Frances lockdown to may 11. U. K. Is planning its own extension this week. The daily rate of death in britain is expected to keep rising. Welcome to daybreak europe. After the best week for equity , we do start on the front foot. Exports in china dropping a little less than expected. U. S. Futures in positive territory. As we head into one of the most uncertain Earnings Seasons on record. A great quote i saw from one of our own analysts talked about the First Quarter being history, the Second Quarter being a mystery. That is how we are set up ahead of the earnings season in terms of equities. The 10year treasury yield is steady. Strongly asng london reopens today. We take a little bit of dollar weakness. You have the Commodity Currencies outperforming. Oil slightly on the front foot after the market seemed a little bit underwhelmed yesterday by the opecplus deal. Coronavirus,to global confirmed cases have reached 2 million and countries across the globe are weighing the timing for easi
Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We have some weakness here. D. R. Horton, all lower after existing home sales for the month of december missed the survey a little bit. Daca have to do it tax reform. Investors not likin
Near its goals. My question, why is this time any different . Alix you have to see, are we aing to have a dudley and fisher that are very different. Fisher is on the more hawkish side. What does that mean for yellen on friday . We have bank of americans global head of commodities. An interviewrx, you will only see on bloomberg. It was still a dollar move today. Jonathan an equity move off the back of that. You are looking at futures in the United States. Down 1 4 of 1 . 2 of 1 . Down 1 w speak. Ad a week of saifed the guidance from stan fisher, the interpretation is a right on the rate hike stillo table. A stronger dollar dominating. In the commodity market, stronger dollar, the commodity complex often. Copper down. A big week of gains for crude last week. Wti putting together its biggest weekly pop since march. Supply coming back to the market. Will talk about that later. In the bond market, the yield curve on treasuries and focus on the back of vice chair Stanley Fischers comments ov
See the difference . Germany, france, and the netherlands all beating the forecast. The Italian Government grew the 10th of the percent. Assuming there is still an Italian Government. More on that later. I dont mean to be so cynical. Chinas Consumer Prices, meanwhile, that rose about 2. 5 and Producer Prices fell 1. 6 . 8 30 a. M. In the u. S. , import prices and 915 a. M. , Industrial Production and Capacity Utilization and finally the university of Michigan Consumer confidence. That is actually a big deal. Earnings before the bell. Campbell soup. Mm mm good. Lets get to this quickly. Lots to talk about especially on Time Warner Cable and comcast bid futures are flat. 10 year yield floats above 2. 7. The euro stronger again off of the better gdp data. Out to 1. 38. Range stronger euro. Lets go to foreign exchange. Better thanvix, good . Gold launches over 1300 a share. And, scarlet, chocolates at 10 00 a. M. After bloomberg surveillance. Coco is up today. Are you going to buy scarlet
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) - KKR & Co has agreed to buy a "significant" minority stake in Quick Quack Car Wash, the investment firm told Reuters on Tuesday and sources familiar with the deal said KKR would pay $850 mi.