Selloff in oil prices. All the major averages are the work of the dow is only off by. 2 . The nasdaq and s p are almost and i get this point. You have seen the bounce weve seen off the bottom. Oil prices indeed are lower today. They made an attempt at going higher fight. 5 . Since then they have turned over by 3 . Analysts are forecasting another build in inventories. Gold futures are higher very, very slightly. There is bit more of a risk off sentiment in todays session. We are seeing buying in treasuries today. That is sending the yields lower. David julie, we are going to talk about this in a moment with Oliver Renick waiting in the wings. Julie it is a little bit unusual, because on days that ive been down days recently, big cap tech has been leading the way down but that is not happening today. The socalled fang stocks are strengthening in todays session. Not a lot of catalysts here. Just seems to be a bit of a 100, within the nasdaq percentagewise the best performers dont seem to
Nearly close as we had around to the lessor of trading last hour of trading. Is really Energy Stocks that are weighing on any potential gains today. Yesterday were they were the best Performance Today the worst performers. There are some green areas, defensive groups. Within energy the selling is particularly broad based. If you look at all of the members in the s p 500 energy index, all of them are lower right now. You do not see any green on this screen whatsoever. Of those stocks, the worst include chesapeake energy, which has seen a rebound recently, but now it is down again. Murphy has resumed selling as well. All of these are stocks that had significant will the day rebounds recently, and are now coming back to earth again. The fact that oil is lower does not help matters, off by nearly 4 going into tomorrows inventories report. Theyast by analysts show are looking for another building inventories. We will get those numbers at 10 30 a. M. Rush into treasuries today, erasing all o
Money. Its a new week here on Market Makers. I am Erik Schatzker. I am Stephanie Ruhle. A new leak. Its so cold. There is some breaking news on the Manufacturing Sector this morning. Scarlet fu is out of the newsroom with the headlines. The number here is a disappointing one. They were anticipating a decline. On prices paid, this is a measure of inflation. A change of 35 when economists have been looking for an increase. One gauge people look at is the employment some employment sub index. Here we are looking at a decline in february 2 51. 4 from 54. 1. We are also waiting for Construction Spending numbers. Those numbers have just crossed. An unexpected decline of 1. 1 when economists were looking for a slight increase of 3 10 of 1 . Nevertheless, when you look at stocks indexes are at session highs. Thank you for the latest. The top business stories of the morning. Hewlettpackard is expanding its business. Aruba makes Wireless Network infrastructure that is mostly used in hotels unive
Northwest of the Ferguson Police department, several shots were fired. At least three, and two officers were struck. Olivia the Ferguson Police chief is the first is the latest official to leave after the conclusion that the government fostered systemic racism. And Deutsche Bank and santander. Jpmorgan, Goldman Sachs, and Morgan Stanley were cleared only after they result revised their proposal. Bank of america was told to resubmit its plan. Citigroup and 24 other banks passed without any conditions. The fed is using a stress test to prevent the repeat of the two thousand eight financial crisis. In another high profile embarrassment for the secret service. Two secret agents have an reassigned after crashing a government car into a White House Security barricade. The Washington Post said the accident occurred after a night of drinking. Last month, president obama appointed a new permanent head of the secret service after a series of highprofile security breaches. Hillary clintons plans
Greece to step up. Mario draghi says greece must let other countries and study its books. Apple showing up the bells and whistles of its smart watch. Besides texting, email and fitness apps, the watches can receiving phone calls. 10 people are dead after the midair collision of two helicopters in argentina. Three french sports stars are among the victims. They were shooting scenes for a european reality show. Some republican senators being criticized for sending an open letter to iran. Joe biden says it undercuts the president. The president says he is keeping his sights set on getting an agreement. Those are your cap headlines. Desktop headlights. Your top headlines. I want to go straight to hans nichols. He has been following the greek fiscal odyssey. The saga that seems to never end. It seems like too much talk, not enough action. What exactly is on the agenda now . They will be satisfied when they understand the liquidity situation inside greece. Dont call them officials from they