On this, and take the oil and find a place to ship it. That is proving to be a real conundrum for these markets here. There is a company, variety of companies that do this for a living including one called valpak. It has storage barrel systems i dont know what you call it all over the world, include places in singapore, rotterdam, theyre essentially saying there is no room at the inn. Weve run out of space for the space people are looking. Sort of a doubleedged sword here. The fears in the market they have not gone away. At love oil suppliers, their concerns have not gone away. A lot of wildcatters, smaller businesses if you take exxonmobils and chevrons out of this, to lesser extent occidentals host of others theyre still feeling the pinch. Not as much as you would think. Off lows early this morning but still down appreciably. So well be looking at the forward month contract where june is the most heavily traded at the moment. So we will keep an eye on that but we will also keep an ey
Johnson johnson, well fargo and many more. Google going on a costcutting mission. How will this company known for growth cut back . Shares of google right now, shall we . Maybe no. Maybe so. They are up 16 at 5. 63 a 3 rise on that news. But we do start with the iranian deal. It may take weeks or months for the money to start flowing but the speculation has begun about who will get into the Islamic Republic first. Our coverage begins now with morgan brenner. What have you found, guys . You snuck up on me there. A sneak attack. So its not a done deal yet, still months and several hurdles away from sanctions being lifted, but there are a wide array of companies that could benefit long term so lets start with oil majors exxon mobile bp and royal dutch she will have all been taking steps to explore the possibility of doing business. All of the stocks are higher today. Now, if they start investing that could also boost Oil Field Services companies so Schlumberger Halliburton international a
You had one set of facts that you wanted to stick to, even as that narrative has changed for the worse or for the better. Yesterday the facts changed for American Express and the stock roared 9 higher today, helping to prop up the Dow Jones Industrial average. Dow ultimately dippingc 40 points. S p declining 0. 14 , nasdaq slipping 0. 09 . Ill have more to say about the debates impact on the market later in the show. For now, i want to talk about how stock picking is the opposite of politics. If you change your mind in politics, you get eviscerated. But if you dont periodically change your mind in the stock market, your fort folio gets eviscerated. Im hardly the person to point out this need for flexibility. Keynes asked why he flipflopped on a issue allegedly responded, when the facts change, i change my mind. What do you do, sir . I say allegedly because the story is aprosthetic riffle. American express had been a serial guide downer, almost every quarter produced a disappointment.
Phones we are caring around. It is an criticized by attorney general holder and the head of the fbi. How much did what apple and google, what they are saying they are going to do, how much did that hurt some of the work you did . Was a going too far between the balance of security and mike, you start. We want to be respectable people jobs. Move to protect privacy of individuals and mobile. Isis we give up so much information. They want to get into our content, look at information. Justiceur department of is having discussions with specific organizations. Or havee subpoena search warrants for this information . That s changed a little bit in the recent past but i am not sure where those discussions are. We look to work for the companys and how we can get the information we can gather in a National Security type of information in one of the means do that . It is back to the basic question of what is available . What are you capturing that we could get . We run into this problem before in
Lumbard & Kellner LLC trimmed its holdings in shares of Scorpio Tankers Inc. (NYSE:STNG – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,720 shares of the shipping company’s stock after selling 360 shares during the quarter. Lumbard […]