Fbi your james comey will testify before the Senate Intelligence committee this morning. Comey will tell lawmakers about the complicated relationship with President Trump, prepared remarks claiming he told comey loyalty, expect loyalty. He wrote the president is not under investigation. Ive been a prosecutor, defense attorney military judge. That means in the minds of special counsel mueller there is no obstruction of justice case to be made because if he felt like he had a case he wouldnt make comey is cheap and only witness going public and cant be bad. Maria fox business bringing you live coverage of the comey testimony. The drama unfolding. The president pushing forward with his agenda. President trump will be with governors and mayors as part of his plans to revamp our countrys infrastructure. More on the agenda coming out. Yesterday we did see the beginnings of the markets impacted by all the noise in d. C. Looking at a rally. Dow industrials up 30 points. Nasdaq s p 500 in the g
S p. Nine. Nicole japanese stocks fell. The nikkei down half of 1 after north korea launched for missiles into the sea. South korea stocks rose slightly. Lauren General Motors selling to the Parent Company for 2. 3 billion. Nicole in sports can affect current Golden State Warriors on the winning track as they beat the New York Knicks. In golf, the number one player in the world Dustin Johnson went to mexico. Lauren good morning. Five good morning. Five of 1 00 a. M. In new york. Welcome to fbn am. We hope you had a good weekend. Your first look at morning markets and breaking news. Nicole Intelligence Committees to launch investigations into President Trumps claim that the Obama Administration wiretap trump tower prior to the 26th election. Republican senator tom cotten, member of the Senate Committee on Fox News Sunday. I see no evidence that the allegations be seen in the media, chris. Whether thats a potential fisa Court Application or denial resubmission of an application or survei
Nicole lets check out oil prices. West texas 49. 17 at 16 cents. Lauren u. S. Stock market futures ahead of the opening bell. A muted session in the end, but today dow futures done 20 points and s p futures down three. Nicole the yen continues for the third day, moving higher on the delay of the sales tax increase 29 teen and stock mix right now. Shanghai composite index up half a percent. The nikkei down 2. 3 . Lauren in sports, the penguin beat the sharks taken a two games to none lead and thats the french open. Both williams sisters played yesterday. One of them won, one of them lost. All of that coming up in sports. Nicole is 5 01 a. M. Welcome to fbn am, your first look at todays markets, the latest breaking news and what to expect that they had. Lauren a stunning turn of events picked the state department admitted unintentionally deleted several minutes of video footage from a 2013 press briefing very top spokeswoman need to embellish misleading the press over the iran nuclear de
Precisely two years ago today, february the 13th of 2014. Well let them play it out there at the end of the overture. The 10year hit 1. 53, up 11 basis points since that low and oil is coming back after these opec headlines that well talk about in just a moment. A wild last 30 minutes and weve had disappointing numbers out of europe. The banks over there are suffering. Well talk about that with some of our guests coming up here and the impact thats having on our markets as well. It started in the overnight session today and it looks like the worst of it happened just as markets were testing that 1812 level and falling through it and this news out of opec, the u. S. Benchmark has moved up more than 3 off the lows of 30 minutes ago. Well get more insight from former leaders in the financial space over the next two hours about whats happening across the Financial Complex here. Peter sands is joining us and citigroup vice chair bruce rhodes and former wells fargo ceo. Not just the banks. L
We are here in london. Im guy johnson. Lets turn to russia. In her first interview with an international broadcaster, the head of the central bank has told bloomberg that bank of russia is not an arm of the kremlin. Elvira nabiullina has been criticized for the rubles collapse. Ryan chilcote began by asking her whether the ruble will tumble again. We are of course not expecting any massive decrease in the rubles exchange rate, because the decline in the oil price was the third biggest in the last four years and the amount of external debt that has to be paid this year is about one third less than last year. Year on year inflation, could it go beyond 20 . Inflation may be higher than the current 15 , but this higher level is driven by past taxes. Moreover, id like to point out that other inflationary factors [indiscernible] we expect a contraction in Economic Activity and demand. On top of that, we have money supply data. Thats why we expect inflation to slow down in the Second Quarter,