Im sara eisen. Good morning from me as well. A big day ahead on cnbc as we bring you a front row seat to the sixth annual delivering alpha conference. Bringing together the most important players in Asset Management and tackle the Critical Issues facing investors in todays economy. Among the headliners treasury secretary jack lew kicking things off. His predecessor tim quite quite speaking, paul singer, steve are schwartzman karl icahn. Another tripledigit move here in the premarket. We saw this kind of move yesterday completely reverse course and the dow closing up more than 200 points. Dow futures under pressure again, minus 112 there. S p futures are down 14 half points. Nasdaq futures are down about 30 points as well. Again this after yesterdays reversal that clawed back more than half from fridays big selloff. Amazing turn around. Yesterday we were looking at similar futures declines. By the end of the day two sectors were up less than 1 , energy and materials. A massive rally tha
After 11 people were killed when a powerful storm swept across the region. And marking disaster prevention day. Nearly 1 Million People across japan took part in the annual drills responding to a simulated massive earthquake. Japans Prime Minister has pledged to help transform saudi arabias economy while reducing its independence on oil. Shinzo abe struck a deal with the deputy crown prince as he visited tokyo. Translator the world is keeping a strong eye on your leadership and drastically changing saudi arabias economy and society. Prince mohammed replied he highly values the relationship with japan. Hes seen as a key figure in the Oil Rich Nation and is in charge of economic policy. The two leaders confirmed a conference of ministers would be set up to discuss reorganizing the saudi economy. The first meeting will be held in saudi arabia in october. Rescue efforts continue in parts of northern japan that were hit by a powerful storm on tuesday. 11 people are dead and 3 others missing
In january to the second highest early 2007. Closings of 0. 4 to an annual pace of 5. 4 7 million. Prices are climbing, as we heard about in december this morning from the shiller report as well. Consumer confidence coming in ofow estimates at a reading 92. 2, 90 7. 2 is what had been anticipated by economist. That is a fresh number for february here. It is still at a threemonth high even though it came in looking at a conference board. Im getting confused between the various cymer confidence industries. One falling to 92. 2 does not tend to be necessarily a market moving number. We are seeing stocks declining on the day on concern of Economic Growth in china, concern of what is going on in oil markets as well. Lets look at the imap and the various groups on the move within the s p. A lot of the groups that are done well are now coming down today and notably, material shares are selling off. Andgy is also lower today financials are taking a hit as well. Oil prices, lets look at what is
Up the c suite with ceo dan has he been replaced. Hessy being replaced. And Goldman Sachs and j. P. Morgan, according to regulate us, have not shown that they can collapse without causing Severe Damage to the economy. They are still too big to fail. And as i just mentioned, a morning of failed deals, both in telecom and media. Is someone who has had one of the most successful 10 years of any media company. Bob wright is the former chairman and cto of nbc universal. He is also the cofounder of his company. Make you for being with us. Is anything happening here . The last time you are on, there was lots of media news. You always find the perfect day to come on our show. Off, what do you make of Rupert Murdochs nondeal . Speaks forhat itself. He got out there with a very attractive offer, and offer i hope nobody would talk, top, which appears to be the case. Maybe they had some expectation it would move a bit and i felt like and maybe he felt like it was negatively affecting his stock. Th
Today. Heres a live you for the Golden Gate Bridge we can make the lights out there is some odd peaking its way into the voting day that is pretty much it is pretty isolated amid the forecast for today senators and four is again to adjust our woman of submit to the 60s at that point. Was the low seventies by the bay. No bottled up and down to 37 degrees reporter it is as low ride this morning because of a couple of accidents this is a long 83 accidents in that area we deceive the back of a team in this normally takes seven minutes knew this morning fire crews from the scene for Housing Construction site at the valley avenue in brno near the alameda their rounds reporter is right off the freeway in fact a freeway on the freeway you a bill to make out some of the headlights theyre the ones who called the Fire Department four hours later the Fire Department still had their hands full with hot spots them chase and videos to start around 2 00 in the morning a couple of buildings are like co