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Expects them to reach the 2 target in time. Baileys has revealed it is under investigation by the sec. The probe is separate from an existing investigation into the company. Valeant is also facing questions about its ability to cut debt. The Share Price Fell more than 18 . ,lobal news 24 hours a day powered by 2400 journalists. Guy busy morning. Welcome to on the move. We are counting you down to the european open. I am guy johnson alongside hans nichols. Barclays confirming it is selling its African Business. Jes staley telling bloomberg there was a difficult decision. We will break down whether he is making the right move. Glencore posted a 69 slump in profit. Afterl talk Miners Glencore reports that net loss. And the slowdown stevens. Steepens. Fresh figures from china. Alan greenspan tells us that chinas economy ....
Selloff in oil prices. All the major averages are the work of the dow is only off by. 2 . The nasdaq and s p are almost and i get this point. You have seen the bounce weve seen off the bottom. Oil prices indeed are lower today. They made an attempt at going higher fight. 5 . Since then they have turned over by 3 . Analysts are forecasting another build in inventories. Gold futures are higher very, very slightly. There is bit more of a risk off sentiment in todays session. We are seeing buying in treasuries today. That is sending the yields lower. David julie, we are going to talk about this in a moment with Oliver Renick waiting in the wings. Julie it is a little bit unusual, because on days that ive been down days recently, big cap tech has been leading the way down but that is not happening today. The socalled fang stocks are strengthening in todays session. Not a lot of catalysts here. Just seems to be a bit of a 100, within the ....
Of banker andrew casperson, he appeared to have it all. Now he is accused of a 25 million fraud. How his employers and clients missed the warning signs. What a story that is but lets head to the market desk with julie hyman. We will take a look at the latest numbers. Julie Consumer Confidence for march is rising. This is the confidence number. The 94 which above was the earlier revision. Read and it doesnt tend to move the markets march but it adds to the general picture of the u. S. Economy. If you take a look at what stocks are doing today, as people await janet yellen speaking, lets take a look and we are seeing a pullback but not much. The nasdaq is lower as we go into the meeting. I want to take a look at other meetings to see what they are anticipating janet yellen saying. Remember in the most recent statement that janet yellen set a dovish tone that since then, we have heard from other fed officials, who appear to be m ....
Turned higher at this point despite eight despite a tough as caterpillar, general electric, microsoft. The nasdaq is taking the biggest tumble of the three major averages. It looks like energy is the best major group at this point. Because of financials as well, this is pulling stocks back up. You look at what is going on with energy, oil prices are up by nearly 2 . Southwestern energy, one of the energynergies companies to report its stock, has gone up. Within the financials, we have also had earning it news, and that includes suntrust and eat Tree Financial as well, 3. 5 eTree Financial at 3. 5 . David all right, some gains, but what about the tech stock . Have tech stocks do not an insurmountable problem, but still, it is a pretty tough slog. Microsoft, as i mentioned, projections,sts and visa, you dont think of it as text, it is coming out with earnings, but also saying i ....