Has tried and failed to do numerous t if this deal sticks, it would be the first time in eight years that the group of Oil Exporters would lower output. And with that, the price of crude took off rising more than 5 , its best day in five months its not every day you see 4 and 3 moves in dow components exxonmob and chevron. And when energy turned, so it stocks. The Dow Jones Industrial average 18,339, and the s p 500 gained as well. Bob pisani has more on the oildriven rally. Best day since april 8th since an Oil Production cut in november. Not clear how much is being cut but reportedly a cap on total producti on 33 Million Barrels a day currently over 32 Million Barrels a day. Under the unclear who will be cutting and when. Does it sound nebulous enough for you . The cuts will more loon likely come from the saudis, theyre producing at record levels. Do you really think youre going to get a Production Cut out of venezuela . I so. Exxonmobil was up more than 4 , chevron up nearly as much
Talked about a huge hailed for microsoft. It is dismayingly humor us. Lockheed as liftoff. We have the details on the new air shipments. And well show you what they look like. Its very, very cool stuff. After the bell, a rare and exclusive interview s. Erin callan, this is her first time speaking out about lehman since the financial crisis. Shes out with a memoir about what she calling leaning in too far, and shell join us live to discuss the new book and life after lehman. I would be interested to hear her thoughts on wall street today, and the impact that regulations are having on it right now. Maybe the tech world, too, where a lot of this discussion is taking place. Lets start with the markets and spikes in insurance and financial stocks. Bob pisani tracking the action here. Bob . Hello, william. Dont normal get insurance stocks leading the market, but were getting it today, and metlife up nearly 5 . A u. S. District court in washington ruled that metlife was not eligible for a sys
From our studios in new york city, this is charlie rose. Henri matisse is often regarded as the father of modern art. He famously described the process as drawing with scissors. The exhibit at the museum of modern art highlights the final chapter of his career. It features cutouts as well as drawings and textiles. Turning now to talk about the life and work of Henri Matisse is Karl Buchberg and jodi hauptman, the senior curator for drawings and prints. Tell me about matisse. Where does he belong in the pantheon of the 20th century . He is one of the most important artists of the 20th century. Many people place him and also together as the two major people. He is a person with a long and varied career. What is so important with us is in the late work, he was signaling to younger artists a new way of thinking about form. Bringing together color and a drawing. The influence he had on a generation of artists was he had an enormous impact during his life. Artists came to visit him in his st
Four million to five million undocumented immigrants stay in the United States, according to people familiar with the proposal. This would include undocumented parents of u. S. Citizens and permanent legal residents. Parents who brought their children into the country illegally wouldnt be included. How dangerous is the Economic Situation in japan, now that the country has slipped back into a recession for the second time in two years . Heres former pimco c. E. O. I think that number yesterday, the negative 1. 6, was a horrible number. Now, japan is moving quite quickly. Today we got news that not only will they post upon the consumption tax, but we have an election. So there will be an attempt to revamp the economics approach, so thats good news. But the message to the rest of the world is dont get stuck in this general malaise because its very difficult to get out of. The japanese recession may have a big impact on u. S. Companies. Japan is the fourth largest trading partner of the Un
Tenyear yields around 1. 84. The euro on track for its worst month in two years, below 1. 12. More on that in a moment. Road map begins with u. P. S. Shares down sharply in premarket trade, after cutting guidance around the Holiday Season. Fedex down in sympathy. Mcdonalds shares rising in premark on the companys first samestore sales growth in the United States since 2013. And starbucks, record fiscal First Quarter results, in line with estimates. Chairman and Ceo Howard Schultz is going to join us exclusively on cnbc in the next hour. U. P. S. Probably the freshest news, jim, cutting its guidance, citing undere inging underperformance underperformance. Theyre calling volatility on certain days wider than others and expenses caught up with them. Yeah. I found this disturbing. They spent a fortune trying to get the Holiday Season right last year and they failed. And now they spent a fortune trying to get it right this year and they failed. So management is in question here. I just thin