Steady today, near their highs of the session. Look at the refiners in particular. Ofre is a shutdown refineries in the caribbean because of Hurricane Matthew. We have Oil Prices Higher as well with that inventories report that vonnie alluded to. Weve been watching Department Stores as well today. Sales may grow at a faster pace than last year because of rising wages, because of a stronger job market. Increase in spending during the holidays come excluding things like gasoline and restaurant sales. You have retailers higher today. Wheat also been looking at today. Wheat investors are focused on where to hide. End,ycle is going to rising yields and the treasury market not helping these guys. Coming full circle back to the hurricane, lumber futures up 1 inay as a lot of folks florida battened down the hatches here in anticipation. Lumber prices going higher. David thank you very much. Lets check in on the first word news this afternoon. Her Hillary Clinton at Washington Home preparing fo
London, big day from politics, varney company, were about to begin. A record breaking goal number 55. And everybody on the field thought he was going over. That was just one of four goal that argentina scored against the usa in the copa finals in houston. A disappointing end to the tournament for the United States. Lionel messi arguably the best player. Argentina moves to the finals. Lets look at the markets ahead of the british vote tomorrow. Weve been in anxiety mode here. There is your Dow Jones Industrial average, maybe up a fraction, the s p 500 also perhaps up a fraction. Ov oil the last few days high school been interesting. And flight to safety and the 10year yield going down and down and down reflecting a tremendous amount of angst. I want to discuss it with art laffer. Art, you know, art, we keep hearing that the vote itself, i think initially, it was about sovereignty, i think to a degree about the idea of unelected bureaucrats from brussels telling the english people what t
Where we have to start following this huge package of stimulus. Looking at various annulus analysts, on the one hand, you get this big package of the rate cuts. The deposit rate cut into the negative. Bond purchase are in the negative. Now, mario draghi is also saying no more cuts will be happening. Investors are still wondering if this will work to help the economy. We saw the euro fall and then recover. Now, were not quite at the high of the session. Nonetheless, where in the green very strongly. If you look at the intro date, you will see these changes as investors try to decide what to make of this. If you look at this sovereign debt, we have seen the biggest beneficiaries coming in through spain and portugal where we have seen yields climb. The effect has been more muted in places like germany. Here. E a look at stocks we have seen stocks rise for the high of the session. It looks like there is some level of optimism making this work. ,f you look at sovereign debt here, we have an
Soaring. Buy. Is a lot of k cups to Ramy Inocencio has the latest. To date rebounds on friday and were back down again. Ramy investors are giving up some of their gains, but today the stronger dollar is a bit of a wait on the markets. The s p down by about 11. 7 points. I into my bloomberg terminal, want to show you the health of the s p. , andan play along at home you can see the Energy Sector is the biggest lag or. Lagger. It has accelerated losses, down about three and a quarter percent. You can see all the other sectors from Consumer Discretionary to financials and health care down by only half a percent or so. The Energy Sector definitely taking a beating. You can check out all of securities. Based on the weight on the s p, exxon is down by about two and a half percent and chevron down 3. 2 . Definitely Energy Taking a hammering. Betty because oil is back down below 40 a barrel, right . And oil is falling again, this is for the second time in a row it is below the 40 a barrel mark
The deal is worth 43 billion. Sources say that kevin china rising 4 . There are over 2400 journalists and the bureaus all over the world. Is closing for lunch. Singapore,icture tokyo, mumbai. Slash and burn at yahoo cutting jobs, winding down legacy products, and addressing Strategic Alternatives, but what does that mean . And we hear from oracle ceo mark hurd of what it takes to be a leader and what it takes to keep competitors at bay. We check out how mega cabs compare with the Biggest Companies over time mega caps compare with the Biggest Companies over time. But first, to our league yahoo exploring alternatives for the core business. Is that the company putting the for sale sign on the door . For the time being Marissa Mayer is cutting costs and exploring a spinoff of the web business rather than sell now because they feel it is kinder late it is currently undervalued. The search revenue is up 12 . But here is what chairman maynard webb added in a news release the board also believ