Aforementioned yahoo . They were just talking about it. Well get you ahead of all of the trades. Mandy has gone down to the heart of the action at the New York Stock Exchange. Hi mandy. Its a down day, as you said but being driven by a few stocks as you mentioned. Ibm and United Technologies for more than 100 points of the dows drop. Bob pisani joins us here on the floor of the stock exchange. We did not color coordinate ourselves. But it looks good. A happy coincidence. The important thing is if you look at ibm and United Technologies, put them up for me, they are about 120 points to the drop in the dow that were seeing today so very very unusual action, and thats why the dow is much weaker, for example, than the s p 500. We are having a problem, again. So in the First Quarter, put up whats going on with United Technology and ill show you this. In the First Quarter the big problem for Multinational Companies was number one. Week Global Growth particularly china and secondly the strong
Trading. Check it out, 40. 21. The last time you saw prices like this it was 2009. March of 2009. We were in the midst of the financial crisis. It was a lack of demand. This time around its not just a lack of demand for slowing economies like china but also massive amounts of supply. Well talk a lot more about whats happening to wti but right now barely holding on at 40 dh 40 dhr 40. 21. The shanghai composite closing down by more than 3 and in europe greece making a 3. 5 million payment to the ecb on a maturing government bond. Athens using money from the latest bailout. Back here in the states a few economic report of note, weekly jobless claims at 8 30 a. M. Eastern time and then at 10 00 existing home sales. We got a couple of other big stories in focus right now. Of course the fed is on our mine. Yesterdays release of the minutes from the last fomc meeting raising a number of questions about the timing of a possible rate hike. Its the question we talk about virtually every day and
Stocks. Bigger, not always better. The ceo tells cnbc hes not interested in chasing scale. When youre living in a changing world, the species that survives is not the biggest. They are the fastest and i believe our role as havas as a global company, we need to lead the way of the change of how we can be more nimble. Welcome to the show and happy friday to you. Its oil catching the attention of investors. Crude oil just turned into negative territory after yesterdays 10 leap. That was the biggest oneday rally since march of 2009. This thanks to a bounce back in Global Equities and a strong u. S. Growth print. In the u. S. The Energy Sector had the best day since november 2011 gaining over 5 . Leading the way was Console Energy up almost 14 . Transocean higher by 11. 5 . The sector close to getting out of correction territory. The major Energy Stocks across the europe getting a boost in todays trade. Tullow oil up over 7 . Bp also trading in positive territory. Now another gainer in toda
Amazon, microsoft, and alphabet are still to come. We will break down the key numbers to look out for and we have an interview with the ups cfo. Mark lets have a look at where european equities are trading right now. 30 minutes until the end of the session. Stocks falling for the first day in seven, highest close since august 2015. Today is all about the ecb. And actually rose during the ecb meeting. They kept policy unchanged, rates at present or lower levels. Qe can be increased in size and duration. The big comment was Downside Risks have diminished. That pushed the euro higher. However, underlying inflation pressures remain. Risk still tilted to the downside. They did discuss whether to. Hange the assessment of growth ecb economists suggest that will happen with forward guidance. The euro lower, sovereign bond yields falling today. Commodities and cds. Deutsche bank shares lower today. In the u. S. ,s rising 11 versus 24 for the big five in the u. S. Revenue dealing from stocks, wh
Dramatically. Asian markets fell between 1 and 2 . In his victory speech last night trump struck an optimistic tone regarding americas future. We must reclaim our countrys destiny and dream big and bold and daring. We have to do that. Were going to dream of things for our country, and beautiful things and successful things once again. Jim, we talked to you last night before the race was actually called. Your thoughts this morning. Well, look, i think that people are going to be divided between those who say that he is pro business, not necessarily great businessman because we have people pro business, lower taxes, pro business, lower taxes are things historically that if it were anybody we would say thats good for the stock market. This is a man who likes his kne neilsen ratings. Hes very sensitive to the idea that stocks are overvalued. But at the same time i dont think he wants to hurt someones 401 k . I do believe that he has said that and has always been very comfortable with borro