Markets, the commodities index up 1. 1 . Another rocky day. We got off to a remarkable start, momentum on the lead start lead side in the u. K. Reasons to be agitated and then with this rally. Scarlet it was really confusing by the markets were making of Janet Yellens today. It really caps on what we saw, the moment that hearst each was released to the press we saw the dow moves right at 12 30 but then it recovered some of its games and it picked up a little bit of downside into the close. Nonetheless a stark reversal from what we saw from bank stocks on friday when they got totally pummeled. Part of the reason indexes were holding up to do with oil at its highest level since july of 2015 , helping only oil and natural gas guys, especially transocean and halliburton, at its highest level in a year. These oil services got only wrecked. It of course makes sense that they would rally is oil did. Scarlet looking at currencies, investors on friday sent the japanese currency to its biggest r
Down. Goldman says we may be stuck in this range for awhile. Lets start markets and fed today, jim, a lot of discussion about whether it would be a good idea for yellen to say lets have a presser in july on the off chance we move. We might be able to explain it better. I think that would be terrific. I think yellen has been the person who has been the least yelling. She doesnt yell. She is considered. When you have someone considered as she is. She is looking at the data. A lot of people criticize the fed. Im not going to. She is trying to arrive at the right thing. Imagine if you tighten it and they got the 38,000 number. They dont know what theyre doing. The evidence shows they do. The endless criticism of all Federal Reserves and all of Central Banks around the world bothers me. I dont think im a fan because he had to reverse rate hikes. I dont know what japan is doing. They seem erratic but im not a critic of the fed. I think the fed is trying it do it right. I think yellen will do
A get together would create the Worlds Largest agricultural supplier. The greens are, oh, the end of the world. There is not, but austria goes antimuslim riots and the they poke chinas eye in vietnam. Varney company is about to begin. Lets be clear. We like drama, but were not going to see much drama on the markets this monday morning. Stocks are going to open pretty flat. The dow, remember, about 800 points from the record close. Ail, still hanging around, 47 and 48 a barrel, but the bank of america is going to 25 a barrel. It will not happen today, but thats what they expect in the future. I like to see the price of gasoline. I dont like this. It keeps going up. 228 the national average. Its a low of 169 on february the 15th. So were almost 60 cents a gallon above that in a mere three months. More on that. Outrage. Stuart did you say outrage . Its costing me 30 to fill up the van, it was 20. The scooby van, huh . Lets get whats happening this hour. Donald Trump Holding a closed door
Tokyo olympics. Nhk worlds Tomoko Kamata explains. Reporter yuriko koike swept to victory in sundays race for tokyo governor. Her campaign promising a green and clean city seemed to resonate with a variety of voters. Translator i made my case on how i will create a tokyo where everyone can shine. Women, men, children, Senior Citizens and People Living with disabilities. I will work with you all to create a new tokyo government of which we have never seen before. Reporter koike entered politics in 1992 after working as a news anchor. Whwhen she joined the ruling liberal democratic party, she was immediately made environment minister. Koike attracted a lot of attention for a campaign aimed at fighting global warming. She called on offices to use less airconditioning during the hot summer months, and for woworkers finding it too hot, s asked them to take off their neckties. Then, koike was appointed as the countrys first female defense minister. For all of her political success, she ran i
Yields are higher as well today. There you see the twoyear note at its highest level since january 14th. But we begin with a bombshell of a story in the energy world. Former Chesapeake Energy ceo Aubrey Mcclendon charged by the Justice Department with conspireing to rig bids. Chesapeake putting out a statement saying it has been actively cooperating in the investigation, end quote, and does not expect to face criminal prosecution or fines related to the matter. Mcclendon responding on his own behalf saying, quote, the charge that has been filed against me today is wrong and unprecedented. But mcclendon left chesapeake three years ago and is one of the owners of the Oklahoma City thunder basketball team. Joining us, the reuters reporter who is part of a team that first broke the story, hes been working on it for a number of years and joins us now. Josh, thank you very much for joining us. Get to heart of the matter and what i find most interesting peculiar about this, that generally in