Takeover targets coming up. Donald trump has bigname investors advising the campaign and now details if think oar putting their money where their mouth is. We have got the lawyer behind a controversial lawsuit accusing Morgan Stanley of mismanaging the employees 401 k plans and rippling through the industry. Hes going to join us after the bell. Be sure to stay tuned for that. Adding to the bearish sentiment is last weeks rig count showing u. S. Oil producers added rigs. Right. Ra raising concerns of supply online. Lets bring in ed war morris and halima kroft. You know, a lot of talk about how the latest move, whether its the 20 decline, the 20 bounce, 9 up in wti crude last week, has been mostly about investor positioning, is that the case or are we seeing real fundamental supply demand factors here . We have a position of basically a record high in short positions and expected a rally on the back of that and started the see i think the discussion of the opec freeze coming back into pl
Englishman in the house to discuss it. Google unveiling a new smartphone called the pixel. A number of other hardware products. We got someone who says todays announcement shows google is finally ready to take on apple. Hell explain why. Who comes up with those names . Pixel. Reminds me of the movie. Pictures from facebook, guns, sex, drugs, and facebook. Is that what you do at night we told you yesterday about facebook is this what its going to be like for two hours. Facebooks new marketplace was launched yesterday to take on the likes of ebay and craigslist. People are already selling some illicit items on the facebook site. Well tell you how the social network is responding today as we show you more and more of these photos here. And for the first time medical device maker is warning consumers about a cyber bug in one of its products. Johnson johnson said one of its insulin pumps is vulnerable to hacking. We got details. And the guy able to hack the device. This is no longer just an
Ways to support crude prices. We have more from the oil pits coming up. You have stocks going one way and oil going another. Unusual move. New report in the last hour says that disney has hired an adviser to explore a potential twitter bid. We had the latest details on that story for you. A faceoff that has been months in the making. We are live with the latest developments and results of a new poll. Lets start with the financials under pressure today. Dominic chu in the role of bob pisani today tracking the action. What we have right here is a situation where the banks are front and center for many traders. You look at financials and they are among worst performing sector so far today. The banks are ones to focus on here. If you look intraday we are hovering just near the worse levels of the session. Again, we will watch financials very closely. One reason why is because you take a look at laggards within the financial group. You have likes of Morgan Stanley and bank of america. You l
For the week but look at that. Were just off the highs of the session right now with the dow up 286 points. We have been tracking overnight sessions in japan, which is hit really hard this week, down more than 10 . But we have black rock global chief investment strategist joining us and he says the market looks attractive right now. Is square a takeover target . Visa revealing its stake in the Payments Company and some on wall street say the move could be paving the way for m and a in the category. Watch out netflix, apple is preparing the First Scripted Television Series starring dr. Dre. We will get details coming up. The markets soaring right now, what happened to all of the recession talk this week . Some say the economy and stocks are actually telling us two Different Things right now, Steve Liesman has what the economy is saying and dominic chu looks at the market. I love starting a debate with my opponent mortally wounded because stocks are higher. Im not more tally wounded. Its
Its sent the stock down. Well explain that further. And as Donald Trump Takes Center Stage as the Presumptive Republican nominee, how to trumpproof your portfolio. Lets start with the decline in oil prices. Jackie deangelus walks by. Were you going to tell us than . No. Its all despite news of the wildfires in canada and a big shakeup with the Saudi Arabian government. Its oil minister is being replaced adding more questions on whos in charge of the oil. Lets talk about what this means for the energy markets. Was this entirely unexpected . No. The mr. Everything deputy crown prince hes really been setting oil policy for some time. This was not unexpected. It was a little brutal the way he was dismissed by a royal decree. Hes kind of the alan green span of oil in saudi arabia almost frankly for the whole world and to see him the news didnt go out as he resigned and we all have to read between the t tea leaves as to what happened. It was pretty clear. He was kind of unceremoniously moved