Industrial average are unchanged. The nasdaq moving down a little bit. Inre is very little volume equities. You might expect that after a holiday weekend. Function ofhe svs that breaks down volume in the index by industry. For example, in yellow, industrials, they are trading 37 less volume than they normally would on any trading day at this time, over the average of the last 20 trading days. That everything is down. The only thing trading up to the 20day moving average almost is utilities, because you see the big defensive stocks gaining today. Downl stocks, oddly, are after this. You very little ball volume. What about other Asset Classes . Matt equities can sometimes be boring. Be amazing. This is an intraday chart of the euro. 1. 567. The euro coming down against the dollar. Were waiting for mario draghi to pull out his big bazooka, whatever it takes to whatever you think he is going to do, he will do more. In the fed is going to raise rates. Money coming out of the euro and into t
Roundtable. Julie hyman and chief markets correspondent scarlet fu look at todays acrosstheboard drop in the u. S. Equity markets. Julie, let me begin with you. Is this weatherrelated . It is fundamentalrelated. People around the city talked about whether they were fully staffed and said they were. Many had spent the night in the hotel and came into the office or were telecommuting from home. It seems as though volume is a normal levels. People are focusing on the news at hand and that news is largely negative. At least if youre looking at corporate news. We had a number of earnings reports after the close yesterday and early today that came in below estimates. There were a couple of important tracks things to blame, if you will, for these reports. One is the drop in commodity prices. Caterpillar blamed their drop on disappointing orders from clients in oil and gas industry notably. Caterpillar shares have been trading down. We have seen a slide in copper and gold prices as well. Repor
Oil stable. And tenyear has crept down to 1. 77 1. 77. Futures falling. Earnings painting ableak picture. Greece continues to weigh on the markets too. Seven Dow Companies, p g, pfizer, caterpillar, dupont, 3m microsoft, and united technologies, all seven lower. Nyc largely escapes storm unscathed but Boston New England battered by heavy snow. Well get live updates on Flight Cancellations and travel around the region. A rough morning in store on wall street. Wave of earnings news sending futures tumbling. Dueuponting proctor gamble, pfizer expect the stronger dollar to weigh on full year profits. Caterpillar, a warning for 20157 the ceo on Squawk Box Oil is a piece of our energy and transportation is worth about oil and gas is about a third of that business. The natural gas piece of that business is doing pretty well and so far holding up. The oil piece, though what were taking down and thats the primary number for our reduction in 2015. Jim, not only did he say when it rains it pours
Value. Maybe, i dont understand how this is working. We dont know what the Construction Costs will be, we dont know what the materials and we dont have to work out an agreement. So, i would have thought then that we said, look, there is a Design Services, and we will find out after it is designed what it is going to cost and then you will be bidding on that and then on that basis, i thought that is what you were saying was going to happen, and so these numbers, that crown core inc has in for the construction fee and the construction overhead, are really just plugged numbers, based on an estimate of Construction Costs. And now, in effect we will say, design it, and then we will figure out the construction, and so, why are we getting into a construction fee or a construction overhead . Okay. So we have asked them to bid the Design Services and also asked them to bid, the cost for overhead. And the cost for fees. And so, the 12 percent fee and the 18 percent fee and the 12 percent overhea
Million dollars. Which basically utilizing the and that the current construction should be 55 million and we should have 57 million in Program Reserves. It would be helpful if you could share that report with us. It would put some of this i think in context. And i guess to some extent we are where we are and expecting that we are going to be able to close out the rest within the estimate given what this one looks like, and i am not sure that is a good assumption, but with regard to this, and i take your point, that this is on the critical path, and this reflects the current Market Conditions, and but when i, and the staff report seems to suggest that, the time line, for this procurement has been long from when the first rfq was issued and the first rfp and in the meantime the market has continued to escalate, and it sounds like we are losing bidders because other projects are locking them down, as our what seems like very long process with the very significant adenda continue and could