Im Courtney Reagan. Stocks trading again in another fa narrow ray but another high. A volatile session for oil. Saudi arabia and three other countries cutting ties with qatar raising concerns about supplies. More on this as oil prices fall. And whats moving. A major cancer conference under way in a number of biotechs rallying as a result. Loxo and puma among them. Herbalife down 6 of its latest outlook. Brian . Here is what else is happening this hour. Csx shareholders approving a proposal to reimburse 84 million for arranging the hiring of a new ceo hunter harrison. The ceo of mantle ridge, by the way, is the vice chairman of the board for csx. In the skies the good times continue to roll. Airlines globally are collectively raising their profit forecast. The Industry Group that represents more than 200 Airlines Says the profits should top 31 billion this year. Thats about 1. 5 billion more than previously forecast. And the Supreme Court scaling back the s. E. C. s power to recoup prof
From dow 20,000. The key now 45 for dow futures. S p futures than seven. Lea the nikkei falling over 1 in china the shanghai composite also innings below are appeared drained to Oil Prices Rose 10 prices rose 3 cutting back on production in the chinese economy improving. Although 52. 52 a barrel. Lea yields drifted lower by 2. 3 . Facebook says its not a Media Company that gears up for new Journalism Project anyway. We will tell you all about that. Lea and sports, are the San Diego Chargers heading to los angeles . We may find out the answer in a few filipina quarterback had you make some money . Nicole good morning. 5 01 a. M. We welcome you to fbn am, your first look at morning markets and breaking news. We welcome you cant train six. Lea good to see you. The Republicancontrolled Senate took the First Step Towards dismantling present upon this health care law. The nonbinding measure to set up a process didnt come quickly or say why they oppose it. Miscount well. Debate is not allowed
Seeing as little direction as we were at 10 a. M. When you and i talked. If you look at the major averages, theres a little bit of an opera ois. The s p 500 is up 90 been. 2 is up not even. 2. Breaking the losing streak on basis that the s p 500 has been on as investors try to figure out what the fed is going to do next. Materials have been solidly in the lead all day, up 1. 5 as utilities and telecom are now the laggards in todays session. Wereof the big gains seeing, two of the three or material stocks. That explains part of what is going on there. Because of the new tax inversion rules from the united states, they try to work out some kind of format were it would work but they could not come to an agreement. Monsanto come over getting the details of the bid, 122 a share. Even though there doesnt seem to be a lot of confidence the deal will go through, the shares were still up. Advisorof trip presenting at a jpmorgan conference in saying the next ilya dollar opportunity for the compa
Kongcurran is in hong wanting to know when the fed will raise Interest Rates. Matt miller is in berlin. Lets begin in greece. Finance ministers have reached an agreement that will allow aid to be released to ease the debt burden around the country. Marcus joins us live from athens. Aid disbursement means greece will not face a massive payment crunch to the ecb in the summer. Theres also some extra money that allows it to stopping down taxes are about to rise. Its not going to cause jubilation on the streets. They can expect a little bit of stability over the summer. Jonathan thank you. David are you wondering when the fed will next raise Interest Rates . Chinese officials will ask their u. S. Counterparts about the timing of the next increase. Curran in honga kong. When are they going to ask this question and where . Good morning. It shows how nervous chinas leadership is of the looming fed rate hike. Issuelan to raise this when diplomats meet as part of a strategic economic dialogue.
Include isil or assad, as you stated in your testimony and that relying on moderate rebels to defeat them both and usher in a political settlement, will the assad regime being supported by iran and russia as they are and with isil being so well financed, how will a group of rebels be able to defeat them both . And what would they need in order to accomplish that goal . The administration doesnt have a comprehensive policy to deal with all of the threats in iraq and syria and iran, nor does it seem to want one. These arent realistic plans that can truly destroy isil, can defeat al news ra and defeat the assad regime. We havent even begun the train and equip mission and were about a year away from even standing that minimal force up, if ever at all. Is that the case . Where are we with that mission, sir . In my testimony, i did focus on the concern about the militias and Prime Ministers batty to reign those in, all armed groups within the structures of state. I also focussed on the desir