The Baltic Dry Index, once considered a key gauge of the global economic activity, is collapsing to its lowest levels in 25 years. CNBC's Dennis Gartman weighs in.
The market moves higher as positive manufacturing data continues. ADP says January private sector jobs were up 170,000. Ford and Chrysler see sales growth in January. Seagate expects unit shipments top jump by nearly a third this quarter. Northrop Grumman 4th quarter profit more than doubles. And Whirlpool provides optimistic commentary for the year. Meanwhile, Amazon guidance disappoints the Street and the company's stock takes a 9 percent hit.
Markets in Europe end the day at a 6-month high on renewed hopes for Greece. Markets are boosted by data showing German manufacturing growth. Banks and Chemical companies among day's top gainers. European regulators block NYSE/Deutsche Boerse merger. Yields fall at Portugal auction of 3- and 6-month debt. And iBM reportedly plans to cut 8,000 jobs in Germany. With Jeff Carter, independent trader, on MF Global.
"The NYSE should be in this country and shouldn't be owned by anyone else and any other country," says Donald Trump, Trump Organization chairman/president. Trump shares his thoughts on the GOP race for nomination and adds, the longer the campaigning goes, the longer discussions continue, which is good for the party. He says if the economy gets better it is better for the sitting President.
US stock index futures indicated a sharply higher open for Wall Street, with spirits lifted by a possible announcement of an IPO by Facebook and ahead of various data on unemployment. In Europe, shares are higher, led by banks and after China's manufacturing sector data showed an upturn in production.
US futures point to Wall Street opening higher today, while European shares extended gains as investor sentiment was boosted after manufacturing data out of the UK and China came in better-than-expected. However Asian stock markets struggled as weaker U.S. data dampened recent optimism that the world's largest economy may escape the gloom from the euro zone debt crisis, while Chinese manufacturing surveys failed to break the cautious mood.
Mad Money host Jim Cramer shares his final thoughts on sovereign paper and the European bond market.
The EU is one step closer to a fiscal pact as 25 of the 27 European countries agreed on a stricter budget discipline, with George Davis, RBC Capital Markets.
U.S. markets lose early gains after a surprise drop in consumer confidence. Homebuilders are down today after home prices fall again. RadioShack shares plunge after the company severely lowers its Q4 forecast. And the bull run in gold appears to remain intact.
European shares trim early gains on U.S. economic data, but close mostly higher. Portugal stocks underperform peers on worries about possible default. Euro zone unemployment hits highest level since currency was introduced. The euro reverses course, loses ground after early gains. Tomorrow, 27 EU commissioners vote on NYSE-Deutsche Boerse merger. Greek public sector haircuts possible: Eurogroup's Juncker.
CNBC's Rick Santelli shares his thoughts about whether many professional economists are objective or not.
CNBC's Rick Santelli shares his thoughts on why debt forgiveness and Austerity in Europe will choke economic growth, with Howard Dean, former DNC chairman. Dean and Santelli debate the U.S. housing crisis.
US stock index futures indicated a strong open for Wall Street today ahead of a slew of earnings and as hopes rose for a deal between Greece and private sector creditors on restructuring some of the country's debt. European shares are also higher on optimism about Greece, while EU leaders agreed on a stricter budget discipline plan to prevent further debt build up in the region.
US futures point to Wall Street opening higher on the back of a more positive sentiment in Asia and Europe. European shares rose on hopes Greece was nearing a debt swap deal needed to avoid a messy default, while European leaders agreed on stricter budget discipline measures to help prevent further debt accumulation in the region. Asian shares ended mostly higher today but worries over Portugal's refinancing ability capped gains.
Michael Holland, Holland & Company; David Goldman, Macrostrategy.com; and Andrew Busch, BMO Capital Markets, discuss today's market comeback; Europe's economic woes; and whether U.S. stocks are still ridiculously cheap.
A currency strategy on renewed interest in New Zealand's assets, with Amelia Bourdeau, Westpac Institutional Bank.
Kathy Lien, Director of Currency Research, GFT says the key issue to watch in Europe is whether Portugal and Greece will default.
Greg Peters, Morgan Stanley Research, explains why now is the calm before the storm in the European debt crisis.
CNBC's Mandy Drury reports on the down day for U.S. markets, which are off the lows. U.S. banks are down, while Thomas & Betts agrees to be bought by ABB Ltd. Carnival says it's going to take a hit over the Costa Condordia tragedy. They don't believe it will have a long-term impact. And word is that Facebook could file its IPO papers this Wednesday. Morgan Stanley is rumored to be handling the deal.
Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.
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Scott Kessler, senior equity analyst at S&P Capital IQ, highlights that Alibaba is and is likely to remain the primary driver for the Yahoo stock and discusses the group strategy.
Philippe Legrain, author of the European Spring, discusses why he thinks the banking union is "bogus".
Charlie Morris, chief technical strategist at HSBC, says the recent sell-off is a rotation out of the "Go Go Growth" of the past year and explains why he's increasingly investing in property.