Market is positive by 0. 2 percent on the s p 500. Hours away from chairman powell and the News Conference. Tom it is a different it is changed outlook to the press conference that it was 48 hours boko ago. Jon it is not seven, it is six. It is not seven. The bad news, it is 6 inflation in the u. K. Lisa this is a positive but how much of a positive. The key distinction is the core measure came in much more than expected so stripping out food and energy, how much will we be talking about the difference between core and what you feel when you go to the store . Tom we are there when we are slicing and dicey like David Rosenberg. What you do with inflation and disinflation but the Central Banks torah centralbank story with me jon the highs going into this bad decision, crude we are right their own crude so the headline versus core conversation, how do they navigate that in the News Conference . Lisa at a certain point, oil feeds into that, the question is how much is this driven by demand
S p indicated up fractionally. The nasdaq up fractionally as well overnight in asia, the nikkei ended higher it was up by 11 points thats still a win hang seng was up by a quarter percent. So was the shanghai composite. This morning and in some of the early trading weve seen take place in europe, modest advances actually things are relatively flat the cac is up by 0. 1 . The ftse is flat the dax is flat. Well see how things react as we get deeper into the trading day. Lets look at crude oil prices crude was down yesterday this morning its back above 50. 50. 7 5 50. 70 Hurricane Maria is lashing the islands, and puerto rico is preparing for a strike Steve Mclaughlin joins us now. From 7 00 p. M. To 1 00 a. M. , this storm had winds of 175, were down to 155 this is a strong category 4. The eyewall a bit bigger, now on land, mainland puerto rico we dont get an official landfall until the center of that eye crosses land. Here are the implications. 150mileperhour sustained winds, gusts to 1
Itunes app store has malware affecting apps developed in china, could other parts of the program be at risk . We have a top security expert. What are those of us with ipads and iphones supposed to do with b. It . Plus new data on existing home sales falling more than expected and now Jpmorgan Chase is making a move that could put another damper on home sales. That story is also just ahead here. Lets start with biotechs getting slammed. Those stocks down as you saw there after that New York Times article on Specialty Drug price gouging during pharmaceuticals was pro filed in that piece after it raised the price of one drug from 13. 50 to 750 per dosage. Now, the ceo was on last hour, you told me go terrell that he would not be changing that price tag. We definitely planned on raising the price, thats for sure. We paid a very, very large amount to buy an unprofitable medicine. We cant continue to make to lose money on the drug at that price. So we took it to a price where we can make a c
So the transportation average, dow transports up 60 points and i think thats a record again. We have a very mixed market in todays trade here. Thats for sure. Four days until black friday. We have some special things planned for black friday. Yes, we do. What if we told you its here . At least if you want the best deals, more evidence that the calendar is moving up in a fast way in the Holiday Shopping season. Well get to that coming up here. Also more fallout of the epic storm in northern buffalo. The meltoff complicating and bracing for another possible winter storm an coming on wednesday. Just as millions are hitting the road, the rails and the air for thanksgiving travel. Live reports on both developing situations. Yes. Never easy. Also developing, a shakeup at the pentagon. You probably have heard by now chuck hagel is out as defense secretary. We will go live to washington for the latest on that and get reaction in a first on cnbc interview with dr. Ben carson. Many believe he wi
U. S. Equities and we are at this point at this moment the dows down about 3. 3 from its most recent peak. The nasdaq the russell, the s p all down a like amount right now. Lots of key levels to watch today. The fact below 50 in wti crude, some of whats happening in the rate space and waiting to talk about that but again were starting off the year in a trading session that people love to extrapolate for moves from here on a weak note. It goes without saying this final hour will be very instructive. Do they start to buy on the dips . They havent yet. Or do we get even more selling come into the picture in this final hour . As mentioned, as we get into this final hour underway here the dow off 340. Nasdaq off 1. 7 . The s p off almost 2 and biggest decliners in the dow are energy names and also the financials. Theyre also a Big Industrial name like caterpillar and a lot of other companies with international exposure. Last we checked two components of the dow are positive. Merck and cocac