For Yahoo. The recent single digit midget is popping this morning as there are reports around that Microsoft will buy the search business for something around $20 billion. Yes, that is more than Yahoo's total market value, even after this morning's pop.
It might be true. Microsoft can do whatever they want at this point, and Yahoo needs to hurry up and get off the stage before the board and top management get sued into oblivion.
Oil is trying to get down into the $40s with no fundamental end in sight. OPEC is powerless given the sharp decrease in demand and no light at the end of that tunnel. The U.S. 10 year is down to 2.88%. The Fed should use this window to sell some 30-year (or 50-year) bonds. Why not? They're going to need the money.
Futures are down sharply. No surprise after the move we've had.