Noempbt asia the markets were relatively flat the nikkei was up about 15 points. Hang sense added 29 and the shanghai up just over. And closely watching currencies. Early surge in the yen erased the bulk of this weeks gains for the dollar. You can see now the yen is trading 109 pvnt 96 to the dollar. The dollars down across the board. Euros trading 111. 8 and the pound is 147. 04. And ill applies. Brent crude prush pushing above 50 for the first time in several months. And were some people right just a couple months ago that made that trade. Also shares of takata. Kkr expressing interest in taking control of the japanese firm. This coming a it is air bag supplier facing billions in cost due to the recall of those faulty parts. And u. S. Foods raising a billion dollars in its ipo making the second biggest of the year. Shares are trade on the nyse today under usfd. Stocks to watch this morning. Hp, inc. Reporting better than expected Second Quarter profit. Cost cutting offset a drop in r
Put another good morning. Its Worldwide Exchange on cnbc im sara eisen. And im wilfred frost. Its Throwback Thursday and its go to karaoke songs. And were holding some gains with a mixed picture. Dow futures down 6. 5. S p down 1. Nasdaq positive. Its been the outperformer its up 2. 5 for may. The chart to watch . Brent crude oil. Pushing above the psychologically important 50 a barrel mark for the first time. Were sitting just above there. Just holding on. Besee a half percent above wti. And brent. Wti 49. 84. And later in the show the fact that brent is above wti. Well get his perspective on how long it might hold this time. Lets check knob Global Market this is morning. Europe mixed. Just lost a little steam in the last half hour or so. Most of the markets are negative. Not too pronounced. Germany is positive. And spain is down because the banks are down significantly. Banco popular had a rights issue and down about 20 weighing on the sector more generally. Europe over the course of
Cramer. You can see the dax, which is not having a great year is up. France and the ftse is down ever so slightly. 10year note yield and wti right at 50 bucks and brent a bit above that. The yield at 1. 854. Lets get to our road map this morning. It begins with more painful retail. Were going to break down all of the big earnings that are out this morning on that front. And is the ipo market back . There are Six Companies making their debut today. U. S. Foods we just mentioned here at the nyc, set to be the second largest initial Public Offering on the year. I think Mgm Properties will be the largest still. And what role will apple play in the future of television . The deal, i dont want to say it, were going to talk about this fun story. Its fun. Its never going to happen. Kim jong jim if you havent seen that one. I dont think of you as the fearless leader. No, and i havent spent a lot of time with Dennis Rodman either. Crude surpassed 50. Stock futures also up following on the gains
Well. Crude Oil Yesterday you saw wti back up 50 dollars for the First Time Since october. Now you see wti is down close to 1 . 49. 04. Couple big stories. The news just breaking in the last half hour. Eight auto makers issuing 12 million rerecalls. And more recalls are expected to be announced in the coming days. That is one of those stories that just continues. Also g7 leaders issues a warning overnight. Saying a british vote to leave the eu would seriously threaten the world economy. In a statement the leader said a brexit would reverse the trend towards greater global trend and investment and the ensuing job creation. And that back and forth between paypal founder peter thiele and gawker ceo nick denton continuing last night with denton writing an open letter. Thiele launched a decade Long Campaign against gawker after the blog outed the founder as gay. Denton called thiele thin skinned and challenged him to a role about the denton has begun solicits bids for the sale of gawker. Lo