Markets good morning. Back here u. S. Futures are moving lower, Energy Prices are ticking higher, investors continue to monitor events. In corporate news, nelson peltz putting that pressure on des any. Lets begin with the conflict overseas. Israel recovering after suffering the deadliest attack. Over the weekend immediately i dont know spoke out pledging support for israel. Today the people of israel are under attack orchestrated by a terrorist organization, hamas. In this moment of tragedy i want to say to them and to the world and to terrorists everywhere that the United States stands with israel. We will not ever fail to have her back. Well make sure that they have the help their citizens need and they can continue to defend themselves. So, jim, well watch the tape for headlines regarding lebanon and other places. Might widen the conflict. I feel terribly for great ally of the United States. I dont want to talk about debate, having to talk about what seems like profiteering on a day
Streets pull back as oil prices slideand tax plan jitters target targets holiday forecast, Brian Cornell joins us exclusively. The General Electric slide, continuing to sink premarket now down more than 43 this year stocks are poised to open lower after the dow and s p posted a third negative session in the past four, concerns about slowing growth in china, weighing on Commodity Prices and crude under pressure after the International Energy agency lowers its Oil Demand Forecast jim, weve got the same jitters about high yield and then of course inflation has run hot for a couple of days. I come back and look at the bureau of labor statistics number that came out real average Hourly Earnings for all employees decreased. 1 . So i think theres a lot of faux worries here china has been okay the whole time, remains okay these wage numbers tell me were okay and oil went up on turbulence and middle east problems and goes down incredibly wrong i think were churning what matters is we keep impor
Related products. Within the 90 level which is set to be so crucial has not proven the case. Melting away. Also, a lot of the republican party, more and more after this meeting and series of meetings in washington. Donald trump is our nominee. Lets see what we can do to get a mom. The speaker is saying is not necessarily committed to turn his full support and wait behind the nominee. Some bygones are bygones. Donald trump is meeting with Senate Republican leaders. Donald trump are the leaders could speak at any moment. Peter barnes at the very latest from washington. Reporter hey, neil. That is right. Sitting outside of National Committee headquarters, where brien and trump wrote up an hour ago and the chairman of the Republican Committee was also in the meeting on all of them stay very much on message saying this meeting was a step towards unification had a joint statement put by ryan and trump that while we were honest about our few differences, we recognized there is also many impor
Im sara eisen. Good morning from me as well. A big day ahead on cnbc as we bring you a front row seat to the sixth annual delivering alpha conference. Bringing together the most important players in Asset Management and tackle the Critical Issues facing investors in todays economy. Among the headliners treasury secretary jack lew kicking things off. His predecessor tim quite quite speaking, paul singer, steve are schwartzman karl icahn. Another tripledigit move here in the premarket. We saw this kind of move yesterday completely reverse course and the dow closing up more than 200 points. Dow futures under pressure again, minus 112 there. S p futures are down 14 half points. Nasdaq futures are down about 30 points as well. Again this after yesterdays reversal that clawed back more than half from fridays big selloff. Amazing turn around. Yesterday we were looking at similar futures declines. By the end of the day two sectors were up less than 1 , energy and materials. A massive rally tha
Good morning. You are watching the pulse. We are here in london. Getting somet breaking news out of the International Energy agency. Cutting Global Oil Demand for the fourth time in five months. Despite the fact that the price of oil is going down, demand is not picking up. The fact that they are having to do that for the fourth time in five months tells you about how quickly everybody is racing to try to get in front of this story. The story that continues to see nymex crude getting crushed. Below 60 a barrel. We are watching a number of confluences coming together here. Youve got the opec story, what is happening in the United States, the impact on emerging markets it is substantial. Lets find out how we should be looking at this story. Mark mobius is Franklin Templeton investment chairman. He joins us now from singapore. How should we read it . How should we make the oil story work for our investments . As you mentioned, the impact is tremendous. In some countries, it is disastrous.