The dax strip back the stoxx 600, the miners, the energy stocks. Here is a novelty dollaryen not lower, it is higher, up. 4 of 1 . Thest gain for some first game for that currency pair in some six days. This is why you are seeing the reaction on the screen. Treasury, yields are a little bit higher on todays session, upee paces points three basis points. Here is vonnie quinn with the first word. The democratic nomination is growing bernieingly testing with sanders saying this week that Hillary Clinton is not qualified to be president. Bernie sanders i have tried to run an issue oriented campaign, which is what people want to hear. Then just do not want to hear us attacking each other every day. I want to say that we are getting attacked every single day by the clinton campaign. We are going to respond in kind. Vonnie both white house for als are gearing up crucial primary in new york state 11 days from now. Republicans are eager to defeat Establishment Republicans are eager to defeat do
Said to plan an offer for yahoos with business, including its japanese arm, sending shares in tokyo surging. You are welcome to countdown this friday morning. Im manus cranny in london. The cynic in me says the markets are preparing for something much more insidious to come. Lets focus on the yen. Has the yen run it smile . This is where we are seeing dollaryen on a time frame, high noon for the yen in the United States. View at theo be the moment. This was new york yesterday at 11 00. 4 00 in london. Midnight on the orient express. We see the market begin to turn around. The voices of intervention are rising. The high for yen was the strongest since before qe. Weve had a fiveday rally. Up2. 8 against the pound and 2. 6 against the dollar. The biggest moving yen was against the pound. Bank of america says get ready for appreciation. Nomura says the level at which you see appreciation is 105. A friend of the program was spoken. He says they wont intervene on dollaryen until you trigger
Growth, but the u. S. Economy is doing well. Admitsd David Cameron that he and his wife own shares in a panamanian trust set up by his father. How hard will the revelation hit . Good morning, hans. A couple stories dominating. The first is whats happening in the financial markets. A move in the opposite direction, but nevertheless, everybody is on hooks waiting to see what the japanese will do. Then you have this story with David Cameron. When you and i caught up this morning, i was surprised at how dominant it was in the german press. Hans you know, when i was in the public broadcasters this morning, they all lead with the David Cameron story, the idea that he wasnt upfront. Dominating coverage here as well. In some ways it is the extent to which germany is concerned about a brexit. A great deal of concern about whether the u. K. Will leave the eu. Germany doesnt want that. Guy yeah. All things seem to revert back to brexit. Fascinating to see how it draws back into that story. Less t
Ten points. The nasdaq off by 22. Crude oil prices were up sharply overnight, topping 40 a barrel. First time weve seen that in quite a while. That came after the announcement yesterday of a surprise job in u. S. Inventories. However, wti has turned around since then. Looks like we flipped that contract, too. If you were looking at 40 overnight, were now looking at the may contract. Thats a decline of 7 cents to 37. 69. It will be interesting to see how this new contract plays out. We did see a huge gain in crude oil prices yesterday. The other big mover this morning, currency. The dollar hitting a 17 hch month low against the yen. This came after the minutes from the last months fed meeting suggested that the central bank is unlikely to raise Interest Rates before june. There were a lot in these minutes, but most people are looking at the doves comments after what we heard from janet yellen just last week. Brian . Some corporate stories to talk to you about this morning. Just go right
That hype. Making our call of the day. Its founder with us live today from miami. Ronnie, welcome to the program. Thank you for having me. Regards to mario. I just met his son a few weeks ago. Why make this call . The valuation is completely disconnected from what my analysis is showing me. The market is treating tesla as if its the equivalent of a gm or ford when, in fact, the revenues for ford and gm are 20 times what tesla is. On any me tritric that you look it the market spriesing in a best Case Scenario disregarding all the threats and concerns that i have looking out a few years and i think that a lot of the recent buying was fuelled by Short Covering and if you look at what happened the last time the market collapsed in january, tesla when down to 150 a share when the high pe names went out of favor. Are you doubtful that they can produce the number of calls they think that they can . Or that these amazing order which is they have been over the past week for this new model 3, ar