Exchange. David faber is in los angeles. More from david in a moment. Meanwhile premarket steady ahead of busy week of earnings. Nikkei takes a spill overnight catching up to the yen and Oil Steady Near 46. Our road map begins with Warren Buffett speaking out in omaha. Were going to bring you highlights, no deal for halliburton and hughes calling off their 28 billion merger. And simon hobbs live from cuba on a Carnival Cruise ship. First up buffett weighing in on the markets, fed and earlier this morning on cnbc. This is what he told becky about the president ial election and the economy. If you ask me whether electing the wrong president can permanently damage the u. S. Economy, the answer is no. I mean, weve had 44 president s so far. This country will move forward regardless. And theres no need to make America Great again. America is greater than its ever been at this point, but its going to become ever greater. Talked about koch, talked about ibm, talked about jeff bezos, called hi
Security team, National Security team the 4 Big National Holiday like the one we are about to experience tomorrow. What is out of the ordinary is to have that meeting after a terrorist attack like the one that was planned and executed in paris. Officials are said to be worried, we will hear more about this, they are said to be worried about copycat attacks, copycats of what happened in paris. Bolognese nothing is flash on your screen, that is white house talk for a plea to minute warning to the president. So we will see if he does that lead to minutes from now. That said the white house has been careful to point out before the meeting took place and the last couple days that they have nothing specific, no credible or specific threats against the United States homeland. In terms of a copycat attacks there were reports the visible and sent to 18,000 Law Enforcement officials warning them about homegrown threats saying these lawenforcement officials should be even more on the lookout than
U. S. Equities and we are at this point at this moment the dows down about 3. 3 from its most recent peak. The nasdaq the russell, the s p all down a like amount right now. Lots of key levels to watch today. The fact below 50 in wti crude, some of whats happening in the rate space and waiting to talk about that but again were starting off the year in a trading session that people love to extrapolate for moves from here on a weak note. It goes without saying this final hour will be very instructive. Do they start to buy on the dips . They havent yet. Or do we get even more selling come into the picture in this final hour . As mentioned, as we get into this final hour underway here the dow off 340. Nasdaq off 1. 7 . The s p off almost 2 and biggest decliners in the dow are energy names and also the financials. Theyre also a Big Industrial name like caterpillar and a lot of other companies with international exposure. Last we checked two components of the dow are positive. Merck and cocac
And a greece exit of the euro weighing on futures this morning. Mcdonalds struggles continue. Asia continues to drag on results. And twitter now lower in the premarket. Were going to get jims take on those earnings from last week in just a few moments. But first up futures falling as we enter a new trading week. Greeces new Prime Minister vowing to roll back austerity measures and ruling out any extension of an international bailout. Eu officials pushing greece to stick with those terms. Also chinese trade data showing exports fell 3. 3 last month while imports tumbled by almost 20 . Meantime, the dow is coming off its best week since january of 13, a 3. 8 gain. For the year, jim, dow is up one point. Right. One point. Youve got to give us something good overseas. There isnt a single area other than maybe india, where youre getting any good news at all. China the import export numbers were not good. Whats going on there in china . I mean knock knock, whos there, no one. Theyre importin
Rising prices may help reduce the amount of securities it needs to achieve its buying gold. U. S. Cuba talks and diplomatic ties will resume on sunday and have anna. Officials are working on reestablishing diplomatic relations and reopening embassies. And raising the offer for [inaudible] pharmaceuticals. It is offering the plan to the salix board this weekend. Lets get to our markets desk. Another triple digit move from the doubt to the downside. It would represent the Third Straight weekly loss. The second week of declines. Investors are pricing in our starting to price a stronger dollar. What it means for earnings down the road along with a lot of questions about what the fed will do create when will it start raising Interest Rates . The retail sales this weekend Producer Prices today cast doubt on an immediate move. You have a lot of uncertainty right now. A lot of people moving money as well to europe and japan where the nikkei closed above 19,000 strong dollar help say it above 1