Shanghai composite up by 0. 2 . The dax is down by 2 . The tenyear yield, 2. 24 . A couple of big headlines were watching. First one, crude prices. Wti crude trading higher after the ministers of saudi arabia and russia agreed needing to extend the cuts. Including russia agreed to cut output. Deciding whether to extend that agreement. A lot of folks will be watching for that. Also, a big developing story out of north korea, the Company Announcing the missile that carried a heavy Nuclear Warhead is capable of hitting targets in the pacific. The latest launch was widely condemned by the u. S. , japan and south korea. The white house calling north korea a, quote, fragrant menace. And urged allies to enforce stronger sanctions. And then on this weeks agenda, it say big week for retail earning. Those earnings have been not so hot. Home depot and tjx. And wednesday, target and l brands. Thursday, walmart and gap. Also getting results from cisco, alibaba and campbells soup. And some disruptio
The japan has struggled to shake off the impact of last april. Shinzo abe is expected to put off another tax hike to next october. The tax may not be imposed until 2017. Of more a lot of talk sanctions on russia. European Foreign Ministers are meeting today to discuss expanding a list of individuals being targeted. Meanwhile, russia hospiras in a, Vladimir Putin, left the g20 they toldposco prudent to quit arguing quit Arming Ukrainian rebels. At one point he ended up leading lunch by himself. He was Prime Minister David Cameron. If he continues to destabilize ukraine, there will be further sanctions, further measures, and a different relationship between European Countries and america on the one hand and rush on the other. Guzan says he left brisbane early to be at work this Vladimir Putin says he left brisbane early this morning to be at work. He said it is a long flight from moscow and he needed sleep. Families of those killed or injured in crashes with faulty ignition switches will
European leaders the greek government want some of the restrictions lifted. Heres the Prime Minister. Im certain that we will make it and we will escape this selfperpetuating debt trap where we have been for the past five years through the street talk to through the destructive policies of the bell appeared he wants to raise the minimum wage. You cant do that unless the terms of the bailout are rewritten. The Worlds Largest oil exporter trying to raise 10 million to pay for acquisitions and other investments. In talks with banks, expanding its refining of petrochemicals. It sounds like the good old days again for sony. Forecasting its highest earnings in two decades. The ceo is using video games movies and music to turn around the company. It was the year of change in 2014. It will be the year of profit increase and investments for growth in 2015. We are determined to deliver what we have planned in order to revise sony. Shares up 28 so far this year. He beagle is top dog here in new y
Firstquarter profit almost doubled. Ubs earnings for Wealth Management rose 54 pure the Bank Restructured recently to focus on that unit. Ubs meanwhile says it is close on an investigation. Ubs might face a 1 billion fine. Claiming responsibility for the attack on antimuslim event in texas. The event showcased cartoons of mohammed. Many muslims feel that is blasphemous. Two were killed after they shot a guard. The fbi said it was investigating one of the suspects for nine years. The streets of baltimore are calm. One week after writing following the funeral of a black man who died. There were false reports that police shot a man. Troops are gradually withdrawing. President obama on David Letterman last night incidents in baltimore and elsewhere are starting a new conversation about racism in america. President obama a lot of things we have seen in ferguson, new york, and baltimore have been going on for a long time. We are more aware of it because if you see something on video, it is h
Said a considerable period of time might be Something Like six months and what people wanted to know is a reflective discussion that the fed had, and it looks like not necessarily. Janet yellen gave a week or so ago what some people describe as the most dovish speech by a fed chair possibly ever. Right. So it took maybe a little bit longer for the message to get through to the markets. Well see how long this lasts, but its a pretty decent reaction to the stock market. And to your point she had already walked back in laying the framework for why the unemployment situation in this country is still weak, saying its still cyclical, saying the fed needs to do more until its healed more. Made the case. The minutes would seem to suggest more members wanted to make sure they didnt process jumping to any tightening before they were ready for it, before the economy was ready for it. Is this something to build on, the last couple of days or just a dead cat balance a momentarily blast of enjoyment