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What i am looking at it what they are looking at. Reach out a common theme their. Mitch mcconnell and the president say they will try to reach Common Ground on it interests such as International Trade and taxes reedit and kentucky yesterday, mcconnell spoke about ending gridlock. Work on to pass legislation, some of it he may not like, but we are white to function. This gridlock and dysfunction can be ended. It can be ended by a senate that actually works. Mcconnell made two promises no more government shutdowns and no defaults on a national debt. The European Central bank will likely keep its Interest Rates on the floor. Ecbs meeting for the First Time Since the bank of japan dropped its stimulus surpr ....
Decision. More importantly, the ecb, they will be issuing their statement a. M. Ecision at 7 45 a. M 7 45 this morning. Cut expect druggie to rate. Draghi to cut rates. We will have Michelle Meyer with us as we see this decision and press conference. Anything goes even what we have seen overseas with the markets. In the meantime, back here in the u. S. , the parade of earnings continues before the bell. Aetna, gm, 20th century fox, and aol. We will pay close attention to aol, because the ceo of the company, tim armstrong, will be on later with us. After the bell, news corporation, linkedin. The olympic guys begin today in sochi. One guy is trading three lightbulbs for a doorknob in his room. Data check. Equities, bonds, currencies and commodities. One screen today. Futures are up nine points. The yield is back up, a good sign. Calming the market at 2. 67. Your wreck euro goes nowhere. Here is what i am looking at ahead of tomorrow ....
For you nestors Restoration Hardware is coming after the bell. Lets do a data check. Interesting market. Futures up 5. The yield moved lower over the last 24 hours. Dollar, weaker at 1. 37. Crude back to 100 and barrel. Finally weakens today after a good 6, 7day bout of strength. The yen was stronger earlier, it has given up back. Look at gold, under 1300. Look at the gold chart. Heres the surge in gold. The big rollover from june 2012. This is 1400. Here was the bull dash. People getting feverish about gold. We just bounced right off that. And curious that gold could not get up through that area up. As the vix was pushing you look at gold, and clearly, not the case. Three or four tough days for gold. We have scoured the newspapers and the web for what is important for your front page. First frontpage story is citigroup. The bank failed the Federal Reserve stress test ....
Confidence fell on concern over ukraine. In the u. S. , we will get our own measure of confidence at 9 55 a. M. Courtesy of the university of michigan. Oute got kb homes coming and eu leaders are gathering in brussels talking about russian tensions. Its back and forth with the russian sanctions. There have literally been three round trips of discussions. There are important discussions going on. Hans nichols is over there and we will check in with him later. Secretary of state john kerry is in saudi arabia. Thats an important meeting. Will get the weekend started. Lets get a data check. At4 and the two year yield is moving lower. Is churning. Ar address the geopolitics of oil in iraq in this hour. 11. 63. The weaker dollar is confounding the dollar bulls. Lets look at the 10 year yield as the litmus for the Financial System. This is arbitrary, 2. 5 . Down,e last year, we come we come down and you wonder in the last couple of day ....