Class nosel noCC 01602 q craig fergusonCraig Ferguson 9, Mary Lynn 6, Schick 4, Savin 3, Kurt Braunohler 3, Geico 3, Taylor 2, Bush 2, Ikea 2, Sweden 2, Paidinfull 1, Trump 1, Apple 1, Old Spice 1, Limberg Up 1, Ing Hood 1, Jacksonville 1, Iraq 1, Grandpa 1, Paperless 1 Network Comedy Central Duration 00 32 00 Scanned in San Francisco, CA, USA Language English Source Comcast Cable Tuner Channel v745 Video Codec mpeg2video Audio Cocec ac3 Pixel width 1920 Pixel height 1080 Audio Visual sound, color
A lot of Corporate News this morning. First, lets get a check of the bigger market picture. U. S. Equities closed out of correction territory yesterday. A good rally weve seen over the last ten days or two weeks. Sparked, perhaps, some say, when jamie dimon stepped in and bought some shares. The dow called to open down by about 110 points. The nasdaq by 34. Lets have a look at european trade, where we are seeing some red there as well across the board. The ftse 100 is in the red today. Its down 0. 7 , led lower by Standard Chartered, which reported a fullyear loss for the First Time Since 1989. Asia also showing some red today. Nothing too pronounced. 0. 8 declined for shanghai. There are still concerns lingering about china, about the state of global growth, about the state of earnings, which hasnt been all too bright. Well see what the guidance looks like on the consumer names. In other words, the fundamental problems that have been with us since the beginning of year are not complet
Oil minister made strong comments about Production Cuts. Were going to look at the ripple effects across the energy market. Honeywell singing a different tune. The United Technology is about the prospects for the merger of the two. Target and lowes. Both retailers are in the red before the bell. Stocks falling all around the globe. The saudis ruling out this Production Cut and then data from the api showing a bigger than expected build in u. S. Crude. Of course, well get eia cue out with its own inventories in about 90 minutes. Its been a rough couple of days. Both the chatter and that, jim. Its a hoax, the deal. What they basically said is were going to produce a lot more if iran and iraq produce a lot more. Theyre good for about 3. 25, 3. 5 a day. Not only was there never any deal but they went up to 11. Theyre doing 10. 5. All these people who came on and said they dont care, are they out of their minds . Whats it been . A year and a half . Lets go over the numbers. U. S. Crude slip