Futures seem to be negative. In a repeat of yesterday, down in the european session about dow. Points on the then we come back up as things start to unwind. Be interesting to see. Kicked back nicely yesterday. Pause or are we seeing a rotation or minitemper tantrum . That. Ll be dissecting we have some great guests for tabckling the feds. Scott e joined with minors. He will reveal his big call on year note. Plus, later were going to head buenes ares. But first, youre standing by to market. The it felt a little bit down this morning but except you look at commodities. Governors brainards speech. Struck by her. Ne they were. Wasfollow through to europe as follows. Three days of losses. We snap that up. Yesterday, a softer dollar session. Little reverted just a bit with the bloomberg dollar index up by quarter of 1 . Happening on the cable rate. Down by half of 1 . Inflation in the United Kingdom came below estimates. Downside surprise potentially the door if they so wish to cut rates aga
Campaign,nie sanders the peoples revolution we are talking about, the Political Revolution we are talking about is strong in every part of the country. Frankly, we believe our strongest areas are yet to happen. Meanwhile, clinton did mississippi primary. Donald trump tightened his hold on the republican race, winning primaries in michigan in mississippi and one the caucuses in hawaii. The single biggest story in Politics Today is what is happening at the booth. The tremendous number of people coming out to vote. I hope the republicans will embrace it. Ted cruz managed to win the idaho primary. Trump now has 446 of the 1237 delegates needed to win the nomination. Vice President Joe Biden says iran breaks the terms of the Nuclear Agreement we will act. Iran carried out a Ballistic Missile test for the second day in a row. This time, they launched two missiles. Global news 24 hours a day powered by a 20 firm to journalists in more than 150 news bureaus around the world. 2400 journalists.
onto gains today come middle of the range and where we have seen them trade over the us of the session. The nasdaq has gained some steam, up by. 5 . We have an oil rebound that is helping stocks, anticipation of additional stimulus tomorrow from the ecb, and sort of a snapback effect from yesterdays what ended up being pretty sizable declines for the major averages. Lets look at the bloomberg for the groups on the move. A little more green than they were earlier. Now technology is joining energy stocks. Materials trading higher today. We look at oil prices, it has been an interesting day ever since we got the weekly inventories at 10 30 this morning, which saw a built in inventories but a drawdown in gasoline. Looks like there was an uptick in demand for gasoline. That is one of the things fueling the gains we are seeing in Oil Prices Today. There,looking at it health care at the bottom of the list. Julie health care one of the drags, particularly biotech stocks hit it is limiting some
Both down by 0. 75 . Chinas february exports dropped by more than 35 in u. S. Dollar terms. Imports there fell by nearly 14 . Of course, were watching Oil Prices Today too. Crude was up by 5. 5 yesterday. Its up 45 from februarys low. Right now its down by 1 , but wti still sitting above 37. 50. Scott . All right. Speaking of oil, the Goldman Sachs Commodities Team out with a new report today. That title, the three rs. The goldman team suggests those factors have driven a prema chur surge in Commodity Prices that is not sustainable. The firm is maintaining its bearish view on gold. It keeps its nearterm copper price target of 4500. As for iron ore, goldman predicts a rally will likely prove temporary, so its maintaining its end of year target of 35. And on oil, goldmans nearterm view is for a trendless market with substantial volatility between 40 per barrel and 20 a barrel. That firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf
Also a new wrinkle to the General Motors ignition switch recall story. There are, of course, congressional hearings. Now a criminal investigation. But because gm has gone through bankruptcy, it will not be civilly liable for any accidents that happened before june 2009. Well get the latest from phil lebeau and speak to legal pros on if this will hold up even if the company is found to be criminally negligents. Thats a fascinating wrinkle. Also a cnbc exclusive, rock legend neil young, that neil young, joins us coming up on the closing bell today. Neil is not happy with the sound of Digital Music right now, and he has used crowd funding to do something about it. Its a new Music Service which sounds so good they say its like being in the Recording Studio with them. Neil will be here to talk about that and his plans to make new music. Hes still working very hard these days. Hes been touring. He has a new album out. More plans for more music down the road. Do not miss the great neil young