Trading, youre already going to see that things are fixed there as well. The dax is higher as well as the cac. Ftse relatively flat. The tenyear note. Yesterday the yield was settled in, back above 2. 4 . This morning still sitting at 2. 416. If you check out crude oil prices, which were slightly higher yesterday, this morning wti is up 28 cents to 4. 65. Couple big stories to watch this morning. British Prime Minister theresa may triggering a brexit. Signing a letter to invoke article 50. The letter with be land delivered to the European Council president in one hour from now. Todays actions mark the start of official divorce talks between the eu and the uk. Wilfred frost will join us at the bottom of the hour to talk to us more about brexit. Fed impending home sales come out at 10 00 a. M. Charlie evans, Eric Rosengren and John Williams will start to speak later today. Well watch for that. In an interview on cnbc yesterday, which hopefully you did not miss, because we told you not to
Could be costing the u. S. Billions of dollars. Well bring that any moment to you. Also at the white house, House Intel Committee heads are reviewing documents that could shed line on any surveillance of the Trump Transition Team. We have a live report on that coming up. Attorney general Jeff Sessions says sanctuary cities may face more backlash from the administration than a loss of funding. More on what else the government could do. David well get to the stories in a moment but first, the markets and the dow down for the day and for the month. Look at how the blue chips finished the first quarter, up almost 5 . Ending higher for the sixth quarter in a row. This is the longest winning streak in 10 years. Phil flynn of price futures has the status on oil and gold from the cme but first to lori rothman at new york stock exchange. How about that, the longest winning streak in a decade. Who were the biggest winners . Adam is there. Forgive me, adam. You dont look like lori at all. Go ahea
Day of the year. In fact, more than a year in boston and now you are talking frost and freeze watches . Harvey yes, quite a contrast. How about yesterdays clouds rain and all of that stuff compared to todays cloudless skies. It is already down to 50. 51 at orange and 51 at keen. We are just beginning the evening and not only that the winds have been gusty. Now the winds are starting to die down. That process will continue. Combine that with skies and the very dry air and the recipe is there for a chilly night. Weve got frost advisories and freeze watches and the only reason this area is not included is because it has already happened. Certainly there will be a frost or freeze there as well. The one area to escape is right along the coast. Otherwise you have to protect those plants overnight. Let you know where were going from there in a few minutes. Ed tonight a new fallout. Paul ryan says he will no this as clinton releases a new attack ad letting trump do the talking. Heather here is
Im wilfred frost. Good morning to you. Lets look at global stocks this morning. Starting with u. S. Equity futures. It really has been a tale of earnings especially on the dow. Yesterday pulled up by procter gamble, pulled lower by 3m. Dow futures under pressure to the tune of 62 points. S p 500 futures down about 8. Nasdaq down about 26. As for the tenyear yield, we are going into a heavy batch of Economic Data. 176 is the yield. Thats sort of in the mid point of the range that weve been seeing, 170 to 180 a few weeks ago. See if we can climb over that threshold. The betting odds are that december is a go. November not so much. Exactly right. Yesterday we did see in terms of quantity more beats in the Earnings Releases that we saw than misses. But there was some high profile misses on stocks that Consumer Confidence data also had, also oil prices slipping below 50. Apple after the bell a big weight. Thats a factor on futures. Lets look at european equities. Theyre in the red. Quite si
Banks. Bit ofwe are seeing a unusual action and commodities after the rally. We are seeing a steep come down today. The bloomberg Commodity Index having its worst day since. Urglary nine, down 1. 8 9 worst day since february mud down 1. 8 . Down after aces climate inventories that have been steeper than estimated. Over 9 Million Barrels added to u. S. Inventories last week. Gold futures also lower and copper also taking a hit. It is not only about the inventory number, its about the strength we are seeing in the u. S. Dollar. The euro and pound are falling burst the dollar, the dollar strengthening versus the japanese yen. Ofheard from James Bullard the Federal Reserve speaking to Bloomberg Television and radio. Once again raising the prospect of a potential rate increase sooner than some Market Participants had been anticipating. This adding to the commentary weve been getting recently from other fed officials to that effect. Commodities and the increase in the dollar, what does this