Oil, new highs for the year on brent as that doha meeting approaches this weekend. We begin with the markets and energy. Oil with a year to date high. Stock futures barely in the green. Alcoa out with results. Top line and outlook are dragging down the stock. And two big calls on starbucks and apple. One up. One down. More on those in a moment. Some breaking news from the imf. Downwardly revising its 2016 Global Growth forecast to 3. 2 citing uncertainty and a recovery hampered by weaker demand. The imf sees Global Demand picking up to 3. 5 for next year and forecasting the growth for the u. S. Down 2. 4. It believes longterm Growth Prospects are weaker, estimated to be only 2 . Theyve been a serial cutter in terms of Global Growth outlook. The imf has been saying no one should raise rates. They play a big role in yellens concern. More yellen than the rest of the people on the fed. The imf has been pretty right. When i saw this, we just saw this come over, i said i was hoping they woul
A new potential revenue stream for twitter. The Company Announcing a new video ard strategy, looks very similar to you tubes. We will discuss whether this could help turn the struggling social network around coming up. Elon musk has harsh words for apple, calling it the tesla graveyard. Yes, his words. Fourown grades for his company this week, is musz k getting scared of increasing competition . We will discuss. Tough week for tesla and elon musk. Lets start with the big moves. Weve been seeing in oil Jackie Deangelis monitoring the activity at the nymex. Good afternoon. A choppy session for oil by all skts, moving back and forth between positive and negative territory. We did close a little higher on the day, 49. 63 our intraday high 50. 92. So several days now making an assault on that 50 range. When will we close over it . Your guess is as good as mine. Having said that is correct the experts are still pointing to the fundamental story. We did see a decline in rig counts but when wi
Than the ipad. And about 48 hours to go until cnbc hosts the next republican president ial debate live in colorado. Where do the candidates stand on the legalization of marijuana . And what does the booming industry want to hear from them . Well speak with the ceo of one of the biggest pot dispensaries in the nation. We do begin though with the crisis engulfing one of the Biggest Pharmaceutical Companies around. Yes, were talking about valeant and top brass is meteding with analysts today to discuss its about practices after questions were raised by a short selling Research Firm. The stock recovering from big losses earlier. Its only down by half a percent. Lets get more with meg terrell with the latest. It was really valeants moment of truth this morning. Feedback from analysts at least initially has been cautiously positive. The stock recovering from being down 14 premarket to actually briefly turning green today after the Conference Call, now just down a little less than 1 . The mai
We will hear from one asset manage who are says now is the time to buy into this beaten down industry. Where is the Broader Market heading as we wind down here. Were winding down the year . Its only october. Christmas is around the corner. Morgan stanleys adam parker and David Rosenberg will weigh in with their view of what happens as we make our way through the Fourth Quarter. Uber seek to go raise another billion dollars and you wont believe how much that could put the company in terms of valuation. Details coming up. Lets get to our Closing Bell Exchange with the dow down 30 points and we have had some Economic Data out this morning, a lot of cross winds in the earnings arena as well. Anthony chan from chase is with us here at post 9, so is Kenny Polcari and our own Rick Santelli joins us. Here we are again not a lot going on for the major averages. There are certain individual stock stories certainly but overall the market just me and rings here. Its meandering today but it wasnt l
Investors are enjoying the ride. With just four trading days left in october, the s p 500 is on track to close out its best month in four years. But there are a number of challenges the market has to overcome during the next few weeks and months, from the fed to profits to data. And as dominick chu reports from the new york stock exchange, many of those challenges will unfold in the coming week. This is a week thats going to be chock full of possible catalysts, possible things that could either drive the market up or down. Lets talk about whats going to happen on the big picture Macro Economic front. Youve got a lot of data coming out. Youve got durable goods coming up later on this week. Thats a sign perhaps of what people are buying in terms of things that are built to last more than just a few years. Cars, airplanes, washing machines. Youve also got of course the second day of a big Federal Reserve Central Bank Interest rate meeting. Will they or wont they raise Interest Rates . All