the whole country a service. by helping illustrate the confusion and the denial that a lot of sexual victims feel in those first moments after an assault. she s going to be a really important guest to hear from tonight, lawrence, it s great to have her. yeah, alex, last night, on this program, we hand harvard law professor lawrence tribe. and i alerted the audience to the fact that is very likely that president biden would be paying attention to what professor tribe said about the debt ceiling and the 14th amendment on this program last night. and sure enough today, when president biden was asked about it he said, i have been considering the 14th amendment, and a man i have enormous respect for, larry tribe, who advised me for a long time, thinks that would be legitimate. i m not saying he was watching the show. i think you could say that. i think you can say that. i think that means you are allowed to say that. i don t know. i don t know. i think you deserve it.
Worldwide exchange on cnbc im wilfred frost. We will get to the markets they are pointing higher yesterday we had a triple digit decline for the dow, down more than 130 points. We are bouncing back this morning. Not quite triple digits. Up 92 points for the dow 10 points for the s p. The nasdaq up 30 points. Energy the worst sector yesterday. Oil prices continued their recent two or threeday slide. Energy sector down 1. 2 . The best sector was financials up 0. 2 . In part getting a boost when richard cadre, the cfpb chief announced he would go eight months before the end of his term he was one of the last few remaining obama pro regulation i appointments in powerful positions. His departure helped some of the consuming lending banks in particular lets look at why were higher in part because of the rest of the world was higher yesterday the rests of the world was lower and that fed into a generally riskoff tone by the time we opened bouncing back. The nikkei up 1. 5 down 1 yesterday. Eu
Lets see how things did overnight in asia. Asia was leading the declines yesterday. This time a little different story. Nikkei closed up by 1. 5 hang seng was up by 0. 6 shanghai was flat. In europe, at least at this early trading hour, there are green arrows across the board. Barely hanging on for the ftse the dax and cac each up by better than 0. 6 looking at crude oil prices, at least right now, crude oil looks like its down 7 cents 55. 26. Couple big stories were watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesnt take into account the potential for regulators to rejected the deal on antitrust grounds reports saying mattels new ceo who took over in february may be trying to drive a harder bargain in talks with hasbro the company cut its fullyear revenue outlook. You are looking at both of those stocks now time inc is reportedly restarting talks to sell itself to publisher and broadca
Picture coming off that selloff for the nasdaq yesterday down 1. 3 . It dipped lower in the afternoon, frankly it was pretty soft all day the dow was up half a percent. The s p was flat, but within the s p, some very big sector divergence tech, as we expected, down the most it was down 3 telecoms up 3 a big swing there. To be fair, telecoms up largely because of at ts gains yesterday coming off more positive comments from Ceo Randall Stephenson to becky quick in terms of his hopes of his side winning that ongoing dispute about whether or not to take over time warner. Tech very much the laggard yesterday. This morning the nasdaq is flat. The dow up 54 points the s p up 3. 5 points. Tenyear treasury note, we did see yields tick up yesterday the tenyear starting to inch higher but a bit closer to the 2. 4 level. 2. 38 today this morning yields pulling up a bit. In general the move over the last 48 hours has been yields picking up a bit asian equities, a soft session there. The tech sector
Dow, it will be an eight straight month of gains for the dow and s p 500. Strugglest for the Technology Sector once again. Lets look at what happened overnight in asia. You will see that the nikkei ended up by close to 0. 6 points. Stocks in china under pressure the hang seng down by 1. 5 points the shanghai down by 0. 6 . In europe, in the early trading, it looks like there are green arrows across the board. Biggest gains from the major averages come out of germany where the dax is up almost by 0 0. 8, the ftse up by a quarter percentage points. Right now looking at crude oil prices opec and nonopec producers, ie russia, are expected to announce an extension of output cuts until 2018 a lot of concerns about that, whether there will be Sticking Points along the way thats why crude oil was under pressure yesterday things have picked up this morning with a gain of 1 for wti. Up 53 cents to 57. 82 well get a live report from the meeting of opec in vienna. Thats coming up at 6 30 a. M. Eas