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Tuesday May 12, 2015

// May 12th, 2015 // Daily News

Wall Street seen sharply lower as bond falloff weighs
Katy Barnato | @KatyBarnato

CNBC.com

U.S. stock index futures pointed to a sharply lower Wall Street open on Tuesday, as global stocks declined on the back of a sharp fall in bond prices.
Dow Jones Industrial Average futures were down about 110 points, after earlier falling about 140 points, as benchmark 10-year Treasury bonds yielded over 2.3 percent for the first time in five months.
“The selling pressure is probably predicated on the rise in interest rates,” said Robert Pavlik, chief market strategist at Boston Private Wealth, citing ongoing concerns about Greece and U.S. equity valuations as other negative factors.
European equities slid in trade on Tuesday, with the benchmark German DAX index around 2.2 percent lower.
Greece emptied an emergency IMF holding account to repay 750 million euros ($839 million) due to the international lender, a Greek central bank official said in a Reuters report. The move avoided default but underscored the dire state of the country’s finances.
Little major economic data is due on Tuesday, with the Job Openings and Labor Turnover Survey in the morning and the federal budget for April, which is seen showing an increased surplus, expected at 2:00 p.m. ET.
U.S. small business confidence increased in April with owners in the energy field surprisingly bullish about capital expenditure and hiring plans, further supporting views that economic growth is rebounding after a dismal first quarter, Reuters said. The National Federation of Independent Business said its Small Business Optimism Index rose 1.7 points to 96.9 last month.

Today’s Inspiration

Seasons Change

by Joyce Meyer – posted May 12, 2015

He changes the times and the seasons. Daniel 2:21

Years ago, I enjoyed a good job as part of a church staff. I had a thriving ministry, a regular paycheck, and plenty of opportunities what I loved and felt called to do. Then there came a time when spoke to me about leaving that job and taking my ministry “to the north, south, east, and west.” I heard Him say, “This season in your life is complete; I am finished with you in this place.”

In my heart, I knew God had spoken. Nevertheless, I had a mixture of excitement and fear about starting my own ministry. I wanted to venture beyond what I had known to that point, but I was afraid of making a mistake and losing what I had. I wanted to see what God would do, but I was afraid to take such a big step into unknown territory.

Sometimes God gets finished with something and we keep hanging on to it. My spirit wanted to step out, but my flesh wanted to stay. I had a lot of security in the position God was calling me to leave, and I didn’t want to give it up. But, eventually I did obey Him and today I enjoy ministry around the world. Remember that God changes things and when He does we must be willing to follow His leading.