Ugly off 8 1 2 . Is the selling fully chinarelated here in the u. S. Or ocould there be something else, something bigger and deeper perhaps, guy . Lets start with you. Tim talking about china, i think it has a lot to do with china. When the markets down 8 on top of the moves weve seen over the last couple of months it has to have something to do with that but i also think its somewhat technical in nature. I think earnings have a lot to do with it. I think earnings have been okay but i think the chasm between eps and revenue continues to grow. I think technically the markets done everything right until last week when we traded back up, tested you willtime highs, seemingly failed, had an outside week in the s p without getting too wonky, now were going to test again those lows we saw last week or so, 2042. If it holds there, off to the races. If it fails we have to have another conversation quickly. The russell, the iwm, 121 has been the level, closed lower today for the first time in a
Welcome to countdown. It has just gone 6 00 here in london. Is at the heart of the eurozone problem is. News. The Global Financial leadership trying to turn passengers into conference in florida. The frank view on the risk the the backseat djs, uber is eurozone poses. Area is thehe euro keeping up teaming up with spotify. Biggest risk because i do not think the leaders have a true service will roll out vision how to cope with the problem. This month in 10 cities including london, new york and singapore. The consensus view is germany snapchat is collaborating with needs to step up and the Buddhist Bank needs to change Payment Companies were it allows bank ne buddhas users to send money to each other. Is feature called snap cash sbank needs to change snapchats second revenue their tune. Generating product. The side effect will push up the euro a little bit and that how much money has been recovered from bernie made offs has done damage to france and fraudulent Investment Firm italy, i th
Its not its a state of mind. It is. Thats what we keep saying. Over and over again. And theres a lot of new this is the new blah blah blah. I think 15 years is fair. Dont you think 15 is fair . Is fair for what . What i am is the new 15 years less. Do you want to do how old are you now . I can sing it. No. You know what they say. They say that the beginning of the hours are the most important to hold, to pull in the viewers with the current news. Nerds, move on. Exactly. Thank you. Some of the stories were watching this morning, the Global Markets. Oil prices extending yesterdays 5 route. The reasons are piling up including dollar strength. Jitters about greece flight to safety, but especially whats been happening in the Energy Sector. Check this out. Pushing stocks lowers across the board yet yesterday. The s p now on its first fourday losing streak in more than a year. Wti, below 49. Unbelievable. That is conditioning today. You have to wonder whether that is going to do to stock pri
Electrifiying stock gained another 5 dollars yesterday. After hours the electric car Company Reported the battery factory its building could employ 65hundred locations under consideration are arizona, nevada, new mexico and texas. Jc penney reported less of a loss than predicted. Shares soard more than 7 . Janet yellen heads to capitol hill today. She will share her thoughts about the economy with the Senate Banking committee. Her appearance earlier this month was cancelled due weather. And theres rain to report in the west. Drought ravaged areas such as Riverside County calfornia are finally getting drenched trader todd horwitz of average joe options joins us now. Hes also watching the situation in the ukraine and russia. Will it have and effect on the stock market or perhaps the oil market. I think when you take a look at the ukraine situation as far as the stock market is concerned, i think it will have no effect. It may effect their market but i think our market it wont bother. How
That. President obama condemned the armys crackdown, canceled the bilateral u. S. Egyptian military exercise. Cheryl and Berkshire Hathaway has reported buying new stakes in dish network and sun corp. Energy. David shares of kohls got a boost today after reporting a rise in same store sales following down beat reports from walmart and macys. Cheryl and confidence among u. S. Home builders at its highest levels in nearly eight years, thats according to wells fargo can Builder Sentiment index. David the wall the wall stree reporting that the department of energy was attacked by computer hackers last month who gained personal information on thousands of current and former employees. We have earnings coming up, dell in just a moment. After the bell starts right now. Cheryl and lets get to todays action and whats behind the selloff. Weve god edward pavin, chief investment officer, and Mark Sebastian in the pits of the cme. Mark, lets start with you. You know, so much of what weve seen today