Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We have some weakness here. D. R. Horton, all lower after existing home sales for the month of december missed the survey a little bit. Daca have to do it tax reform. Investors not likin
Ups, we saw safety stocks but you can see the headline market moves not that dramatic. That is something we will be watching for. When you look at the big mover, cocacola was the biggest drag on both indexes. It fell as much as 5. 5 , about 18 months were 18 months worth. Exceed analystt estimates. Investors want to see more evidence of a turnaround and did not edit from the latest set of results. Andut its year to date gain half and is only up 4 . Joe we keep saying this every day new lows in japanese bond yields. Again, hitting a brandnew low. An opposite story while equities were quiet, we saw a decent jump up in the curves with a twoyear yield hitting. 8 percent and the tenure jumping up to 1. 85. Lets check in on some currencies because even though everything has gone quiet in the stock market, there is quite a bit of volatility in currencies, specifically emerging markets currencies. The turkish currency is at its highest level after the Central Bank Governor cut rates in line wi
Area. He Inflation Forecasts are the real key. The australian bombshell. There is a time to her three times every year where the wind shifts. This morning feels like that. With the australian shock of new low rates. Of deflationregime and disinflation fighting going on as we speak. Francine its something we have been trying to fight. I guess this is a shift in the wind. Realization that Central Banks seem powerless when it comes to fighting inflation. Lets go straight to bloomberg first word news. Republican president ial front runner donald trump may be on the verge of delivering a knock out blow. Poll shows trump with a 15 point lead over ted cruz. Cruz says he will keep campaigning in a longshot bid. For the democrats, Hillary Clinton and Bernie Sanders are in a tell you race in indiana. 90 of the delegates she needs to become the nominee. European companies are rushing now that International Sanctions have been lifted, but they are doing it without their favorite banks. Many of eur
Recorded Net Income of $80.2 Million Generated Operating EBITDA of $116.5 Million, up 27% From the Previous Quarter Increased Average Daily Production 1% to.
Recorded a Net Loss of $11.3 Million Generated Operating EBITDA of $91.9 Million Delivered 41,586 Boe/d Q1 Average Daily Production, 41,800 Boe/d YTD Average.