But the hang seng and kospi reopened after the Lunar New Year holiday. South korea down 3 . Shanghai remains closed until the end of the week. Meanwhile, the dollar falling below 112 yen for the First Time Since late 2014. The level of the dollar and the spread between Interest Rates, the did you see the ten year . Its 162. Hard to believe that we are back there. Its sliding by tremendous amounts, by the day. I mean, it was at, i dont know, its like ten basis points lower today than it was yesterday on this prospect of negative rates. Do you really think that she was going to satisfy on the markets yesterday . No. Going into it she was never going to get what people fully wanted. No way. There were some people who wanted her to completely capitulate and walk back from the move in december. Not only did she not do that, she said we have no plans to cut rates again. But theres also nothing that she could have said to asewage the market. She could have said well do more qe and the market
Tom keene is in new york. Its a busy week. Nationalll of the banks. Tom i like what you say about hope and reality. In america, we are focused on these key primaries today. Lets get the first word news with vonnie quinn. Hasie quinn russia prepared a push withdrawal from troops in syria. This puts pressure on the syrian allies to come up with a deal in the talks in geneva. So far, there has been no sign of compromise. More tough talk from north koreas leader. He vows to detonate another Nuclear Warhead in a short time. He said he will test launch a ballistic mystical missile capable of carrying one. Merkel tod anglo review the flow of reduce the flow of refugees. She will be held from the turkish leader. Has the power to hold them back or keep them going. There is a summit friday and brussels. Its another big tuesday for president ial hopefuls. Five states are holding primaries. Has come the main battleground for republicans. John kasich has a lead over donald trump. Meanwhile, cup has
Days. Francine it is all about the fed, and those odds about them hiking just got that much lower. Tom but i would also suggest it is about the real economy. John norman joins us from bank of America Merrill lynch. This is a real economy discussion filtering in. Francine lets get to bloombergs first world news in new york. Isnie president obama pushing back his timetable to bring americans home from afghanistan. The white house is expected to announce today that they will keep at least 5000 troops there 2016. 2016 according the taliban and has stepped up attacks since the u. S. Ended combat operations in afghanistan left december. More problems for volkswagen. They see some they face a mandatory recall in germany after cheating on omissions tests. Regulators rejected their proposal for a voluntary callback. At majore delays airports across the u. S. Last night because of a computer used for terror watch lists. The outage lasted 90 minutes. Authorities dont think it was intentional. Don
A new potential revenue stream for twitter. The Company Announcing a new video ard strategy, looks very similar to you tubes. We will discuss whether this could help turn the struggling social network around coming up. Elon musk has harsh words for apple, calling it the tesla graveyard. Yes, his words. Fourown grades for his company this week, is musz k getting scared of increasing competition . We will discuss. Tough week for tesla and elon musk. Lets start with the big moves. Weve been seeing in oil Jackie Deangelis monitoring the activity at the nymex. Good afternoon. A choppy session for oil by all skts, moving back and forth between positive and negative territory. We did close a little higher on the day, 49. 63 our intraday high 50. 92. So several days now making an assault on that 50 range. When will we close over it . Your guess is as good as mine. Having said that is correct the experts are still pointing to the fundamental story. We did see a decline in rig counts but when wi
Good morning, it is 10 00 a. M. Here in london and 5 00 a. M. On the east coast. Were expected to set up for a pretty positive day. The nasdaq seen higher by 1. 3 . The upside for the s p 500 and the dow jones expected to open higher by a little bit more than 1 and that follows a strong close in yesterdays trading session. U. S. Market hearsay the second best day of the year. The dow was up nearly 400 points. Its now only 25 points away from exiting correction and the other two markets have already exited correction. Why are we seeing all of that buying all of a sudden . Well theres maybe more stabilization efforts coming from the Chinese Government. We have good trade data coming out of germany yesterday and maybe more and more people are getting used to the fact that the fed hike will come sooner rather than later. Thats the picture were looking at. A lot of green here as well. 1. 73 . Some of the auto makers are doing well, bmw and diamler that suffered as far as their exposure to c