Peace process. The president s announcement could have serious ripple effects on the world even the pope is weighing in recognition of jerusalem is the news from the president of the United States. This marks a departer from democratic demonstrations of the past here they continued to keep the embassy in tel aviv not moving into the touchy question of what the status of jerusalem ought to be the administration will not move to jerusalem immediately they said the process will be kicked off by the president of the United States. It could take some period of time, possibly years before an embassy is built in jerusalem and the site located and security put in place and the Embassy Opens and begins functioning in jerusalem the president is expected to recognize that it is the capital and that is expected to touch off reaction among palestinians who very much view East Jerusalem as the capital of a palestinian state. We will see what the president has to say here at the white house in a coup
Make big money if this cvs deal closes well tell you how much. Trying to count it up coming up first as you know, President Trump made this major announcement on israel today which could destabilize the middle east this coming just a day after carlisles David Rubenstein told cnbc the only thing that the market needs to worry about is an unexpected geopolitical event. The only thing we have to worry about in 2018 or 2019 some unanticipated geopolitical event, the black swan. But right now short of those kind of things i think the economy is reasonably good shape and probably going to be spurred on by the taxbill. Lets get to cnbcs eamon javers for a recap of eat vents. The president decided today to recognize that the capital of israel is in jerusalem breaking with longstanding u. S. Policy the president cast this as simply acknowledging the reality on the ground in jerusalem and said that he was fulfilling a Campaign Promise heres what he said earlier today. Today i am delivering ive j
About even for the quarter. It is in danger of snapping an eightquarter win streak. The final hour of course usually has some accelerated moves so dont go anywhere. Were still positive right now but not by a whole lot. We have seen that the last couple sessions where we hit the lows going out. Something for traders to keep an eye on. Youll want to stay tuned for my exclusive interview with chevrons ceo john watson. He says oil below 50 could be with us for two more years. Youll hear it all coming up in just a few minutes. Prices down rather sharply today. Maybe they heard about that comment. If you thought you could shut it down for the weekend when the bell rings for an hour think again. Fed chair janet yellen not only speaking later but also taking questions. It all starts at the top of the next hour. Well have the news of what she is saying and we will show you the question and answer session live. It could determine stocks for next week. In fact, ahead of all of that treasury yield
Mandy. We start with the markets and the fear in the markets specifically. Volatility is really moving. The vix is up 18 during this very volatile week and then the war between sunnis and shiites really heating up in yemen. Saudi arabia launching strikes and threatening a Ground Invasion against iranianbacked militias. Ty. All right. Thanks very much. The other big risk folks, is puerto rico. A number of big hedge funds have exposure to its bonds, and some are calling it americas version of greece. The food isnt as good. Fitch downgrading puerto ricos general obligation and related debt two notches. Deeper now into junk. Fitch concerned about the islands ability to carry out a financing plan and the willingness of the legislature to pay. Earlier this month puerto rico delayed a 3 billion bond sale, and now were going to move forward here until may and lawmakers are considering whether to default on government issued debt. You just saw that television get made right there. Stand closer