Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that today. The tenyear yield now is sitting at 2. 209 . Well have much more of this coming up later this morning. Lets get you to some other big stories. In earnings news, ibm reported Quarterly Earnings that beat expectati expectations, but sales fell short of estimations. Revenue declined 3 from a year ago. That marks 20 consecutive quarters of revenue decline. They have long talked about those revenue being empty calories, but a big debate about that remains. Youre looking that the stock down 4. 5
The billionaire has spent at least $900 million building a sprawling hospitality and residential empire. But there’s one business he is happy to leave in the shadows.
Quadrant Private Equity’s Pacific Hunter, which operates restaurant chain Fratelli Fresh, has been handed a lifeline after refinancing by its two lenders.