The business about his Campaign Manager and a woman. There was the business about his interview with Chris Matthews. Is this simply taking a toll in terms of trump and his momentum . I think absolutely, charlie. Hes had many other problems, as we know, and managed to survive them or move past them or put them behind him but i think theres something materially different now in this. For one it is increasing the obstacles he has if hes the republican nominee to win a general election. And that could be important if we get to an open convention in cleveland. The delegates there are going to be concerned about who is the best candidate to run in the fall and the more he has caused himself problems, the more his negatives have gone up with key constituencies in the general election, the more thats going to be on the minds of the dell fwats in cleveland. So i think were at a moment in which hes got to find some way to reassure people in his own party that he can be a credible and competitive
Economist john silvia will be joining us to kick things off. First, lets get to the guys in new york. Joe, my heart is breaking. I was traveling yesterday and out last night. I missed all of the masters disaster, been reading about it this morning, checking this stuff out. 11 inches . Missing . Ernie ells. Becky, im telling you yes, not you. Right. I read what he said this morning, and my heart really went out to him. After being so great you know what he said . He said, i got up to that first three footer for bogey. Number one is a really hard hole, and all the greens are really hard. Theyre so fast. The holes are cut so sharp. Theyre very scary. What he said really got to me. He said, i couldnt pull the putter back. I know that feeling so well. Its because hes still got the right hand low. I can tell you that ernie is going to be i dont think hes clawing yet, but i cant say for sure. But hes going to have to do something called the claw. Thats the only way. Also, what i found did you
Ten points. The nasdaq off by 22. Crude oil prices were up sharply overnight, topping 40 a barrel. First time weve seen that in quite a while. That came after the announcement yesterday of a surprise job in u. S. Inventories. However, wti has turned around since then. Looks like we flipped that contract, too. If you were looking at 40 overnight, were now looking at the may contract. Thats a decline of 7 cents to 37. 69. It will be interesting to see how this new contract plays out. We did see a huge gain in crude oil prices yesterday. The other big mover this morning, currency. The dollar hitting a 17 hch month low against the yen. This came after the minutes from the last months fed meeting suggested that the central bank is unlikely to raise Interest Rates before june. There were a lot in these minutes, but most people are looking at the doves comments after what we heard from janet yellen just last week. Brian . Some corporate stories to talk to you about this morning. Just go right
As stronger yen sparks fears over the bank of japan going deeper into negative Interest Rates. Thats something that spooked the market before. Well look whether this last for banks. Our yields have gone lower as well. The white house meantime this may be one of the reasons the selloff, the white house this afternoon saying treasury is working on even more steps to counter tax avoidance after the changes to inversion rules they announced earlier this week and ceos were showing you there are speaking out against antibusiness rhetoric as they see it. Well tell you what they are saying and we have two Business Leaders here to debate the issue of whether the u. S. Is losing its Global Competitive edge. That really is one of the reasons were down 222 points. Searching for the next great business leader, under armour ceo will join us, his stock price is coming up as well. Lets get to the closing bell. With us, ann meletti, brought the rain with her and rick san telli and keith brliss. When yo
Good morning and welcome to Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost. Great to be with you this morning. Lets get right to the Market Action. Were looking at gains for u. S. Equity futures following the lead weve seen in markets elsewhere around the world today. Almost triple dimgits on this friday for the dow. The s p up 12 points. The nasdaq up 31. This follows a day where markets traded in the red for most of the session yesterday. The dow seeing its worst daily performance since the 23rd of february. It was a disappointing day for markets yesterday. We are bouncing back, however, today. Lets look at the yield on the u. S. Ten year. Amazingly enough, it fell below 1. 7 briefly yesterday. Were back above that but only fractionally. For whatever you see of gains in equity markets today and in general over the last month, theres no doubt that is a relatively bearish signal, what were seeing in that yield compression. But the story of the week, of the morning, of