Two if by sea. Jane wells covering the problems out at the ports. She is live between the ports of l. A. And long beach, and, diana olich is on the land. Surf and turf here. Shes on the land in washington. Interest rates rising. Home Sales Numbers not. Diana, youre first. Well tyler, look spring housing is not getting off to the best start. Higher Interest Rates in a pitful supply of homes for sale are squeezing potential buyers. Now, Weekly Mortgage applications showed just how sensitive todays buyers are. Rates rose to their highest levels since early january. 30year fixed at 3. 93 . Its still under 4 . Even at that historically low level, applications to purchase a home dropped 7 for the week. They are barely 1 higher than one year ago. Rates moved even higher where heed. Does that mean real cash money . Well a borrower taking out a 200,000 mortgage today would have to pay just 42 more a month than they would have if they had bought on january 1st. Now, that might seem like chump ch
Third time in six months. It is raising limits of what thanks can pay savers. Both imports and exports fell last month. Investors appeared to like the move. Chinese stocks rose by the most in two weeks. Air forces across europe are grounding all Airbus Military transports after a crash. The airbus a400m crashed saturday minutes after a test flight. Four people were killed, those two others injured. A german magazine says one of the survivors told investigators the plane has multiple had multiple engine failures after takeoff. Shares are down almost 3 this morning. It may be a sign of saudi arabias frustration with u. S. Policy over iran. The new saudi king is skipping this weeks summit for persian gulf countries. A number of issues will prevent the king from attending. The saudis and other gulf countries are concerned with the u. S. Is being too accommodating toward iran. On mothers day, president obama called up some moms phoning several mothers who had written him recently. He ran in
We have a forecast coming up. We start with the tail end of earnings and all those predictions that we would see negative Earnings Growth. We had the report and since then the s p 5 hundred index is up about. 9 . Bob pisani is live with where we saw gains and losses and what expected from retail this week. First up the answer to this question. Did we see growth this earnings season . We are pretty close to seeing an actual Earnings Growth picture for all of this season. Lets take you to the score cart. Through this morning, we have got about 447 of the 500 companies in the s p 500 that have reported earnings. Among those, 67 beat estimates. The caveat there as always is maybe its on lower expectations. They have about one in four will say close to 23 missed estimates. We talk about the idea that we might see growth if things go on track for the remaining 10 or 11 yet to report. We could see about two plus percent Earnings Growth. Thats not robust but we were expecting a decline into th
[ cows moo ] [ sizzling ] more rain. [ thunder rumbles ] [ male announcer ] when the world moves. Futures move first. Learn futures from experienced pros with dedicated chats and daily live webinars. And trade with papermoney to testdrive the market. All on thinkorswim. From td ameritrade. Live from the chicago mercantile exchange. Stocks recover after yesterday. Dow jones industrials right now up about 106 points. Bulls getting some ammunition from the latest housing data. And home sales are at their fastest pace since the summer of 2008. Plus dont cry for the insurers, at least not arthur gallagher. It is selling policies at higher prices. The insurance giant ceo telling us what this means for the bottom line in 2013. This is a fox business exclusive. And the greenback can thank or is it blame japanese Prime Minister as the japanese yen continues to weaken against the mayor currencies. Major currencies. What the impact on Trading Volume at the cme . Is there a trade that can make you
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