple of days ago and actually action and today that worked to everybodys benefit. Not clear if were going to wait or the u. N. Or go it alone. Jobless claims are tomorrow. We need some good news on the economic front because we had lousy durable goods, pending home sales. We better get a decent number. Below 330,000. Fed paper has got to be in some serious trouble. Lets look at the yields on the ten year. Yields up today, prices on the down side here. Reversing that risk anxiety around syria but this isnt going last. If we get a poor number tomorrow on the jobless claims i
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