Lutnick and doug cifu to tell us how the increase in passive investing is impacting their businesses. And macys is reportedly considering putting a part on the Flagship Store in new york city. Were so desperate for grass, i think people will go anywhere in this city, central park gets a little crowded and 34th, they could use some grass in that area. Go up to macys now, you can find it. But is that the thing thats going to get people into the store if theyre going up there . Anyway, the reason we showed you a picture of daymond john, hes with us today, of course, from shark tank and a very, very successful entrepreneur on his own, especially when it comes to branding. And were going to talk about branding in retail among other areas, coming up with daymond in a little bit. But first, we begin with this decline in oil today. Here go the inventory numbers, wreak havoc in the oil markets again. Jackie deangelis is at cnbcs commodities desk with that. Jackie d. . Hey, bill. Crude oil break
Her majority in parliament. The pound is on the move. What is interesting is that it is not infecting other markets, relatively calm around the world. This is not brexit. But it is a big surprise. Tell us what happened. Big surprise indeed as you can see from that twoday chart of the pound. It fell dramatically as exit polls revealed last night that we are headed for a Hung Parliament and eventuality that has been confirmed this morning. Nobody will get an outright majority. Why is the pound fall . Because it means were headed for a weak government, whatever color it ends up being. We have a clue a confirmation what color that will be when we hear theresa may speak shortly. Shes expected to confirm she will form another government. What happens next . Well, theresa may did not quite get a majority as we said. She got around expected to get around 318 seats, 326 is needed for majority. Crucially with the dup, thats the democratic and Unionist Party of Northern Ireland to hold fairly sim
Thank you very much for the invitation to be here today with you, and thank you so much for arranging this nice weather in this place. Mr. President , im very glad that we had such a good meeting, and this is due to your strong leadership. And this is also due to our strong partnership. Obviously the fact that we celebrate 20 years of Strategic Partnership this year is important for both our nations, and it is important to know, and this is what i want to underline. That this partnership with the United States of america shaped romania as it is today. Romania, a solid democracy with the a solid, sustainable economic growth. Romania, which stands together with the u. S. Troops in afghanistan. We stand together in iraq. Mr. President , this partnership contributed greatly to what romania is today, and this partnership was and is very important. And i think this partnership not only has to continue, this partnership has to become stronger. This partnership has to define our bilateral rela
Answer to the question how long is this unravel going to last . First of all, these are intriguing levels. The problem is as we were talking about during the break before we came over is that we had some fabulous bounce offs in the morning, but anybody who bought those in the morning who was brave enough, it was scalped now and take period of time, i care more about what happens between 245 and 3. Its too early really got to be in there just wait a little this was a huge bounce if it gets ugly for these names they have the auto desk just gets such a great quarter. Theyve withbeen waiting and wag for people to fwif up. Amazon, 945, that was their wake up call. Went down to 100 that was a fanstic, fantastic call, sarge go forth waugt bought it at 945, but k i look at these, coming in at 699, we dont need another hero. You dont think theres a bigger thing happen ng the market that has come so many legs when you look at whats going on in the marketplace, you look at the dow, its trading up
Dow is down 28 points. S p 500 down 11. That is nearly. 5 doc, theyre selling the teches again. Banks are trying to get a bid post fed they look like they dont know which way they want to go. A lot of the teches got bids, too. Youre right they were under pressure hard today. And that selling pressure, i expected it to continue for longer than maybe 15 minutes but it didnt. I mean when you look and we didnt get we couldnt break the 50 day in, for instance, amazon and you look at the other support levels for alphabet, even on the downgrade today or facebook these broke but then they held basically right there at some key Technical Levels and we saw v shape bottom on that nerld in other words, the money did come pouring into the names. The one that caught my eye is netflix for other reasons because filling a gap, i believe. Ill talk to josh about that boy, i was impressed about this i expected, judge, there to be more of a bloodbath based on what we saw in the premarket and the early sell