In a german newspaper interview. Durables just ahead of estimates and still looking for definitive headlines out of opec. Inventories at 10 30. Yellen back on the hill answering lawmakers questions about the banks, what shes expected to say about the troubled sector. And speaking of banks, wells fargo ceo john stumpf is forfeiting 41 million ahead of his next appearance on capitol hill tomorrow. And what should you expect as an investor . Shares of nike falling in the premarket on yesterdays earnings numbers. Whats dragging that dow component down . But first, a lot of news involving the banks today. Wells fargos john stumpf to forfeit 41 million in equity awards while the companys board investigates the banks sales practices. Deutsches john crion saying the bank did not need increase or capital interest. About an hour from now fed chair yellen will testify on Bank Supervision and regulation before a house panel on capitol hill. Of course when she starts making headlines, well try to t
This market can only focus on one bullish idea at a time. And it just feeds Everything Else to the hungry bears. Today the market decided that oil is going to the moon, because it did show a huge draw down. Actually, to be fair to the oil traders, it took crude up nearly 2, a reduction of 4. 5 million barrels. Its the second biggest in hist this reduction is amazing. No one saw it coming. Weve heard over and over and over again that theres way too much oil, so theres a gigantic glut. Every now and then, some combination of countries had decided that oils fallen enough. You hear chatter about an emergency opec meeting or two takes it from the low 40s to the high 40s. Before a new flood of american oil hits the market. Those past rallies were all big con jobs. But Oil Inventories are not a con job. This number tells us that the reports that theres no more room to store oil may be greatly exaggerated. Reports that were overrun with imports may be untrue. What happens . The whole oil compl
This market can only focus on one bullish idea at a time. And it just feeds Everything Else to the hungry bears. Today the market decided that oil is going to the moon, because it did show a huge draw down. Actually, to be fair to the oil traders, it took crude up nearly 2, a reduction of 4. 5 million barrels. Its the second biggest in this reduction is amazing. No one saw it coming. Weve heard over and over and over again that theres way too much oil, so theres a gigantic glut. Every now and then, some combination of countries had decided that oils fallen enough. You hear chatter about an takes it from the low 40s to the high 40s. Before a new flood of american oil hits the market. Those past rallies were all big con jobs. But Oil Inventories are not a con job. This number tells us that the reports that theres no more room to store oil may be greatly exaggerated. Reports that were overrun with imports may nt be possible. What happens . The whole oil complex goes completely nutty as is
Can they sell enough assets and will there be the buyers to make the regulars feel ok . Jonathan some of the regulators have already given that deal the green light. Its a more concentrated industry. Alix we will be discussing this economy as well as the fed and investing strategies for a low rate world. Will be here. We will discuss whether the recent volatility is here to day with Julian Emanuel. Relativesn asia but stability in europe. Jonathan we have a day of gains potentially in europe with the ftse up. 6 . Not much action in the fx market. We are stable at 132. Data come so pretty much unchanged versus the previous month. Helping over in london. Up by 1. 26 . Credit growth in china making a comeback. In a bond market here we are. Coming in by basis point at the front end. We are set up for another big day in the markets. That 30 year treasury auction not going very well here in the u. S. Ares go around the world indepth coverage of all of those top stories. Megan murphy is in ne
Welcome, everyone, to the intelligence report, i am trish regan. In a two toway match against Hillary Clinton, donald trump is now winning according to a new fox news poll. In a fourway match, she wins by just one point, sho hes beating her in a twoway, shes beating him by just one point in a fourway. This is officially what you can call a squeaker. Joining me right i right now, trump supporter harlan hill and neil. Rocha for democracy for america. Both you guys were bernie supporters. Thats right. [laughter] trish its interesting to see to how people my grit once my grate once migrate once bernies no longer in the game whats your thought in terms of Hillary Clinton trying to have this birther thing live on and on . She said what trump did is a disgrace, what trump should do, for once in his life, is own up to his mistakes, apologize to the president and the American People, and she says trumps birtherrism stems from the same innate belief that led to discriminating against black tenan