And lifted the major indexes for the first time in the fourt first, oil prices settled oh so close to 50 a barrel. Then there was a spade of solid economic repor that reversed fears that the economy hit a wall in august. More on both of those stories in a moment. First here are the closing numbers. The Dow Jones Industrial average climbed 112 points to 18,281. The nasdaq added 26 and the s p 500 was up 9. Lets talk about oil. First, which has its sights set on 50 a bar the price of domestic crude hit its high yefl level since june. The commodities settled up more than 2 to 49. 83. But will those prices hold at these levels . Jackie deangelis takes a look. Reporte the price of crude oil up about 12 in the last month. A tentative deal from opec to freeze product near record levels, boosting prices. While analysts feel capping producti at 32. 5 Million Barrels wont necessarily impact the supply demand dynamics, they think its an important step, a sign, perhaps, that saudi arabia is admitt
You see behind us, it is cooled off a bit. The dow is down about 15 points. But keep in mind, folks, we have seen huge moves in stocks, bonds and the dollar. Just since the election. And watch out for oil. Crude oil hitting a new threemonth low. Well have more on what is driving oil prices down straight ahead. Tyler . Thank you very much, brian. Tyler mathisen here. Here is what else is happening at this hour. Strong after shocks continue to rock new zealand following sundays 7. 8 magnitude earthquake. U. P. S. , air maintenance workers, voting to strike as contract negotiations stall. And the Transportation Department is setting new rules requiring electric and hybrid cars to emit sounds by 2018. So they cant sneak up on you anymore. We got a busy two hours ahead and we kick it off with the market, the dow, as brian mentioned, briefly hitting a record high at the open. It has since pulled back a bit. Despite the pullback, there are some notable standouts, often are, almost always are.
Prices are still up, the answer is no. Nicole president obama hold a News Conference in vietnam and allows closer ties. Lauren donald trump narrowing the gap with Hillary Clinton in the race to the white house. Nicole tampa bay lighting beat. Lauren welcome to fbn am, first look at whats moving in todays markets latest breaking news and what to expect on the day ahead. Nicole shares of monsato trading after german drug Company Buyer made a 62 billiondollar offer to buy the specialist, all cash offer, 122 a share, about 22 premium, closing value 101 and change and expect today trigger heavy scrutiny, the deal was imminent. Charlie is on the phone right now. Youve been on this breaking this, tell us the latest. First, you guys are way too chipper at 5 00 a. M. [laughter] the deal is eminent. I think what we did is reporting last night in foxbusiness. Com that two sides were engaged in discussions and is that when that hit id say around 5, 6 00 oclock last night they decided to come clean
Tunisian. We are keeping a keen eye on stocks, leisure stocks getting hit today and markets have taken a turn to the downside. London for the down one third of 1 . The german tax down 1 . Stocks down, the s p pulling back a little bit down 11 for the dow, s p futures down to a half. Amy kellogg has the latest from nice. Reporter the scene of the terrorist attack is a sea of people, a lot of gawkers, a lot of journalists, people clearly stunned by what happened and wanting to see the truck, it still sits in the middle of the promenade, a horrible eyesore on the beautiful strip that runs along the mediterranean sea. French president Francois Hollande was quick to call this a terrorist attack even before people were talking about the identity of the attacker, before much information had come forward at all but it is a sign of the times, france is at war with radical groups. We still here 18 people are in Critical Condition so there is a lot of concern the death toll could rise, local busi
Attack to have the latest in the campaign trail. True to john stump headed to capitol hill to testify an unethical shells practices they saw. Hes ready to take responsibility. Fax business will have live testimony this morning. Nicole investors watch as policymakers open the twoday ratesetting meeting today. Checking u. S. Stock market futures ahead of the opening the grace tear tear tuesday. S p up by four in the premarket. True to we are seeing the downside half of 1 to 4305 a barrel. Cheryl monday night football, the least of chicagos worries as jay cutler injures his son. Plastic jesus first in a mets uniform. Trade 25 01 a. M. In new york. We welcome you to fbn am can be a first look at whats new in todays america to come in the latest breaking news and what to expect if they had. They suspect in new york and new jersey bombing facing five counts of attempted murder of a Police Officer. Someone was arrested yesterday following a gun battle about 50 hours after the very first explo