S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The biggest decliner of the three major averages would be t
Will be an opportunityortunityor general publicl publ comment cos meeting afterg af closed sessiod therell be anll be anll be anlo comment on each discussion or action item policy agenda. Each comment is limited to two minutes. Please note that city policies along with federal, state and local law, prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and will not be tolerated. Moreover, Public Comment is permitted only on matters within the jurisdiction of this meeting body joining us president s of fine yes. Please call the first item. Thank you. I dont number three is closed session. Three a conference with Legal Counsel pending litigation. Right . And we will. We will need a roll call vote to invoke the Attorney Client privilege and enter into closed session for a conference with counsel. Okay, so, um. At this time, well be moving into closed session with Legal Counsel pending litigation before moving into closed session. We will take
Difficult it will be to get that measure passed. But we do have the story covered. Julia chatterley is in brussels. Michelle carusocabrera is in athens. And Steve Liesman. Well have more from the three of them. As higher up on the news. But it looks like a deal is going to be reached. You can see the dow jones up 125 points. S p up close to 15 points. The nasdaq is up by 37. This is all coming as the markets in europe are higher. Dags up 1. 5 in germany. The cac is up 2 . The ftse higher. Italy 1. 5 . Portugal up 2. 75 . And the dollar is up. The euro despite the news it looks like the euro is kept together. Trading higher at 1. 1075. Part of the fact if you deep greek economies in thats going to add pressure over time. Also you can see whats happening to the yields in the european markets. In greece be the fiveyear yielding 17 . If you look to the bund thats the german tenyear thats trading at. 927 . If you check out whats happening with treasuries here in the United States youll see
Of these winners that we now affectionately refer to as the fang stocks . Two Money Managers go head to head, one still likes and the other one says maybe time to look elsewhere. Two emerging market currencies that could have major implications for the boarder market. Why everybody should be watching them, ahead on closing bell. Lets start with this friday selloff, bob pisani on the floor here at the exchange. The bottoline is we are not getting any bounce at all. We opened we gapped down more than 20 points on the s p 500 and essentially we have been sitting at the lows all day. There have been really no significant attempts to rally and every time we have hit a lower low weve seen a little spike in volume. Five to one, seven to one, somewhere around there declining to advancing stocks, notably weak of course oil and oil stocks under new lows here, right across the board, apache, big company down 6 , here is exxon, the majors arent down nearly as much, down about 1 . Defensive names a
The dow futures are up 23 points above fair value. The s p futures are up by 2. 5 points and the nasdaq is up 5. 5 points. As for the markets in europe, you can see things are decidedly worse with the cac down. 70 . The dax in germany is down. 60 and the ftse is off. 30 . In the meantime, the russian micex indicated slightly higher trading higher this morning, but this comes after steep drops over recent weeks because of what was building up in the situation in ukraine. And the dollar at this point, at least in the morning, youll see this stronger across the board. Euro trading at 137. 73. And the yen is at 102. 456789 andrew, over to you. We have big Business News with apple tv a little closer to actually happening. Apple now reportedly in talks with Nbc Universal parent comcast about a streaming Television Service that would allow apple to bypass congestion on the web. The wall street journal reporting that discussions are in the early stage and there are many hurdles to cross before