while answering questions about the negotiations. we ll have those comments for you in just a moment. and they come as president biden is busy with world leaders at the g7 summit in japan. we ll recap yesterday s events and preview what s ahead including a new round of sanctions for russia aimed at closing loopholes that moscow has been using to security previous attempts to hold it accountable for the invasion of ukraine. good morning and welcome to way too early on this friday, may 19th. i m jonathan lemire. thanks for starting your day with us. we ll begin this morning on capitol hill where it appears that at least some progress is being made on the debt ceiling. house speaker kevin mccarthy shifted to optimism yesterday on the negotiations saying a deal could now be made in time in order to avoid a default. i just believe where we were a week ago and where we are today is a much better place because we have the right people in the room discussing it in a very profes
lock step, the s&p 500 as you just noted there hitting its highest level in nine months yesterday, so that s some positive news. across the board, though, markets are heading higher. oil is headed for its best week since the middle of april. the nikkei in the far east has closed at a 40-year peak. of course you have the g7 summit happening out in hiroshima and japan as well. meanwhile, though, we are seeing the s&p 500 a bit flat this morning with traders shifting their expectations the fed may be be looking to keep rates higher for a bit longer. the world s largest retailer which is of course is wal-mart has raised its full-year outlook as first quarter sales topped expectations. how are they able to do that? how do they explain the increase despite still rather high inflation in. yeah, the cfo says it s consumer resilience that seems to be the case in point to
together can help you make smarter decisions. voya. well planned. well invested. well protected. it s time now for business, and for that let s bring in cnbc s arabile gumede who is drumming along to a tune that perhaps only he can hear. he joins us live from london. it s a friday. you re allowed. stock futures are up this morning after the nasdaq and the s&p 500 index hit their highest levels in nine months. tell us what we should expect on wall street today. yeah, so the tune i was singing was it s a lovely day, but it s not necessarily the greatest day when one takes a look at the initial jobless claim numbers that came out yesterday, of course. but the market is certainly rejoicing on the back of the news there may even be some sort of resolution when it comes to that debt ceiling. that is anticipated to happen this weekend. so we saw the market move in