We will be joined shortly by Larry Summers. He has a piece out today in the Financial Times on the dangers of the United States giving of the leadership role in the Global Community of nations. Alix it is still a busy day. We get nonmanufacturing isn data. President trump will lay out his plan to overhaul the u. S. Traffic control system. Tim cook will deliver a keynote address at 1 00 p. M. Eastern. There should be a lot of shakeup especially when it comes to ai. Inathan a deadly attack london over the weekend left seven dead and nearly 50 injured. The Prime Minister of the United Kingdoms broke spoke earlier today. The successes weve enjoyed, we must do more to respond to the changing threat to our country and our way of life. We cannot deny that the threat from islamist extremism is one of the greatest we face. Now isn joining me nejra cehic from London Bridge and andna. What have we heard from the Opposition Party and how does this set us up in three days time . We heard from there
Im sara eisen along with Michael Santoli who is generously sitting in with wilfred frost who is also with us this morning, reporting live from london. Covering this weekends terror attack. Well have more from him in just a moment. First, lets check in on the Global Markets this morning. After u. S. Stocks made another move yesterday. They got a 1 gain or so for the week on stp. 1. 5 0 for the nasdaq. We start in the red just barrel. Dow futures down 6, nasdaq down 2. 5. S p futures down 1. 5 points. I want to show you crude oil prices which are rising still higher after saudi arabia, bahrain and the United Arab Emirates along with yemen all cut ties with qatar. Those countries are accusing qatar of meddling in their internal affairs and backing terrorism, increasing concerns about supply disruptions. Were now seeing 0. 8 move higher on wti surpassing 48 a barrel. The stock index dropping sharply, 7. 5 . Well take you to dubai for an explanation and more on the Market Reaction in just a
Terror attacks down by just 0. 25 . Breaking overnight, saudi arabia, the United Arab Emirates, egypt and bahrain severed ties with qatar. Now, theyre accusing the country of supporting terrorism. The gulf states said qatar support of the Muslim Brotherhood threatens National Security because the foreign minister has said the measures are uninjured based on claims that he says have no basis in fact. Takes a quick look at crude prices. Wti at 47. 84. We will get a live report from dubai in just a couple minutes. In london, as you know, on saturday, seven people were killed dozens were injured when three men drove a van into pedestrians on in this case, it was the London Bridge then attacked people with knifes in a busy neighborhood. Its the third terror attack in the uk this year, comes days after manchester and just ahead of thursdays parliamentary election. Lets get to wilfred frost in london good morning, will. Reporter good morning, joe. Seven people dead, as attackers crossed Londo
Entertainment. This is daybreak asia i am in new york where it is just after 7 00. It was an extraordinary jolt for u. S. Markets. 10 days of record gains when it comes to the dow. S p also seeing record high. It shouldnt have taken very much for that jump to happen for volatility to jump. Withrprising it came strong rhetoric from President Trump. It is hard to discern what that rhetoric means. Does fire and fury from President Trump, what does it translate into in washington . It jolted the markets and caused us to fall to session lows. But we seem to have come back a bit, closing lower still. It was the initial fall that rattled the markets. Going to be focused on china Inflation Numbers here. Haidi thats right. Not to much overreaction when it comes to the aussie dollar. Look how it is setting up given a fairly volatile session. Lower sessions today. The kiwi dollar for a second day was the worst performer of the g10 currencies. No expectations of a rate change but certainly some we
Legislation. Our roadmap begins with signs of confidence and optimism, those are the words of the president as stocks notch their longest record setting streak in a quarter century. Plus, trumps cabinet trouble. The president s top pick for labor suddenly withdrawing from a nomination with nearly half of his cabinet and Administrative Team still yet to be confirmed. Snap valuing itself between 19 billion and 22 billion as the owner of snapchat prepares for one of the most hotly anticipated ipos of the year. First up though, the historic runup in stocks getting the president s attention. This morning he tweets, stock market hits new high with longest winning streak in decades. Great level of confidence and optimism, even before the tax plan rollout. Hes referring, guys, to the series of record highs set by all three major indices for a running number of days. And if you look back at the first month performance on the s p, jim, hes got the best record. You got to go back to lbj to see an