Need and it is energy and tesla, paypal, square a lot to talk about. Your traders are not here. But i still know who they are. And the top story has been Energy Following the killing of the iran general on friday and the last couple sessions, the loss has been wiped out because the world is still awash andoff supplied in the price of oil. Weve been speaking to the biggest names about what is going on and why we did not see a bigger spike weve chatted with ceos of chevron, patterson gti, marathon oil, their first interview in more than five years and pioneer will be airing on Worldwide Exchange tomorrow. Lets talk about oil and gas as well speaking of chevron, that stock fell along with oil. Not just because crude oil fell, but because bank of america and Merrill Lynch downgrading to an underperform so guy, are you surprised at like the question we asked every ceo here that the price of oil has not spiked higher given what happened on friday enjoy yourself down there, thanks for invitin
Ipo again. And what is the deal with netflix . Picking up a new sitcom to take on an old sitcom. Tuesday, september 17. Thats what it is today. You are watching Worldwide Exchange. It begins right now. Good morning. Welcome to Worldwide Exchange. Im in for brian this morning. Indicating the dow will open lower after snapping an eightday win streak you can see the dow jones is off by 27 the s p by 2 one bright spot, the Energy Sector that coming off its best day since january as we saw oil soar bond market showing some signs of activity. That 10year note yield dropping 2. 2 lets go worldwide in the asian trade. We did see movement here in japan. We are up flat but the hang seng up in the european trade, we are seeing a little bit of that with the dax off. And the cac by about. 02 as well following an attack on the two biggest Oil Facilities reporting that american intelligence says the strikes originated from tehran as President Trump says he is in no way ready to jump to a military res
Seventh straight session. Dropping triple digits today. For the year the dow is actually down the better part of 3 . S p 500 is still positive for 2015. But its broken a technical level, slipping below the 200day moving average. Twice in the summer it has bounced on that. Will it do that from here . The dollar hit highs not seen since april, but if im looking at the screen to the right of me correctly, it is raised those gains and now in negative territory for the session overall. Despite that, Oil Continues to be under pressure. Prices down about 5 1 2 percent for the week. Oil light sweet crude is just trading above 44 a barrel. If we break that it will be significant. Check out the yields on the benchmark 10year treasury notes. Yields down to 2. 18 . Despite the view that the fed might be hiking on this payroll data in september. Vrm the nasdaq is the biggest loser right now. Kate rogers is following the action. It is not quite as ugly as it was here yesterday. We are less than by t
Highs we have seen. The nasdaq is the worst performer of the three major averages. Being a tech heavy index, it is down 1 , twice the declines we are seeing in the s p in the dow this point. We were seeing much more green on the screen earlier. Health care in industrials have turned more deeply into the red. We have been watching apple in the selloff. It has been mirroring declines in the major averages. Taiwan Semiconductor Shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70 to 80 . We are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. Were seeing a Ripple Effect within technology. A lot of different kinds of chipmakers are following today. If you thought yesterdays decline in retail, that that was it youre in for a rude awakening. Calls in particular are tumbling by 12 . Comparable sales are down 3. 9 . Analysts had estimated a gain. Consumers are not buying apparel and there are
Highs of the session dramatically for the three major averages. Theative is negative nasdaq is negative and the dow is about the same. What i see is in the white, we have seen oil go a leg lawyer and stocks are going along with it a leg lower and stocks are going along with it. We had seen oil rising on concerns over supply constraints in nigeria as well as in the u. S. Since then, it has fallen off and it looks like that is what is causing stocks to go lower. Imap, energy the is in one of the top spots paring its gains. Health care and technology are languishing today but yesterday we had the big pullback in retail stocks. Its a mixed trade and retail. Kohls first earningspershare missed their forecast with possible sales down 3. 9 . They say consumers are not lying apparel and it says it has a good issues from a marketing perspective and the shares are down 8 which is a fiveyear low. Ralph lauren is seeing fruit of the turnaround efforts. The ceo has reorganize the company. Revenue f