NEW YORK ( TheStreet) -- Today it's the weak dollar that is leading headlines, as the greenback sank to three-month lows on the back of weak U.S. retail sales. The issue was that investors were looking for a pop in sales as weakness could no longer be attributed to "the harsh winter." It didn't happen, leaving investors to conclude that there may be real reason to worry about the health of consumer spending. U.S. equity futures are up as European stocks are lower.
Meanwhile, the rout of bonds worldwide continues, as yields are rising across the globe.
Greece's finance minister Yanis Varoufakis said today that he believes that Greece's debt owed to the European Central Bank should be pushed out into the future. But the ECB will not have any part of that, according to the minister, because Germany would not permit such a move.
Not known to hold back, an official from Saudi Arabia was quoted in the Financial Times as saying their plan to crush high-cost producers of oil (i.e. U.S. shale players) has been successful and it looks like they will continue to keep the pressure on price as they pump oil at record levels.
It is being reported this morning that Walmart (WMT) is planning to offer its own Prime-like service, where it will charge $50 a year for rapid, unlimited shipping to challenge Amazon (AMZN).
Earnings calls of note today include: Prestige Brands (PBH), Kohl's (KSS), Symantec (SYMC), Applied Materials (AMAT), King Digital (KING), Nordstrom (JWN), Eagle Materials (EXP), and Darling (DAR).