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Clapping our hands at. They havent made the best of their economy. If you look at the unemployment in the region, its 40 under the age of 40. Marine le penn called it and a party of hatred. And corporate needing to account for it an after internal audit mixtures lower in madrid. Good morning, everybody. And welcome. Glad that youre joining us on street signs this morning. Weve got an hour together here at the top of the show, kicking off fresh starts, a quarter incidentally as well. Were looking at the eurozone manufacturing pmi data. Just glancing at the march final manufacturing pmi 56. 2 which is in line with what the flash estimate was, in february, and the highest since april of 2011. So, were looking at essentially the march manufacturing pmi delivery times index. 40. 9, the lowest since may of 2011. Factories apparently struggling a bit stay triing to meet the demand. The euro unmoved 106. In a bit rebounding a tad over the course of the last couple hours in the twoweek low that ....
Slowed. Nat dak off by 1. 5 . Last week, a pretty good week for the markets, dow was up by 66 points for the week. Nasdaq was up by 1. 4 . If you look overnight in asia, nikkei, 0. 4 . And kospi up 0. 34 . Markets in Mainland China were closed. The european equities, the dax is off. Off by 0. 4 . Market is flat in france and london as well. A couple other big stories were watching today. Weve got a lot. On the economic calendar, the ism. Auto sales. Tomorrow, factory orders and the paychecks Small Business jobs index comes out. Wednesday, the adp employment record, ism Services Reports and fed minutes. Thursday, weekly jobless claims, friday, wholesale trade numbers and march jobs report. There are a few names of earnings this week, monsanto, walgreens, boots alliance, young china, beth, bath and beyond and constellati ....
The investors are watching for signs of trump progress. And apple is up 24 in the first three months of the year. The best gain that stock has had in five years. And musk for the win. Tesla delivered a record 25,000 cars. Were others able to keep the pace . First up, despite the dow and s p snapping four month win streaks in march investors have reason to smile. Dow and s p each extending the quarterly winning streaks to six while the nasdaq outperforms both in q1 with a 9. 8 gain. April, jim, is seasonally strong. Havent had all three down since 05 in the month. Well get earnings. I think the industrials which have kind of plateaued, the banks, are going to be up first. For the most part if you get the dollar to stay weaker, you hear about International Orders i dont know if anyone saw that european pmi, but europe is strong. They could lead a lot of the industrials. Asia better. But i think that were going to start off com ....
Markets. First trading day of the Second Quarter. A pretty interesting bid in bonds this morning to talk about. Scott is wells fargo global strategist and nicholas, strategist, joins us to talk about that this morning. Tenyear down. Obviously you have the equities off their highs of the morning. Whats going on there . Tenyear is one of those k contra indicators. The 10year yield should be higher if growth will be there for the back half of the year. These 10year low yields are propping up stocks. Scott, how long does that dynamic last . Do you go along with nicks view of whats driving bonds . When you look at the fed prong projection and they tell us theyll do three hikes this year and three next year, are bond yields going to go up on that . I dont think so. I think the bond market is telling us that in a slow growth environment, you know, you raise rates six times in two years, you know, thats a headwind for economic growth. I t ....
Yesterday . What did you think . Weird, right . What you are talking about . Went all the way up. Yesterdays session . Yeah. What happened midday that knocked that off . They thought it was the ap story about trumps tax plans, how theyll scrap it and start all over again. I dont know. During the day, the guy in north korea said were this close to nuclear oblivion, the markets just tread water. But then the tax plan. Syria saying, yeah, russia said one more move, were at war. And then the futures didnt move. But then they said something about the tax plan, could be a week late, the markets moved. Thats very telling. How do you price it in . You can kind of when the world ends, it doesnt matter might as well trade until it does. Flight to safety. Im in safety. It doesnt matter. Even oil, with everything happen. When music is playing, you have to dance. Quick heck on whats going chec in europe and then oil. The dax down a bit. Cac, we will call that flat. Virtually unch. It is unch unch. ....