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European Troubles Boost Dollar, Hurt Markets

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  • Description

    FBN’s Nicole Petallides on the stories moving the markets early.

  • Duration 1:52
  • Date

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This transcript is automatically generated

Look everybody.

Now check the big focus we're still down we're down 88 points as we speak a big problem for the market this morning is the idea that the Greeks may drop out of -- be pushed out.

Of the Euro zone that would create financial chaos in Europe not a good for us in America.

That's a -- -- good reason the good part of the reason why would down 88 points as of this morning.

But the call wanna go back to for a second McDonald's same store sales were up but not good enough.

Right exactly what they took in the global numbers and there was weakness in the US there was weakness in Japan and clearly.

In Europe continues to be.

-- lackluster at best so the expectations on -- -- very high for the sales numbers for McDonald's also they did not take into account.

The fact that they are raising prices are having more expensive items such as the twenty sticking -- and and that.

And people are not interested in buying that because they're not quite ready to spend big time didn't want the dollar mail.

Yes interesting economic indicator.

Move onto a Wynn Las Vegas for a second -- that's down and I don't know why.

Well I like you said when Las Vegas because that you think is right when we talk about the -- in China that's where some of these gaming casinos are doing well.

Turns out Las Vegas was a weak point for Wynn Resorts and so they -- first quarter earnings that fell 19%.

And lower -- in Las Vegas and one of the reasons why they missed -- analysts' estimates and down three point 7%.

Thank you very much Nicole let me summarize what's going on here because we just dropped a bit more on the on the Dow we're off now almost 100 points is another down day off nine.

We've got gold weighed down -- has dropped way down to is down below thirty bucks an -- I do believe the price avoid his way down were 96 dollars for about so it's down across the board today.

Largely because that doll what is -- is the dollar as the prime -- of these markets and Semitic.

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