3 . Down about its already at volume low, down futures down about 2 . 2 . Features here are taking their cue from there. The dax in germany relatively unchanged. Deal, so theno ruble is weakening today. Yenstors are fleeing to the , although now we are at. 4 weaker dollar versus the end. Three pointoil down 32 . 3. 32 . Stanley is actually down about 20 . 8 . We are seeing some good numbers out of Morgan Stanley, but we are also seeing a couple of numbers where people are needing a moment to digest. John . John its been a while since ive been here, im getting a bit more control. Where was the big story in the last 24 hours, the biggest producers failed to reach a deal over the weekend. Saudi arabia refused to freeze out commitments from other producers, joining us now is libbyergs javier blas and joins us on the phone. The market has to work something out, the rally since mid february was about anticipating a deal. Javier there were several factors. Production in the u. S. Is coming do
8 . S p futures are down by 5 points below fair value. Dow futures are down 36. The nasdaq off by 7. Also take a look at what is happening in the early trading in europe right now. Red arrows there as well but these are a modest decline at this point. The cac is down by. 25 and that is the biggest decliner among the latest averages there. Overnight in asia, the nikkei dropping by more than 3 . Looks like shanghai and hang seng were down 1. 4 . Some of the reasons for japans biggest decline, the major exporters there suspending production after two earthquakes on kyus huru killing at least 4 people and rescue efforts are still underway. 246 people were killed and more than 2500 injured after an earthquake rocked Ecuadors Pacific coast on saturday. Hundreds of buildings were destroyed. Officials say there have been more than 160 aftershocks just since saturday night. In other global news, the lower house of Brazils Congress voting last night to impeach the countrys president , dilma rous
Guidance and the intel look, and they say they will layoff 12,000 workers as they are going to be focusing more on the cloud. And they talked about the layoffs in an cnbc exclusive this morning. Have a listen. It is a mixture of the actions to what to do to drive the company in the drirection w want, and how to accelerate the change and growth eareas, and when we did that, it came out to the 12,000ish number. And he also talked about the pc slowdown which is an area where intel does plan to scaleback. The areas that are flat to down are tending to be those mid to lowerlevel system, and both laptops, and degsktop, and it does not mean ta we wont continue to support them or bring in new innovations, but it is just that we will scale that innovation relative to the growth. So we will slow it down, and we will as far as the amount of innovation going into the segments, but we will support them absolutely. And of course, jon fortt brought us that interview in the 7 00 a. M. Hour. And he see
Rates begin to rise . Four reasons to be bullish still about the American Housing market ahead. And get a load of this one. American airlines actually flew the wrong plane from los angeles to hawaii. It wasnt certified to fly that distance over water. How in the world does Something Like that happen . That is the question were going to try to find answers to. But we do begin ty with the possibility of a rate hike this week, which would be the first fed increase in about a decade. Dominic chu has been taking a closer look at the stocks that are the most sensitive to a rate hike. Arguably by what im going to show you, investors and traders have already been positioning themselves for a possible rate hike from the fed. So you have heard it before, well say it again. Utility stocks are often viewed as one of the big sentiment gauges or proxies for what happens with Interest Rates. The reason why is because when Interest Rates rise or are threatened to rise, utility stocks tend to sell off.
Youll meet a former brewmaster from guinness who left the irish they are giant to partner in a new startup. Lets start where the day is just beginning. Tens of thousands of people filled the highways in and around hong kong. Protesters calling for free elections and the resignation of the regions chief executive. Cover the region extensively. It is already morning there. Everyone is having to work. About 5 00 a. M. In the morning, and many of those ,rotesters were there all night protesting in very districts to the east of where bloombergs asia headquarters is located. This is the Biggest Police crackdown since hong kong was returned to chinas rule some 17 years ago. They are calling for the resignation of the chief executive, like the governor of the city. These protesters tend to be young, they are college students, and they are very much inline with the new hong kong which is a hong kong that embraces a right to protest, embraces a right to choose their own candidates, and is not cl