It is a bit lower from where we inrted in the early going the morning. However, the s p is rebounding from some session lows and we saw the Chinese Market moves down again. Nymex crude down 2. 5 . Irang coming out they aret to say ripping of production as fast as they can. To 1090 perdown ounce. Pimm lets see we can take a look at the fixed income markets and bonds and see what traders are doing their. Re. A little bit of writing, 287 for 2. 8730 year long two for the 30 year. Here is currencies . No. We will just say that the dollar is stronger against most bond by the way, just because we saw those equity indexes, use of the s p and the the nasdaq higher, mainly because of that Lexicon Pharmaceuticals announcement. Go to the top stories at this hour. President obama is said to bring his case against Global Warming to the American People. The plan is sure to generate a lot of backlash to the president previewed his plan by posting a video on twitter, and proposal calls for reducing em
The dow jones down nearly a full percent, the nasdaq down. 75 . The s p 500 is rebounding from session lows but we are still in the red. 3 , and lets move on to Oil Commodities getting hammered. Brent crude is slipping below 50 a barrel for the First Time Since january. There is concern that iran will increase supplies and the slowdown in chinese growth. 13. 66 for the last month. Nymex crude is lower on this monday. A quick check of gold gold trading your a fiveyear low. Goldman sachs says prices could drop a low of thousand dollars an ounce. Ride down forlong oil and gold. Checking on how the treasury i want toe trading see yields moving in the same direction. The two year yield has been slowly going up that gap. Many investors and traders believe we are going to see this Interest Rate rise in september. In the currency markets, watch the Commodity Currencies hitting the worst year, hitting the aussie dollar and new zealand dollar. Usurping the also earnings power of companies as we
Drops of 16 . A lot of restrictions in place. Thanks declining by daily 30 limit. Onto treasuries advancing for Third Straight day. The drop in Commodity Prices fueling speculation inflation and growth overall not Strong Enough to prompt the Federal Reserve to necessarily raise Interest Rates in september. Really where the action is. Commodities chinese of my calling to a fivemonth low. To boost production within a week of sanctions ending. Copper a good barometer for chinese sentiment and sentiments on how the chinese economy is slowing down dramatically. Nymex and brent both down on this monday. President obama is taking his plan to fight local warming to the American People. He will make a televised address scheduled for the next 15 minutes. The president previewed his proposal by posting a video on twitter. The new rules aimed to reduce gain Greenhouse Gases cutting by nearly a third within 15 years. Republicans are already fighting the plan. The Senate Majority leader Mitch Mcconn
You can see the extent to which there is not a lot of advances. Sectors, upmallest just barely. Energy stocks down by 2. 1 . That the client is more than double the drop in the materials index, the secondworst performer. If you go inside the energy all 40 membersee within the s p 500 that are energyrelated companies are declining today. Alix and the lowest level since july 2012. Oil is completely rolling over, down over 4 . Brent oil breaking below 50 a barrel. That is pretty significant. Iran is talking about ramping up its oil production. Saudi arabias pumping a lot so they continue to oversupply. Bloomberge my terminal as to what is moving the tech market, and that is apple. Below right before 10 30 and continue to go lower. , its 9 n why we care of the nasdaq. Actually, 13 of the nasdaq. Scarlet and he has repercussions throughout all the indices. Now look at the stories making headlines at this hour. President obama ending his gas , grading the state more time and options. Was unv
Headquarters. Lets kick off this morning with breaking news out of south korea. Rosemer prices in july 0. 2 from the previous month. Economists estimated a rise of 0. 2 . Looking at the yearoveryear change prices, it rose 7 10 of 1 compared to estimates of 0. 7 . It is coming in line with estimates. Modest Inflation Numbers have been the norm for south korea facing challenges of sluggish domestic demand. Inflation has remained below the Central Banks target range for over 30 months now. That target range over 2. 5 . Members out of south korea showing inflation data rising 7 10 of 1 on a yearly basis. Lets check in on markets in asia this morning. To new Zealand First where we are waiting for the commodity price numbers. We are seeing a trending down 90 after some momentum for new zealand stocks. The new Zealand Dollar spot at. 6568. We are counting down to the openings of japan, south korea and australia. We are also waiting for data on japans monetary base. It closed down 2 10 of a pe