In the might be team take a look at what happened overnight in asia. Right now, asia closed up just slightly. The shanghai comp was down slightly. The hang sang up. 30 . Europe in the the early trading right now. See red arrows across the board. These are declines. Pretty mad rat. Basically a quarter percentage point decline across the board. If you check out crude oil prices big thing to watch yesterday. Crude oil up jed yesterday. Biggest jump in five months. After we saw that confirmation of the drawdown that had been suggested the night before, you see right now wti giving back a little gain. Decline of. 51. Breaking news out of north korea overnight that could be ralting markets this morning. The country claiming to have successfully tested a Nuclear War Head in what may have been most powerful detonation ever. South korean said it was the fifth test and had the impact of a ten killton explosion. President obama was briefed on that test aboard air force one. He said any provocativ
Between donald trump and his rivals. A lot of attacks too. Before we get to todays other business headline wes have a developing story for you. A major magnitude 8. 3 earthquake off the coast of chile shaking the country leaving 3 people dead. Waves of up to 15 feet pounding coastal areas. A billion people evacuated. This quake was to powerful that it was felt across the continent. Well tell you more about this as we continue to follow the story through the morning. Lets tell you about the big business stories that were watching. The Global Markets are in a wait and see mode ahead of the fed decision. That comes at 2 00 eastern. You wont want to miss it. It tint stop another volatile trading session in china overnight. The shanghai composite closing down with those losses coming in the final 30 minutes. In europe the Swiss National bank keeping it unchanged but if needed it will remain active in the currency market to weaken what it calls a significantly overvalued swiss frank and then
S p up by 8. The big headline we should tell you about, the biggest, of course, joe was making a joke before it began. We wont make that joke on air. Pfizer in talks with the wall street journal, with allergan. It would be a blockbuster deal if this were to take place. You are arguing whether there are synergies. There are definitely synergies. It is basically taking the marketing machine. I know where youre going with this. A marketing machine that is pfizer and allergan. The real issue is whether the regulators would allow this. Both stocks indicated higher. It continues with the trend we have seen about the Companies Even trading higher. What would regulators see here that would i dont see what market youre trying to corner. Its not me. Youre going to use your helmet equation again . What is that . Thats eurequation. You know all about that garner share. Matt meantime, back to the debates. Two rounds with the gop feel. Senator Lindsey Graham stole the show. Then frontrunners ben car
A mix of snow, sleet and flooding hitting a large swath of the northwest and now the great lakes to the Southern Plains could be blanketed by the storm. More in just a bit. A shortened trading week on wall street today. The closing bell is set to ring at 1 00 eastern time today. Dow futures up by 30 points. S p futures up by just over 4 points and the nasdaq is up by 20. Beyond retail theres other stories this morning. Russia looking to retaliate against turkey. Moscow plans to cut economic ties and cancel major investment projects. More from our colleague in russia in about 20 minutes. The e. Coli outbreak has been traced to a tainted celery and onion mix used in it. And a lawsuit raising all kinds of questions about media mogul sumner redstone. Hes described as mentally vacant and prone to uncontrollable crying spells. The woman was chose on the make Health Care Decisions for him if he was not able to until the billionaire removed her in a new agreement in october. Member through a H
And this morning the iea says it sees the oil glut worsening. The big reason, demand growth now is slowing while opecs out look continues to boom the ieac Global Market is supplied until at least the end of next year. Wti with 36 and change down another 1 . Even brent at 39 and natural gas, look at that, below the 2 mark. We were you messed it up yesterday. Halftime report we were up like 150 or something . Almost 200. Almost 200. We ended up, up 80. What did you do . Which guy was it do you think . Were you on the show. They were both there. Could have been either one. Or could have been each. But, you know what i think honestly what did happen, oil got weaker and weaker and in the old days if oil went down, it was party. Sit that people think its not as slower or. What is it . The iea saying its demand and not supply. Last two weeks we decided it was all supply. Every guy we had on said it was supply. Maybe its just that the shorts out there in the market are just leaning on it becau