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in the next three to six months from opec s new secretary-general to the potential for more supply disruptions. we will look into the major market drivers for crude. in two hours.g stocks are down. reversing those gains we saw the last couple of days. my: right now, we are paring most losses that we saw out of the payroll jobs number that we saw earlier this morning. let s take a look at the snapshot of where we stand. the nasdaq is down the most, .7%. the dow, .3% there. the s&p intraday, we can see right out of the gate after the payrolls came out way worse than expected, we saw the big drop in big drops plunge and this plunge at 10:00. we are paring some of that and off the session lows, but still down about .4%. i want to show you what s been happening in terms of the sectors for the s&p in terms of volume. the falls we ve been seeing throughout the day have been coming mostly from this blue bar chart. this is the financial sector. 65% in terms of the volume again ....
now, almost one full china, if you want to use that as a measure. in any case, it is really about money finding a place to park. looking at asia, nine-month highs. a lot of this has to do with japan really pulling its weight. up 1% there, on the index. down to the japanese yen, we 107, a two dayo charge. as high as 107.48 at one point. now, weunch break right will watch closely. talk is louder about a spending program. we don t know the details, we are hearing reports coming out of japan. coming up with a number, 20 trillion. we will get a final number there, that is not speculation. , we are notupiah sure what time, they do not usually come out anytime, we usually get that in the late afternoon. economists are saying most of the 2016 rate cuts in the reference rate, we have a split here. move, not justl yet, but that being said, look at the expectations. , lookingwith indonesia at australia, 92% likelihood that indonesia moves. moving lower, lifting the tide overall. w ....
donald trump talks tax. he puts out his vision to return the u.s. economy to its glory days. good morning. welcome to countdown. markets are big. equities are racing higher. is experiencing a he puts out his vision to return the u.s. economy to its glory days. stumbling blg block. we are on the longest losing streak since may of last year. sincengest losing strict streak since may of last year. people are beginning to really understand what the brexit means for the currency. barbecues beat brexit. do when thebrits going gets tough? shopping and have barbecues. retail sales are where the market has taken us. is there more easing or pain to come? let us look at the risk radar. i ve mentioned equities. they are racing ahead. mse i asia is up 0.5 msci asia is up 0.5%. something which has shopping ane barbecues. retail sales are where the market has taken us. which it .s not pumping ahead is nymex oil falls as these informal oil that are notely likely to talk about s ....
all year long. that is a rally of energy and materials. this was called the dash for trash trade. is it now the global recovery trade. it s the global reflation trade. whether it means the world s okay or not, i think are two different questions. whether these things were oversold or not is part of the story. the fact that i think commodities have put their bottom end, and that s i m not going to hedge it saying it depends on what the dollar does. we come to a place where a lot of supplies have been taken offline. you ve taken a lot of supply in the oil space. you ve got bankruptcies. places that things that people wanted to see you have the ridge count numbers, doha collapsed, and here you have oil. i think it s telling you that we re in a place where a lot of the trades are getting back to a place where i think you re starting to see a bottom. it doesn t mean that the world is a whole lot better. in the case of volatility these are still names, folks, you better b ....
year. but keep in mind we are still about 20% lower than where we were one year ago. the question, of course, now is where do we go from here? let s bring in our all star oil panel now. lima croft of rbc capital markets and john. two things, number one, you called this nigeria thing back on january 27th. yes. congratulations. thank you. is the output cut that s happening in nigeria enough to sustain higher prices long term or just short term activity? one thing about nigeria is we had supply outages in the past and they lasted a long time. what i keep telling clients is if nigeria goes off line, it s sticky. they re intent on shutting down production and they have the capacity to do. so it s the biggest upside ris nkt oil market. is there any other sector where you have a group called the avengers having an impact? this is what they re calling themselves. it s really a men take two. there was a group that kidnapped oil workers, shut down facilities and par ....