Thats an appropriate song for friday the 13th. Good morning. Happy friday. Welcome to Worldwide Exchange on cnbc, im sara eisen. Im glad you reacted to that rather than my quip earlier. My name is wilfred frost. That was the earnings. Yes. You didnt pick up on it, or you are just being mean to me like you have been the last half hour . Long week. Its friday. It looks like sara is upbeat in the last 15 seconds. Just. Lets check in on the global markets. As for u. S. Equity futures, stocks closed lower, but way off the lows of the session. Especially as europe closed yesterday morning, things started to improve in the u. S. Session. Dow futures positive today. Up 11. S p futures up 1 1 2, nasdaq futures up 4, this comes after the nasdaqs first and only down day for 2017. Breaking that tremendous winning streak of five record closes in a row. The dow at one time us with having its worst day of the year, but recovered. Yesterday yields were lower, the reversal of the trump trade, weaker do
We have a lot of breaking news. We need to literature treasuries and the markets. Im interested in what japanese treasuries are doing today. Oil stockpiles rose in the First Quarter despite the opec cuts. Lets see of its having an impact on the price of crude. You can see its unchanged at 52. 96. We have that report that is extremely important. I am trying to filter through what we know and what we dont know. Despiteles are rising the opec cut. Thats the one significant thing. The Oil Market Needs time to rebalance as january stockpiles rose. There is little affect on the market so far. It. Will be looking at in the broader market, the dollar is slumping a little bit. Talking, he was said the dollar was getting too strong and shares in europe. Lets get straight to the bloomberg first word news. Rex tillerson and his russian counterpart vented their disagreement after hours of talks. They did signal that neither side is given up on improving relations soured by russian hacking and syria
Anna welcome to the program, wn and weretdo live from london. Lets get straight to what is happening in the market. The key feature has been the reevaluation of what the fed is going to do in their june meeting. We talked about that a lot yesterday. Overnight, we continue to see this flow of hawkish currency coming from the fed, but the market hasnt been responding in the way that many would have anticipated. The wirp function bloomberg to run these through where fed futures are pressing the market will move and we have a 20 chance of the fed moving in the month of june, or hiking in the month of june. That number has moved a lot. It went up to 32 yesterday, but then it fell again. If the market is supposed to be a greasy on june is a time when rates Interest Rate, why did that contract a little bit . What we have from heard overnight, and also from blackrock that we need to start counting in the fed as a player in june. Also suggesting in one note that perhaps the fact that u. S. Equi
Thats largely on the back of currency moves. Shanghai is roughly flat. Hong kong is up. 5 . European equities. The ftse 100 is the only major average that is in positive territory. We did see a better than expected q2 gdp number for the Second Quarter. That was up. 6 from the last quarter. 2. 2 from the last year. Thats going into the brexit vote. Take a look where we are on crude. Brent still below 50 a barrel. Wti about 47 47. 18. We are getting job onning from opec numbers. Nothing is too certain. Couple big stories were watching this morning. Apple is issuing a security update from infecting your ipad or iphone. Devices can be affected by clicking a web link and hackers take over using the camera and microphone and tracking information on apps like facebook and gmail. Advising customers to update to the newest version as soon as possible. Inning im going to do that on the show. Mylan announcing yesterday its going to be reducing the outofpocket cost of the emergency epipen allergy
Welcome to squawk alley for a tuesday, jon fortt, Kayla Tausche and myself at post 9 along with investor jason who were going to check in with in just a moment. Some moderate chop as a pilot might say, dow is down about 97 points. Were going to get to jason in a second. First Morgan Brennan with some breaking news. Carl, thats right. Railroad headlines for you. Canadian pacific planning to abandon its proxy fight for Norfolk Southern according to dow jones, also mulling proxy revolutions to push norfolk into takeover talks. In other words Canadian Pacific considering a potential shift in strategy to push the Eastern Railroad to engage in these takeover talks. This, of course, comes on the heels of three rejected offers over the past few months. The most recent being in december. And it really its a bit unclear about how cps ceo hunter harrison, the street fight, the strategy is now going to shift. But again, hearing that it is going to shift according to dow jones. You take a look at t