Government will intervene. As far as ryan goes, i dont european equities all in the know, do you really want to be green as well. Take a look at oil prices this morning. Traders say crude stockpiles likely rose last week for the bill kristol. Just endorse hillary, its okay. Fifth straight week offsetting supply disruptions related to just endorse her. That wildfire in canada. Call it what it is. Stop dancing around. And some situations where else. Well, it is primary day, theres w tchlwti high are. Voters in nebraska and West Virginia heading to the polls. On more on what to expect, lets canadian oil may be back online later this week. Here are other big stories get to john harwood. Were watching. Facebook is in hot water over donald trump is the bias allegations. Presumptive republican nominee, nobody cares that he was going on the record saying the vulnerable in nebraska that that republican race. Social network deliberately most of the attention is focused on West Virginia. Censors
Increase production to meet demand. Roadmap begins with shares of gap falling hard after the retailer reported slumping sales, stocks down more than 40 over the past year. Could it be time to buy . Allergan is on the move this after the companys Earnings Report and announcement of a 10 billion Share Buyback program. What is behind this big move . Well discuss. And valeants new ceo joe papa joined jim on mad money last night. Well see what he had to say about generating cash and buffetts right hand man charlie munger. Gap poised to open at fouryear lows on the companys fifth Quarterly Sales decline. Comps down 5 . The retailer also issuing some disappointing Profit Guidance for q1 saying its looking to streamline some operations and evaluate banana and old navy primarily outside of north america. Old navy down 10, gap down 4, banana down 7. We were looking for increases in some of these comps. Yeah, this is just one of those cases where this is part of this overall we have way too many
Levels expected to prevail in the longer run. Fed ex beats the street in the Second Quarter with profits rising 4 . Profits falling some 12 in the Second Quarter but its Cloud Business continues to show growth. Meantime russian president Vladimir Putin says a 50 oil price is too optimistic. But that is over for the countrys economy. So we had a 1 gain across the board yesterday. I guess after finally the first rate hike in close to 20 years. This is the day after Dow Jones Industrial up by higher than 2 points. The nasdaq gaining some 18. 5 points. We final have to lift off. The Federal Reserve raised rates. Unanimous decision. The quarter point marks. And the most accommodative policy. The fomc still sees four hikes next year. However the market is only predicting two or three for 2016. Were seeing the median forecast of 1. 375 . They have taken one hike off the table. Lets show you how a different Asset Classes have reacted. Were seeing a broad based rally and thats gaining more stre
Slamming them. Boeing solid cash flow. They boost the Quarterly Dividend by 20 and approves a 14 billion stock buy back. Lets get you breaking news on Economic Sentiment there. Were getting an economic expectation at 16. 1 for december. Thats compared to 10. 4 in november and higher than expectatio expectations. 55 on the month and also above expectations for a 54 reading. Confidence is growing that the German Economy will prove itself robust as well. Were seeing a strong rally across the european markets bouncing back after yesterdays weak day. The ftse 100 up by 1. 64 . Up by more than 3. 32 . We saw the sharp falls falling to 2. 5 month lows in part because the volatility in the oil space also up. Company specific news is driving us higher today. Also whats happening on the currency front, euro dollar is at a seven week high. 11028 up by a third of 1 this morning. It really has to do with the dollar side of the equation because obviously were expecting the first rate hike by the fed
Jobs last month. The unemployment report seen Holding Steady at 5 t. Futures right now are up and up in a big way. The expectation of course that janet yellen will raise the Interest Rates by the way unless the jobs number is somehow massively negative. Right now dow would open up by 92 points higher and the nasdaq up 20 points higher. All of that could change at 8 30 but well see the other big story of the morning. Members of the cartel not in agreement over whether production cuts are needed. Oil prices at this point, wti crude at 41. 65. Were going to head there for a live report in a minute or two but first michelle has the mornings other big stories. Let me ask you this, were all focused on the jobs report and janet yellen, we get a few more days like yesterday, does that hold off the fed . Theyre deeply effected by the markets. Its not just yesterday. Its possible. Its not just yesterday. If you think about it, its been a year. We have been dealing with we have gotten nowhere in