Vonnie the bloomberg Commodity Index is lower than it was during the hanging meltdown. New york oil is hovering around the 50 per barrel mark which is the lowest its been since april with speculation the Global Oil Glut is not going away. The greek exit from the euro may be back on the table next year. Almost 0. 75 percent of the euro says they will be out of the euro in 2016. The bailout package should be too small. A newspaper and i will his race for the residential nomination. The Des Moines Register calls him names. He commented on immigrants and make comments about john mccain. He has surged into the lead for the republican nomination. A new poll shows he is the favorite of 24 of republicans and those leaning that way. Nike has given Ceo Mark Parker a stock or that is 10 times higher than what usually gets. He has restricted stock with a target of 30 million but he gets it if he stays with nike another five years. The cofounder has endorsed parker to succeed him as chairman next y
Secondquarter revenue, 74. 1 billion. That is the number that we were looking for for revenue. Once again, secondquarter earnings per share one dollar. 74. 1 billion, secondquarter revenue. Scarlet thank you so much for that first read on exxon mobil results. We have alix steel. This is our moment. She is busy looking through all the numbers. This earnings pershare number. Matt versus almost three dollars last year. It is an amazing drop. Alix we do want to hear where the miss actually happened. The common theme for earnings has been production and job cuts. What they do with production is mattering a little less. Can they keep their dividends . Do they have cash flow to cover it . That is the focus. Every quarter, it is usually production, production production. That came in bang in line. Those metrics matter a little more. We are getting a reading on capex comeing in at 8. 3 billion. Scarlet we were talking about production. Why is it significant to meet Production Target . Alix big
Welcome to squawk alley for thursday were at post 9 of the New York Stock Exchange were getting some Oil Inventories in a moment here Hurricane Irma makes its way to florida as a category five storm, slamming into several islands in the caribbean overnight. We have Team Coverage this morning. Wmaq meteorologist is back at hq phil lebeau is in chicago. Lets start with you we have a very strong category 5 hurricane that is going to churn over warm waters and low sheer, those help keep the hurricanes moving at the intensity that they have if you look behind me, you can see a very strong, very wide large hurricane first going to be moving towards turks and cake yoes as it moves forward tonight. Then eventually going to be making it to the southeastern part of the bahamas. And then the eye set on south florida. Still, were watching some questions and some points that we have for you as we move forward in the next few days the potential path as of right now could have this storm moving right
Looking at the spread, the two tens, you would thought it would be flatter, it is steeper. Up 82 basis points and getting a by. 2 percent, longest losing streak for the index since may of 2016, the dollar regains strength. David yesterday Federal Reserve chair janet yellen spoke out saying although she still thought inflation was on its way, the model the fed has been using may be off. Shortfall and inflation is a mystery. As of february of this year, inflation was running just under 2 . Core inflation and then we have had a string of several months in which inflation was unexpectedly low. Dan turuollo has worked alongside janet yellen. Great to have you here. Daniel thank you, david. It has been clear for some time that there is not a working model that on a meeting to meeting basis can give any sort of the size guidance to the fed as to where inflation is headed. People understand directionally that removal of slack from the labor market and the economy more generally will stop pushi
Grasso not bad better looking so nice at this time of the day . No one is better looking at this time of the day. I saw you in makeup need some ice packs you dont need makeup you need a surgeon more powerful than a brush dont we all. We will need something more powerful than water. You guys are Drinking Water hot water with lemon. U. S. Equity futures, markets closed at record highs again dow futures up by 24 points, nasdaq down by a half. I think the zp s p closed up 14t of the last 15 sessions. And picking up steam. The s p 2534 right and were not that far from 23,000 at this point who knows whether we get there 14 , 15 on the dow for the year its supposed to be mid Single Digits thats all we deserve. How long have people been saying the market is overvalued . 2200 you can say more than that it keeps rolling you cant short it. Dont chase this rally. Lets tell but news just out. Pepsico out with earnings. The company is in with much stronger than expected numbers core eps 1. 48 compar