Eventuality of striking an agreement to reach this bridge agreement that will lead us to a new, shall i say, social contract with our European Partners within six months. A contract for growth, social cohesion and forgetting greece out of the crisis. He wants to ease the terms of the bailout deal. According to officials germany will not insist they greece live up to all the terms. German gdp rose 0. 7 more than twice as forecast. The French Economy slowed down. Italy stagnated after two quarters of contraction. The news about the German Economy sent the dax to a record. It broke through 11,000 for the first time before pulling back. Equities are at a record in the u. S. The nasdaq composite is close to a 15 year high. Here we go again. Rollsroyces profits fell 8 . President obama hosting that conference on Cyber Security. He wants companies to share information. For Big Companies declined the invitation. They are mia, but they are sending representatives. Peter, what is up with this va
Two if by sea. Jane wells covering the problems out at the ports. She is live between the ports of l. A. And long beach, and, diana olich is on the land. Surf and turf here. Shes on the land in washington. Interest rates rising. Home Sales Numbers not. Diana, youre first. Well tyler, look spring housing is not getting off to the best start. Higher Interest Rates in a pitful supply of homes for sale are squeezing potential buyers. Now, Weekly Mortgage applications showed just how sensitive todays buyers are. Rates rose to their highest levels since early january. 30year fixed at 3. 93 . Its still under 4 . Even at that historically low level, applications to purchase a home dropped 7 for the week. They are barely 1 higher than one year ago. Rates moved even higher where heed. Does that mean real cash money . Well a borrower taking out a 200,000 mortgage today would have to pay just 42 more a month than they would have if they had bought on january 1st. Now, that might seem like chump ch
Money. Why not simply find it amongst themselves a way to transfer this funding . Betty investors are showing confidence in the reform plan. Almost 8 million done thomas a hundred Million Dollars return to the banks on tuesday. A truce was supposed to start 11 days ago but ukraine says separatists violated it repeatedly. Ukraines currency has fallen more than 50 against the dollar this year. A ban was lifted late yesterday. It is now up to the house to stop the partial shutdown of Homeland Security. The senate struck a deal on the 40 billion budget for the department. They will attempt to block president obamas executive order on immigration. He spoke about that in a town hall meeting in miami. What we said to republicans is instead of trying to hold hostage funding for the department of Homeland Security which is so important for our national security, fund that and let us get on with passing Immigration Reform. Betty some House Republicans say they will not back the senate plan. Home
Elimination of a single word. Patience. Will the fed lose its patience . Will it stay in the statement . Will it be gone for good . What will it mean . Will it mean another taper tantrum in the markets. Also high on the agenda this morning, everything else. Look at the tenyear note theres the yield at 2. 05. Gold down just a little bit. West texas up just a little bit. And the euro lower. It just takes 1. 06 now to buy a euro. Mandys out. And as i mentioned, sarah joins us from the nyse. As you mentioned, all ten s p sectors are actually red today. Materials, consumer staples, and energy getting hit among the hardest. Bob pisani down here ahead of the fed release tomorrow. Lets talk about those Energy Stocks that made a turnaround. Its very hard to put together two up days. I want to show you the s p 500, where were coming off of the bottoms, but not by too much. Were still in the red. And as sarah mentioned, its energy that you want to watch. Now, this happened yesterday and its happe
This is the major catalyst. After the Company Announces this major restructuring, its not only divesting this business it will return 90 billion to investors through dividends and stock buybacks by 2018 bill. The dow component soaring trying to close at its highest level in nearly seven years after the Company Announced that restructuring. We went over all that. Juke see you can see what the major story of. The other big story, apples watch. Its ready for preorder but its already sole out. Its backordered until june. Will consumers make this the next big blockbuster. So far so good. Well hear what the experts have to say and whether it moves the needle needle. Apples stock. Also Japan Bringing aboard a legendary film icon to scare up tourism and you wont believe who or what it is. You wont want to miss this story. Its all ahead on closing bell. Here is how we trade going into the final hour of trade for the week. The dow up 98 points now. Thats the better performer of the three major a