Seeing the impact across asian fx as well with that weakness in the dollar. The aussie dollar holding steady. We are seeing brent crude trading a little bit higher. When it comes to oil, we are continuing to really monitor what we are seeing with that demandside concern. Saudi arabia jacking up their prices, pushing a little bit of upside momentum there. That was the biggest weekly drop for crude since february so still pretty shaky when it comes to the demand side of that equation. Annabelle that is right and its going to be quite an interesting session as well. We got a number of markets that are shut so far. There is japan, korea, and thailand in focus as well so perhaps when they do come back online, you will see the ketchup trade given the big runup we had in u. S. Equities on friday. The s p 500 gaining more than 1. 2 and as you said, it was that collective sigh of relief perhaps that the fed could have reason to cut sooner rather than later. Talk about last week, we had the pros
American Enterprise Fund bowman cutter. They support Economic Development and generating financial returns. This is nearly two hours. Okay. Lets get started. Im dan runde. Were going to have a conversation about whether or not we need to revisit the concept of u. S. Enterprise funds. U. S. Enterprise funds were launched in the early 1990s by george h. B. Bush, were country focussed where u. S. Government dollars funded investments in developing countries. It was an idea that was ahead of its time. And there were several dozen of these Enterprise Funds that were launched. Many of them were very successful. Some that had some hiccups. But most were broadly very successful. But you would ask yourself, well, why hasnt there is any number of Different Countries where you would say we ought to be applying this. Thankfully, in the obama administration, there were a number of countries where there was political will to apply this tool. And i think its a very valid and useful tool for our tool
Okay. Lets get started. Im dan runde. Were going to have a conversation about whether or not we need to revisit the concept of u. S. Enterprise funds. U. S. Enterprise funds were launched in the early 1990s by george h. B. Bush, were country focussed where u. S. Government dollars funded investments in developing countries. It was an idea that was ahead of its time. And there were several dozen of these Enterprise Funds that were launched. Many of them were very successful. Some that had some hiccups. But most were broadly very successful. But you would ask yourself, well, why hasnt there is any number of Different Countries where you would say we ought to be applying this. Thankfully, in the obama administration, there were a number of countries where there was political will to apply this tool. And i think its a very valid and useful tool for our tool kit in the United States. And so we have examples from tunisia and egypt that were going to talk about as well. Were going to talk a l
You picture that in power lunch starts right now. S. Hey, everybody welcome to power lunch for a wednesday. Thanks for joining us. Im tyler mathisen, stocks on track for the first down day maybe for 2018, and you want to be volatility you wont see it there look at those moves. The dow just peeking into positive territory by 0. 01 of a , led by the airlines, american, united, delta all flying a new tenmonth high and breaking news on the tenyear auction results Just Moments Away were above 2. 5 Home Construction stocks tracking for their worst day, folks, in more than a month. Morgan i am Morgan Brennan are Rising Interest Rates a threat to this rally we have all the angles covered Rick Santelli in chicago watching an auction of tenyear notes. Steve liesman here on set on the rapidly Rising Interest Rates, but we begin this hour with bob pisani where stocks are rebounding bob, whats going on slowly but surely, about you it started out rather rocky. Preopen, the futures contract, where ab
Heavy volume in new york. In europe, shares in henkel with their biggest one day loss of almost four years after missing Second Quarter forecasts. The ceo tells cnbc hes not worried about being left out of the m a frenzy. Well continue to invest but whats also important is that you dont get carried away by the high multiples in the markets. We want to invest appropriately but at the same tile dont pay silly money. Welcome to the show. Now the International Energy agency just releasing its oil report for july. We are looking at a 25 decline through july and early august as well from the end of june. That is down to an abundance of supply and a strong u. S. Dollar. In particular, on the supply front, they said that oecb inventories rose counter seasonably by 9. 9 Million Barrels to hit another all time high of 2,960 Million Barrels in june. Interestingly this Oil Price Weakness over the last six or seven weeks does come in the face of oil demand growing and oil supply overall falling. It