Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a day, it opens up a window of worry. Just last thursday, the iea says iraq remains very vulnerable. It is more about could the supply threatened become much bigger. Anna they are overproducing their opec target. Annmarie this c
Recordtying sixth u. S. All around title if that does not impress you, just think about this, she did a double twisting, double summer salt dismount from a balance beam unreal its monday, august 12th and Worldwide Exchange begins right now. Good morning, good afternoon or good evening and welcome from wherever in the world you may be watching im brian sullivan. Happy monday well, at least for now we are seeing a little of the craziness for the recent market moves take a break to start the week, although li will say this, futures are now down they were down 50 points just about 15 minutes ago then we had the headlines about all flights being cancelled out of hong kongs airport and saw futures take a leg down. We lost 75 points like that. You never know whats going to happen the rest of the day in the bond market, bond yields remaining a little steady. The bond yield still on the ten year very, very low at 1. 685 again, this is what you want to watch, 1. 59, 1. 65, the twoten spread that
Flights today. Goldman sachs lowering its growth forecast and reports that wework could file as soon as this week. Were going to start today with the markets. Jim, not a repeat of last week, but were going to it is going to be busy, cpi, retail sales and more. Retail sales is on front burner it is hard to believe that given that unemployment rates are so low. People keep waiting for the inflation story in retail. I dealt with a number of retailers, and almost every retailer says, listen, very small margin hit to the september 1 tariffs. But as soon as you hear small, you say, big, big, big really good piece about dollar tree, not a lot of exposure to china and does well when the economy weakens. I want to watch that to see if we dont get the situation where we start trading down in terms of tocks macys, 7. 7 yield thats the paradigm of what people are avoiding. I think the macro does trickle down to the micro. Im concerned. Im really concerned about this hong kong situation too. You me
Future of the u. S. Economy. And given how stocks have been trading around the world lately, investors appear to more ncerned that the trade war between the United States and china will linger for a while, further damaging the Global Economy. All of that fueled another rally into the safety of treasury bonds, sending some yields to multiyear lows which some analysts say could be signaling a comingrecessio one strategist today went so far as to say that the wall street bear isnd alive kicking. That may be a bit extreme, but there is no mistaking how concerned the market is about the economy. By the way, toward the close, there was a technical issue with trading computers. Its not clear if all of the volume was reported or if som of the prices of the indexes were affected. You might see different numbers elsewhere, but these are the numbers we have at the close today with the dow down 389 points to close below 26000. The ndaq fell by 95, the s p down 35. Bob pisani starts us off from the
Brent and fed dissent. We look ahead to the last quarter of 2016. What will the winter bring . Caroline, lets take you to the adr action overnight. You can see the trade overnight coming into europe this morning. This is the deutsche adr. This is european trade. This is after european trade. You can see the story surrounding the fact that some hedge funds are withdrawing some to deutscheosure bank. The stock took it very, very hard. You have to wonder whether liquidity is really the issue here. Commerzbank clearly in focus for you as well. Caroline it is. Speaking to the cfo. We will be first in there with the interview. Have they done enough . 1800 jobs to go, that they are still potentially not cutting costs as much as analysts wanted. In the eye of the storm, dragged lower by Deutsche Bank today. About 3 lower. Time to consider whether germany and when thed department of justice can make transparency clear for Deutsche Bank, barclays, and some of the other players who have yet to he