Up at the top. I am familiar. A data check after he learns where north dakota is. Commodities focus on oil. They have been soggy and a little bit correlated. The euro is stronger. American oil, 106. 94. S some of the tension, moving from the rana. Nirvana. 113. 05 on crude right now. Let me look at oil here. This is from the news and we will discuss this in a moment. To 2003, sturgeon oil surge in oil and collapse. That 100 level and we have moved a lot this week from 110 to 115. With theusy morning papers. Here is scarlet fu. On the heels of that oil chart, we have to talk but this crumbling situation in iraq. That is the front page story. Nter groupas spli is on the way toward baghdad. A civil war is brewing and the white houses and scramble mode. The president says he will not rule out airstrikes. Is just so ramped up. Did we undo all the work of the last eight years . Prime minister cameron is talking about the british experience. Thiswhere you sit, what is between the british and
We are glad youre here. Capital goods and durable goods are at 830. This is an important read on our economy. Moving to earnings, we have stanley, black decker, abbvi. Today. Fire ships that is a phone. You almost have to describe what that is. I dont know why they called it the fire. Maybe it is hot . What do you think . It is revolutionizing the world. It is innovative. Is it as good as my iphone . We will have to see. Bidensident obama and joe are meeting with leaders from Central American countries today, trying to figure out how to deal with this crisis on the border. Lets do a data check. What a week it has been. We turned 3 on futures. Can we break through support for a week or euro . Hydrocarbons have done nothing but churn all week. You can see with the vix, better than good market. That is important. 50. 47 2. 50. Top just a whisper. This will be a theme all day. For inflation,d over 30 years. Were extending out inflationadjusted beyond where we were in 1999 and 2007 as well.
Decision and economists not forecasting a change. Mike mckee our chief economic correspondent will be focused on the 8 30 a. M. Press conference with mario draghi where there is a lot to talk about. Including the possibility of a fed tabor here and what it could mean for rates rising in europe as well. A lot of Economic Data in the u. S. 7 30 a. M. , challenger job lot job cuts, then initial jobless claims of gdp and then bloomberg and Bloomberg Consumer convert and then factory orders and then 8 30 a. M. Eastern treasury secretary jack lew will outline his 2014 regulatory agenda and discuss wall street Reform Efforts in the buzz word will be the volcker rule. 950 pages. Lets do a 950page data check. Stocks, bonds, currencies, flat footed. Treasury yield elevated. 2. 83 . Of two 97. 57 a barrel. Yields,ds, the the the twoyear has not moved. Gold gets a bit finally today. Alix steel, why did gold get a bid . And perhapsering some Hedge Fund Buying coming in and buying a little bit. Mark