Plan to return to normal. Is city approving income tax only on the wealthiest residents of seattle and bad news for snap investors this morning, the stock stumbling again below ipo price, first time after to crack ipo price, whether he tell you about it. Goldman says crude oil could fall below 40 a barrel. 44 and change right now. Right now down twothirds of a percent. Thats weighing on equity. Fractional moves, of course, 5 points low ner the dow, 4 and a half points lower in nasdaq. In europe ibdics look like this, the markets are mixed. The ftse in london down three quarters of 1 right now. In asia overnight stocks closed mostly higher with the exception of china. Best performer was hong kong up 1 and a half percent in hang seng index. Baseball biggest stars gear up for algame in miami tonight and bryce harper is stepping up his name with a pair of cleats, we will tell you about it. Joining me to talk about about it president of maslansky partners lee carter and Jason Chaffetz and J
Forecast to 2. 1 in 2017, down twotenths percent from earlier estimates. Theyre trimming next years Growth Outlook as well fiscal policy will be less expansionary than expected they expect fwrogrowth in china, japan. Happening now, opec and nonopec ministers gathered in russia to discuss Global Oil Output speculation swirling they could ask libya and nigeria to join in on production cuts both those nations are exempt from a deal to cap output. We have much more on the meeting later in the show. Not Much Movement in the energy markets. In corporate news, kkr nearing a deal for web md. They have had a five month auction to be bought they solicited bids interest more than 100 companies and firms since february the price is unclear as of close, they had market cap 2. 1 billion. Put in some symptom you have, and then you find yourself falling into a web of web md leads to self medication, which is not good for anybody. It is good it is out there. Before you couldnt find the stuff. You go to
Ftse up over 1 . Finally quick look at the dollar maybe thats moving some of this euro dollar, 1. 18. 1. 18. Remember earlier this year, it will be below parody, 94 cents it shot completely the other direction. Yes amazing frt dont belie dont believe what you read what youre seeing here is true. These newspapers so problematic. Speaking of stories, the big ones today, a major storm gath eari gatherring strength in the gulf of mexico. Harvey was upgraded to a Tropical Storm overnight crude oil prices, lets see, down a little bit. Wti crude just over 48 bucks its been sitting out the rally in metals. Federal regulators say they dont plan to block amazons 1 billion deal to buy whole foods. The ftc making that announcement hours after suhareholders approved the merger. Uber reported a lost of 6 65 million, 9 smaller than the 708 million loss in quarter one. Hpe Ceo Meg Whitman is standing by her statement that she will not be the next uber ceo she said nothing has changed since her series
Are actually seeing the euro turning lower here. Looking at crude, the picture in crude, wti down by 0. 4. Date to for brent crude. Heres big stories that we are watching today. Another wild trading session for the worlds oldest bank. Shares of monte dei paschi tell 7 in early trading after the embattled lender admitted there are no anchor investors taking up its share sale. A state bailout is expected with any losses forced on to bond holders. The president elect is tapping carl icahn as a special adviser. The billionaire investor will work on rescinding what he calls excessive regulation on u. S. Businesses. The Transition Team says icahn will not be a federal employee, and he will not take a salary. Another well known face to cnbc viewers is getting a job in the Trump Administration. The president elect is hiring economist Peter Navarro to run a newly formed National Trade council. Navarro is the author of death by china. He backs a hard line approach towards relations with beijing.
Wall street on how donald trump will shape and deal with business, energy, foreign policy, diplomacy. President elect trump outliningg to the how he plans to eliminate conflicts of interest of his role running a successful corporation, to overseeing the operation of the entire federal government. In that sweeping News Conference, trump also announced his new Veterans Affairs secretary pick. He provided a timeline for a Supreme Court nominee. But right at top of it, he dismissed a new salacious report about him and he admitted that russia hacked the dnc. Now one thing he said immediately moved the markets. Dow jones industrial average was within 27 points of dow 20,000 before trump pretty much murdered an entire sector, the word murder came from him. The sector he buried six feet under, they charge the post tooo much of your money. Wee talk about that in a second. Secretary of state nominee Rex Tillerson still on capitol hill in hour five, testifying about everything from his relationsh