Out within the have and havenots of retail, the targets versus the macys and jcpenneys. We have the oecd cutting its Global Growth forecast for this year, in particular germany. They see growth up there just 0. 4 . But the market goes nowhere. The markets really want to drive higher here. For globalow exchange, where we bring you todays market moving news from all around the world, from beijing to new york to atlanta. Our bloomberg voices are on the ground with this mornings top stories. In china, top trade negotiator liu he says he is cautiously optimistic on a trade deal. Shawn donnan joins us from beijing. Whatever we learned so far from china . Shawn we learned that liu he, the vice premier, has been sending out some positive signals. What is important about that is at comes at a time when some folks in the market and some folks close to the talks are warning that these talks are in a pretty fragile state and could fall apart still. Liu he, as part of a visiting delegation last nig
Alphabet. Well explain. A surprised evaluation of chinas wand sending it to new multiyear lows against the dollar. And shake shack, the company Beat Estimates and boosted guidance. First google creating a new Holding Company called alphabet which will become the parent of google. The google unit will include youtube, android and ad sense while nest, and Google Ventures will be the other ventures within alphabet. Alphabet will replace google as a publicly traded entity. Ticker symbols will remain goog l g oog. The Washington Post is calling this almost unprecedented, a General Electric for the digital age. People at home are going to be confused. It does matter. The price to earnings multiple has been controlled by a mishmash of company. If you could see the profitability broken out, you might want to pay up for google. Thats what people are doing. Ive heard a lot of analogies to these holding companies. Id like to analogize to am don. When they broke out web services you said holy cow.
Action altogether. It is unusually low today as ifestors wait for the fed you need sectors on the move, there is a little bit or movement here today. Energy shares were the worst performing group, and now financials and energy, were seeing a drag on major averages. Of course, as we have been watching this, that means we are toting closer and closer unchanged for the year. I just wanted to mention what we are in commodities today as well. Oil and gold, which we have lowerng, crude oil after a wrongful not freeze rampstion until after it up production. David a big week for Central Banks. I wonder where the fixed income markets are in all i wil in light of that. Julie we have a yield of 1. 95 . It is going lower to be sure, but it is getting closer closer to the 2 threshold and it reflects some increasing use that the fed will raise Interest Rates, maybe even twice this year. If you take a look at w. A. R. P on the bloomberg, that factors in interestrate futures. More than 50 probability
The halt turning point seems to be fukushima. Cs was supposed to be helping. We get some Economic Data today as well. We will get new home sales figures. Itll probably show home sales slowing for the second month. Cest year for home sales sin 2008. Dallas fed manufacturing ofivity a key measure state manufacturing activity. Scarlet will be breaking down the caterpillar earnings, always a bellwether for global manufacturing. Will this big investment be petering out . The new construction in u. S. Homes, will that help . We cannot help but talk about apple. Cory johnson will join us later. Check. O a data i want to get through this in quick speed. Markets on the move, particularly in turkey. 4. 40. Es back up onto the Second Screen where we get into what is going on and the emerging markets. 12 to 18 while i was away. There is the quote on the argentinian peso. The turkish lira all over the place. A. M. And of the central bank sets an emergency meeting for tomorrow. We have a stronger li
People. It slows us down gradually. Many can say texas dont matter. Of course they will in the long run. Stuart here we come. What a Perfect Moment to throw it to dagen and connell. Connell good morning, everyone. Dagen america is a good bet. Here to tell you why. Connell one of our guests in this hour could be the next energy secretary. Dagen more on the power outage and the recordbreaking at cbs sports for that incredible game. Connell and Cyber Attacks, the white house considering action against china. Dagen i had the ravens, did you . By a field goal, 2724. Connell nobody knows football like dagen mcdowell. Clearly. Dagen stocks now has to do every 15 minutes, Nicole Petallides at the New York Stock Exchange. Nicole a good bet going. If yo youre betting on the mar, 14,000 mark a little disappointed today, we are pulling back, Dow Jones Industrials down 116 points right now. A majority of the dow components, 28 of the 30 were in the red, only two names, green arrows, there is ro rod