Violence in charlottesville in an erratic News Conference prompting more criticism and departures by key Business Leaders. I think theres blame on both sides. I have no doubt about it you dont have any doubt about it either. Only and if you reported it accurately, you would say it good morning its wednesday welcome to another episode of street signs. Want to kick things off with comments coming from the ecb saying that the ecbs president mario draghi will not deliver fresh policy messages at the jackson hole symposium which usually takes place the end of august in wyoming, in the u. S. He wants to hold off on that debate until the autumn. Thats according to sources familiar with the discussion once again, reuters reporting this morning that the ecb president , mario draghi, will not deliver a fresh policy steer at jackson hole. We know jackson hole is usually known forbig policy announcements, whether it comes from the fed or the ecb. A lot of people were expecting for fresh commentary
Welcome to Worldwide Exchange. Im sara eisen im wilfred frost very good morning to you from me as well. Nice to hear coldplay. Im having some sound issues. Thank you for telling me that. Thats probably while they snuck in a wilfred frost choice band you know i wouldnt approve the british band i like coldplay. After a quiet session on wall street yesterday, the dow ended fairly positive. Small moves on the major averages this morning notable strength. Dow futures up 71 points s p up 6 1 2, nasdaq futures are up 20 points well get the minutes from the last fed meeting today after a batch of data in the u. S. Economy yesterday that was pretty decent. As for the tenyear treasury note yield higher yields and a bit of a stronger dollar for a change is what we saw in yesterdays session. 2. 28 is the yield on the tenyear watch the yields and the dollar. The dollar near a threeweek high thats starting to get the attention of wall street maybe a little pressure relief for some european stocks th
Back to shareholders. Shell divests its oil sands, investments for 7. 5 billions and agrees to buy Marathon Oil Canada in a joint deal with canadian natural. Cnbc speaks to Ben Van Beurden at 19 10. And altice shares move higher boosted by u. S. Growth. Well be speaking with ceo Michael Combes at 10 30 cet. Good morning. It is ecb day, the day before the jobs number in the u. S. Excitement and on the back of the super strong adp employment figure we had yesterday. Blew it out of the water. The fed hike next week is baked in the cake. It would take a lot for them not to hike. The jobs report tomorrow is about how many more hikes will we get in 2017. Thats the key focal point. Then we have some interesting news, akzo nobel shares soaring after rejecting a bid from Ppg Industries. They say they received an unsolicited proposal which undervalues the company. Akzo nobel says it is reviewing Strategic Options to separate its Specialty Chemicals business. It will consider alternative ownershi
Song. What is the theme that led to this song . I want to find out. My Favorite Song ever . Well find out very soon. Welcome to Worldwide Exchange on cnbc. Im sara eisenment. Sara eisen. Im wilfred frost. Were throwing it back to barbie doll, which made its debut on this day. If were throwing it back, are there more barbie songs . Maybe well play this one into every break. Or other cheesy ones. I like kens voice in this song. Yes. I was about to try. It would have been bad. Lets check in no. Stop. Not bad. Here are the futures after another selloff on wall street. Third day in a row yesterday. The nasdaq eked out a fractional gain. Absolutely. Futures looking up this morning. Dow futures are up about 8 points. S p is up 2. Nasdaq up 2 as well. Lets go straight to oil. Thats what really spoiled the ma party yesterday. A big plunge in oil. Fell bigley. More than 5 to a level back in december. Lowest level of the year, about 50 a barrel for wti. You can see getting a bounce of 0. 3. Brent
Second. He would come in so high. He believes his number. Not everyone else im surprised that the average stayed below 200. I am too. Given how hot the number was. Its not a one to one correlation. Every other signal on jobs indicates that the market has gotten stronger and stronger for jobs. This 8 30 number we say how big it is. This one actually does [ overlapping talking ]. The futures are looking at 100 odds that the fed raises rates. If you get a weaker than expected number will they still feel like they can go ahead humor me today and go for 450 or something. We just want to see the tweet from trump. You would want that for the american humor you for the purposes of tweeting. It would be fun to watch drudge put boom and have a picture of him. That would be fun. Would you prefer so that you can Say Something negative that less americans get put to work for whatever reno they get put to work. For whatever reason, were hoping for a big number. For other reasons like the last eight