Not a threat for the european economy. Weaker crude prices also weighing on oil stocks. Saudis Energy Minister hints that the Oil Market May not need a producer deal to rebalance itself. A resounding victory for francois fillon. The second round of conservative primaries putting the Prime Minister in position to win next years president ial election. And aberdeen hitting the top of the stoxx 600 after the value of its managed assets rises by 10 despite a net outflow of funds amid political volatility. Speaking to this program, the ceo downplayed the impact of the u. S. Election. Obviously, weve seen a temporary setback with donald trump being nominated as president , but i agree with the sentiment that great opportunity for 20172018. Hi, everybody, and welcome to the show. Very glad that youre with us for this full hour. Weve got a packed show for you, and indeed kicking off with some data just hitting our wires, the italian november Consumer Confidence figure 107. 9. Thats slightly hi
Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with Andrew Ross Sorkin and Michelle Caruso cabrera. Joe is off today. Lots to cover on this friday morning. Everything from this civil gop debate in miami to apple and the fbi trading blows over its encryption battle. Check out the futures. Theyre in rally mode this morning. The ecb moves still in the market. Yesterday, the knee jerk reaction was a positive one. You saw markets up across the globe. By the enof the conversation, though, the ecb head mario draghi making comments that this might be the last that they needed to offer easing. You saw the markets go down before eventually finishing flat. This morning, doe up by 170 points, s p futures up by 20 and the nasdaq up by 52. In europe, you see big rallies there, too. The dax is up by 2. 8 . The ftse is up by 1. 5 . If you check out the currency markets, this is the story. The euro was down to 108 initially on this news all the way up to 112. You can
Special coverage and well have full Team Coverage over the next two hours here, bill, to talk about a lot of the market expectations. Weve seen a lot of numbers to the high side of course. Then we saw that disappointing adp jobs report today. So a lot of back and forth. Strong jobless claims. So many cross currents to work through. Of course, the story weve been following for the last couple of hours, deal or no deal . Depends on who you ask right now. Word that iran and the five world powers in those negotiations led by the u. S. In switzerland have reached an understanding that will get us to a deal by june 30th. Oil is lower on the news. Well figure out what the announcement really means. Plus well hear what president obama had to say about this development coming up a little bit here. Were also starting to hear from israel right now as well. Heres where markets stand. Well start with stocks then should talk about oil obviously. The dow is up 59 points today. A similar gain across t
Exchange , mark, gene and our own rick santelli. Art, let me start with you. Is this a rise above rally . Does it look like we might get a deal . Weve been rising above the levels weve been at. No question about that. Traders felt reassured coming in this morning. Washington is a ghost town. The president s out of country those are good things. Congress is not coming back until next week. No one will go before the cameras and jeopardize the cliff. The only file you have to run is the kumbiya moment after the meeting. They said nothing across the pond will hurt us, lets buy here. No sense of urgency right now. Does the market feed off that . Is that whats going on here . I continue to look at the treasury market. You can look at a chart overlaid with the stock market. We were following themmer earlier, especially with the opening you describe, then it started to fall off. Treasury market seems unimpress unimpressed. Im in agreement with art, which is a good thing because art is mostly r
He calls it, they pulled a congress. Waiting for goodow, and a lot of others said sticking their heads somewhere else. Its trough. Jim, thanks for coming on. Well see you on the set in pebble. Thank you for having me here. I appreciate it. Thank you for coming. Join us tomorrow. Squawk on the street is next. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber here at the new york Stock Exchange. Take a look at u. S. Futures. We should note the dow is posting its bst january in 17 years. We are looking to go higher on the dow here. Investors are awaiting the house vote this afternoon on postponing the debt ceiling. News in europe, David Cameron vowing a referendum on whether britain remains in the eu. In japan, longest losing streak in two months. China awaits data, thats out tonight. The road map in the u. S. Starts off at the golden arches. U. S. Samestore sales up 9 for mcdonalds, helped by the dollar menu and mcr