As Iraqi Forces Advance on kir kuk. Road m as we kick off a busy week for earnings. Plus a win for workers, the white house pitching the tax cut plan countering democratic criticism and seeing middle class americans would see incomes rise. Eye on subs, netflix after the bell and is expected to hit another record today stocks are looking to hit record highs, dow and s p 500 coming off five straight weeks of gains. Yellen saying the ongoing strength will warrant a gradual increase in rates. Meantime oil prices are higher this fighting between iraqi and Kurdish Fighting escalating and wti up almost a buck. 600,000 barrels in play and you also have to believe the area being destabilized has made it at least for a couple of days you get over 50. Ive got to tell you, ive got at least a dozen Oil Companies i monday ter that will be in there selling again today. They have to sell because they are exceeding their cash flow. So when you see 52, you need to see a breakout to like 56 to realize th
Im sara eisen im wilfred frost good morning to you from me as well very good morning to you i dont get to say that often. Its been a lot of travel lately and im today youre off for work west coast, for work. Dont sound sosurprised. Wanted to clear it up lets get to the markets. Have a look at what theyre doing. The dow getting closer to 23,000 we hit the highs in the morning, then sold off a bit. We close up for the dow about 0. 4 less than that for the nasdaq. The s p was up 0. 2 . Telcos the top sector. Banks also did well as we saw yields pick up real estate and healthcare were the disappointing sectors. Essentially flat this morning. Yields did pick up yesterday that manufacturing data was better than expected really brought a smile to rick santellis face as well. He enjoyed that number 2. 31 the yield on the tenyear that slight pick up helping bank stocks as for the overnight action in asia. Sort of mixed picture. Japans nikkei continued to push higher, up 0. 4 . Loving that weake
Well. Happy tax day. There we go. April 18th. Make sure to file your taxes or get the extension. An efficient person already helped me out. Part of my move here. Oneyear of tax help. You have to do that. Next year i dont have a clue. Checking in on Global Markets this morning. After a strong rally yesterday in some soft action overnight, it looks like were under a little pressure this morning. Dow futures down about 31 points. S p down about 4. Nasdaq down 7. Low volumes during the trading day yesterday, but broadbased rally led by groups like the financials and the industrials. As for the tenyear treasury note yield, its been the center of the action lately. Weve seen lower yields. They ticked up a bit yesterday but down this morning. 2. 23 is the yield on the tenyear. So there continues to be demand for u. S. Government debt. Whether that is driving the demand for stocks, i did hear yesterday that as yields lower, it makes stocks as an alternative a must buy. Well talk about mr. Mnuc
Exchange, joining me today is kayla tausche. Coming to you live from washington, d. C. Where the world bank and imf are holding their spring meetings. Wilfred frost is on the ground in paris ahead of the French Election this weekend. Well get to him in a bit. Its nice to have you. Obviously weve chosen our music play list accordingly. Its nice to have you in my new city. Its Throwback Thursday, which is why you may recognize this song from several years ago. A special girl power edition of Worldwide Exchange. Throwing back to a few months ago when we worked in the same city. I will quiz you on washington in a moment. First, lets get to the Global Market picture. As for u. S. Futures, after a more than triple digit slide for the dow yesterday, down 117, ibm accounted for 57 of those down points as we continue to watch earnings. Things look firmer this morning. Dow futures up 36 1 2 points. S p up 5. Nasdaq up 16. Well get to amex earnings in a bit. Better than expected. Signs of life fr
More components reporting earnings today. Europe is mostly green and german wholesale inflation is at a six year high. And got some reassuring comments in the saudis yesterday. We begin with a big day for earnings. Verizon, black stone, travelers all reporting this morning. Bill oreilly is officially out at fox. So what does the network do now without its biggest star and are even more big changes ahead . Bizarre letter and a soccer ball seems to be behind kleinfelds ouster from arconic. And amex is going to do its part, rising in the market and helped by an increase in card member spending. On the flip side, verizon and travelers each posting earnings misses and i think fast called it the ding in the dow. Goldman, ibm. Today might be verizon. Verizon is clearly a disappointment. Travelers i would tell you you have to see through the catastrophe. I like the number. I know thats not necessarily todays business, but travelers had a good combined ratio. Very good underwriting so keep that