Companies bring the upside surprise but not this time. We heard from chevron and exxonmobil. We saw the profit declined 52 from one year ago it fell 4. 5 with the new lowrent a 4. 8 to the new low as well. But the S P Energy Sector fell to present as well whole from a type of significant gains. Theyre all down almost 5 so energy was the story of the daytoday. Here as we a wrap up the month. So seeing the Falling Energy prices. Indeed. As far as the Bigger Picture what else contributed to sentiment . All of the volatility stemming from the rest credito crisis, and the Chinese Market crashing a couple of weeks ago. The growth patterns and the ripple effect. With a very mixed bed of reports but we did close out with gains with the dow is up and the nasdaq will be the top performer of the gain of 2. 8 for the month. The jobs report as of friday with more earnings and we do have a couple of Dozen Companies reporting as well. Joining me from the floor of the new york stock exchange. Weinstoc
Seat back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully . With the dow climbing 369 points, the biggest twoday gain since december, 2008. S p pole vaulting. Nasdaq rocketing 2. 5 . Arent we supposed to want to roll costs down and down and down some more . Not up huge as they were today . I know its tough to explain how oil is spiking, almost 10 the biggest oneday move in six years. It will be a positive. Today it was certainly hailed by investors as a big one. Lets go there, though. Because its what happened today and it was a very important day because it was a stress reliever. A stress reliever, for many of the biggest investors of capital all around the globe. Let me set the scene up for you. The proximate cause of the nasty selloff we traveled through the weakness in chosen, it was exacerbated into belief until yesterday that the fed seemed unaware and how frail the worlds economy had come. But yesterdays comments from new york fed pr
Few minutes ago. Lets get to Jackie Deangelis kat the commodities desk. The drawdown crude inventory was 6. 4 million barrels. Both numbers were steeper than expectations. The gasoline drawdown almost 3 million barrels. Thats adding to the boost youre seeing as well. Crew traders are watching for trumps announcement on climate change. Maybe some of the regulations will roll back and it will be good for the drills are in the country. A little bit of mixed circumstances taking us higher today. Big story to watch today. Thank you, jackie. Some of the top names in media taking the stage at code last night including Sheri Redstone and time warners tom bewkes. Take a listen. You have a joining set of b subscribers with different bundles. Thats where we see it. Well have to see how the new parts of the media or the video infrastructure, whether they mitigate the loss from the old infrastructure. And for more we are joined now by founder and chairman of the Case Foundation and krp eo of revolu
I am will fred frost. And i am sara eisen lets get to the Global Market picture on friday, essentially margts were flat end, dow s p as a whole, down around 1 . The dow was up half percent, s p flat as far as sector performance, tech the worst, down a for the week as a whole on friday itself energy was the sector that outperformed up a percent as all prices rebound toward the back end of the week have a look at what futures are doing, higher by 74 points gains in europe and asia at the moment more on those in a moment. British pound for you this morning holding just above the flat line, up about a quarter percent. 128. 04 brexit negotiations begin to take place also because of a developing story out of london. We will come back to markets in a moment a man drove a van into a crowd near a mosque in london. Reporter good morning. Unfortunately this is an all too familiar sight in central london, fourth attack in the uk in less than four months what we know is shortly after midnight, a ma
Good wednesday morning welcome to squawk alley. Im john quicarl quintanilla tensions between north korea and the u. S. Continue to escalate. Kim jongun threatens to release a missile on the u. S. Base guam, but the u. S. Threatens that they will see fury like no one has ever seen. Good morning, good to see you both brian, do you think the change of the market has changed over the medium term here . I think they do a little bit. Especially if you look at the performance of the s p 500 since july 19th. For all intents and purposes, it is august. We have had other potential negative headlines hitting the market in september with respect to the debt ceiling and the fed and a potential taper tantrum, but it doesnt derail the longer term side of things. Were still steadfastly bullish in the 20year call for the bull market to remain in u. S. Stocks, but things have gotten frothy here the way that the market responded, i mean didnt respond to positive earnings and positive macro, kind of tells