Opec production report. Our road map begins with the snow coming down. States of emergency declared in new york, new jersey, pennsylvania, connecticut. Well take you live to the worst of the storm. Bill ackma th sells out of valeant, a 4 million loss. The Congressional Budget Office out with its assessment of the Republican Health care plan, saying millions will lose coverage. Well dig in on the report. First up, states of emergency declared in several states as the winter storm hammers the northeast. Already a foot of snow in parts of the region. More than 8,000 flights have been cancelled this week due to the storm impacting more than 400,000 passengers. Jim, were going to see what the impact is on the airlines. I think right now, i saw a map a few moments ago, there are only eight inbound flights to new york on the entire globe. Yeah. Look, i know we had a good report this morning, talking about whether there was how badly the quarters will be. You know, im very concerned. This grou
Cnbc. Im wilfred frost. And im susan lee in for sara eisen. A new month, new quarter. Thats right, lets have a look at what markets are doing on this the first day of the Second Quarter of 2017. Of course, it comes off a day of slight declines on friday. About 0. 3 for the dow, a little less than that for the s p and nasdaq. And they are called higher, about 28 points for the dow. Dollar points for the s p, nasdaq got about 9 points high. The dow rising 4. 6 . The s p 5. 5. The nasdaq placing its best performance since 2013 up nearly 10 . The Small Cap Index slightly underperforming. But the rally slowed. The s p finished flat. The dow lost nearly 1 . And the nasdaq gained about 1. A5 . Id say given all the focus weve had during the month of march, susan, from some of those pullbacks and declines when you have a look at that snapshot, you have to frame it as one of resilience. Yes, we did pull back a little bit in march, but nothing too significant and still very big gains for the Firs
Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me. Lets check in on the Global Markets. After u. S. Equities ended with positive gains yesterday, more than half a percent for the s p 500. Dow futures under just a tiny bit of pressure. Down nearly 4. S p 500 futures down almost 2. Nasdaq futures down 11 points. Lets check out the tenyear yield. Yields backed off the highs yesterday. That core cpi, Consumer Price index coming in a little soft. That led to yields lower, 174 is the yield on the tenyear. More than 60 chance that the fed hikes this year. Though its not really moving much from that 60, 65 chance. Its not fully priced in. Tenyear yield off the 180 level. The equities, even though gains were not huge, they were broad. All 11 s p 500 sectors in the green yesterday. Lets look at the global story this morning. China gdp. The economy there growing 6. 7 year other year in the Third Quarter. Interesting that matches the aim and also the last
Good morning, happy monday and welcome to world wild exchange. Im sara eisen sitting alongside don chu in for wilfred frost. We have a big story today. Huge deal in media and telecom. At t buying time warner for 107. 50 a share. Half in cash, half in stock. The total price tag equals more than 85 billion. Well have a lot on this story all hour long. But first, well check in on the broader markets after you can see time warner shares up almost 3 . A big pop already coming on the back of reports that this deal was in the works. At t the acquired shares down about 3 at this early hour. You can probably imagine that this merger is probably given a little bit of fuel for the bullish side of the market. If you look at equity futures right now, you can kind of see that story playing out as well. If you look at the dow, we are going to be up by 80 83 points at this point, thats the indicated point for u. S. Futures. The s p up by ten points and the nasdaq up by 26. And a little of that probabl
Clintons administration serving for nearly eight years. She was 78. And in a 5. 0 nag any attitude earthquake in central oklahoma damaged several buildings. The Downtown Energy hub of cushing was blocked off and part of the area was without power for two hours. There were several gas leaks but Officials Say they have been contained. No lifethreatening injuries were reported. A spokesman for the Oklahoma Corporation Commission Says that they have been in contact with pipeline operators in cushing and no immediate reports of problems. Weird, though. Never was an earthquake center. Odd. Back to the political story this morning, the fbi director james comey is maintaining his recommendation that Hillary Clinton not face charges following the newlydiscovered emails. And ayman is here with more. Good morning, joe. We had twists and turns down to the last day in the president ial campaign. But late yesterday the fbi director james comey sent a letter to capitol hill saying the fbi completed i