Behind Donald Trumps call with boeing, his comments on the rally and stocks and his role as negotiator in chief. Plus, softbanc ceo what is that going to mean for our economy and some important telecom companies. And twitter pulpit, fresh comments from trump and Ceo Jack Dorsey on his use of the platform and what we can expect. And a deal that will have fresh scrutiny from the next administration, the ceos of at t and time warner are facing questioning on capitol hill today. First up, donald trump has been named time person of the year. Donald trump calling tremendous honor during his appearance on nbcs today show. And also elaborated on his comments he made yesterday about boeing and air force one. Well, i think the planes are too expensive. I spoke to a very good man yesterday, head of boeing, terrific guy. Were going to work it out. But, you know, thats what im here for. Im going to negotiate prices. The planes are too expensive and were going to get the prices down. And if we dont
Lets get pumped up. Were being joined about it Founding Partner of agin and we have a kmg manager of tortoise capital. Youve been negative on oil. Were back to 50. Why . Are you changing the tune in the price forecast . Im not that constructive on it. I see the dollar rallying as the fed goes into Interest Rate hike mode here. Balance of the year. I think some of the outages that have driven the latest leg are transitory. You have already seen the canadian outcut come back. Youre seeing libya barrels starting to load. And the situation in nigeria isnt great. Iran, iraq, saudi arain yashgs all set to ramp up production even further in the coming weeks. So youre negative . You think this is a short term pop. You expect prices to fall again . And were at a critical level here matched up right with the october high. It would be a prominent double top if there is a failure here. Okay. What we do know is that prices have rallied. As oil prices rallied, so, too, have manufacture the stocks. W
Hillary clinton went after donald trump today, this as we get surprising details about Trumps Campaign finances we have all that coming up for you. And also a read on the economy. Well tell you what to expect from fedex, adobe, and k. B. Holmes coming up. A good crosssection of industries there. Very good. To see whats going on. Lets begin with Janet Yellens testimony on capitol hill this morning on the economy. You saw it live on cnbc this morning. Steve liesman has the key takeaways. Guess who talked about brexit. She didnt say the word but she talked about it. She emphasized the uncertainty over the brexit this thursday, the recent slowdown in job growth, and Global Economic weakness. A uk vote to exit the European Union could have significant economic repercussions. For all of these reasons, the commission is closely monitoring Global Economic and financial developments and their implications for domestic Economic Activity with markets and inflation. Ubs said overall the testimony
Caroline theres no way theyre going to negative rates anytime soon. That seems to be fortunate. I appreciate Stanley Fischer saying it does seem to have some limited effectiveness where is employed, notably, japan and the ecb. Alix he says we are near full employment, pounding the drum as we are three days away from that allimportant job number on friday. Caroline so much focus on that. They are going to be poring over the case schiller numbers as well. Theres so much to do over the u. S. Economic data today. The Housing Market front and center with Robert Shiller joining us later in the program. But first, we have to get on to the markets. To thatthey reacting Stanley Fischer discussion . Alix we are seeing a lot of action in the treasury markets. The yield moves lower by about two basis points. Yields are moving lower by two basis points, and we are seeing buy across the board. As the yield comes down, counterintuitive, considering Stanley Fischer says we are not just one and done. A
Hit markets since the year began, is up the most among the big three over in europe. The tenyear note yield, crude oil always a key consideration here. You can see the tenyear note yield below 1. 8. Wti up 6 . Brent also nearing that 35 mark. Were well above 30 on wti. Our road map this morning, it starts with apples fight against the fbi. Things continuing to heat up. Tim cook sending another letter to employees, and fbi director james comey taking a shot at apple in an oped. Ailllergan with better than expected results. Facebook teams up with samsung with Virtual Reality. Over at barcelona. 2017 additive. You mean Virtual Reality will be added for facebook in 2017 . I think so. If you parse what Su Zuckerberg said in the last conference call, he doesnt do anything unless its now, versus google. Google says how much money you are really making on this . Want to talk facebook and google. Stocks are poised for a strong open to begin the trading week. You saw future theres helped by that