Also, a Senate Intelligence hearing in an hour. And the retail wreckage continues. Sears is closing even more stores and macys lowered guidance yesterday. Talking about margins. But there might be a bright spot and the name is walmart. Tesla stock hit an all time yesterday and where they might be headed with the model 3. First up, the president has chosen the nominee to be next fbi director as comey gets ready to testify on capitol hill tomorrow. Our eamon javers is in washington. What a day for news. Good morning, eamon. Good morning. So Christopher Wray will be the president s nominee for fbi director one day before the former fbi director james comey is scheduled to testify on capitol hill about his interactions with the president. The president has selected somebody new. Heres the tweet from the president just a few moments ago. He said i will be nominating christopher a. Wray, a man of impeccable credentials to be the new fbi director. Details to follow. What are some of those cre
Hang seng index was weaker down 0. 8 . The shanghai was flat. European equities this morning, if you want to look and see whats happening in early trade, green arrows across the board. The ftse is flat the cac is up by a half percent. The dax is up by 0. 2 . Crude oil prices which were up once again yesterday, weve seen at least six sessions in a row of gains, up to 45. 28. Here are the big stories. Good morning Tesla Ceo Elon musk tweeting again. When asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is teslas highly anticipated socalled affordable model. Starts at 35,000. Musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. James bullard is retreating further from his formerly hawkish stance on rates. He said weak data undermined the feds plan and the central bank should take a more reactionary approach, if and when it
Daybreak europe our flagship show from here in london. Manus i am manus cranny. Biggest twoday rally on record, bang, turn it around, the biggest draw. Added,ugh the bazookas the pboc. They manipulated the liquidity. Here it is. Overnight, we have dropped by reserves,got the fx which, in on the cusp above 3 trillion. The question for the market is down, are more capital controls to come. The pboc making life difficult. That was the cause of that pain for shorts. This is a deviating it somewhat. We see how close we are to that seven number, six. 9, on the radar before then. Back, weakening, 6. 88 or so, looking towards that 6. 9 level. We did not, they did not have to drop fx reserves below that 3 trillion level to defend, but how long that remains the case. It did drop for six straight months. Manus this is the real momentum. Theresa may making it clear that exiting the eu and regaining control of the borders is a critical point for her. ,re we moving to a hard brexit a break of 122 in
Higher on the back of the move in syria. More on that behavior. Plus, retired general leslie clark joining us shortly to talk about what future u. S. Military strategy could look like. Lets begin with Team Coverage of todays big stories affecting the markets. Steve leisman at cnbc headquarters with details on this mornings weaker than expected jobs report, and bill is in moscow tonight with the latest on the syria situation, and kayla is in palm beach, florida with news from the china summit. Steve, starting with you rs first thing this morning with the headline whether it was weaker thans expected. We had a chance to digest that in markets, and despite the disappointing payroll number, bill, most economists, and markets, trade as if they are on track to hype twice this year, including in june. The chance of a rate hike in june remains unchanged at 61 , even after the government reported job growth of 98,000 today, and that was well below the streets 175,000 estimate. New york fed pres
Your host armstrong williams. Bruce, its always good to see you. Chantal welcome to our house. Thank you. Its good that we have chantal on the set today, because you know, we talk about these issues of terrorism, and boko haram, and we always hear about them in the news, and its interesting how we have our very own cia in nigeria right now trying to find the cell and trying to destroy it, because obviously, it mirrors the same terrorists attacks that we see arn the world, bruce . Well, that is true, we have extended not only in nigeria but throughout the region cameroon, because boko haram is not limited only to nigeria and into libya they have contacts that is called alqaeda, and the magrab, and we are projecting our training in special forces into over 100 countries in the world. Not simply nigeria, and its true that te worldwide, in its dimensions, but i think the causes are different everywhere. The reason why, theres a resort to terrorism isnt the same in nigeria as there is in ot