Donald trump said he will honor the one china policy in a call with xi jinping, where the two president s pledge closer ties and agreed to jointly address global challenges. Good morning. Happy friday. Lets get straight to some breaking news. The oil market is in wait and see mode, thats according to the ieas latest report which said higher stockpiles and caution from the markets in assessing the level of output cuts explains why brent crude prices have stayed in the mid 50 a barrel range. Opecs cuts cut a record compliance rate of 90 , making it one of the deepest cuts in the cartels history. Lets talk more about this with alec holborn. 90 compliance. Is that something not sustainable over the longer time . We get the next opec report, wouldnt that go down to 70 , 80 . I think theres a decent chance they maintain the compliance levels between 80 and 100 is where theyre at. The latest secondary source put it at 91 . Thats very impressive. A lot of that is lede edby saud arabia. They cu
Welcome to Worldwide Exchange on cnbc. Im sara eisen. Happy friday. Good morning to you from me as well. Im wilfred frost. Its new music friday. Were kicking off with some brandnew katy perry. Would you guess thats katie merry . Katy perry. Got to see her once. You did . Dow is up almost 50 points this morning. S p up 3. Nasdaq up 11 after a solid rally on wall street yesterday. As for the tenyear treasury note yield back to selling off with higher yields. Weve seen that over the past session. Springing back from what was a multi week low we saw earlier in the week. Back above 2. 41 on the tenyear. The catalyst was President Trump telling the Airline Executives that the phenomenal tax plan is coming within the next couple of weeks. Thats all the bulls needed to hear. Trump with that tax announcement added fuel to the fire. We had seen yield change direction in yesterday mornings trade and with it equities rebounded. It refueled the trump trade. Yields had already started to move that d
Honor guard, all five branches of the u. S. Military in position here to welcome the japanese Prime Minister, who were expecting to drive down this driveway here at the white house in just a few moments. The Prime Minister was at the u. S. Chamber of commerce earlier this morning talking about the bilateral relationship and also the importance of trade and emphasizing the fact that he doesnt think it needs to be a zero sum gain. He thinks trade can be a winwin. But he also had a comment here about production of steel by a certain country. See what country hes talking about. Translator look at steel. Overproduction in a certain country has not seized. And as a consequence, increase in export results in a depressed price for steel worldwide. Reporter and carl, we know that the president spoke to the president of china, xi jinping last night. They had a lengthy conversation, we are told in the readout. And so, clearly, there is a very diplomatic dance here going on between these three cou
Lets look at it right now. They are shes not two and half on comments from President Trump ahead of the visit to the u. S. The shanghai composite ending the day higher as well. Oil prices moving higher overnight. Showing oil supplies falling. And demand falling. Right now oil up 52 cents. Investors in asia in the u. S. Are watching closely. President trump meets with the Prime Minister today on the top of the agenda some thorny train issues. The rivalries duke and North Carolina. Russell westbrook is too much for lebron james and the Cleveland Cavaliers. Its friday february 12 friday february 10. Today the latest breaking news. President donald trump strongly criticizing the decision by the ninth Circuit Court and the travel ban. And the travel ban. Its a political decision that could hurt us. We have a situation with the security of our country is at stake. And its a very serious situation. Will accord as it is said the democratic senator welcoming the decision. I was pleased to see t
Japans relations closer. What about closing the massive trade camp between two countries. Japan gets better end of this deal by how much . You might be stunned. They are headed aBoard Air Force one to joint base andrews to maralago. What can the u. S. Really get from japan if we buy more from them than they do from us . Former ambassador to japan john ruth what the art of this deal has to look like. Plus an anniversary in iran. Yet another reminder why President Trumps extreme vetting ideas may not be off base. Former Reagan Assistant secretary of defense larry korb on the day of rage has iranian citizens chanting, death to america. That is sure not scaring the bulls. Theyre trampling the bears with less than hand hour to the closing bell. The lets start the county down. Liz so that breaking news about ford. Ford is jumping 1 . Here is the news. Ford ininvesting one billion dollars in the next five years in artificial intelligence. It is buying a Company Called argo ai. They will combi