John ford has the morning off. We start with this big story about big business and the white house. Two of the president s Advisory Councils disbanding after multiple ceos dropping out citing the president s response to the violence in charlottesville. Among the ceos speaking out, jamie dimon, jeffrey immelt, mary barra, etna ceo mark bertoli bertolini. I think well talk to bob crandall in just a moment, guys, but were all trying to process the dramatic decision, how it went down, a lot of good cnbc reporting on that and what the significance of this move is going to be. In practice and also symbolically in the statement that it sends to the president and the white house. We clearly havent seen anything extend into the administration and markets are down half a percent or so but over the course of the last week as a whole, were up about three quarters of 1 for u. S. Indices. Reuters now has the headline quoting a white house official that gary cohn intends to remain in his position as
Las ramblos area very popular with tourists this is the height of the tourist season he plowed into a group of people at the Plaza Catalunya then the man jumped out of the van and fled on foot no word as to whether or not he has been apprehended shortly after that reuters reported that two men entered a local restaurant with guns in that plaza area as well. Nbc has not independently confirmed that there are mixed reports as to whether or not this is being considered a terrorist incident. There is only one source that is calling it that. The police have not independently confirmed that to us or to nbc news. At this point we do know that there are injuries we do not know how many. There are unconfirmed reports of one death. Nbc has not confirmed that either we do know that the police have cordoned off that area there is a massive Emergency Response to it reuters is reporting that the Emergency Services and police have requested that mass transit and rail System Service to that particular
Anything worth buying or selling off of this new cycle. So maybe we should open that were at a peculiar point in the calendar a couple ofweeks where historically nothing has happened, yet we get great volatility then the stocks rally as they did this afternoon ive got to tell you, i know why. No apparent reason why am i certain were trading on nothing i thought a lot about these periods and learned there is random movement periodically, and it always gets ascribed to something. The market is not always logical and the action doesnt always have to have a concrete cause. Thats why we might as well be adescribed the action to the eclipse. Its about as dark as these glasses. This morning, starting with f. A. N. G. , which is facebook, apple, netflix and google, they were up and down and people scrambled to find any reasons whatsoever there was a lot of instant analysis about what was wrong. Everything then within minutes, we start to see the usual obituaries being written about f. A. N. G.
2,094. We got to get to dominick chu. He has a market flash. Global retail now. Earlier in the past hour we told you the news about walmart taking a 5 stake in jd. Com. Theyre going to swapt businesses a little bit. Walmart giving over the china operations to jd. Com and getting a 5 share. They were up about 8 pat going into that trading halt. They are now up about 8 . So trading just a little bit below where they were when that news first came out. Just call to your attention what is happening. There again, michelle, all of this on that bit of news that walmart is turning over its walmart china operations. It now be operated by jd. Com. And i guess in compensation for that, walmart will get a 5 stake, approximately in, jd. Com. Back to you. Operating in china has been tough for a lot of u. S. Retailers. Home depot got out of there a long time ago. They were so frustrated. Absolutely. One more thing, of course, youre talking about dealing with this whole on line marketplace phenomenon
Like exxon, chevron, and pretty much nearly every other oil stock out there. Lets find out the reason and get to Jackie Deangelis at the nymex. Thats exactly right. Near 7 increase in oil prices on the day today. Remember, this is after the seesaw week here and, of course, we are near session highs at this point. Some buying the dip here, some technical buying, driving the price higher, but there is fundamental strength to because traders are looking at numbers out there, not just from the u. S. , but also in europe and taking them with a positive tone. Look at u. S. Production over the month of march. Ive got the numbers for you. A million barrel per day decline here in the United States, were just over 9 million as of april 1st. Next week could be that inflexion point where we drop under that level. Remember, this is down from 9. 6 Million Barrels june last year, so significant drop here. Those rig count declines that were going to hear about later in the hour starting to maybe have