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Months in five years. What a reversal to open up just over 100 points. Now lets move on to whats happening overseas, particularly the atlantic sea. The german franks and the ftse. The 10year treasury note, lets take a look at that. Yielding 1. 83 . Not a big move there. Crude oil, man, up one day, down the next. We had a drop yesterday. Now were up 2. 5 . 39. 15. Crude oil kind of stuck in that 35 to 40 range now for a couple of months. Something to be concerned about. Our roadmap begins today with what else, janet yellen sending stocks to their highest closes of the year yesterday. What you care about, where do we go from here. Many people are still waiting on the friday employment datatoo come out. Were going to see two components, boeing and ge and well let you know what theyre doing and why. And apple. Theyre climbing out of bear territory, but the saga from the fbi far from over. Weve got to the very latest. But the meantime, the big story, your macromarkets, theyre poised to cont ....
Good morning, everybody. I am Erik Schatzker. I ruhle. Happy new year. I will wager mine was cooler than yours. It was definitely warm and beautiful and lovely where i was. But it is warm and beautiful next to my partner, Erik Schatzker. News, the top business stories of the morning. The euro has not been this low in almost nine years. The currency fell below 119 earlier this morning. There is concern elections increase this month could result in the greeks abandoning the euro, or as my partner, eric likes to say plus, the ecb is debating whether to expand economic stimulus. Do you like that . Your favorite. Oil resumed its slump today. Below 55 a barrel for the first time in almost six years. West texas in west texas intermediate is below 51. Boost exports to a record later this month. Oil production now at the highest level since the breakup of the soviet union. The preside ....
As we said, the tenyear getting awfully close to 2 . Inversion blowback. The killer here, shire down 25 and a lot of big event funds getting crushed. Earnings from bank of america, blackrock are out, both beating on the bottom line. Can financials lead the market higher . First up, new data adding to concerns about the economy. Stock futures extending their losses this morning after september retail sales fell more than expected, down 0. 3 . Thats excludeing autos. Sales declined 0. 2 . Also seeing a bigger drop in oil prices after that tuesday selloff. Thats crudes biggest oneday slide in almost two years. Oil is down 23 , jim, since june. Its cost opec hundreds of millions of dollars. Larry fink that morning saying he thinks gas prices are going to come down 30, 40 cents into years end. Gas prices are based on brent. Brent has come down a lot. I think thats a nice prediction. You need oil to go to 70 if that happens. Is oil possibly going to 70 . I had harold ham on last night, who a ....
Your nest egg, the answer may surprise you, more coming up for wednesday, october 15th. Good evening, everyone, and welcome, take a deep, deep, deep breath. Now exhale. It was that kind of day on wall street, the kind that makes you hold your breath, the kind we have not seen in more than three years. At one point today around is 3 00, the dow was off 100 points, the steepest dive since 2011. Right now, the numbers tanked in athens, oil skidding again, to cap it all off, a fresh ebola scare. Then something happened, the buyers or maybe the algorithms came back, by the end of the day the dow was off just 11 points, the nasdaq down 11, the s p just 15, the investors, and the tenyear low dipped 2 , the lowest in more than a year before moving back above that level. As for oil, Domestic Crude Oil dropped 81 a barrel but ended just 6 cents low, posting the lowest decline. Brent crude oil fell to 80 a barrel in the biggest oneday dr ....