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Up 2. 5 . T 28. 44, guy basically saying banks need to open get on with lending to firms. You want some of these firms to still be around to be able to start the economy. At the moment, there still seems to be a certain amount of difficulty in getting money out the door to the businesses that actually require it. Andrew bailey also indicating he sees nothing implausible in a drop,st for a 35 q2 gdp a massive economic hit coming for the United Kingdom. Yesterday, it be and confirmed that we will see another three weeks of lockdown in the u. K. Economy. We will talk about the input agents for the pound when it comes to that story in just a few minutes. European stocks are up on the week. Main markets up on the week as well, except for the spanish and italian markets, which are we getting. It is, as somebody put it a little earlier on, a day for dumpster diving, particularly on the ftse 100. Stocks. Ld is one of the we are positive o ....
Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We h ....
Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost in washington today for wells fargos ceo john stumpfs appearance on capitol hill. He goes before the House Financial Services committee at 10 00 a. M. Eastern. More on that in a minute. Before we go to the markets, good morning to you, sara. Were like ships passing in the night. Hopefully back together tomorrow where mr. Stumpf goes, wilfred frost goes. A lot to cover. Where Christine Lagarde goes, so does sara eisen. We had a good event. Ill talk more about that in a bit. Lets show you u. S. Equity futures, after solid rally yesterday on the back of that unexpected opec deal. Energy producers are leading the way around the world. Dow futures up almost 3 points. S p 500 futures flat. Nasdaq up by 2. More than 100point rally yesterday ....
Inflation expectations have fallen to levels which seem to be fashionably low. I guess the market is poking on the dovish side of that saying or reiterating that they have to be super careful that Inflation Expectations are not the ankle rate. Inflation expectations would equal monetary tightening, i. E. , would harm the fragile economic recovery. Also, that he was referring to the recent data from yesterday that the pmi levels are showing that a stronger recovery is rather unlikely in the coming months. It was probably back in the view of the doves in the markets. We are seeing that directly in the Euro Dollar Exchange rate. The euro is sharply lower versus the u. S. Dollar. Here there was a clear reaction also to the draghi equities are rallying on the back of those comments. But also, the hawks have some reason to see a backing from draghi, he is reiterating ....
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