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1 you see it there at. 89. An amazing day yes, it is. Thank you so much. Welcome to power lunch. We have all the angles of this historic sell off covered. Bob is watching stocks for us. Rick tracking the historic lows in bond yields all eyes are on the trump administrations response and stooefr steve is on the feds next move. Well start with bob were back at the lows for the day. That 7 level becoming important because of the Circuit Breakers. We had the halt at 9 33 eastern time lets review the Circuit Breakers because they were very important this morning these are long history but only used once. Level one down 7 . We saw that at 9 33. Theres no other halt if were down 7 . Next level is down 13 that would be another 15 minutes until 3 25 p. M. Eastern time and there would be no trading halt at all unless we went to level 3 down 20 that would halt trading for the rest o ....
And another indicator is simply the fact since these iranian strikes last night in iraq, we have not seen a u. S. Military response remember, the president in his warnings to the iranians before the strikes suggested he had 52 sites targeted and ready to go if the iranians took any action. The president has not pulled the trigger on that option since the iranians took their action last night. That may indicate hes in sort of a strategic pause kind of a mindset. We will see. Its hard to read in anything to what the president might be doing here because theyve either been very careful not to give us any indication of whats in these remarks coming up i have been texting and pulling officials aside in the hallway in the west wing trying to get an indication and they simply wont tell us what the president s tone is going to be or any of the content of these remarks. This will be as fresh to all of us as it is to everyone around the world when the president delivers it. But i think those two ....
Carl quintanilla with jim cramer a solid open as we watch more good Bank Earnings and consumer inflation that is a touch cool 10year core cpi runs 1. 7 year on year. Wells fargo with earnings, does it point to a strong season of corporate results . Tech policy head winds, the fang stocks are set to open higher. Amazon and alphabet above the 1,000 mark and 21st century fox down in the premarket following the drag from comcast and direct v owner at t bank of america better than expected as improved lending activity and higher rates offset weaker trading revenue and wells beats on the bottom line but revenues miss and that stock is lower as we watch efficiency ratios. Wfc, wells does a pretty good job of not talking about the issues that beset wells fargo. I will say in their defense, there was not a decline in average deposits, up 4 . People are not fleeing wells fargo. Bank of america has become the bank that i always thought it wou ....
Rebuild relations. Marketshis is bloomberg middle east. We just saw the end of the First Quarter in the u. S. And europe. Lets take a look at how markets performed friday. Cautious tone. People usually dont want to begin building new positions. Stocks hiteuropean 600. About 0. 5 up. Take a look at what happened. 5. 7 over the full quarter. Best quarterly performance since 2015. Again, look at european stocks. Up almost 5 . Pretty amazing. Yousef it has been one of the quietest quarters in a long time. There has been plenty of action. Two hours away from the opening of the emirates market. Thegy weighing in on broader sentiment. Pretty much unchanged. Strong gains in consumer discretionary. Also, utilities. The weak spot, material stocks. Helping to push to buy forward to read first bank of abu dhabi dubai forward. Showing dividends in kuwait. Clouding the picture. Cross over gears and some of the key assets we are watching. What a ....