Treasury market, youll see the ten year right now is yielding all the way up at 1. 829 30year back at 2. 3 so some much higher levels of yields than weve been used to in recent month. Our top story, a series after attacks that took place over the Weekend Energy prices are soaring. Wti crude at 59. 55 brent at 65. 60 Big Questions for the future of the aramco ipo airline prices, all sorts of things Brian Sullivan is covering the huge moves in the oil prices in houston. But we want to start this morning with hadley gamble in riyadh, saudi arabia good morning, hadley. Good morning, guys. We are now over 48 hours from the largest ever terror attack on saudi arabias Oil Production facilities and still very muted response from not just the government itself but aramco were told in the next few hours we could see more information coming out of the company just about how this happened information about output, at the moments all we really got go on is the reemphasis time and time again on the
Sharply. Have buyers reached their limit on how much theyre willing to pay for a home but we begin with the market john, bottom line, were just off the lows for the day, down about 0. 9 for the s p and Dow Jones Industrial average weve been down 9 out of 11 days on the s p 500 if we close lower today. So that is very noticeable the dow industrials, being held up largely by defensive names. Some of the other sectors like banks and energy are on the weak side the nasdaq down there, 0. 8 . Were down about 5 off of the recent 52week highs of the nasdaq when you get more than 5 , the technicians start noticing tech has been an underperformer. The dow movers here, take a look the good news is Johnson Johnson holding up wells, defensive names merck, proctor and gamble holding up. Caterpillar has been weak, Energy Stocks coming off of their highs after a terrific run. Take a look. I think a key chart is the bank stock. Theyre starting to exhibit negative patterns, what we call head and shoulde
as in we ll go higher unless this or that happens to derail us my problem, even on an encouraging day where we opened down hard an round, i like that the dow only dipping up and inching, nasdaq advancing 2.0%, wow, there are a lot of unlesses out there. it makes me a little more concerned. we ve been experiencing pretty sluggish days lately, and that works off the dreaded overbought condition. so you know what i m going to do tonight i m going to tick down the unlesses that need to be on your radar screen, even if you re a snorting stampeding bull unless you re a norman, the breeding bull we brought in to impregnate our late longhorn ambush he just charged around all over the place instead of doing his darn job that was back when i was trying to be a gentleman farmer that is an earlier version of yes, you guessed it, jimmy chill. for every other bull, though, here s what unlesses you should be thinking about. the first unless boeing. we interviewed gary kelley, the ceo of sou
Continued to percolate higher and higher. Despite everybody being on vacation. Stocks are coming off of a record setting session from yesterday. The dow t s p 500 and the nasdaq all reaching new highs on the same day. Thastz the first time that has happened since december 31 of 1999. Folks this is almost 17 years ago. A little context on that, the top movie at the box office when that happened was football drama, any given sunday starring all pa menechino and maybe this dates me. I remember. I remember watching that movie. Take a look at this, u. S. Equity futures at this hour up 11 points. If youre looking at the dow futures. S p up just over a point and the nasdaq up 2. Overnight in asia, looks likes the shanghai comp was up 1. 6 . The hang sang up us. 8 . The nikkei up 1 . And the early trading in europe right now, see what the markets are mixed, but not Much Movement one direction or the other. The dax is down by about a quarter percent. The cac and the ftse are relatively flat. Ta
Up to this point. After the gains we saw here, gains in oil prices, this morning the dax is up by 0. 8 . The cac and ftse 100 up by better than 1. 1 . Italian market, spain market, gains across the board better than 1 . Lets check out currencies right now. You can see the dollar is up across the board. Euro at 112. 11. Dollar yen at 101. 40. All of this is because of what we saw with oil prices. That is the big story were watching now. Watching it quite closely. Prices spiked yesterday on word that opec agreed to limit production, meaning the cartel would cut for the First Time Since the financial crisis. Today traders are focusing on the lack of detail, thats putting pressure on prices. Goldman sachs saying the opec deal should add 7 to 10 to oil prices the first half of next year but longer term the firm is skeptical. The analyst says if this proposed cut is strictly enforced and supports prices they would expect it to prove selfdefeating medium term with a large drilling response ar