More important for retail eers. What do they it like . What do they hate when it comes to retail . Power lunch starts right now. Happy monday. Im melissa lee. The dow, s p 500, nasdaq posting their best gains of april but that got wiped out. Stocks are moving higher, though. Some stocks were watching this hour tesla, the electric carmaker, now the most valuable u. S. Ougautomaker. And shares of rentacenter soaring. They say they are not exploring a sale, despite coming under pressure to sell. President trump set to meet with some of the nations top ceos tomorrow. 27 billion for toshibas computer chip business. As we head into the driving season, up 9 cents over the past two weeks to 2. 43. Michelle . They want the mon y back. Wells fargo chairman speaking about it first to wilfred frost. Exclusively. Lets get to the story, the board has reclaimed a 47 million off pay on top of the 19 million. And terminated her for cause. Here is chairman sanger who oversaw the board review. The root c
Im kelly mccutchen, president of the foundation and i would like to welcome everyone to our february breakfast. Most importantly i would like to welcome our elected officials here today. We appreciate your service. We have a great event lined up today on issues that are near and dear to our hearts and its a key part of something we feel strongly about as Economic Opportunity and to introduce our speaker i will bring about Vice President , anita dodd. [applause]. Good morning. Im a little shorter and closer to the microphone, so i hope you can hear me a little better. I would like to welcome dick carpenter today, but i want to tell you first have much we have worked over the years with the institute for justice. I think about it with we sue government that sounds pretty good to me, but dick is a coauthor of bottleneckers. Dont miss your opportunity to get a copy. Its excellent and shocking. Bottleneckers gaming the government for power and private profit hes also director of Strategic R
Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that today. The tenyear yield now is sitting at 2. 209 . Well have much more of this coming up later this morning. Lets get you to some other big stories. In earnings news, ibm reported Quarterly Earnings that beat expectati expectations, but sales fell short of estimations. Revenue declined 3 from a year ago. That marks 20 consecutive quarters of revenue decline. They have long talked about those revenue being empty calories, but a big debate about that remains. Youre looking that the stock down 4. 5
The nasdaq closing at its highest level the sheer. pretty impressive we had the fed minutes that came out today. This idea that the fed is not in a rush to hike. Markets kind of treaded lower. Right before 3 00, which is when the st. Louis fed president came out and thats when we saw a huge rush in stocks and a rally to the close. One of the biggest winners in the nasdaq were biotech stocks. Breakout, rowling rallying the most since 2009. Two dollars away from its 100 day moving average. With that risk rally, we saw yields pick up just a little bit and an immediate spike in the shortterm rates into year yield right after the fed and its came out. Hire on the twoyear and. 3 hire on the 10 year. Scarlet the yen goes from strength to strength. The dollar trading at a 1. 09 handle. Sinking for a fourth straight day. Terms of commodities, oil with an unbelievable move up. You have inventory numbers that came up and an inventory draw in the u. S. Refiners starting to work overtime and utiliz
Was down slightly. The shanghai composite was up slightly. Also take a look at oil prices. Wti up slightly. 34. 72. A little later this morning, were going to watch for natural gas Inventory Data due out at 10 30 eastern time. Gas prices are trading around the lowest levels in 17 years. Couple big stories were watching this morning. Just hours after the u. N. Security council slapped new sanctions on north korea, south korea is now accusing the north of a new provocation. South Koreas Defense Ministry saying north korea fired several shortrange projectiles into the sea. The sanctions on pyongyang are the toughest in 20 years and came in reaction to the norths recent Nuclear Tests and longrange rocket launch. Its also a very busy day for economics. A lot to talk about. Jobless claims out at 8 30 a. M. Eastern time. Thats expected to hold steady around 270,000. Also at 8 30, were going to get Fourth Quarter productivity, which is expected to be revised slightly lower with forecasts for a