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
Average of the three. European markets this morning, lets take a look. We are in the whoa. Gave us a few more there. Look at that. They added italy and spain. Getting a little creative there in the old production booth. Thanks, guys. Always wanted to know whats going on there. But the three we look at are all down and there is the 10year note yield at 1. 52. Crude hanging there above 42. It has for the last few days as you also see brent. Lets get to our road map this morning. And it starts with the earnings out from yesterday from disney, which topped estimates, making a billion dollar streaming bet as well. We will take a look at the companys video plan and hear what ceo bob igor has up his sleeve. Major Retail Stocks on the move after earnings. How the retailers are handling the pressure that keeps up in that industry. And Michael Phelps making history last night. We will go live to rio and get carl to bring us up to date on all the latest action, including that amazing and very clo
Going to be up at the open. It would appear at least judging from the futures. European markets have had more or less reasonably decent day. Good, love to see it again. Thanks everybody. Thats going to be a constant now. You see the one outlier is the ftse 100 in the uk. 10year note yield and crude oil, crude was a story yesterday going down, 10year note yield around 1. 5 and now crude up a bit but did seem to take the market down a bit yesterday. As it weakened in the session. Alibaba reporting its earnings this morning and they did top estimates. Overall revenues were up 59 year over year. Gross merchandise volume jumped 24 . Joe tsai is the executive vice chairman of alibaba and he joins us now from hong kong. Its always nice to have you, joe. Theres a long delay, i should let our viewers know. I will talk and then you talk. Not sure were going to be able to talk back and forth as much as we might want to. Let me start with this, joe. Of course a very strong quarter. You did report
Futures coming back slightly, but now goldmans out with a new very pessimistic note on the market. Hp is buying samsungs printer business for 1 billion. Were going to talk to hp inc. s ceo about that deal in a cnbc exclusive squawk box, donald trump saying were in a false market. And janet yellen is keeping rates low because president obama wants her to. Well have much more from that interview coming up as well. First up though, futures are recovering a bit after this mornings losses following the friday selloff sparked by those rate hike fears. This morning atlanta fed president Dennis Lockhard saying theres been enough economic improvement, he says, for a, quote, serious discussion about a hike at next weeks fed meeting. Nearterm theres enough economic momentum to basically say the fed has met its goals, in the medium term, mike. Yeah, seemed pretty noncommittal. Obviously they were going to be having serious discussions at the meeting in september anyway. I think the market, the bon
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