Are the wins that are blowing change agents. Looking at the dow s p and nasdaq we saw the dow and s p slip into positive territory but we have seen gains fade away basically. The s p 500 down about 2 10 of a percent. This is after Stanley Fischer did say that the u. S. Economy could see some growth later this year. Potentially putting another fed rate hike on the table. Lets see what is happening in terms of the imap functions. Did see more sectors utilities of about 5 10 of a percent. Health care still a little afterve but premuch flat. Hat happened with pfizer what stick a look at plays in terms of speculation. These three stocks in terms of rid general denver text up on the order to about 3. 7 especially after speculation that one of these others might be in play. One commodity to talk to about is also pulling on the markets, oil breaking a sevenday winning streak down your session lows down 3 here. Chair fishero fed talking about hawkish comments we are seeing the baker hughes coun
Report. Michael, what is going on . Michael we have earnings out from China Southern probably the drop in the price of fuel. Angie that is the key. What has fuel been doing to allow these stocks to search . Michael the key is what the airlines have been doing. The difference is the chinese and hair airlines have not been hedging their fuel prices. We saw pacific, they had been hedging their purchases and it came back to haunt them. They made a decision when prices were falling a few years ago that they were not do that. Hedges are basically insurance. A risk that you are taking. The more confident they feel where price of going, the riskier. Angie european and u. S. Airlines have hedged. Something to write jet fuel prices fall. Lets talk about highspeed rail. Will it affect the output . Michael it is interesting. The Chinese Government is investing heavily in railways and also air infrastructure. In the budget presented recently, both of these sectors saw huge investments. I think even