And rh raising guidance. The next test for the tech ipo market today. As we said, oil prices are the one to watch after two oil tankers were the targets of a reported attack. The navy says it is aware of the incident and is assisting the two ships. The exact circumstances are unclear, but it could ratchet up tensions between iran and the united states. Jim, 20 of Global Consumption goes through these are straits. That area could get much hotter. Second, how little we actually oil is up a little bit. Remember, it was down 170 yesterday. I had the privilege of interviewing the dean of the the founder of pioneer. He said we will have a flare up in that area. And its not going to matter. I said when. He goes now. We are pumping so much oil. Do i take it off my screen what happens there . He said yeah. I said thats not possible. He said we are 13 million. We are going to 17 million. Anybody who needs oil, we are now the swing producer. Here we are. Maybe oil should be up more than it was do
Largely in the red you can see other than spain, lets call it even for the uks ftse crude oil also important to keep an eye on, given the moves last week the tenyear yield came off. Still working off a big employment number on friday. Well see if theres follow up to that and theres wti hanging right below 44 lets get to our road map this morning. And it starts with stocks. They are coming off a volatile week that ended in the green were going to take a look what to expect this week ahead of fed chair janet yellen appearing on capitol hill wednesday and thursday and secretary Steve Mnuchin said a plan to raise taxes for the wealthy to pay for middle class tax cuts is not being considered were going to discuss what should be expected, if anything, from the administration when it comes to tax reform. And amazon prime day is upon us. The deals start at 9 00 p. M. Eastern, but will they be big enough to boost the bottom line . Do they really need anything more im gearing up 20 , up 20 . Wha
Managing director walter pryce and pipers tech analyst mike olson. Jon . And apple snapping three straight quarters of falling sales. The company posting betterthanexpected Quarterly Results thanks to its Services Business and the iphone 7 plus. Our josh lipton is at one market with the details. Josh . Well, jon, apple beating on the top and the bottom, driven by more than 78 million iphone units. Apples stock moving higher this morning, hitting highs it hasnt seen since the summer of 2015. Tim cook telling me apple saw more android switchers and upgraders in the december quarter than ever before. And on the conference call, he also touted the companys Services Business. It was our best quarter ever for services with almost 7. 2 billion in revenue. App store customers broke alltime records during the holiday quarter, including 3 billion in purchases in december alone, making it the app stores single best month ever. Now, i also asked cook about President Trumps economic agenda for the
Heavy hitters from both sides of the isle are huddling with the president to talk trade and ttp, Ohio Governor john kasich, mike bloomberg, can they help the lameduck president get it done when both Hillary Clinton and trump hate it. The hottest gadget in america has been on sale for seven hours. These are our cameras, trained on what were very long lines, they have completely thinned out for the iphone 7, what does that mean . On wall street bank stocks down. Dow jones industrial down 96 poingts, a positive finish to the week might be in jeopardy, we will find out in 59 minutes because thats when the closing bell rings. We will start the count down. Liz breaking news this hour. We need to look at wells fargo stock, it is falling about 2 . The pressure is ramping up on both the company and ceo at this hour. The stock is down in part very much because ceo john has to pull out the bag and hit to washington, d. C. Two congressional probes, john has to appear before the Senate Banking comm
Barrel is becoming greater. Well tell you the stocks that could benefit from oil falling that far. Thats coming up in a moment here. A new report says walmart buyers are fighting back against increased fees. Somebody says amazon is to blame for this. Shell explain why coming up. Next week one of the most talkedabout events in financial journalism, the september fed meeting. Our buddy larry kudlow will join us to tell us why he does not think the fed should make a move just yet. Looking forward to that. Lets go to the oil pits first. Jackie deangelis following the action on the back of this big goldman call. 20 a barrel. What impact is it having today . It had a big impact today we settled on the session 1. 29 lower. 44. 63 where wti finished. We were down 2. 5 on the week. Up still 4 on the month. This note today is part of the pressure. Goldman is saying oil is going to stay lower for longer. They are looking at 45 a barrel a year out when they were in the high 50s. It is not their ba