Surpassing the build we got from the api last night. A drawdown in gasoline, 1. 9 million barrels. We were trading 50. 18, that was flat before the report. You can see were under 50 now. Its actually the first build that weve seen in six weeks. Seasonally, we expect to build at this time, but we havent seen it. Now its starting to hit the market. Now there was strong support in crude oil at 50, but this really pushed us through. And remember, were dealing with a dollar thats strengthening as well. So thats going to add some pressure. Yes, theres some optimism out there about opec, rush sharks putting a deal together by the end of november, but its numbers like these that are going to encourage the sellers to come back into this market. So a 4. 9 million build, first one in six weeks. Pretty significant, back to you. We are seeing that selling come in. Thank you very much, jackie deangelis. Our top story this morning john stumpf is out a the chairman and ceo of wells fargo Effective Imm
Are we in the slightly positive territory . Julie we are but a little earlier than you than before. It is a little relevant. Relative. The nasdaq has doubled its gains. What is notable is the s p 500 is now above 2100. This level has been seen as resistant by some technical traders. We will see especially given the pivotal report on jobs, whether the s p can sustain a gain above the level. We will be watching it here look at the mixed picture we have. Energy shares continue to pull back with utilities and tech. Care sharesn health going into this weeks meeting. American society of clinical oncology, a lot of news tends to be made on that meeting. Consumer discretionary caught my eye because a lot of the stocks are coming back from recent losses. News. Does have some the company came out with its earnings yesterday. Is raisingn murphy its price at 69 following the companys earnings report. Comparable sales were unchanged but analysts have been predicting a drop of 3. 5 . It looks like a
Around, as you heard Kayla Tausche talking about so much on the table this week. So much on the table, and what do you think that the month is going to go, a nd what is the traditionally the worst month . Well, now that the earnings are over, we are macro focused an datadependent, so it is more volatile than we have been seeing, but i am encouraged by what we have seen so far, and especially for the consumers. And 75 of the gdp is consumer, and we have good numbers in spending and income, and jobs an wages, and fridays number is very important. And comps is not good. Well, it is spending with on the range, and okay. And volatile series, and the consumer sounds good to many, but what is bothering me is manufacturing. Maybe the oil and the gas bounce and maybe the dollar kind of stabilizingish, that should l help the manufacturing going forward, because that is the one piece that i am going to be watching particularly close ly. And pete, you saw as we come on the air literally on if mids
Action news, delaware valleys leading news program. With jim gardner. It is still developing as we speak. A s. W. A. T. Standoff going on nearly nine hours. A manholed up inside his home, threatening harm and neighbors forced to evacuate their quiet culdesac. Tuesday night, jims off, im rick williams. And the big story is the ongoing barricade situation in franconia township. Christie has been at the scene all night. And joins us from Police Perimeter with the very latest. Christie. Reporter and, rick, we just heard from the police chief. He came over to tell us that this has ended. This man it s in police custody. It was a welfare check and lasted for nine hours. He barricaded himself inside his home. This has now ended, the s. W. A. T. Team is rolling out. Apparently this man is now in custody. Live in the neighborhood . Reporter since 2 30 this quiet neighborhood has been under heavy police presence. What started as a routine welfare check on Bartlett Court escalated into this, home
Tuesday night, jims off, im rick williams. And the big story is the ongoing barricade situation in franconia township. Christie has been at the scene all night. And joins us from Police Perimeter with the very latest. Christie. Reporter and, rick, we just heard from the police chief. He came over to tell us that this has ended. This man it s in police custody. It was a welfare check and lasted for nine hours. He barricaded himself inside his home. This has now ended, the s. W. A. T. Team is rolling out. Apparently this man is now in custody. Live in the neighborhood . Reporter since 2 30 this quiet neighborhood has been under heavy police presence. What started as a routine welfare check on Bartlett Court escalated into this, homes evacuated. Reports that a 54yearold man was intoxicated, and willing to harm himself. Police know there are weapons inside. Hes experiencing some personal issues which caused this. And we have trained negotiators who are trying to make contact with this man