Down. 4 . Downllate inventories was 3. 8 million cubic feet, when we were looking for a build. Ninthsting report for the straight week of drawdown, and a big one, mark. Mark take a look at where the equities are trading. 30 minutes away from the thursdays session. Little change for the benchmark stoxx 600. This is the wonderful gmm function. What you can, ireland, germany higher portugal, ireland, germany higher. Greece is lower. The euro this and continues descent continues. Bonds, commodities from your other 2 columns, mixed there. , higheriveyear commodities. Aluminum, natural gas, the other ones we are focusing on today. The economy feeling the first fullyour acceleration since 2010, underpinning global growth, giving authorities more room to purge excessive borrowing. Gdp up 6. 8 in the fourth quarter. Turnaround is too strong a word, says our bloomberg chief asia economist in beijing. He says there is still a mountain of debt and major structural challenges to address, but compar
A positive upward momentum we had recently. Be one of the reasons we are seeing a pause. Stocks have gotten too overheated levels, according to several measures. One of them is the 14weak relative strength index. We have a chart of it here for the s p 500. Line,y, this of her red when this goes over that redline it indicate stocks are overbought. On the bottom you have a green line that indicates oversold typically. So we have a record level for this 14weak indicator. If you look at the 14day rsi come it shows the highest since 1971. Momentum indicators have gotten a little overheated, and that is something investors have been talking about. Individualk to the stocks, watching some of those financial earnings as they come to a close. Morgan stanley, which has been bouncing between gains and losses this morning is holding onto a gain of half of 1 as the companys Wealth Management fees climbed to a record, raised its target for return on equity. On the flipside, bny mellon reported inlin
This calendar year. 27 of the s p 500s gains many this year alone 2018 come from amazon and it touched 1500 dollars share right now 1496 were also talking that truly remarkable emotional event at the white house where President Trump listened to people directly impacted by School Shootings and hes responding with his actual policy this morning. Well get into that as well and the president will be holding another event at the 11 30 eastern discussing School Safety state and local officials. Well, of course, take you there live. As always a jampacked three hours for you Varney Company about to begin. Because my daughter had no voice. She was murdered last week and she was taken from us. Shot nine times on the third floor. We as a country failed or children. This shouldnt happen. We protect airports, we protect concerts, stadiums, embassies, the department of education that i walked in today that has a Security Guard in the elevator. How do you think that makes me feel . In the elevator t
Financial times, disheartening. One in five americans are receiving government assistance and now president obama saying lets give out solar panels to the poor just what we need to gre the economy. We havent forgotten about hillary giving the first interview since announcing her campaign. And she blames republicans for everything. Poor hillary there. Varney company is about to begin. All right. Guys, weve got a ton of news for you this morning and we have now breaking news all United Airlines flights are grounded, they say its due to a Technical Glitch. All flights, all airports are grounded, a big problem for travelers. We have a live look at Ohare Airport and thats on your screen now. Thats the giant united hub. If you have to go through there. The big story now liz the big story, there has to be something more to it than to be causing all the flights to be canceled. Charles this is worrisome because a lot of people are worried about Computer Systems worldwide particularly involving
People. We will also be listening to closely to what the president might say about the american economy. It all comes off fed chair Janet Yellens testimony earlier today where she continues to prepare investors for a likely Interest Rate increase this year. If we get that it would be the first Interest Rate hike in america in nine years. Lets go down straight to eamon javers back at the white house where we are awaiting the president. Reporter thats right. The president s going to take some questions here from reporters. We can expect that whats on his mind is that deal with the iranian signed earlier this week. We can expect hearings beginning on capitol hill as early as next week. This is going to be a sales pitch series of comments here from the president. But as you point out, we dont necessarily know what all the questions from the reporters will be. He possibly will get some questions on the u. S. Economy, how it is faring also the global situation. When it comes to iran though e