The market did give back gains we had seen earlier in the session. Part of what we had been seeing with wti prices. Oil prices up. Wti potentially having seen the worst. Talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3. 5 . 23. 40 it has been a long time since weve seen these levels, andrew. It is joe, or becky. We may have to get tacos for joe at the end of the month. Dont worry about me, andrew. Thats like 6 for 12 tacos. What we have to worry about is the hypo allergenic malte opinion poo or whatever. I told you id be happier to see stocks higher so i could buy my own dog i thought, wait a second. Doughnuts for andrew taco bell. Then she slips in the hypo aller againic labradoodle. Shes smart. Andrew, where are we at we could be at 3,600 or 1,100 by the end of may who knows the reason i said that. Over time, i would have never bought stocks on may 1, which makes me think i should have well see. By the end of may, well it may be obvious to buy on
Finance minister. President trump says Jerome Powell and his team dont have a clue. Haidi we saw shery we saw a downfall while the s p 500 was down. 2 of your declines on the s p 500. We have a very strong u. S. Jobs two hundred 24,000, beating expectations. That leading to traders curving back the fed rate cut expectations to the treasury yield, the 10year yield come at least 2 , and equity markets fall from highs. We see futures unchanged at the moment. Shaping upow we are for the asian markets. Could be looking at a riskoff session today with stocks already under pressure in wellington. Some we could see in tokyo. Futures are pointed higher. The Tech Industry navigating japan. The south korean president yesterday moved. 200 is set to lose points, but it is not too far off from the alltime high off of that mark. Checking in on the turkish lira, after falling as much as 3. 5 early in the asian session, we are going to see more action when money comes on long, facing backlash from pres
Cspan is your unfiltered view of government. We are funded by these Elevation Companies and more including charter communications. Charter is proud to be recognized as one of the best internet providers and we are just getting started, building 100,0 miles of new infrastructure to reach those who need it most. Charter communications supports cspan as a Public Service along with these other television providers, giving you a front row seat to democracy. Up next, the commanders of u. S. Northern command and u. S. Southern command testify on security challenges affecting the western hemisphere. From the Senate Armed Services committee, this is just under two hours. [inaudible] good morning. Testimony from gregory and good morning. The Committee Meets today to receive testimony from general gregory geo, commander of u. S. Northern command and north American Aerospace Defense Command, and general laura richardson, commander of u. S. Southern command. This is general geos first Posture Heari
Good morning. Welcome to squawk alley. With me at post 9, sarah eisen, mike santoli north korea firing an unidentified Ballistic Missile over japan last night. The first such projectile to bypass the island nation since back in 2009 our very own reporter is in japan now with the latest response well, like so many japanese here, we were woken up around 6 00 a. M. Local time with that latest launch coming from north korea triggering a nationwide alert. Broadcasters breaking into programming, warning of a missile passing through. Some residents in the areas in northern japan reported getting Text Messages on their phone urging them to take cover and others said sirens went off in the Community Calling on residents to look for a safe place. This is a missile that traveled well over 1600 miles passed over the Northern Island of hoe kkkao before landing in the Pacific Ocean. The Prime Minister abe con deping this saying he would make every possible effort to protect the lives of the japanese
Dow gaining 89 poingtds. S p gaining 0. 75. Nasdaq up 0. 89 . With the rally being led by tech and oil, i would say the answer is a resounding yes what do i mean by both fang and fang . Suddenly there are two of them . Where did that come from . Okay. You know my original acronym for facebook, amazon, netflix and google, which is now alphabet. But whats the other fang . Thats the growth oiling, diamond energy, which trades on the symbol fang. The company is growing its production with a 30 clip. With the price of oil charging back up to 48 bucks on word that russia is willing to freeze production, this growth oil stock is about as exciting relative to the other Natural Resource plays as fang is to the rest of tech. The story of two fangs. Lets back up a little. Whats really driving this phase of the trump rally . In the first phase, we had a visceral rebound in the banks because whatever your political leanings, theres no deny the Hillary Clinton win, which nearly everyone expected, wo