Australias biggest business bank. Theteargas returns to streets of hong kong as police and protesters clash again. First, lets get you started with a quick check of the markets close on friday. S p 500 index seeing the biggest fall in seven weeks. Of course, there are people just waiting for any sign of progress on the u. S. China trade negotiations. At the same time, it was a shorter trading day just after thanksgiving before the weekend, so it was 16 below the 30 day average. Energy and Consumer Discretionary leading the declines. Nasa fell and nasdaq fell half a percent as well. We have the opec plus meeting this week. There are signs they may not want to cut even further at the moment. Lets see how things are shaping up in asia. After managing to cap a third month of game, asia stocks tech starting december trading, nikkei futures up more than 1 in chicago. Ross mcewan starts monday as the bank faces a list of challenges. At the weekend, the australian newspaper reported they faile
Field tonight. A treasure trove for lawyers and hint, hes mad as hell and hes not going to take it anymore. Varney company is about to begin. Lets get to it. The markets, that is. Were going to be down at the opening bell, 70 or 80 points, were all over the selloff, how bad is it going to be and we will be asking that question for three hours. The price of oil bouncing no, not bouncing down, back at 40. 87 per barrel, again, were looking to see if it drops below 40. Were showing 39 on the screen at some point today. Well see. Gas, good news, the pace of the decline in prices is picking up steam, down about two cents overnight. And big names, we talk about it every day and boy did they get beaten up yesterday. Do you buy now . Here is the closing prices from yesterday. Netflix, 112. Apple, 112. Facebook 90, amazon down to 515. Jo john, taking a vacation from his mansion in bermuda. Are you going to reassure our viewers that maybe this is the time to buy a few bargains . Not necessarily
Hearing from honeywell as well. A few reports of note, 9 15 eastern time Industrial Production and then at 10 00 its Consumer Sentiment and the jolts report. Thats the job earnings and Labor Turnover survey thats closely watched. Big stories this morning, investors putting money to work in the latest week. The u. S. Stock based mutual funds attracted 2. 5 billion. This reversal following 8 billion of outflows during the prior week. Also in global news a big test for greeks left wing Prime Minister today. A penalty for early retirement and expansion of property tax. Cleveland fed president is addressing recent assent among policy makers. They have had different views on Monetary Policy in the last week. This isnt surprising and is the result of what she is calling cross currents in the Economic Data. She argues the central bank is trying to be as clear as it can on its rational for policy. Esther, who is there . Esther george was but loretta is an old name isnt it . Like a classic name.
In 2015 on a separate payment that will not be paid. However, the vast majority of the more than 700 million that the island owes on monday by midnight on the 4th will be paid, including importantly the general Obligation Bonds that amount to about 330odd million dollars. Widely held by many mutual funds, Something Like 45 of mutual funds that invest in munis around the u. S. , melissa and brian, are exposed to some of that paper. And thats why were following the story. Kate, thanks so much. Well keep you posted on whats going on in puerto rico. This is power lunch. Im melissa lee along with brian sullivan. Oil is getting knocked around today, no surprise. In the last six months, crude is down almost 40 . What a tumble. Also, natural gas, did the nat gas trade just run out of energy . Its had a huge week but it is down again today. What is going on, melissa . And a year ago brian made some pretty brave and bold predictions about 2015. Today we will show you what he got right, what he g
S p futures up by 20 points and the nasdaq is up by 7 points as well after gains yesterday. We have two economic reports of note. The february Producer Price index at 8 30 eastern time and then march Consumer Sentiment at 10 00. Also two retailers are set to post Quarterly Results before the bell. Well get the Parent Company of ann taylor and the buckle and then theres a labor dispute to discuss. This could end the strike. It accounts for 20 of the companys total capacity. Some stocks well be watching today that might be moving shares of ulta ulta salon getting a boost. The beauty retailers Quarterly Results were better on the top and bottom line. Quarter guidance was also better than expected. Ulta salon cosmetics. Its like a make up and cosmetics supplier. Andrew and i should know about it. Given that were good customers. Were going to talk to the companys ceo at 7 40 eastern and aeropostale team warning that shares will fall short of estimates and zumiez its Quarterly Earnings falli