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A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the market picture. The nasdaq up yesterday a percent, the s p just less than that the dow up a half percent. We had nine out of 11 sectors higher led by telco and energy this morning were expected to open higher, about 79, 80 points for the dow. The s p up 6 points. The nasdaq up 32 points. Tenyear treasury note yields rose again yesterday. Up to about yesterday we got up to 2. 66 today 2. 62 the trend of late has been a rising and steepening yield curve. Asian trade for you, strong across the board we did have a bank of japan meeting which, as expected, kept things in line as they were. The statement also very, very similar to last month. The nikkei rallied 1. 3 . The yen not doing too much off the back of the season a strong session across all of asia we talk about the rally thats continued at the start of this year the likes of hong kong up sharply ....
Playing at the semifinals. This was on her request for the calendar year grand slam. Only one year left to go. There was a lot of excitement last night. Much of it happened off the court. Although what happened on the court was good too. Check that out. Jimmy fallon and Justin Timberlake watching federer play. First the market news of the morning. The u. S. Equity futures. Yesterday it was a huge sell off. It was a decline of over 400 points. From the highs to the lows of the day. The dows closing at the lows. Things are already turning up. Nasdaq up by 49. We also have a news maker for you this morning. David tepper is going to be joining us for a squawk box exclusive. This is the guy that called for the federally. The fed put. Were going to see what he thinks right now a week before the fed makes his next decision coming up at 8 00 a. M. Eastern time. Lets tell you about the other big stories were watching this morning. Econo ....
Stories this morning. Deal news dominating this morning. Valeant ends the buyout deal for allergan. They made an unsolicited deal last spring. It looks like the soap opera could end, 210 is more than they expected. Hackman and valeant are going to share the profits that ackman has reportedly made with the stock at 40 . This is a winwin situation because of the way he structured this. But valeant shareholders effectively split the profits with ackman. With the purchase there. Thats pretty interesting. We will see what they can do. I think that 210 is sort of a knockout blow. But because the expectation was that valeant could only go to 200 or 205. Valeants ceo said they were going to be getting great tax benefits out of the deal. So the question is, what does ackman get out of this . Did you just say that the stock is at 213 . I could be wrong. There could be a higher bid potentially. Wow. There it is. Look at you. Always good to be right. Well, i dont know. Maybe theres more to be had ....
I am filling in for Erik Schatzker today. He is off today. You know why . We are breaking economic news. November existing home sales are officially out. Our economics editor, Michael Mckee, it is at his desk cranking away with the headlines. That news and we do not know why. Right now we see existing home sales fell on the month by 4. 3 . The worst performance of the year. A lot of people may attribute this, and it is a good that it is through to the fed that pushed morgan rach up Mortgage Rates up. Two or three months ago when rates were higher, we have also had some bad rather bad weather. The final reason is that this is not the prime selling season. People drop off as you go into the winter and get closer to the holidays. People are buying less homes than they do in the summer. It is not good news for single which ar ....
Central bank will widen the countrys trading ban. And janet yellen says she needs a firmer handle on the data before she can blame the weather for recent weakness. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to the show. Plenty of moving towards surrounding ukraine. Absolutely. We just heard in the last few minutes the ukrainian Prime Minister separating out the political noise were hearing for the economy. He said theyre taking clear steps to provide the ukraine with International Financial aid are being taken right now. They accept the ukraine is independent. They hope to boost reserves and stabilize the situation there. They talk about the imf here, too. They expect record credit instrume ....