Ofodollar getting a bit traction. The dollar is going down. This is part and parcel of the yellen trade, which seems to be getting reaction now. It will be interesting to see how she works handinhand with the fed chair. Minutes,e last few crude went through 45. This is wti. We are backing off the little bit, but that line in the sand is the highest level we have seen since march 6, which gives you an idea of the turnaround we are seeing. The big question, is it running too far, too fast . Alix some analysts starting to scratch their heads a little bit, particularly as they look at the curve. President elect joe biden said to announce his selection of former fed chair janet yellen as secretary of the treasury. Joining us as michael mckee, Bloomberg International policy and economic correspondent. What about this appointment is giving confidence to the markets specifically . Theael janet yellen ticks most important box for investors, she makes them money. Take a look at what happened whe
Im Charles Payne in for stuart varney. Varney company starts right now. While cnbc is on break, we are open for business. Charles hundreds of americans back in the u. S. This morning after being evacuated from the coronavirus affected diamond princess cruise ship. Lauren, we know some have tested positive for the virus right now. Lauren yes. So the u. S. Chartered the two flights that arrived early this morning, one in california and one in texas. As they were going from that cruise ship docked in japan to the charter plane, 14 tested positive for the coronavirus. That essentially doubles the number of infections right here in the u. S. We had 15, now you have 14 coming in. They will be in quarantine. They were already in quarantine for about two weeks but they will be in quarantine at those two air force bases for another 14 days. Charles thank you very much. Mean meanwhile, macao says the casinos can reopen. Susan its a big deal especially for casino shares that trade in the u. S. ,
Imagine that. The president meanwhile will be heading to dallas for another rally this week, doubling down on his pledge to bring jobs back to america, as a new Louis Vuitton factory gets ready to open. Texas is open for business and so are we. We are watching it all. Varney company starts right now. Theres execution work to be done on the document, but this document is substantially done. We made a lot of progress, and our expectation is this will be concluded and signed by chile. Charles that was secretary Steve Mnuchin moments ago talking about phase one trade deal thats getting ready just in time for apec, the meeting that will be held next month in chile. China reportedly wants more talks before the deal is signed. I dont know. I think its normal. People are interpreting that as a red flag. Susan we heard about this on friday, by the way. They said it will take maybe four to five days to get this signed and worked up into ink at this point. Take a look at the rhetoric in the mainl
Thats likely to be down about. 33 . Lets see how they close. Lets get to hong kong because today, we see chinas clout. The general manager for the Houston Rockets, basketball team, tweeted support for hong kong. Beijing immediately objected very strongly. The tweet was immediately withdrawn. Lots of criticism for the nba this morning. They caved to the communists, to preserve basketballs appeal in china. Hong kong itself, im going to say its virtually shut down as violent protests returned over the weekend. Next case, what have we got for you . Joe biden. He says he will beat the president like a drum, end quote. The General Motors strike takes a rather ominous turn. And amid very visible security, joker hits the theaters and wins big. Varney company is about to begin. Stuart you know, this could be the stock of the day, maybe the week, maybe the month. General motors, down 1 . Its back to 34 a share. When the strike started, it was 37. Now, talks with United Auto Workers union broke d
They blame higher costs, they blame amazon for the competition in shipping, and of course, they are blaming china and the tra war, blaming the Global Economy as a whole. We have a huge show for you. Look at this lineup. Senator roger wicker will be grilling social Media Companies on the hill next hour but we have him first. Sarah Huckabee Sanders on that fiery Cory Lewandowski hearing. Martha maccallum on Elizabeth Warren getting grilled by Stephen Colbert. And tom brady and Dennis Rodman are on the show as well. Wow. What a lineup. All the big names are here. Im david asman in for stuart. Varney company starts right now. David we have some breaking news from President Trump. He just tweeted out quote, i have just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. Check oil, it is now trading after hours, remember, it came down tremendously yesterday, its still dropping. Now its under 59. Looks like its headed to 57 a barrel quite a dif