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A great\showing backlash. Welcome to countdown. Anna a very warm welcome to the program. It is past 6 00 in the morning. Here in london. Lets get to a very interesting chat. A reminder of where we have been in the dollar over recent months. Fed chat boosting the dollar once again and that has been the story for the past month. We have here in the blue a chart that is showing what is happening in the dollar to dollar index which is sinking. A bit of a boost as investors increasingly factor in june, withas possible meetings the fed getting a boost from the minutes that came out from the april meeting. Williams adding to the constant flow of relatively hawkish commentary we seem to be getting from the fed. Youve got for the First Time Since march more than a 50 chance of an Interest Rate hike from the fed on june or july. Manus the big question is what the fed is about to do. T ....
Bump in the road. Has accusations of bias as a valid to change the way stories are trending. Follow me on twitter. That is my handle. Ere as use that hashtag th well. Hong kong getting underway in about 30 minutes. Singapore and Malaysia Online as we speak. Lets have a look at what is going on. Fed speaks, that is when the market reacts. That is being reflected in the early asian session. Singapore, malaysia, and taiwan coming online. Take a look at taiwan. About up we are off by. 25 . The biggest move in nine months on the account of heavy buying into some of these tech stocks. We are seeing some of those names giving back gains today. There was the story of potential demand for the new iphone coming through and the impact on the taiwanese iphone suppliers as well. Elsewhere across the region, the tradingown by. 7 as gets underway. That is weighing on exporters, consumer names, retailers. In particular, automakers and electronic ....
And coming up, chuck robins talking earnings. Thats moments away. Our top story in s. An egyptair flight. This appeared from radar over the mediterranean. They had 66 passengers and crew onboard. Weve been watching this story and she joins thus morning. Good morning. We just heard from the minister of Civil Aviation in egypt. He said he is launching a joint investigation with french authorities trying to find out what happened to egyptair flight 804. The big question Going Forward is what exactly happened once this plane left the radar. What we understand is that happened around 2 30 a. M. They were 20 minutes from landing. This was in the southern mediterranean. The Greek Defense minister saying that the plane was making sharp swerving moves before it was lost from the radar. Now what we heard a few moments ago from the e ....
168 points to the down side. At the lows we were down about 185, 186 points. So were off the worst levels of the session so far. But an interesting carry through from yesterdays trade when it was all about the fed minutes and the idea. The possibility of a june rate hike from the Federal Reserve and that really drove markets kind of a little bit more towards the volatile side. Today, most is to the down side in terms of moves. You can see theyre off by 1 for the s p 500. Utilities and staples have taken up the lead if can you call it. That up about a quarter to a third of a percent. Theyre showing signs of life here in this particular down day. The financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterdays trade. On the idea that Interest Rates could rise on the longer end and the shorter end and maybe expand ....
Crude oil prices also, which yesterday ended relatively flat. Prices have picked up slightly to 48. 25 for p ti. Brent crude up as well. Existing home sales come out at 10 00 eastern time. Expected to have a risen but at a much slower pace than march. As for earnings look for campbells soup, deere, foot locker and the buckle. Its stubhub. They got pay you 500 oh okay, how much . Oh pay me a thousand o go. Kind of a negative Interest Rate thing where they actually pay you do come. Its ban busy week on the retail front. The latest name to report. Gap. The retailer posted earnings in line with previous guidance but it is giving a cautious outlook for the rest of the year. Warning it needs trends in the Apparel Retail environment if it going to hit wall streets earnings target. Amid that slump gap plans to close all Old Navy Sto ....