We start with the equity markets which is moving higher as the fed meets to decide whether or not to begin raising rates. Lets look at the numbers with the dow, the nasdaq and the s p. The nasdaq and the s p are now tracking for their second consecutive week of gains. Something that neither has done in nearly three months. But, ty, the real action here is in the oil market this hour with oil soaring. Wti crude up by 5. 3 . It could still be the biggest daily gain since august 31st when wti jumped nearly 9 . Brent crude, and weve been talking about the spread there narrowing, havent we, ty . But its up by 4 as well. Jack Jackie Deangelis is joining us from the nymex. Lots of people bringing lots of reasons to the table as to why we took off. You tell us what youre hearing. I have three main reasons that were moving higher, a spike like this today, 5. 5 . The first is that bullish eia report. A drawdown in inventories. Cushing down nearly 2 Million Barrels. Refinery runs are going up, an
Strategists led by ubs and jpmorgan remained bullish and say the european recovery will therethrough. Bear fruit. Of course, the man who made his by 3 , itursday, four rose, and even he is more bullish on the euro,s in it at and 105, 110, three, six, 12 months respectively. He says the systems wholeheartedly he doubts they are wholeheartedly pursuing policies. If mr. Brooks is queuing over, maybe everyone is. Betty talk about queuing over, shares are doing that after ge said they will not sell anymore. Mark they were down by 15 a year earlier and are cooling down 4 . At the altar. Youre not getting a supplies business. 3. 3 billion deal, it aint going to happen. Why . Because we are worried about regulators. What does you lecture locks now need to do to gain scale in the market . Analystbig call and one said today the worst possible outcome became a reality. This is a significant loss for electrolux. Electrolux should now look for joint ventures in china. Down by 13. 4 today, it tells
470 of them front office jobs. Now to carl cant ania and the beginning of squawk alley. Good morning. It is 8 00 a. M. At apple headquarters in cupertino. 11 00 a. M. On wall street, and squawk alley is live. Good tuesday morning. Kayla is off, but with us as always john and myself at post nine. Joining us today jessica lessen, the founder of the information and cnbc contributor. Jessica, great to have you with us as well. On a crazy day, cramer called it an emotional opening, and it was certainly that. Were well off the lows. Oil has gone green after a miserable morning. Lets start with the markets falling, of course, since the open right now. Dow down 86 points. S p is down about seven. We mentioned oil going positive. Our bob pasani on the floor watching everything. Bob. We are in the middle of a modest rally. Remember, we were we got down 20 points in the s p 500 right at the open, and we have more than half that with the s p down only six points. Lets take a look at the market int
Oklahoma. Its still unclear what ingredients are responsible. Airports getting busy, many dont have to worry about Winter Weather. Much of the east coast will see recordwarm temperature this is week like 70degrees on Christmas Eve. Holiday forecast is coming up. Detroit beating new orleans saints, it was the saints quarterback drew brees making headlines this morning becoming fourth quarterback to throw for 60,000 yards in his career. All that coming up. First breaking news. National polls on the 2016 president ial election blake berman in washington right now with all the details. Good morning, blake. Blake donald trump, ted cruz and everyone else. Here are the numbers. Trump is at 28 and cruz hits highest mark yet in any National Poll to date at 24. Marco rubio and dr. Ben carson continue to be the only others in double digits. Now while trump continues to lead the republican pack, listen to this, maria, his appeal nationwide appears to be a different matter, this poll show that is 5
In the same month in recent years. So the Water Resources control board voted unanimously to ban outdoor waterwaysing and to allow fines of 500 a day for those who dont falling the new rules. We found some people in hayward who are saving water by letting their lawns turn brown. Used to be really green. Not anymore. Everybody is trying to do their part. Im just cutting back like i should, and my plants are going to stay alive, but im leaving my lawns go. And its fine with me. The new rules go into effect the first of august. A check of traffic on a dewey damp bay with you all is well, i guess, right . Were doing okay. We are starting to see a few more cars on the road. We are seeing slowdowns. We had an earlier accident one of our only ones we saw this morning and i think it is still off to the righthand shoulder but its southbound 680 approaching highway 84. Even though all lanes are clear, we are still seeing a mile backup right now heading through the sunol grade so just a heads up