Good thursday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sarah eisen at post nine of the New York Stock Exchange joining us this morning Business Insider ceo henry joining us. We are awaiting President Trump expected to make comments on his new apprenticeship and workforce of tomorrow initiative that is rescheduled from yesterday. Also set to sign an executive order. Eamon javers with us from the white house. Do we know, eamon, whats inside this executive order what the president is set to say . Reporter yeah, we do, sarah. We dont know what the president is going to say here but this will be the first time to see him on camera today since he issued those tweets this morning about the reporting from the Washington Post that says he is under investigation for potential obstruction of justice by the special Counsel Robert Mueller. So well wait to see whether or not he addresses that. He was sarcastic and angry in his tone in the tweets this morning. Well see if
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
Misses. Heres a stat. Today aloerngs microsoft and google lost a combined 30 billion in market capitalization. Apple is also lower right now by the way. Still in a bear market territory. Apple reports earnings on tuesday. Well have much more on that in a second. But first, lets dig in on alphabets mess. We have a senior internetab analyst joining us. It seems like the sentiment on the street is well lower targets but keep ratings. Were standing by alphabet. That is certainty not the attitude of investors in todays session. What is your take on the stocks move . Not surprised to see it down. Obviously, the revenues were a disappointment. They came in 2 below street estimates. You did see increasing season alt in the business. So q4 is very strong. However, q1, we typically do expect season alt. It was a little weeker than we expected this time. It is possible as google matures that its going to be fluctuate more with the seasonality of ecommerce. Were still positive longer term. It did
We have a reporter 200 miles south in edmonton where evacuees are starting to arrive. Thats right. You just mentioned the latest development. The Health Minister saying that they may have to ask the u. S. For some assistance. Now the fire has exploded in size since sunday. It continues to grow. You also mentioned that it is just within mere miles of a couple of oil sands sites tlachlt isthat is a new development. 80,000 people have been evacuated. Many of them were stranded north of ft. Mcmurray. It is usually ment for employees. Some of them now are coming down and were seeing a steady stream of cars and buses come to Evacuation Centers like the one behind me in edmonton. We spoke to one of the evacuees, andy parker. He owns a straut in ft. Mcmurray. He was lucky enough to get out before the highway is closed. Were going to show you footage he took from the cell phone right from the patio of his restaurant before he vee vak waited. He has no idea of the status of his home or restauran
Did you know there are only really five stops powering that index now . Well tell you about that and more. First, lets check in with sarah. Welcome, sarah. Thank you. Its good to see you and be with you as always. We have to begin with that potential deal between walgreens and rite aid. The pharmacy chain stocks all moving right now. This is just talks. Advanced deal talks according to the wall street journal. Supposedly theyre in talks right now. It had a noticeable infect on rite aid. I want to point out here, put up rite aid intraday here. 6. 24. Rite aid at 6. 24 just about 40 minutes or so ago. And we immediately got halted. And you can see the jump up after the halt came off to 8. 51. Whats important is walgreens even moved up on this. Sometimes the alleged acquirer moves down. Thats not the case. You can see that moved up as well. And heres a surprise. Even cvs moved to the upside. You would think this would not be necessarily great news for the competition. Even cvs moved up on