Washingtons actions of the continent. This is r. T. International. Canadas Prime Minister just how summoned an emergency meeting of his ministers after protesters shut down key well routes across the country the demonstrators want to stop a vast proposed gas pipeline over Indigenous Territory with the details is artist on quarter. Railways out of commission ports a backlog marches on the streets transportation across canada has been shut down by protests over a near 700 kilometer long gas pipeline and judging by the most recent actions there seems to be little hope for a swift resolution. To the. I. At 1st a number of Indigenous Councils came to an agreement with the Company Coastal gas link to build a 6600000000. 00 gas pipeline that would run through Indigenous Lands but the chiefs of a small 1st nation called the what sioux wetton tribe came out against its construction and for that they were raided by the police but the Police Action seems to have backfired the white Sweat Movement
Course as tensions in the middle east are very high also new chapter for u. S. Cosmetics giant avon its not part of the brazilian personal care group nutura the groups new ceo will join us later this hour. Stocks are extending a selloff, oil and gold prices continue to climb. This is iran and the white house, trade threats following of course the u. S. Air strike that killed irans top commander. Jim, happy new year. Happy new year. Nice to see you, my friend. Good to see you, buddy, way too long i missed you. I know you feel the same but i havent heard you opine on this market and what risk there is in the geopolitics, in the backandforth, our viewers im sure are familiar with the president s tweets over the last lets call it 24 to 48 hours, sort of saying weve identified 52 sites that we would take action against if in fact you do something, and also notifying the congress, he said, as well, if iran should strike any u. S. Person or target wed quickly and fully strike back, perhaps in
Bigcap tech for more perspective on iran, we have two big interviews. The broader markets, and a special intraday come back. The dow is still just negative, but we are we have off the lows. Whats your take today not only did we not go down as many as some thought on friday, but after we dipped this morning and came back, you know, its a very powerful first few days in terms of flows, but well keep a close eye on it 2020 forecast, but first lets focus in on the big story. Middle east tensions continue to rise mike santoli has hits market dashboard bob, lets start with you. The markets are tell us the longterm Impact Limited so far. Its not over yet. Today same situation, but different trading. Late in the day we faded, but not today. What moved everything around amazon, facebook, microsoft flattish, but down on the day. When you gelt those stock moves, curiously finally energy stocks. Even with oil relatively muted, nice for some names. Guys, back to you. Lets send it over to mike san t
Welcome to squawk alley. Im jon fortt. David faber and Morgan Brennan are here a lot to get to today, including winners and losers from last nights Golden Globes. Well begin with todays market drop, though stocks are off the lows, actually at the highs of the session. Bob pisani has whats driving todays down swing and maybe swing a little back up more than a little. We almost went positive a few moments ago on the s p 500 heres the intraday. This is similar to friday. The low print but v was there at the open friday we tended to have faded into the middle of the day, looked more like that. Well see if the same pattern happens. For the moment, we touch even going on the s p ill show you the sectors here cyclicals tend to be most affected energy on the upside today mostly the big integrated companies that are up, shale down, e banks down but off the lows same with transports not a good day for the transports overall retail is down, but again, off the lows thats the general pattern you se
Crude Oil Last Week which hit the highest interday wti up to 63. 72 an barrel ice brent crude is up to 69. 49. Gold hit a nearly fourmonth high last week posting its eighth straight positive session on friday. Longest daily winning streak since june of 2019 right now gold price is up another 1. 75 to 1,579. 60 an ounce. Our top story, tensions with iran escalating over the weekend. Eamon javers has the latest from washington good morning. Good morning, joe the iranians were vowing revenge over the weekend the administration took to television to explain its decision to kill that iranian general who was in iraq last week and to offer an explanation for what its plan is Going Forward. Mike pompeo said the administration is prepared and ready to handle anything that the iranians respond with. Heres what he said. If the American People should know that we have prepared for this, that we are ready well talk cultural that our responses are lawful and the president will take every action nece