Remain just a point or so away from reaching record high levels, and on strike. General motors seeing its first worker strike since the financial crisis and could cost the Company Millions of dollars each day it is monday, september 16th and Worldwide Exchangeegins right now. Good morning im dominic chu in for Brian Sullivan today. Energy prices are soaring with brent coming off its biggest intraday move on record. Prices right now moving to the upside you can see here wti crude up 7. 5 brent crude up almost 8 by the way, it opened up nearly just around 20 at one point here as the saudis aim to restore at least one third of their lost output by early this week Yemens Houthi rebels claimed responsibility for the attack, saying it was one of their largest attacks ever inside of the kingdom. But the u. S. Is rejecting that notion saying the scope and precision of those attacks suggest the launch was not made by the houthis but in fact, originated from iran iran rejecting those claims, cal
The early trade after posting massive losses what the ceo is telling cnbc. And caught in a glass case of emotion a surprise mystery guest making the rounds all over late tv last night. Its trending on this august 9th as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Maybe at 2 00 in the morning in san diego, founded in 1909 by the germans. Any way, it could be the chart of the day whipsaw action in shares of uber after what could be described as a disappointing quarter. Ubers 2 2. 5 billion Second Quarter loss was larger than the total losses last year, all year for all but three companies in the s p 500. Only ge, kraft heinz and Newell Brands lost more money last year than uber lost in the Second Quarter. That stock being punished. Not as down as it was, but down 7. 5 right now to under 40 per share. Well have much more on uber coming up. A developing and important story. Thousands of proteste
Good morning welcome to Worldwide Exchange. Im Courtney Reagan. Im dominic chu in for wilfred frost. Lets get to the Market Action we have futures showing a bit of stability ahead of that big jobs number check out whats happening with the stock futures. The s p up by 1 point. The dow indicating a 39 to 40 point open and the nasdaq up by 5 points. The tenyear treasury note yield, always a focus with the jobs number, check out yields there. We have been seeing a downtrend as of late 2. 12 the last trade there holding relatively steady. This could be a big mover if we get a big or disappointing jobs number thats true we have about 3 1 2 hours until we get that jobs number. As we begin a new month of trading, lets check out the august score card. The dow and s p finished higher to extend their winning streaks to five straight months of green arrows the nasdaq gained a bit more than a percent in august the ninth positive month in the last ten the best performing sectors with Information Tec
Im wilfred frost, sara is off today. Lets get to the Global Market picture. This comes off another record close for the dow yesterday that was up 0. 7 . The s p and the nasdaq were up just slightly. Banks did well as yields rose. That record close and big jump for the dow flattered by one or two individual stock movers. The likes of caterpillar and 3m up significantly and the price weighting nature of the dow meant it had more of a significant gain than the dow or nasdaq gains for all three indexes. Slight gains this morning for the dow, the s p and nasdaq just lower. Tenyear treasury note, we hit a high of 2. 424 yesterday were at 2. 44. Fractionally love that level that will help the likes of the financials again today on the wall street agenda, a pair of economic reports and plenty of earnings september durable goods earnings are out at 8 30 a. M. , followed by september new home sales at 10 00 a. M. Boeing, cocacola, glaxosmithkline, Northrop Grumman will report before the open as
Happen at this point its a tax cut plan which is still positive for the economy. In terms of whether it will get done this year, people are discounting that if youre watching the markets, markets are hanging in there with some of this. The dow is indicated down by 50 points, the nasdaq down by 4 1 2, and the s p down by 5 they are all coming off record closes its been seven sessions in a row for the dow thats higher. The s p is up six out of the last seven sessions. Well see what happens slightly lower indication for the morning. Well see if that holds out. Overnight in asia, in japan, the nikkei was down by 0. 2 . Stocks were higher in china. Hang seng up by 0. 8 shanghai up by a third of a percentage point in europe, in some of the early trading we have already been watching today, you will see right now it looks like theres some modest declines the dax is down by 0. 3 . The cac in france is off by 0. 2 ftse is flat in media news, rocking the media world because it intersects with th