Party rooms, that could reopen after may 28. A mix of good news there. We have some good news in the markets as well. We are seeing more reopening of economies. It seems like you cant really fight the fed at this point. We are seeing a second day of gains in the region. Jakarta coming back from that holiday. We are seeing again of. 5 . Also, india reopened today as well. Things are looking better. Lets see what else we are watching out for. Singapore is in focus. The outlook is not looking so good. The governor is slashing the to 7 . From 4 the hang seng as well, look at that, we are close to 400 points higher today. We are talking about the valuations and the steepest discount into decades. You have seen some depth buying dip buying happening. Take a look, currencies are looking a little quiet given the fact that the u. K. Saw thin trading with the london closing yesterday. See a liquidity injection from the pboc after a hiatus of 70 something days. When it comes to the sing this a we
In texas. Mark fema administrator brock long says the agency is focused harveysn the wake of Second Coming is on search and rescue. He gave an update today on the situation on the ground. More than 50that counties across texas had been impacted by the storm. He added that fema is ready to support efforts in louisiana, which he said still is not in the clear. After dumping a record amount of rain in houston, harvey has a landfall again, this time in leicester louisiana west in louisiana. At least 22 people have died in the storm and we expect that number to go higher. E than to any thousand the 200,000 people are in shelters. Meanwhile, 21 of the nations oil refining output is offline. Officials say it is too soon to know that the thousands of houston area homes can be rebuilt. Some homes have been flooded with as much a six feet of water. The counties flood Officials Say these homes could be flooded again after controlled water releases from two reservoirs. There has been plenty of dev
Market and we saw the s p turned negative again for the year. Julie sort of bouncing around a bit today. Turning negative for the year once again. It looks like investors are looking ahead to the fed minutes this afternoon. They want more information on the thats next move and in waiting for the ash on the feds next move on the feds next move. The s p and our remain in the red today. And dow remain in the red today. The bestperforming group today as we see an increase in estimates for the fed to raise rates or moving. Orward of those estimates financials have been benefiting from that kind of you. Technology, relatively strong. Drop in Consumer Staples as well as Utility Telecom and discretionary. Target is part of the story today. Another retailer disappointing. Earningspershare actually beating estimates put sales weakening. Comparable sales up 1. 2 . One point 6 is what was estimated by analysts in the company Ceo Brian Cornell saying it is an increasingly volatile consumer environm
Ingredients. Thats true, but some soup stocks may be setting up for the trade of a lifetime. The action begins right now. Lets get to it and were going to start with the hottest group of stocks and that would be of course, small caps up 2 today. Up around 14 since hitting their lows february 11th. Is this confirmation of the rally . Lets get in and find out. Youre looking at the rest of 2000. We know a lot of the components were exposed for a lot of the same reasons we saw weakness and commodities. Poor Balance Sheets and cap, that sort of thing. The fact is, you look at the rustle 2000 its up 15 from the lows. The s ps up 12 . When i look at the performance its not staring out at me saying you missed something here, stupid. More importantly, the russell 2000 was down 20 1 2 from its highs last spring and the s p was down 15 . Theres more beta in the stocks, and theres more s p off the low. You would expect that from sort of lore quality high beta names. The other thing is on the week,
The s p 500 and the imm, the russell 2000. There you see it is a red letter day on wall street. Volatility index spiking. That would be green, folks. That is higher by 5 today at 1625. Lets take a look at the euro. Diving once again, and there you see the euro at 105. 08 down just a bit there. The tenyear note at 2. 1 . West texas crude at 45. 17. Down 4 . Gold up a little bit, an inch at 1152. I lost the number. Well bring it back. Mandy is out getting sunshine. Sarah is in the heart of the action at the New York Stock Exchange. Its good to see you, tyler. Busy day on the floor. The dow down a little less than 200 points. At one point we were down as much as 265. Lets get straight to bob ka san any on whats moving. The euro at the center. Its a choppy week. Ending on a weak note. A little about the dollar. The euro dollar relationship. Weak euro throughout the day. That caused pressure on our markets and increased pressure on the up side of european markets. Take a look at the s p 500