Good morning. Welcome to Worldwide Exchange on cnbc. Im kara eisen. Im wilfred frost. Security is tight today after multiple explosions in the new york area and a stabbing over minnesota this weekend. Well have the latest on those developments in a molt. But first a quick check on markets this morning. It does look like we are pointed higher after a volatile last week ended in the green. An outperformance by the Technology Group and apple, in particular, helped put the stock market over the edge despite a friday selloff. Dow futures are up 93 points in the early session here. S p futures are up almost 10. And nasdaq futures are up about 22 points. As for the tenyear treasury yield, a big week of not just the fed, but the bank of japan meetings as well, the tenyear yield ticked a bit higher on friday after the u. S. Price index inflation data came out a little higher. 0. 2 , moving in the right direction. Still that only put the odds of a rate hike this week back to 20 . 55 , though, fo
Korea. In early trading in europe at this hour, youll see green arrows as well with the biggest gainer among the major markets. The cac in france is up by a third of a percent. And wti crude is up by 1. 5 to 43. 68. Back to the top story, another explosion near a transit station in elizabeth, new jersey, after a backpack that appeared to contain pipe bombs detonated. The fbi is questioning how five people that were apprehended on the verazano bridge last night. Morgan brennan is joining us from chelsea with more. Good morning. Reporter good morning. A terrorfilled weekend here in manhattan as well as across the river in new jersey. Now all the details still very much unfolding. But heres what we know so far. Just hours ago a backpack containing as many as five pipe bombs detonated after Police Responded to a call about a suspicious package in a garbage can near the elizabeth, new jersey, train station. One of the bombs exploded while a robot was cutting a wire on that device. You know,
Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have got going here in this market and recognize that occasionally well get selloffs in the stocks of companies that deliver fantastic quarters but have the misfortune of reporting on a day when oil goes down. That could be where the opportunity comes in. What do i mean . Lets take salesforce. Com which reported the best quarter of any Technology Company in 2016. You know i dont likikto chase. The stock missed almost 10 after the quarter. I said you have to be careful because there could be some turbulence that could bring it down. Salesforce itself which obviously did a great job. Chance. I suspect if oil opens l
You can bet that even a mediocre quarter will be rewarded with applause and a rally. Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to hedge and bring in cash. Its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have got going here in this market and recognize that occasionally well get selloffs in the stocks of companies that deliver fantastic quarters but have the misfortune of reporting on a day when oil goes down. That could be where the opportunity comes in. What do i mean . Lets take salesforce. Com which reported the best quarter of any Technology Company in 2016. You know i dont like to chase. The stock missed almost 10 after the quarter. I said you have to be careful because there could be some turbulence
To it. Thats why this market started so strong today and then petered out when oil reversed. Closing down 57 points. S p backsliding. 19 . Nasdaq. 18 . Oil was strong. This oil makes everything very difficult to figure out. Because if a Company Reports an amazing quarter on a day when oil goes down, the stock will get hit regardless. But if oil is flying buy, buy, buy you can bet that even a mediocre quarter will be rewarded with applause and a rally. Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to hedge and bring in cash. Its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have and recognize that occasionally well get selloffs in the stocks of companies that deliver fantastic quarters but have the misfortune of