1. 75 . And in europe in the early trading there, very similar trends. Dax down by 1. 5 . The cac off by 1. 75 . And the ftse 100 down by 1. 25 . Wti is up by 30 cents. Of course, we did see give back at the end of last week with wti pushing back near 44. 78. A couple big stories we are watching today on the economic calendar, we are looking for august new home sales out at 10 00 a. M. Eastern time. The fed officials are speaking today. The minneapolis fed press Neel Kashkari and dallas fed press rob kaplan. And well hear from Carnival Cruise lines and vail resorts. And then the big geopolitical plan from the boj. They are ready to use every tool to hit the inflation target. Theres no limit to Monetary Policy and that in designing policy the boj will relentlessly pursue innovation. Im not sure what all that means, but nevertheless, well talk about Deutsche Bank today. The shares of Deutsche Bank tumble to a record low according to a report in the german magazine focusing that Angela Me
Two weeks. Energy stocks are popping. As a result today, theyre not taking the stock market with it. Well tell you whats behind the move coming up momentarily. And bank of america ceo telling cnbc this morning, the customer looks strong in august. Tell that to some of the Grocery Stores and food distributors like supervalu, which is getting smacked today. After the bell, the ceo of allergan will explain why hes coming out with a major stand against drug price increases. Thats a cnbc exclusive with Brent Saunders coming up a little bit from now. And weve got the Company Behind the dna test that completely changed mr. Griffiths life and inspired the look the stranger in my genes. Weve been talking about the book, which came out on tuesday, and well have more about the tests themselves in jus a moment. And hes going to demonstrate how you take a test. Youre very anxious to take a dna test. Uhhuh. I think its a great idea. The whole evans family needs to take a dna test. That might be true
Oil falling back after yesterdays rally and the biggest inventory draw in 17 years. Our road map begins with outrage over wells fargo. The bank settling a fraud case that said employees issued debit cards and transferred funds. Twitter shares down after a 6 drop yesterday. The Board Meeting. We will give you the details. And more fed speak sending futures lower. Shaking things up. Speaking of which, stock futures are lower. The boston fed chief saying a reasonable case can be made for hiking rates. He says low rates increase the chance of overheating the economy and that not tightening could shorten the recovery. He is a voting member, jim, and historically relatively dovish. Right. I think this is again trying to prep everybody theres a rate increase coming. Ive been saying that. Thats why the bank stocks have been acting well. We will have to talk about wells. That is the biggest. This is par for what theyre thinking about, not looking at the employment number or retail sales. No exo
In the might be team take a look at what happened overnight in asia. Right now, asia closed up just slightly. The shanghai comp was down slightly. The hang sang up. 30 . Europe in the the early trading right now. See red arrows across the board. These are declines. Pretty mad rat. Basically a quarter percentage point decline across the board. If you check out crude oil prices big thing to watch yesterday. Crude oil up jed yesterday. Biggest jump in five months. After we saw that confirmation of the drawdown that had been suggested the night before, you see right now wti giving back a little gain. Decline of. 51. Breaking news out of north korea overnight that could be ralting markets this morning. The country claiming to have successfully tested a Nuclear War Head in what may have been most powerful detonation ever. South korean said it was the fifth test and had the impact of a ten killton explosion. President obama was briefed on that test aboard air force one. He said any provocativ
Im tyler mathisen. Three hours left in the trading session. Stocks are really holding in the red, but really not by much. Look at the numbers. Very minor moves. Checking the names you might own, apple the only one on this list here in the green. And it by half a percent. Alphabet or google, microsoft and jpmorgan off fractionally. Im michelle carusocabrera. The imf says it is lowering the 2016 u. S. Growth forecast again, blaming economic setbacks in the first half of the year. Twitter shares under pressure following a downgrade at loop capital. More on that call ahead. Durable goods orders Holding Steady in august. Economists were expecting a drop. Brian . We have a big two hours ahead. Hi, everybody. Im brian sullivan. Lets start with the banks. Steve liesman and woolford frost are here. Lets listen to what fed chair janet yellen just said about u. S. Banks. We are undertaking a look, comprehensively, not only in the consumer area, but compliance generally because there have been a v