Stronger u. S. Dollar. You can see that here at the bloomberg u. S. Dollar index up over 12. 75 and dime excreted gaining . 65 per barrel, currently at 84. 40. All three of these things here are bad for this thing here and that is why you see stocks dropping. Abigail doolittle is here with a look at the earnings so far and we have had and still have a ton of earnings to come. Abigail, 40 of the s p 500 reporting this week. 15. 8 trillion of market cap recorded. You did a great breakdown of the macro pressures for the s p 500, nasdaq 100. Here are the micro pressures and we have a tale of two stories in the cloud. Microsoft of 2. 7 up to. 7 on strong cloud corner, revenue over of 13 , betterthanexpected. Back in the team growth area. Their cloud is much better, up 29 and above the three preceding quarters, even though it did not top yearoveryear growth estimate. Take a look at google or alphabet, down 8. 9 , between its worst day from last year and march of 2020. That is the degree of s
Ticking. The u. K. Must make its position clear. Yvonne guilty of corruption, the brazil inquiry. We have world coverage on daybreak asia, we are live in brazil to discuss the fallout from the conviction of former president lula on corruption charges. Betty stateside it is all about Janet Yellens testimony. We will have full reaction within the next few hours. This is daybreak asia, live in new york. It is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. One and done for Janet Yellens testimony to congress. The focus has been on the fed inflation outlook. It was uncertain according to her. Someone, thete janet yellen market knows that she is back. According to how investors are interpreting this. Betty they sold some divisions. They will still continue on this rate hike path, maybe it will be pulled back just a little bit. There are others that doubt we will have a rate hike at all for the rest of 2017. Were leaningers more toward the latter part. Take a look
Alix we did text. Julie i am sure. I am just talking about the content. We are seeing a bounce. The dow gaining more than 100 likes as it looks investors shake off the jobs report from friday, trying to figure out the feds next move. They hope janet yellen will give them direction when she speaks in about half an hour. Though she may not give much direction. A commoditiesled rally. Oil prices bouncing. Our cultural commodities also on the rise. Up 15p 500, a big leg minutes after the open. It has remained steady ever since. Volume is low again. Down by 13 below the 20 day average. That is something to keep in mind. Going flipside of what is on with stocks, we have selling in treasuries. The yield on the 10 year going to 1. 37 area mostly declining yields as of late, so it is interesting to see a bounce. Prices are working their way higher after the head of Economic Development in abu dhabi says oil prices could barrel. 0 per alix hope or reality. So what are the gainers . Part of it is
Vice President Joe Biden has wrapped up a twoday trip to lithuania and poland where he sought to reassure nato allies in a region that the u. S. Will defend them against any russian aggression. He told a pair of baltic leaders that we are in this with you together. He spoke after russias president to cleared ukraines Crimean Peninsula as part of russia and militiamen took over ukrainian headquarters in crimea. Ukraine is not part of nato. The United Nations Security Council is meeting today on the russian issue. Meanwhile, the European Union is considering economic sanctions. The eu meeting scheduled for tomorrow and friday in brussels. Take a look at our live coverage here in cspan at 1 00 p. M. Eastern. A Heritage Foundation discussion on the Federal Reserve and Monetary Policy that will be followed by new Federal Reserve chairman Janet Yellen Holding her first meeting today as head of the fed open Market Committee and will talk to reporters after that meeting. That is scheduled to b
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