A rally that gives building as the day goes on. Which has been a leader all day long, it is now better than 1 . 5 . Dow and as the snp it is commodities given. Driven. Todayals are also rising as the price of underlying commodities are going higher and technology and industrials contributing to gains. A pretty broadbased in utilities. Utilities are the only down right now. Lets take a look at the underlying commodities. You heard Daniel Juergens 50 forecast. Your hearing more strategists come out and raise their forecast for oil. Goldman sachs, they have the latest. The oil is going to a deficit sooner then they had predicted. Now 47 67 a barrel. As bigures not seeing again, but we will see inflows into gold. Lets look at copper. Gold is the best performer in the s p 500. It is raised to a 15 over cap one. Analysts are saying the company will make more moves to the. Ight side of the Balance Sheet those moves are coming soon. It has already been paring down its assets. An apple is a par
We are around session lows so lets head to the markets desk where we have the latest. A sense of relief fading after four days of gains. We are seeing them trading lower with the nasdaq leading those declines falling 1. 3 . The s p 500 also adds to the lows of falling 1 while the dow is down. 9 . If you look at the function on the bloomberg, you can see the sectors falling most declined as well as financials. Remember, financials were some of those that saw the biggest recovery from those february lows. Energyprising that sectors are following today headed forhave crude the biggest fivemonth decline. Trading below 47 a barrel. Gainingeing the dollar momentum after trading lower. Is again at ad record low. The lowest level since 1985. We also see the japanese yen those majornst counterparts. Volatility has surged again. But then a fall of about 43 last week. We are now climbing back up slightly about 10 . Take a look at bond yields. Investors are blocking to safe asens and we see bond y
Stopped short of calling them a pyramid scheme, what ackman hoped for. Said it would happen, the stock would go to zero. That language avoided and herbalife tried to frame it as an upbeat resolution for them. Heres what he had to say. They chose 0 negotiate a settlement with the harshest the ftc ever had against a pyramid xwee scheme. Misleading the market about what the ftc ultimately concluded. We think its a nice try, but its the herbalife, shut down by the ftc. They just havent realized it yet. Very harsh words from ackman but he went a step further. Accusing herballife, manipulating its stock, attempting to, planting stories with the media positive early friday morning before the markets open and before this ftc settlement was officially announced. Perhaps, although stopped short of saying it directly, encouraging carl icahn to speak positively and before all the facts were known and before the context, as he sees it, at least, of this, everything short of calling it a pyramid sch
Server while she was secretary of state. A server that had information that was classified. The Clinton Campaign responding now. Lets get straight to john harwood in the nations capital. John. Hillary clinton as you suggested is off the hook legally, but not so much politically. Now, first of all we just gotten a response from brian fallon, her press secretary, to james comey, the fbi directors statement. And he said in that statement that the Clinton Campaign is pleased that no further action will result, was recommended by the career professionals that Hillary Clinton has said it was a mistake to use a private server and wouldnt repeat it again. But theyre glad to move on. And they consider the matter resolved. But the surprise today was not that no charges were recommended by the fbi, the surprise was how strongly james comey the fbi director criticized Hillary Clinton for how she handled email. And with that in mind let me just go back to an interview i had with secretary clinton i
Welcome to squawk alley for a wednesday morning. Im carl kwinquintanilla. After a rocky start, donald trump named the republican nominee for the 2016 president ial race along with running mate indiana governor mike pence. Governor pence, the headline speaker tonight along with harold hamm of continental resources. Eric trump, speaker gingrich and others. A lot of unity coming together. The republicans argue as we had some members of trumps family speak last night. One thing to watch out for tonight, senator ted cruz and whether he has a fullthroated endorsement of trump. Primetime coverage on cnbc at 10 00 p. M. Eastern time on whats already a busy market day, too. Yes, indeed. Thank you, carl. Taking a look at the market. The dow is up about 44 points. S p up nearly 10 and microsoft certainly leading the dow, kayla, up 6. 3 . Cisco right behind it. Worth noting, the fact were currently set for nine Straight Days of gains on the dow. The nasdaq hit its record high one year ago. Its sti