The final president ial debate before those key elections on sunday is starting about now, and we will tell you whats at stake for the euro and your Global Investments coming up. Meanwhile, forget sign also of economic weakness. Federal reserve looks like it is on track for another rate hike in june. Naels according to the statement they put out just an hour ago. We will have more on how the market is reacting coming up. Plus this afternoon it is all about Mark Zuckerberg and elon musk. Their two companies will be reporting earnings after the bell tonight. We will get you ready for those reports and bring you the numbers as soon as they are released. Be interesting to see how that turns out. Meantime, shares of apple still trading lower. Coming off the lows of the day, but they were down sharply on the open this morning. Ian weidner from bush securities and were going to start with ian. You were our bear yesterday during our apple bullbear debate. I mean what did you learn in that repo
Europe relatively soft. Those uk and eu talks continuing. And watch the shortterm move in bonds. Oil, as joe just said, back below 30. Our road map is like this. Apples deadline extended. They have until the 26th of this month to respond to the court. Twitter and facebook both chiming in siding with tim cook as the security debate marches on. Yahoo forms an independent committee of its board as it formalized a process to review the sale of its core business. What is the next move for Marissa Mayers . Deere and nordstrom poised to open lower. First, stocks poised to open lower. S p up more than 2. 8 this week. Consumer prices flat for january, strip out food and energy, theyre up 0. 3. Separately, data shows that 70 of the nearly 175 companies that went public last year are now trading below their ipo prices. Guys, thats thats a rogues gallery of names. Yeah. Michael semblis, a fabulous strategist put out a piece talking about the unicorns. No one wants these companies because so many p
Terrorism. John harwood will join us from the white house. Before we do that, lets get up to speed on this mornings other top stories. Michelle . Lets start with oil. Crude prices dropping after fridays opec meeting. As a result theres no agreement on output targets. In fact, the cartel didnt even mention a quota, something we havent seen in decades. Analysts say this is a message that opec or saudi arabia is willing to deal with low prices. You can see wti is back below 40 per barrel. U. S. Gasoline prices dropping again as well. The lundberg survey says the average price is down 4 cents. 2. 10, the lowest level since late january. In global news, big win for venezuelas opposition. The Party Winning control over the National Assembly and changing the balance of power. The victory comes 17 years after hugo chavez started the socialist information. It could mean dramatic changes down there. In corporate news, General Electric is terminating a deal that it had to sell its business, its a
The fed chair will be testifying before the Senate Budget committee this time, starting at 9 30 a. M. Eastern time. She told the join the Economic Committee the economy still needs plenty of support and that the markets are not in bubble territory. Valuations are in house torq historically Interest Rates are historically low. That feeds into the valuation. Theres that linkage. There are pockets where we could see valuations in smaller cap stocks but overall, those broad metrics dont suggest that we are in obviously bubble territory. In reaction to her comments, the dow managed a triple digit gain, closing at 16,518. The s p 500 also picked up ground adding ten points. The nasdaq, though, dropped 13 points. The nasdaq looked worse earlier in the day, though. You did see much steeper declines. It was boosted into the decline of 13 points by the end of the day. The futures right now, youll see at this point dow futures are indicated higher about 13. 5 points, nasdaq up by 2, s p up by 1.
In california this morning. Were thrilled to see them. Theyre going to be talking to a number of people in the world of business and politics. Well talk a little golf, see how joe is doing out there. Joining me in pseudo, our own Steve Liesman and book brusca. Then in the next hour, Jeremy Siegel is going to join us on set to make his bullish case for the numbers and then, nemo, the powerful storm taking aim at the east coast. Forecaster res warning it could be among the worst ever, more than two feet of snow possible in boston. Many cities are telling residents, dont travel if you dont have to. Airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. Were going to check in one on friends at the Weather Channel. Just a couple of minutes for their latest forecast. Also in the news, the Justice Department in multiple states reportedly discussing suing moodys for defrauding investors. Any move likely to make a similar rival against Sta