Go. A congressional grilling for a c. E. O. At the center of a deadly scandal leads our global report today congressional grilling for a c. E. O. At the center of a deadly scandal leads our global report today as boeing chief executive dennis mulan bird goes before members of congress to face his sport as boeing chief executive dennis mulan bird goes before members of congress to face his 1st public interrogation regarding 2737 max crashes that killed a totalist public interrogation regarding to 737. 00 max crashes that killed a total of 346. 00 people spoke about the efforts at the Company Invested in will 346. 00 people spoke about the efforts that the Company Invested in improving their aerial technologies and their planes going forward. Weve brought the best of proving their aerial technologies and airplanes going forward. Weve brought the best. Bowing to the sefer we spent over 100000 engineering in test hours were going to this effort we spent over 100000 engineering and test hou
Turn. Oil gains for the first time this week after saudi arabia signals export curbs curbs stabilize prices. Shery lets get a quick check on how markets performed. We see u. S. Futures under pressure right now, down. 3 . We just got the news that the white house has halted temporary licenses to sell to huawei. That is putting pressure on the market, dampening Investor Sentiment after a strong day on the markets here on thursday. We saw the s p 500 gain the most in two months. Was in the green actually managing to erase the losses we saw earlier in the week. We saw tech and Energy Leading the gains. The nasdaq up for a third consecutive session, up 2. 25 percent. Energy was also up in the session as we had oil gained ground. We heard saudi arabia was contacting other producers in order to find a solution to stem declining prices as trade tensions continue between the u. S. And china. We are seeing u. S. Futures rapidly declining at the open on the latest news on wally huawei. Lets see h
David if they could get the pay equal to the americans we would have all would be all set. Finals on sunday, right . Scarlet yes, it should be a great match. Cant wait. David neither can i. Scarlet looks like were going to have a higher day on wall street, building on gains after the s p set two record highs the last two days. A lot of data coming up over the next hour and a half. Weve got factory orders, durable goods, i. S. M. Services and euros, slightly firmer against the dollar. P. M. I. Improved in june. But all the growth is really in service, not in manufacturing and the demand for havens continues. You can see the green color showing buying and treasuries, bringing the yield down. 1. 95 . And with that demand for havens, extending. G gold euros sixyear highs. David its time for the morning brief. This was coming up today. Were going to get u. S. Trade balance data for may may. Around 9 15 this morning, ford will be releasing its latest sales for america. And we get june Market
Is bracing for two days of testimony from fed chair Jerome Powell on capitol hill along with the fed minutes, which will be released tomorrow it is all going down as the market hovers at record highs. So can powell deliver and is the fed about to spark another record rally guy . Yes. Why why eye of the tiger . Why survivor that song is brutal. It is not brutal. You chose that, right it is who survivor. Oh, yeah. I allow 10 seconds of needless chitchat. Because we have to. We usually do 59 minutes guy, can you please. I thought the market is going to roll over for quite sometime. The question is can the fed say what the market needs to hear in order to have the rally continue the s p 500 at alltime high, the vix has a 1500 and everyone feels confident that the rally will continue. I cant imagine what he could possibly say that would be any more dovish than theyve been. It will be interesting he has to answer questions tomorrow, is that right . He does. The question is if im a senator or
Surged as much as 3. 9 percent while west texas intermediate jump by 6 percent before falling back to the mid pfizer around noon iranian officials claim the drone was in their air space when it was down while the u. S. Armed forces directorate for the region Central Command insisted that the drone was attacked over International Waters now joining us to drill deeper into the dilemma are david mack and they need the c. E. O. Of mckelvey Wealth Management and former pentagon official Michael Maloof thank you both for being here so michael lets start off with the geopolitical aspects of everything going on here we know the importance of the strait of hormuz when it came to congress can you tell us how this has been a soft spot for iran in the past its been a contentious period contentious area for quite some time you can go back to the to the socalled tanker war during the iran iraq iraq war and then subsequent events leading. Up to that when iraq was shipping oil through. Canadian ships