Your love keeps on lifting. Lifting me higher and higher. Your love keeps on. Lauren welcome to fbn a. M. Good morning, im lauren simonetti. Cheryl im cheryl casone. Were trying to lift higher but no luck so far. Lauren monday, th the dow s down 335 points in the premarket, nasdaq is down 120. Yesterday the nasdaq had the biggest point gain ever. Cheryl the Oil Price War continues after yesterdays 10 rebound. Oil is under pressure now. The contract is down 1. 31 . We shall see, though, if the russians come back to the table. Lauren and we see how nervous investors are by looking at the yield on the 10 year treasury, it is down 7 basis points this morning. Cheryl adidas will lose more than a billion in Greater China sales due to the coronavirus. Were watching headlines. There were red arrows despite u. S. Markets gaining. Japan and south korea the two hardest hit markets there. Lauren were watching stimulus responses from governments, in london the bank of england cut interest rates, th
Good morning, everybody. We have got, right here. I maria bartiromo. Top stories right now 6 00 a. M. On the east coast. Markets are off to an ugly beginning of the week worldwide could take a look at futures right now after the horrible selloff on friday. Words this morning the booming economy will drive Interest Rates higher in spark inflation. Industrial average down 129 points in terms of features one half . The biggest oneday decline for the dow since brexit tumbling nearly 700 points in the s p 500 and nasdaq both down 2 down 665 of 65 on the dow. 145 points lower in the nasdaq. Tenyear treasury yields still climbing up to a fouryear high of 225 . As you see there one of the underlying worries. Of course heres to seeing a typical followthrough from what we saw friday on wall street. 5187 points in the dax index down three quarters of 1 . Markets are mostly lower. Nikkei average down 2. 5 . Janet yellen, officially trying to an end as jay powell prepares for his first as chairman
Thats in the next 50 minutes. Julie hyman is with us. We are halfway into the trading day. Julie its been a steady day. All averages are higher, not by much. The dow has been leading gains today. Any gains of any size would mean a record close for all three averages. To 2000, which has been taking pace. Some of the reasons the dow is up today is one of its components is doing well. We are talking about walmart are in its easy to forget there are competitors to walmart amazon that are fighting back rid they will acquire parcel, a new york based delivery service. Walmart tries to compete more and more with amazon in the Online Business and the delivery business. The details are not disclosed. Walmart shares are up on this. Its interesting the overall market has been rallying despite their weakness. We are taking look at Telecom Shares as well. We have level three centurylink on the rise as they win antitrust approval for their deal with the telecom assets. Sprint and tmobile are up as we
Record highs. Abigail very tight trading range. It could be the tightest of the year for the s p 500, and that is saying something. Only about a three point range weve seen for that index today. And again today will be a record close for the two major indices, even if the gains we are seeing are not terribly large in todays session. As we see stocks continue to climb, we look at the various measures volatility and what people are doing protection wise to have been falling. We talk about the vix, this is the Credit Suisse fear barometer that measures the cost of bearish to bullish and the three months option is down for the Third Straight week. It is looking at declines as we see global stocks complete a six quarter of gains. Theal stock here seen in msci all country world index. And that Credit Suisse fear barometer plunging as we continue to see what some see as complacency in this market. In todays session on the move our airlines. Delta coming out with an updated forecast for unit r
Business report. The tax crackdown steps up a gear. In the sights of the European Commission, oxenberg and amazon. And the head of wells fargo gets a grilling by us lawmakers over its Corporate Culture and millions of fake bank accounts. Hello. A warm welcome, this is World Business report. It is a packed programme and we will be telling why all things are peachy in beijing. Lets start with the European Commission. It is expected to announce later today the result of its long probe into Member States tax deals with multinational companies. This time, luxembourg is in the spotlight. It has been accused of offering illegal tax brea ks to accused of offering illegal tax breaks to amazon, the retail giant. The decision is not against amazon itself but the country which can be forced to present amazon with a bill forced to present amazon with a bill for alleged back taxes. The case echoes a similar ruling against ireland which forced it to claim 13 billion euros from apple, a decision that