Will have big trouble if he changes immigration policy without congress are i would make clear to the president that if he acts unilaterally on his own outside of his authority, he will poison the well, and there will be no chance for immigration reform. It is as simple as that. President obama said he will halt deportation for some undocumented immigrants if congress does not do something about rewriting the law. President obama has irans help. Retly ask for that stresseder the two nations common interest in fighting the militant group. If iran did help in the fight come it would not give the iranians any leverage in those talks on restricting its nuclear programs. Revelations about the shrapnel airbag and a Japanese Company that made them, takata, learned that they were defective a yea decade ago. They ordered engineers to delete test results from computers. More than 14 million cars have been recalled because of airbag problems. Four deaths have been linked to the defect. Atnot funn
Network. Maybe a little jazz with mr. Parsons. Basketball, wind, jazz, who has got a better day than dick parsons . Erik that is what is ahead. Let us look at what is making headlines right now. Heres our news in focus. China and russia have strengthened the energy ties. The two sides have increased their guess applies from siberia to china. The peoples bank of china use it as the Central Bank Cuts it rate by 20 basis points. North korea says it has successfully tested a submarine launched ballistic missile. Yesterday, pyongyang threatened to attack the south korean warship. And plunged the 17 on one day of treads. The early forecast had a climate. The avengers are still winning the battle at the box office for second straight weekend, raking in more than 77 million. Stephanie i didnt see the avengers this weekend. Erik i did. Stephanie and . Erik mmm. Stephanie you dont have to like it. The teams who are seeing it are going to get the games and the lunchboxes and that is how bob iger
The hardliners of iran. It is an unusual coalition. Olivia Vice President joe biden called the letter beneath the dignity of the senate and sends a signal that the president cannot deliver on americans commitment. Oil shares up 9 after a shakeup of the top at the top of bank american. Brady dugan will be replaced by prudentials Tidjane Thiam. He is one of the few leaders of a global banks to have survived the financial crisis and the many scandals that followed. Brady dougan European Finance ministers are warning that time is once again running out for greece. They want the greeks to open their books and follow through with their pledges to reform the economy. Greece is in danger of running out of cash this month. The leaders do not want to give greeks more money unless they deliver on promises made two weeks ago. Apple bets their first new gadget in five years will get customers rushing to stores. They finally released full details for its new apple watch. It offers health and fitness
9 00 p. M. Ght at president obama talking about how to address the threat from is, Islamic State. Wheres the secretary . Just landed in iraq. Trying to pave the way for some entriesd activity by the u. S. Some increased activity by the u. S. He just got to baghdad. I spoke to the secretary of the air force. She made clear this is a long mission. Maybe we will get details. One of the words i see is the complexity that the president will address tonight. You have earnings. Nothing before the bell. After the bell, Restoration Hardware and mens wearhouse because you like the way you look. Thats what tom says every day. Wearhouse. Eu ministers are meeting right now trying to discuss the perhaps latest edition of sanctions. Finland says lets get going. At equities, bonds, currencies, commodities. Futures up 2. 10 year yield higher. Eurodollar 1. 2945. Nymex crude and brent under 100. Big showing, some of the fragility out there, tony dwyer will join us in the 7 00 hour with a mix of 13. 5 0
As far as earnings go, Urban Outfitters reports at 4 00 p. M. Brunomaker moleskin cucina lee cucinelli he makes those fancy coats . I dont wear them but maybe scarlet fu. All the wicked fancy guys. And wicked expensive. Wicked. A boston thing. Lets do a data check. Stocks, bonds, currencies, commodities and futures flat, 10 year yield turning off the better than good jobs report. The euro, 1. 3877, higher through friday and through australia this morning. Nymex crude goes nowhere. Foreign exchange, the yen, desperateally getting into weakness and the ruble stays stubbornly week for mr. Putin. , a decline. Again, off of china. How about a chart from the bloomberg terminal . China boom, and we collapse. A classic rollover. A lower highs and lower lows. Not good. Leland miller will join us this morning. He has been dead on on the slowdown in china. Really looking forward to the conversation. What a busy weekend . We scoured the papers. Scarlet fu gets us started with a difficult story. Ni