Yes, inflation has come down. We have gone through a string of lower inflation. I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and the market has gotten a little short as well. And it plays into that and trend and the market has gotten , a little short as well. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and starts to reduce th
As much as they used to. Well bring you the comments first, a classic trump trade. That fell sharply today. Transports now on pace for their second negative month in a row. And the airlines in the group hit the hardest. Delta, jetblue, southwest, united airlines, all near or at bear market territory, which means 20 off their recent highs. Which were just last month is this sending a warning sign to the rest of the market . Is it a sign there is more selling to come . Sara, great to have you with us thanks for filling in. Its a long day. 2015 transports had a miserable year at the beginning of 2016 it was off to the races i think tim was early on that one and correct. I have to tell you something it is not just the airlines, as you mentioned. Railroads have been under pressure for the last few weeks. Federal express was quietly sold off a few percent. A name like priceline, impervious to any bad news seemingly has sold off one thing i have said for quite some time now, the iyt transport
The asx 200. 3 , a fresh record high. Now holding at levels we have not seen since august 5 last year. From consumert stocks today, also real estate. Yesterday was the material players, a switch out there, but some weakness from emerging markets and hong kong. Development stocks are in focus today. See there are only two stocks out of the 50 listed in the black. Elsewhere, insurance players , oil holdinge steady around 53 a barrel, weakness in the shanghai market. Willing to putot money back into equities ahead of the end of the year. The offshore renminbi weaker following the pboc fix today. You are seeing the yen flat after hitting that 10 month low against the dollar, 117 handle. , aterms of the commodities boost in the aussie around. 2 , emerging Market Countries being sold off, so a Dollar Strength story. Down. 2 percent, but mixed in terms of the overall equity picture today. Lets get to first word News Headlines with sophie kamaruddin. Aramco will continue to explore an ipo in j
Overall. You can see germanys dax regaining some of the losses, france is the only major indices in the red right now. The tenyear note yield very important, one of the reasons why the financials have performed so poorly and there is that yield, down just a bit, 2. 362, although this is right around where we were yesterday. As for oil, up and up rather nicely. And the latest s p case shiller home prices report, prices up 5. 9 in january compared to a yearni year ago, faster than the 5. 6 economists had been predicting. As for the road map, ford expected to announce significant new u. S. Manufacturing investments this morning. The automaker receiving high praise from the president. Plus futures are pointing to say flat open, the dow seeking to reverse course from the longest losing streak now since 2011, six years, and yum brand ceo reid will sit down exclusively with our own sarah eisen. Nobody elses. She is a road warrior. Lets deal with the bond issue up front, about an hour ago we g
The dow was down about 145 earlier. Technology and financials have chip makers suffering. Transports down 1 . United continental the biggest looser and they have been a looser on a lot of fronts in the past 48 hours. Gold up more than 1 , on track for its biggest gain in three weeks. Thank you. Here is what else is happening at this hour. Starbucks is moving beyond coffee wi coffee. A new lunch menu at more than 100 stores in chicago. A management selling hostess brands. Small Business Optimism falling off the post election highs we saw. Running out of steam. We begin with the nations top ceos back at the white house today. Live at the white house with the latest. Reporter it was the president s 13th meeting with American Business leaders, his 15th meeting if you count Business Executives from germany and canada, all of this within 12 weeks of office. Todays meeting was the second such meeting. The largest multi nationals in the u. S. Were here visiting with the president , visiting wi