See its the ace of hearts s that embedded on the cards when something is coming in the future, its in the cards. Im sara eisen im wilfred frost were continuing our iciness from power lunch. Its warm and loving i missed you in the early mornings lets check in on the Global Market picture futures, coming off a decent day yesterday. Small gains led up by the nasdaq tech sector, the best performer in the s p positivity despite negative headlines in the course of the week the dow 45 points higher the s p 5. Nasdaq 15. The real take away, the dow and nasdaq in positive territory for the month of august. The month thats been framed by commentators as being negative, showing signs this market is due a pull back, yet we are positive for those two indices for the month. 8 out of 11 sectors are negative for the month of august, utilities is the best performer, the boring safe haven sector which points to the fact that its not been a gang buster month. Not to pick on you too much, the dow is up 0.
Conversation stay tuned. Which will continue for the next 59 minutes. I want you to be more vocal on fast money, certain people are saying whatever they want. When good men are silent, thats when bad things can fester thats like a history lesson. Thats when things can fester hes saying youre a good guy. Ill take that. Thank you, joe a look at u. S. Equity futures it looks like we would have been on track for a positive month of august well see what happens this morning. Dow futures up by 57 points. S p futures up by 7. Nasdaq up by 20 this comes after an up day for the markets yesterday as well. Overnight in asia, you will see the nikkei closed up by 0. 75 . Hang seng down by a percentage point. Shanghai was almost flat if you look at whats happening in early trading this morning, you can see across the board there is strength. It looks like the ftse is up by 0. 6 similar gains for the dax in germany. The cac is up by 0. 7 . Check out the dollar, too. Dollar weve been watching so close
Gas, the other a toxic chemical. How much of that leaks our get into the air is anyones guess. Authorities are saying it does not appear to be a major worry for the time being but once buried, twice shy in prior crises when they got reassurances tend to be skittish. How difference no way of knowing. It is something we are watching closely. The Energy Department has tapped into those reserves to the tune of 500,000 barrels. Millions in there and this is meant to mitigate whatever price fallout we would have from here. But it is oil were talking about, not exactly some refined product whose prices have been soaring of late. Oil actually going the other way, but for the potential and ahead of any potential supply disruptions going on longer, theyre taking precaution tapping that reserve right now. Hillary vaughn in crosby, by the way near where this arkema plant is located. A lot of questions about how safe it is there. Hillary, what are you hearing . Reporter neil, the plant doesnt have
Declines. Thats the first backtoback losses youve seen for the dow and s p 500 since late january. Futured are muted this morning. Dow up by 2 points. Nasdaq up by less than a point. A lot of things happening, were waiting on adp numbers this morning. That may give us insight on what to expect friday from the jobs market. That can het let us figure out the Federal Reserve will do. In asia, the nikkei down by a half percent. The hang seng up, and in europe, a similar story to what were seeing here. Muted moves one direction ortd othe or the other. The dax up by . And a look at currencies. The dollar is up across the board. Euro at 1. 056. Dollar yen at 114. 05. Here are the storying were watching. China posting a trade deficit of 60 yuan. Exports dominated in yuan, they rose 4. 2 in february, imports jumped more than 44 . That import growth driven by a construction boom. Analysts say the data may have been distorted eby the long lunr new year sell breaks. During the sell breaks,celebrat
Points, the s p by nearly 20, and the nasdaq by about 57 points. Also being helped, im sure, by the news from china. What do we think about this . I saw the rally in oil prices on friday. Basically a rumor that you were going to see Something Like this. If its contingent on iran and iraq both playing along with it, that raises all kinds of questions. Seems to be the same caveat weve heard over and over again. Iran has theyve walked back some of their more explicit talk about ramping up production. Still, theyre so eager to get back in the markets. And iraq is desperate too. Lets not forget iran boosted output a month ago by 500,000 barrels a day. If saudi arabia and russia and whoever else want to get together, they need to get iran in the room. And lets not forget that a freeze is not the same as an output cut. If demand grows, then theoretically supplydemand will come back into balance. If demand slows because of china, the freeze leaves the gap where it is. Oil is still under 30 a b