Look at crude, which has been dictating terms for equities lately. Relatively unchanged on wti, about 50. 18 per barrel. For brent, 51. 88, barely higher. Rbob gas edging up a bit. Well get back to the markets in a bit. Breaking overnight, the u. S. Military launching tomahawk cruise missiles against radar sites in yemen after incidents earlier in the week where a navy ship was fired on from a rebel controlled area. Now to this mornings top story, embattled wells fargo ceo john stumpf is out retiring Effective Immediately. Tim sloan taking over the top job following the highprofile scandal involving their sales practices. News came out after the market closed yesterday. Looks to be up about 1. 5 in extended hours. Notably above 46, a level we havent seen in some time. Helping. Helping. Yeah. Wilfred frost spoke with tim sloan late yesterday and asked him if stumpfs departure was a necessary condition for the company to move on. I think johns decision to retire is one that, you know, is
Inventories are on the way. Our road map begins with the election six days away. Polls show pretty much a dead heat. Hundreds of economists including Prize Winners urging voters not to vote for trump in an open letter. Alibaba shares are on the rise this morning, the Worlds Largest retailer showing strength and cloud and in mobile. And big beat for time warner, company also raising full year forecast as it gets ready for that merger with at t. Call is wrapping up and well get you headlines on that. But first up, futures are moving lower a day after the s p extends its losing streak to six. Data from adp shows private sector added 147,000 jobs last month, that is below expectations. Meantime, the feds latest Interest Rate decision and policy statement 2 00 p. M. Eastern time. And of course six days until the election, jim, the past six days on all of the assets i just mentioned, is that all jitters ahead of tuesday . You know what, im going to say it is. I was talking with my friend sar
Few clouds to reflect the pretty colors and none of that is completely clear but still a nice pink glow behind the skyline. Upper 30s, 39 durham, 38 carry and wait for us, wake forest. 50 in fayetteville. Were seeing a wide range and temperatures, upper 40s from goldsboro so it is cooler than norm down south. Depending on where depend on how big your coat needs to be. We really will see temperatures warming up rapidly this morning. 65 at lunch and a high of 70 this afternoon. It may sound fantastic and warm but wait till you see the forecast for tomorrow. It wont last long. Cold air by sunday. The front in between. Brian here brand is here talking about the roads. So far so good overall. Looking downtown there is the d map at the American Tobacco campus. It looks good through downtown. Trips from i40 to ming and street is taking seven maintenance minutes. For the moment at least you are delay free as you leave chapel hill on 40 eastbound. Looking good in durham and chapel hill 540 west
Amazing. Futures 57, under 3 measured. Challenge. A the euro 1. 111. Elevated,was really 27. Sterling, 1. 3625. A difficult go of it. 1322. Julie this is my favorite part of the year. This is the pound index. You can see the incredibly tight correlation all through overnight trading into the morning. Only do we see a slight divergence. The white line is the pound index. All such lows, climbing a little bit higher versus the stock getting clobbered. Correlationkind of you do not expect to see in your lifetime. Scarlet this is not normal. When you look at how the cash market is doing, it is not that bad in contrast. Take a look at the bloomberg. When you break it down into sectors, you have attained main desk you have 10 main groups. Companies faring better. The losers are financials, the big banks. We want to show you within the dow the big movers. The dow has 30 members. The only gain is up by half of 1 . Stock is down. Alix now lets check in on bloomberg first word news this afternoon
Federal crime and they should be prosecuted. So we are basically asking for people to be vigilant and serve on the front lines. You would still need a tremendous amount of people to go to any polling place to try to influence. We have troubling reports on how these can be hacked. Symantec corporation . For Research Purposes . Let me put this in the back or do there is a bloomberg article dated september 19 saying the states asked for cybersecurity scans and im just going to read this in a recent voting machin machine of its poe to change the data. If i could enter this into the record. Can you explain how and if there is any reason why, what didnt we always want a backup in case something was happening . The machine is abc advantage used in a few counties in pennsylvania and other states. The Computer Program is mounted in a socket on the motherboard. You would have to remove that from the socket on which youve prepared the program. The program that ive prepared as an extra 100 lines o