Vaccine. Finding a compromise. Agrees to slowly add more Oil Next Year after days of an stoxx. The Saudi Arabian energy miss mr. Process excruciating. Happy friday. It is excruciating for some of those journalists who stayed up late for that press conference. Look at where we trade friday morning. The s p 500 a bit over concerns roll outow pfizer will that vaccine. We are pushing a little higher this morning on the futures. Is this durable . What stands out is a record in the u. S. , a grim record of high infections as well as hospitalizations. Hospitalizations at the highest rate we have seen the entire time this pandemic. With rates increasing, that means more lockdowns of economies in cities and states. Gavin newsom in california warning california they could be next. The labor market, we will get a read on today. The november jobs report will come out today. Lets take a look at brent crude, testing 50 a barrel, 1. 9 percent higher. You had the opec plus meeting yesterday. Brexit ta
High just days after sinking to near 16,000. One market watcher says he knows a bubble when he sees one. And what starbucks is doing to support frontline workers for the entire month feel good trending story of the day on this tuesday, december 1, and this is worldwide exchange. Welcome from wherever in the world you may be watching. Thanks for joining us on this tuesday. And welcome to december. After 42 months this year, we made it. And here is how your money looks. Stock futures are in the green not by a lot, but they are higher nonetheless you know what . I stand this is the kind of time where you like being wrong. You look at the futures literally, i dont know, ten minutes ago, 15 minutes ago and they werent doing that much now you have an implied open up 350. Wow. Remember people roll in in the mornings futures, i dont want to say they are worthless, but they do evolve as the morning goes on as more traders in the u. S. I would say get into their offices but now i would say just
Case as soon as today. Preparing for a flood of sanctions. The Trump Administration preparing a new wave of actions against iran in the leadup to a joe biden presidency helima croft is here to weigh in. Theres no stock like your own stock. What Warren Buffett and the folks at Berkshire Hathaway have been at in the past three weeks. This is Worldwide Exchange right here on cnbc im back, back in the new york well, good morning, good afternoon and good evening im Brian Sullivan im happy to be back in a new york mood. And good to be with you after our epic twoweek election road trip theres so much to get to on this monday morning. You have a new week, a new president elect and the possibility of new policies that could impact the markets and your money certainly so much going on lets jump right into it on this monday futures are surging. Dow futures up 375 the election, after all that, pretty much turning out exactly as most on wall street had predicted and planned for. And positioned for
Demand. Ryan, it is always a pleasure to talk to you. It was long in coming. Everyone asking, what are you going to buy . Tell us how you came up with this deal. It is great to be with you again today. We have been talking about the need for consolidation in business for quite some time. We need to put a Value Proposition together that offers investors a different way to think. We have done this with a transformative acquisition with concho resources. This brings in a bunch of lowcost supply resources government 23 billion barrels into the company. It is about a super strong Balance Sheet to manage the volatility we have seen in this business. It is about how you allocate capital for value, not for growth. It is distributions we were going to give back to the shareholder. It is about having a sustainable business. The deal takes an Energy Transition that we know is coming for our planet. Alix can you give us insight into how competitive it was . If you look at the Shell Companies that
Trading there. We do see the asian tech. The more leading indicators that things are looking a bit more bouncy. All of about 1 here this morning. We are watching the dollar strength. Have we reached the peak in the dollar. Things are looking a little bit overbought right now. Dollaryen still seeing some strength. We did see that weaker fix in the pboc. We are watching the bond market as well. Pushing back a rate call. You have jp morgan saying it is time to save the bond rally. Those debts seems to be going back a little bit now. Iron ore seeing a decent bomb. Today. Haslinda President Trumps ban tiktok has been blocked by a federal judge. Dealing a blow to the government in its showdown with a popular chinese owned app. They say threatens National Security. We have been following developments. Take us through the very latest. Ruling from the District Court judges in the east coast. Gave that decision blocking the proposed banned by the Trump Administration. Tiktok had requested prelim