Turkey. In germany, chancellor Angela Merkel suffered a political setback. The antiimmigration alternative for Germany Party made strong gains in preset elections that were dominated by the refugee crisis. Support for her Democratic Union fell across the board. Donald trump is trying to counter a late challenge from john kasich and ohio. Polls show john kasich a be pulling ahead, and days before the primary there. His campaign has been overshadowed by growing violence at his events. Activist groups and supporters of democrat bernie sanders. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus and now to thed, markets with matt. Matt take a look at futures. We are down across the board. Not huge drops, but a loss of 15 points on dow jones. If you take a look at the indexes, or lets take out the s p and look at yourtodate, you can see we are at a level to almost where we back to were at the beginning of the year . Being unchanged for the year, which is co
Chief executive says entertainment is key driver in sonys future growth. Heres our top stories. Trading day getting underway in hong kong and china and about 30 minutes. Lumpur,e, taipei, kuala entering the fray. Heres whats happening so far. Decision day. Going into meeting later on this week, not expecting big moves from the governor. We know he is capable. Still some uncertainty when it comes to sentiment in market. Some pressure in terms of expectations. Boj cutting outlook when it comes to japanese exports. Economy outside chance that we could get a move from bank of japan. The nikkei has been swinging all morning. Pretty light volumes in consideration of where we have been. Australia giving back all of the gains from monday session. Down half a percent. New zealand stocks going strong. 12 straight day of gains. In terms of markets, a little bit of weakness from malaysia down 2 10 of a percent. Having said that, singapore stock coming online a little bit stronger. Some of the move
Announce its new smaller iphone. The move comes one day before the apple and the sei meet in court. Lets head straight to the market desk where julie hyman has been keeping and i. Julie breaking economic data. An annual pace of 5. 0 8 million. It had the sales of previously down homes in 2007, coming at a threemonth low. Sales lower than the most pessimistic forecast in the survey of economists. It probably will not affect the large portion of trading. The company is coming out in making a number of announcements , saying ceo mike pearson will be stepping down today until his placement is found killed found. Be ono of valeant will board. To tender been asked his resignation and it sounds that he has not yet done so. Valeant said the companys placed onptroller administrative leave. All of that said, shares right , aroundhigher by 13 quite a bit this morning, mostly rising after the opening bell. We had in tracking the story over the past year, a number of different challenges accounting
Reaction and what it means for rates. Europe putting together some green arrows. 10year 1. 86 a onemonth high. And in a few moments, meg whitman from hewlettpackard and the companys strong results. 242,000 is above expectations of about 200,000. Wages weak. An annualized rate of 2. 2. We were looking for 2. 5. Revisions added 30,000. Wages, once again, the crux of this conversation. Its becoming a real puzzle, while everything else, labor force, reacts the way you want, wages do not. Theres something for everyone in here. Something for the bulls in the jobs growth and something for the bears in that wages are not growing along with jobs. Manufacturing lost 16,000 jobs as we continue to wonder whether the manufacturing recession in this country has bottomed. Thats not a good sign. Obviously, carl, that 4. 9 Unemployment Rate and the higher than expected job growth is good. Thats why people are calling it a goldilocks number. The Dollar Strength ed on the report, treasuries sold off. The
Kospi closed out flat. Right now the dax is up by 1. 2 . The cac and ftse 100 each showing gains of. 25 and italy up. President obama is in cuba marks the first time a u. S. President has set foot there since Calvin Coolidge back in 1928. Today hes going to sit down with his cuban counterpart, raul castro. The president is joined by officials and a host of ceos. Well hear more from michelle carusocabre carusocabrera. Apple supposed to launch a smaller, cheaper iphone product. Aimed at markets like china. Plus a midsize ipad, new bands for the apple watch if youre into that kind of thing. Well talk to usas personal analyst at the bottom of the hour. Also the corporate story, 8. 9 billion merge of sherwinwilliams with valspar. New bands . New bands. You know what im hoping for, just so you know, im hoping for, theres rumors about it, nobody is into it, member that mac book 12 we saw, came in with it about a year ago. Oh, yeah, how could we forget. To upgrade that and im waiting to buy it