Markets poised to open higher. Comments getting a lot of attention. Jack lew telling Steve Liesman, we will hold china accountable. Twitters Board Meeting is today in new york. We will get answers on the permanent ceo role. Details of nut tesla x and the lower costs on the model three that will not start production until 2017. Draghi holding a news conference. He says asset purchases going smoothly. Adding the plans to fully implement them. They see a slower increase in inflation lowering their growth request through 2015. 1. 4, 1. 7, 1. 8. Now, they are talking about, can we change the size or duration of their plan . They are crushing europe. The dollar is soaring. This is a level that american exporters obviously are saying, are you kidding me. They have to get the euro down to be able to maintain growth. This is really great for germany. They dont talk about maybe they are talking about the immigration situation. Obviously, germany is going to be able to build all the housing that
Of strength following the best twoweek run in nearly three years. Apple reportedly set to hold an investor call today ahead of a potential bond sale that could be priced in euros for the first time. And two big deals. Well get more details on that. But we begin november after a halloween rally which saw the dow and s p set some record closing highs each with gains of more than 2 for october. The nasdaq outperforming them up 3 and this week more earnings reports, Midterm Elections tomorrow and big october jobs report comes up on friday. Really, jim, getting through october some consider a success. Its the biggest mid month comeback for stocks since 09. You had a couple of things. You had people betting that ebola was going to become a very big issue because people felt that the late mr. Duncan was going to make it so that there were multiple infections. There were a lot of people who were shorting restaurants, retail, theme parks, airlines. Turns out that none of them had a downturn. Th
Those greek elections. Well talk futures, oil, the euro all bouncing off overnight lows. Americas largest home builder up more than 6 that is the stock and the premarket. And Apple Earnings on deck a report that apple sales in china exceed those in the u. S. Plus is apple pay at a Tipping Point . More on those stories in a few moments. First up though lets talk about these markets. Obviously a lot of people wondered what this morning would look like after the greek elections. The serisa party taking two seats short of an outright majority, but looks like they are going to have a working coalition partner. Are you impressed that europes not in the red . I think that the partner might be this greek far right wing. I know yes. And i feel that what this says to germany once again is look, this is the future. Unless you get it right, youre going to see extremism in these countries, which is making it so that draghi won last week in terms of qe. Now we see this. It just seems like everything
Bucks a barrel. 50. 65. Lowest since may 1, 2009. Last time if youre keeping track below 50 april 29 2009 when we hit 49. 12. How about the ten year note yield. I was on vacation didnt look at it every day, yeah 2. 091. Wow. Wow to both of those things. Lets get to our road map this morning which you can probably guess where it starts. The markets, crude, and euro all under pressure this morning. Global uncertainty is back in this new year. Chrysler reports a 20 jump in monthly sales. Were going to explain why that may not be good enough for gm. We will be hearing from them in the next hour. And starbucks downgraded. Koeg coke upgraded. The roeneason behind both coming up. Crude fall to go a new 5 1 2 year low. You also have the euro falling to a 9 year low on Political Uncertainty in greece. And expectations that the ecb will deliver quantitative easing later this month. Jim, baby. Were back. No shortage ever things to discuss. Discuss. Not a lot of corporate news. But well be focused
There was also the Lilly Pulitzer collection during this quarter. Brian cornell, the ceo, has been focused on areas of the store where they see more demand they are raising the lower end of the earnings forecast for the year two for 50 to 465, that is the range they are looking for. They have presumed buybacks. A target ive hundred 62 million their own stock in the First Quarter in that their first back since 2013. Erik it looks like this is a margin story because target samestore sales came in line of 2. 3 and revenue is in line with estimates. The bottom line is much better than analysts thought it would be. Julie some of that might have to do with the trajectory of target, if you will. Remember they had the big data breach that lost a lot of customers. Not just because of that but because of the target actor was waiting to some extent. The company is trying to get that back and they are looking at the data breach and they may not have to be discounting as much to get shoppers throug