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U.S. Morning Call: Global shares in tailspin

Thursday, June 13, 2013 - 03:50

Jun 13 - World stocks were pummeled & the dollar fell as a sell-off on global financial markets in thrall to central bank stimulus accelerated.

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On Thursday morning call we added checklist indicators that show global markets are in eight -- it. Check this out market struggling with their stimulus addiction. And withdrawals and tonight. In Japan the Nikkei thinking six point 4% to its lowest close since April 3 sharing. A bear market Japanese stocks still hurting after the Bank of Japan did not -- stimulus this week. Sure how unsettled things aren't the yen jumping against the dollar and ten week peak. As traders sell off their long dollar positions. US ten year bond yield is around two point 18%. Hovering close to its fourteen month high. As US investors grapple with this question to taper -- not to taper. That -- a wet towel on things cutting its outlook for global growth. So what does all this mean for our open a lot of red arrows that's been down ethnic futures all now. Even the recovering US housing sector is stumbling a bit. He -- saying banks sees more US homes -- as a greater number of Americans found themselves entering the foreclosure process. Today's economic data on jobless claims and retail sales could offer some relief retail sales expected to pop slightly reports at the percent. From just 110 of -- percent growth last month. Taking a look at a few US stocks on this rough day for the markets we see Apple's -- in the premarket trading below its fifty day moving average. But guess what. Looking at watching I found with bigger screens. Sources say at least two larger appetite bones may come out next year. Apple ripping a page from Samsung's book that South Korean firm is overtaken apple in Smartphone market share globally and and Apple's own country. This cheaper models of the iPhone which will come out in a range of colors is set to be unveiled over the next year as well. Keep an eye on DISH Network today shares -- -- over 4% this week but the tide could turn positive for Charlie hurt it. Clearwire board urged shareholders to accept dish network's offer -- smoke in the deal. And a bad week for Lulu lemon its stock down more than 21%. Since Monday. It was just keeps getting worse for the though. Its chairman -- chip Wilson sold off shares -- fifty million bucks just days before chief executive -- day's surprise departure though he does remain the company's largest voting shareholder. Reuters exclusive Bob Wal-Mart the retail giant may have found a new way to goose its profits. Through a survey of 52 US stores Reuters discovered at Wal-Mart in recent months has. Hiring. Workers at many of its stores. Just haven't done so outside of the holiday shopping season. We tell experts say this -- from Wal-Mart to cushion itself from a potential rise in health care costs next year. Related to president Obama's Health Care Reform high intense means it could take a year or more for health care benefits to kick it. Italy's Wal-Mart not in not pay at companies spokespersons said he -- at the same starting salaries other workers. At the end of 2012 Wal-Mart had more than one point three million US employees. At over reports house stores. That's -- Thursday morning call remembered a pilot thought letter writers either get more great videos of -- dot com last letters he. -- -- --

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U.S. Morning Call: Global shares in tailspin

Thursday, June 13, 2013 - 03:50