York as u. S. Inventories declined. And coffee slumped on its return to trade. Unease there. Lets get you started with a quick check of the markets trading at the moment. We are seeing u. S. Futures opening slightly higher. This of course after the regular session saw the sapp 500 climb to a 10week high. We have optimism over reopening of different economies. Not so much in key retail earnings showing signs of resiliency, so we have those and target reporting sales that top the estimates. The sapp 500 really erasing all of tuesdays losses. And really the gains being pretty broad. Were talking about financials, industrials and Energy Leading all 11 sectors higher. The sapp 500 more than up more than 30 since its march low. The nasdaq composite at the highest level in more than 12 weeks. Oil, we saw another day of gains for w. T. I. , gaining ground for a fifth consecutive session. Right now under a little bit of pressure but still at around the highest level in almost 10 weeks as we con
Maria big show this morning, fox business dagen mcdowell, kings view asset chief Investment Officer scott martin is here and forbes media chairman, former republican president ial candidate, steve forbes. Market will not quit, futures pulling back, once again, what a month, we are coming off best performance since june, dagen. Dagen ive said this, Central Banks around the globe, markets have wind at the backs, if you look at fund manager cash levels plunge, the largest monthly drop in 3 years in the month of november, stock allocations have gotten higher, wall street journal writing about this this week and then the rolling 12month global total for Central Bank Purchase assets to hit 1 trillion, steve is cringing, steve is on fire that im talking about this, it is important to note that despite some of the negative news that weve gotten in the markets whether its about Capital Expenditures, weak Fourth Quarter forecast for the economy, you still have easy money around the world. Maria
World. You can see a mix picture and generally not bad at all our 10yr note year is moving higher thats stagflation. Give me a stagflation guess and tell me it is the end of the world. Crude continues to sell off a little bit lets get to our road map this morning. It does start with rates shock the question of course is it going to prompt the feds to raise rates at a faster pace the report says futures are at a lower market thatll be three Straight Days gains right new. How about this taco bell turn around the core rate minus food and energy rose 3 thats the biggest increase in a year data shows retail sales fell unexpectedly in january. They were down. 3 and thats the biggest pull back we have seen in 11 months. All of which leads me to you and what you think about this and what it means for our market and not just today right any negative or positive is obviously going to be radically in flamed by the vix issues. We know there is hold the line on 10yr we are going to really panic and
Lifetime event. Well take you to the town that will have the best view. But we begin this morning with a look at todays eye opener, your world in 90 seconds. The wind and the waves are really starting to pick up. Already the wind is whipping up white caps. The gulf coast prepares for Tropical Storm cindy. This isoing to be a serious event. The storm is coming, so hunker down, everybody. The story continues the heat in the southwest. Another very uncomfortable day. The state department is weighing Response Options on north korea after the death of Otto Warmbier. Frankly if he were brought home sooner, i think the result would have been a lot different. The status quo is simply unsustainable. Mitch mcconnell says the senate could vote on the Health Care Reform next week. I always like to move forward with legislation that ive never seen. Thats one of the practices ive enjoyed around here. This is not the outcome any of us were hoping for. A big victory for republicans in georgia. Karen h
Todays eye opener. Your world in 90 seconds. The wind and the waves are really starting to pick up. Already the wind is whipping up white caps. The gulf coast prepares for Tropical Storm cindy. This is going to be a serious event. The storm is coming so hupger down, everybody. The heat in the southwest. Another very uncomfortable day. The state department is weighing Response Options on north korea after the death of Otto Warmbier. Frankly, if he were brought home sooner i think the result would have been a lot different. The status quo is simply unsustainable. Mitch mcconnell says theyll vote on the Health Care Reform next week. I like to move forward with legislation that i havent seen. Thats one of the practices ive enjoyed around here. This is not the outcome any of us were hoping for. The big victory for republicans in georgia, karen handel defeating jon ossoff. Passengers recovering after a United Airlines jet hit severe turbulence. It happened as the boeing 737 was en route to h