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Was down slightly. The shanghai composite was up slightly. Also take a look at oil prices. Wti up slightly. 34. 72. A little later this morning, were going to watch for natural gas Inventory Data due out at 10 30 eastern time. Gas prices are trading around the lowest levels in 17 years. Couple big stories were watching this morning. Just hours after the u. N. Security council slapped new sanctions on north korea, south korea is now accusing the north of a new provocation. South Koreas Defense Ministry saying north korea fired several shortrange projectiles into the sea. The sanctions on pyongyang are the toughest in 20 years and came in reaction to the norths recent Nuclear Tests and longrange rocket launch. Its also a very busy day for economics. A lot to talk about. Jobless claims out at 8 30 a. M. Eastern time ....
Out and were waiting on an Energy Outlook report. But it is off china and that is the theme for this hour. General saltiness. Sogginess. David cameron is still the European Union in must agree to irreversible changes that would give the u. K. Greater autonomy. In a speech today, he said the eu needs to cut the Regulatory Burden on businesses. He says National Parliament should have a greater say over lawmaking. Stop the eu wants to immigrants from four years. That will take place. European governments are admitting their policies on immigration are not working. New structuresng to deal with refugees. So far, just a few more than 100 of the 160,000 asylumseekers have been sent to homes in other countries. India wants to be one of the first countries to buy fr ....
Reimburse their angry investors. That was easy. The tax loss selling has been taken. And thats how you get a day where the dow rallies 185 points. The s p jumps 1. 24 . And dnasdaq declines. The sellers have at long last left the building. Youre looking at what happens when the selling stops since oil went higher for guide reason today. In crazy town when it goes higher its positive. Its because of a decline in inventory. We got an astounding 5. 88 million barrels. This market was off to the races. You have to wonder if the Oil Companies finally cut back to production enough. Especially since its so warm that very few people are burning the midnight heating oil. So now we have to ask which stocks are up artificially and which stocks have rally and staying power and what stocks went down today because they have been such fabulous performers in 2015 that theyre right for profit taking as opposed to redemptions or tax loss selling. Fi ....
Good morning and welcome to Worldwide Exchange. Its been a wild week for the markets and a little bit of respite coming today. Lets get you up to speed on what happened while you were sleeping. China suspend its market Circuit Breaker system set the yuan midpoint higher as well for the first time in nine days. Reuters is reporting that chinas Foreign Exchange regulator ordered banks to limit purchases of u. S. Dollars for the rest of the month. Chinese stocks rising about 2 . A lot of wild swings in the first 30 minutes of trading and the rest of asia didnt fair too well. It was pretty mixed. Opening year with five Straight Days of declines. The first time that has happened since 1949. You did see green from hong kong to shanghai. This was some relief but ther ....
Chinese factory activity fell to the lowest level in three years. That reinforced concerns that china pot slow down is getting worst during is getting worse. Futures in new york have fallen as much as 4 today. They had risen 27 in the three days through yesterday. To build obama wants new coast guard icebreaker that could operate yearround in the polar region. The president will pose that today in alaska, part of a threeday trip. Focusday mr. Obamas was on climate change. He says it will define the century more than any other challenge. President obama human activity is disrupting the climate. Climate is that changing faster than our efforts to a dress it. Vonnie temperatures in alaska have risen twice as fast as global averages. Apple tv may be going hollywood. Bloomberg news is reporting entertainment executives holding talks about exclusive shows for apple tv. Appled allow apple is planning a live tv service. In tennis, Serena Wil ....