Week yeah. This is the expiration day so what happens is you actually its tomorrow, but people are trying to prep it what happens is rusty braziel explains to me, the rollover from the may contract to june occurs tomorrow. The reason that happens is because the may futures price converges with cash and expiration so in other words, youre looking at what the real price is its not the futures price so what happens is that imagine if youre producing at 32 a barrel, 33 a barrel like occidental, thats just youre hurting nobody can make any money at these prices rusty points out that after seeing this, the next month, it might go to zero and thats i think a lot of it is because where will you put it maybe keep it in the ground. It is extraordinary and jarring. And i think its causing the decline. Carl, whats so amazing, it was completely predictable thats why maybe the decline isis really overdone if its based on oil if its based on other factors, i dont know it looks like oil is bringing th
Bond markets awaiting ism services in one hour road map, the trade roller coaster. Stocks look to rebound from a three day slide after that report that trade negotiators are edging closer to a deal. Plus, alphabets shakeup googles founders, larry page and sergey brin both step away from their current official roles, but still control the votes at the overall company. And another setback for boeing, united tapping rival airbus to upgrade its new transatlantic fleets stocks looking to recoup some losses from yesterdays selloffs. Some renewed optimism about u. S. China trade talks. Moments ago the at nato summit in london, the president did say discussions with beijing are going well this comes a day after he said it might be better to wait until after the election to strike a deal another piece this morning is that reuters has Jared Kushner added to the negotiating team having meetings with the chinese ambassador. That would signal more people who are globalists involved. A globalist. Bu
Syria. But it is not activating them at this point. He also said the United States can shut down the turkish economy if we need to. Im Jackie Deangelis in for elizabeth mccdonald. Thethe evening edit stars rigt now. Jackie President Trump says he has a substantial deal with china. We have blake burman and gerri willis on the floor of the New York Stock Exchange where stocks surged today. Lets kick it off with blake. Reporter after roughly two years of negotiations and one broken down framework already earlier this year, President Trump saying from the oval office this afternoon, along chinas vice premier and his team that the u. S. And china came to a trade deal. Walking through an outline of a deal, the president says it will an ab by of 40 to 50 billion, open up Services Sector of china and i. P. Theft and currency manipulation. However there is a way to go. The president says it is divided up into phases. Phase one could take roughly a month to write. Weve come up with a very substa
Who is falling behind . Weve got the latest l polls ahead of the big democratic debates coming up, and end of the month and then spacex reach for stars two big successes lodging rocket to space station and getting the giants space hop per, that even elon musk says looks like a water tower to blast off a the ground. Mornings with maria beginsing right now. Weve got a big program this morning joining conversation Fox Business Network Dagen Mcdowell and the brewer group investsment banker nfl star jack brewer great to see everybody today. Great to see you happy friday. My name better than you Maria Bartiromo. [laughter] rally up everybody. Dagen is in the house. Come on. So sweet. All right weve got gdp this morning that is important. Going to dig into that. So were expecting almost 2 growth 1. growth so things to watch out for ill jump ahead. Household spending infrastructure, investment and military buildup could contradict 4 percentage point to gdp but get a reversal inventory draw dow
Why am i smiling, author of upcoming persuasion, lee carter is here, new mom as well. You look amazing. What a day for you to be back, too, i cant wait for calm, rational analysis of the war of words. [laughter] dagen former investment banker and nfl player. Record run, futures are pointing to, take a look, at hope this morning, 16point loss on dow futures, the earning season fully underway, jpmorgan, chase and Goldman Sachs reporting ahead of opening bell while fargo released quarterly number this hour, john, what are you watching for and what are you expecting . I think we will see fairly recent reports, you will probably see Companies Beat expectations, stilet not forget that the consensus view of Equity Analyst is in the Second Quarter we will see roughly 3 drop, we are seeing the first back to back decline by corporate earnings since early 2016, nevertheless, i dont think the current slow do you know will match the severity of global slowdown we had in 2015, 2016, so the market sh