Year. But keep in mind we are still about 20 lower than where we were one year ago. The question, of course, now is where do we go from here . Lets bring in our all star oil panel now. Lima croft of Rbc Capital Markets and john. Two things, number one, you called this nigeria thing back on january 27th. Yes. Congratulations. Thank you. Is the output cut thats happening in nigeria enough to sustain higher prices long term or just short term activity . One thing about nigeria is we had supply outages in the past and they lasted a long time. What i keep telling clients is if nigeria goes off line, its sticky. Theyre intent on shutting down production and they have the capacity to do. So its the biggest upside ris nkt oil market. Is there any other sector where you have a group called the avengers having an impact . This is what theyre calling themselves. Its really a men take two. There was a group that kidnapped oil workers, shut down facilities and parade them around on tv. They do thin
Apple news today. Company getting a big investment from Berkshire Hathaway, the Ride Sharing Service he just invested in there could be looking for a u. S. Ipo. Shares of yahoo up on quicken loans founder part of a Consortium Bidding for the company. Warren buffett says hell back it. Major m a deals, pfizer making a 4. 5 million purchase. But first, Berkshire Hathaway has revealed a new 9. 8 million stake in apple. Meanwhile, apple ceo tim cook visiting china in an effort to reinvigorate sales in that country. Hes expected to meet with chinese officials and is already met with the president of didi just days after apple announced that billion dollar investment in the ride hailing startup. Met with some other startup creators as well, posted waebo which has gone viral already. I think the story is the app store. 7 billion in business that regular Chinese People have done on the app store. Between that billion and billion last year and i think what thats about is to say you may think tha
Antitrust violations without getting into specific, and Washington Post ran an article saying trump posed as a publicist to generate stories, a claim trump denies. Bezos would offer trump a ride to space. Would he field any questions at the meeting about trump . Well wait for that. The brawl has not worried investors yet. Look at amazon stock, outperforming the market this year, and still up more than 60 over the past 12 months. Adding to the drama today, though, ultra violet, a Group Fighting sexism, lhas a petitio to ask amazon to stop selling trumps line of mens waear. Why is amazon continuing to support the trump empire, and now, ultraviolet says 1500 shareholders signed the petition and commissioned a plane that will be circlingover head today at the meeting with a banner saying, dumptrump. For its part, amazon declining to comment on that. Ill head into the meeting right now, listen to bezos and bring you headlines as they come. Josh, back to you. Maybe political fireworks to wat
Take a look at the splash, there is positioning that is starting to take place in anticipation of what could be, maybe a fed Interest Rate increase. Hedging their bets tachlt a look at this one. The two year note yield for u. S. Treasuries, already over the korts of the past week, moving higher. It was near 80 basis points about a week ago. Now its up towards 90. Again, look in the grand scheme of the year to date period, eliminatively on a low basis here. One place where that battle, that hedging is starting to take place. That positioning. Also look at this. The dollar a big part of that story as well. Gold also playing into that. Again, 1275 a week ago her ounce. Now were around 1250. A 2 loss over the course of the past year. Gold has been a hot trade. Its still up. Up marketedly. So but some of the bets being paired back in anticipation of what could be a fed Interest Rate increase. Then one more place well look, one manufacture places well look, again, regional banks. Weve seen t
Today. Call it daydream. The head of vr will join us to discuss this daydream. In a first on cnbc interview. In the meantime after losing a second lawsuit claiming Johnson Johnsons talcum powder causes ovarian canister, they are speaking out right here on cnbc. Comments in a moment. And super bowl of bio tech coming up in just a few weeks. Well start getting data from a number of companies that that could cause sol bic moves. And fed minutes released about an hour ago. Steve leisman has some of the highlights for us. Thanks a lot. The u. S. Federal reserve strongly suggesting the possibility of a june rate hike if the Economic Data improves and that is what they expect to happen. In fact in the minutes before the april meeting that came out just a few hours ago the fed said some of these conditions are already been met but many members of the fed expect the other conditions to be in place by the time the fed meets in june. That means further evidence by the economy is rebounding in the