French and belgian authorities look for one of the terrorists behind that attack. A fighter jet plummeting to the ground. That happened this morning, and initially weighed heavily on the markets. The dow is up about eight points, nasdaq down about 15 points. The s p 500 basically flat, it is off 1. 1 points. One of the reasons why the dow is holding in positive territory is the impact from oil companies. Youve got wti currently up by 3 . Gold on the back of the weaker dollar is also moving higher. If we can bring up the board convince again, currently 2. 234 . We begin with the big meeting you saw just a moment ago. President Obama Holding a News Conference at the white house with the french president hollande. John harwood is live at the white house. What was the takeaways . Reporter reporter a couple key takeaways. One, they agreed there would be an increase and expansion of the scope of air strikes and intensificati intensification. Hour. President hollande said, like the United Sta
Target practice. Given all the volatility weve seen, are wall street strategists s p targets about to change. Do you have an answer, mandy . Theat least i have some very smart people joining me through the course of the hour with their answers. Welcome back, brian. We missed you. Begin with the wild swings in oil. Those prices were down bigtime earlier but weve seen a massive rally to the tune of about 6 now building on the two previous big up days, keep in mind. But crude has now completely obliterated all of the losses it saw in august. It was down about 20 . Jackie deangelis joins us with more from the nymex. What was the major spark in this turnaround . Crude, jackie, and do people believe in it . When you look at session lows, 43. 60, were up more than 4. No one was looking for it in the morning. But the headlines came out that producers are now willing to talk about production globally. Opec saying that it stands ready to talk to other producers about the market but that it wants
4. 5 billion stake in phillips 66. Well get to all of it and a lot more. Futures are falling as we ring the last opening bell to the month. The bells are saying good rid kans to august. The nasdaq down its the worst month since may of 2012. Well see whether or not we finally get the weeks were used to having in august which are not nearly as exciting as last week. The market is very thin. People making a lot of big moves in a market that is not that stable, but i would point out that we have to get used to this. Last night the futures were down 25. There was nothing going on. China wasnt that bad. Stanley fischer, i felt was consistent with friday. It was a speech about inflation. And what i really want to point out is that we are down a lot on a lot of stocks. If you revisit last tuesday, almost everything is down. We have to start recognizing the market is pricing in whatever the fed does even though you may hear that only 40 say the fed is going to hike. Theres way too many stocks d
Fed to hike. Tens around 2. 15 and oil is north of 46. Road map begins with the jobs number falling short of estimates and whether this changes the math for the fed in september. And disney flexes its promotional muscle. Force friday is upon us and star wars merchandise is already selling out. Also ahead, no news is good news, or no news is news. Twitters Board Meeting comes and goes without a ceo announcement. First up the ball is in the feds court. 173,000 nonforeign jobs developed in august. Thats below consensus. Marks the smallest gains in five months. Unemployment rate falls. 2. Thats close to a 7. 5 year low. We had some we mentioned the revisions. August tends to be revised up on average about 75,000. Again, the talk is where is that line for the fed . What would have been Strong Enough for them to hike, lacquer on the tape saying he didnt care about this number h. Hes ready to move. We knew that from the title of his speech. People will Start Talking about the fact that you me
The exchange. Stocks currently moving back up towards highs of the day. Bob, okay, it is a rally but how low is the conviction at this stage . This is a rally but not with a lot of conviction. We need a little more buying enthusiasm. Were not getting it right now. But still 200 points, nothing to sneeze at. We had a nice move up prior to the open because productivity numbers were better. We are now approaching the highs for the day. Little bit of a midday rally. Lets look at the markets in the middle of the day. Right now 3 2 advancing to declining stocks. Heading towards 2 1 very shortly. Moving in that direction. Volumes been moderate. Not saying this is heavy. This is the lightest volume since weve had this volatility. Speaking of volatility, vix is below 30. Just a few points moved there. Dow leaders, fairly broad advance here. Home depot is one of the few dow components up this quarter. These are nice advances. Just not seeing much volume. It is not a normal volume day for most of