Income of two under 40 million 214 million euros. Less than 30 minutes away from the European Equity market open. The pace is being set by what is happening out in japan. Let me sure you what is happening with the expected to some of the stock stories are interesting. Let me show you what is happening with the expected open. Some of these stock stories are interesting. We are going to open lower 100. E foo ftse Deutsche Bank is expected to open 3 to 4 higher this morning. Look at the story coming out of asia, absently fascinating. Thinking when you look that is negative rate so tory . Draghi has already made of his mind. The dollar yen is on the move. The nikkei is falling. The kiwis are getting very excited about their currency as well. This morning. Reen they are watching very carefully to see what will happen next. 8 thisde is down by morning. Lets bring this all together very nicely and get you to the first word news. The press conference with kuroda has just started. David inglis
In the early trade in the european markets right now, youll see that at least at this point, there are some red arrows there as well. Looks like the dax in germany is down by 0. 4 . Right here in the United States, it looks like the dow futures are now 71 points below fair value. S p futures off by 12. Among this mornings other top story, were watching the price of oil. Crude oil under pressure again today. This follows yesterdays drop of nearly 3. 5 . That drop came after opec said Global Demand for crude would be less than previously thought this year. In Corporate News, jpmorgan reportedly wants to sell new securities that would pass along the credit risk on 1. 9 billion in mortgages. This has been left to the government for the most part since the financial crisis. The wall street journal reports the bank is expected to price the residential mortgagebacked deal over the next two weeks. And apples response to the Justice Department is due today. This is the latest chapter in the dod
Actions of public companies. If you look at the companies with stocks that currently trade, you might not see the oncoming train of a private Company Coming right at you. Thats why we travelled out west to sit down with all sorts of privatelyheld companies to hear what they were up to and how theyre going to disrupt industries. Its why we check in with cus of fledgling companies. When dont want you to be surprised. I have been dragged kicking and screaming into the new era but not necessarily how you think. Half dozen years ago a group of us from summit, new jersey, decided to buy an in down the block from my house. I have been known to whip up pretty mean scrambled eggs there. I am working on poached ones. We didnt know anything about the lodging business. The building seemed nice. I thought wed have needs like around the clock coverage to check people in, get them out, get them to pay. I thought there was no way anyone would hear about us unless we spent time and money on advertising
Up. 4 . 500 is the dow is up half of a percent. We are coming off session highs. Has just hit is 50day moving average. My terminal look at right now. Hold on one second. I have an employment reminder i needed to get rid of. Ands look at the s p 500 the s p sectors. Energy is up right now by 1. 2 . Half aials are up by percent. These are all helping todays advance. That, i want to look at airline stocks. Airline stocks also trading today. A year in 3 gain holiday travel. Delta air is up by 2. 75 . Spirit air also getting a pop. The reason behind this is that the trade group, airlines for america, is forecasting a 3 gain in year end holiday travel. Also north American Airlines boosted atlantic capacity by 2. 7 in october. Lets take a look at the dow jones transportation index. Six cents. About it is important to point out that this index is down 16 yeartodate. Treasuries, the 10year yield is unchanged. It was up by about two basis points. This is earlier where it had. Een a space jump in
S p futures up by 8 and the nasdaq up by 21. Quarterly results coming out from home depot. Heres whats happening. The company beating estimates by 4 cents with profit of 1. 36 a cha share. The Home Improvement retailer also forecasting full year profit and thats also exceeding estimates. Well talk about that in just a minute. Among the other big stories, the dollar hitting a 7 month high against the euro this morning. Among the reasons, expectations that the fed koul begin to raise rates next month. A lot of whale watching on wall street as some of the most powerful investors reveal their latest portfolio moves. Carl icahn swapping his stake in ebay for the same number of shares in paypal. The activist investor also disclosed his position in iag. Now we know the numbers. He has been calling for a break up of that insurer. Also David Einhorns Green Light Capital had a tough time of it boosting its stake in apple in the Third Quarter. Hedge fund also upping its holdings of General Motors