Year. But keep in mind we are still about 20 lower than where we were one year ago. The question, of course, now is where do we go from here . Lets bring in our all star oil panel now. Lima croft of Rbc Capital Markets and john. Two things, number one, you called this nigeria thing back on january 27th. Yes. Congratulations. Thank you. Is the output cut thats happening in nigeria enough to sustain higher prices long term or just short term activity . One thing about nigeria is we had supply outages in the past and they lasted a long time. What i keep telling clients is if nigeria goes off line, its sticky. Theyre intent on shutting down production and they have the capacity to do. So its the biggest upside ris nkt oil market. Is there any other sector where you have a group called the avengers having an impact . This is what theyre calling themselves. Its really a men take two. There was a group that kidnapped oil workers, shut down facilities and parade them around on tv. They do thin
Time. Its disheartening to wall street investors. I wonder at what point investors look back and say remember 2016. Remember that year when amazon was profitable for a whole 7 quarters. Im wondering how long you think aws and the prime revenue will be able to cover Everything Else theyre spending on. Well, jeff besos is a very restless entrepreneur. He is willing to have failures and he is willing to have successes as he is having right now in the content area. Hes going to double down in video content. Its the area everybody is growing into. Its hugely competitive and very extensive and hell continue to use prime and other things to attract consumers and dominate the retail landscape which he does right now. Amazon is still spending a lot. Its interesting to me, in q3 theyre going to open up 18 Fulfillment Centers getting ready for the holiday quarter. Thats three tiles more than they opened last year but at the same time theyre projecting this operating profit and they also talked ab
Left over from a training exercise. Authorities demand an investigation. Amazons latest push to take over retail. Walmart reports earnings this week that the largest cruise ship sets out the 1 billion harmony of the seas is taller than the eiffel tower. Markets this morning, gave the nation across the board. Best performance there. Shanghai and hang seng up almost 1 . There are reports japan may announce more fiscal changes to hope whos the economy. Nikkei average at the third of a percent. As you can see fractional losses there. Germany closed for holiday. Others done between a quarter of a percent and three quarters of 1 . Shares of markets look like. Features indicate a higher opening. We have a handful of Economic Data this morning and this week with the big story will be on earnings. Walmart and cisco among those to watch this week. Here with me this morning, Fox Business Network, dagen mcdowell, wall street Deputy Editor in chief, not her feet. Great show friday, transfixed. Dage
Backup. Smooth flow of traffic. There is a that drizzle kari was talking about. This morning the wait is almost over. The road to rio culminates with an explosive celebration tonight during the olympic Opening Ceremony. Live pictures from rio this morning. For months nbc bay area has been preparing to take you inside all the action and all the local ties to the biggest competitions on the planet. Nbc bay area anchor Jessica Aguirre is live with us from rio de janiero with a sneak peek of ceremony that promises to be a party, jess. It is so great to have you this morning. All the build up, all the excitement, all the nerves, a lot of questions about whether rio is ready. Yes, that is the question. Bon dia, sam and laura. This is the olympic park is where im standing right now which is the rio de janiero. This is one of four clusters that will be holding the olympic games. And this is in the magic city. Now, tonight this city is getting ready to host one of the biggest spectacles on eart
Europe, germans biggest brought to to mes by american authorities either way we will be affected, welcome to the world of Systemic Risk its back. Opec a deal to get oil prices up will they stick to it jury out oil prize down a faction today. And, of course, Varney Company is all over the election the story this morning number one, media, more apoplectic attacks on donald trump number two, liberate barrierian gary johnson another aleppo moment, three trump goes into attack mode follow hillarys money that crooked woman he says. Just wait till you see what amazon is doing you are watching it now, i have been around a long time, you dont every see anything like that Varney Company is about to begin. Stuart get out of the way from getgo slightly other opening for stocks today, Economic Growth is still well below 2 , that was news this morning, oil consider this please. The saudis opec agreed to production cut, just as 9 11 victims get right to sue saudis a coincidence . We are on it oil dow