Inflexion point. Given everything thats in front of us, whether its the election, possible fed hike, and the uncertainty around that, how do the markets look to you today . I think you have to look at what market youre talking about. Lets stick to the u. S. Market. Lets say u. S. Stock market. S p 500. Probably 2140 somethingish at the moment. I think you have a lot of hawks on the fomc. I think a lot of them are stepping off. Its either december or not happening. I think theyre going to raise. I think its okay raise. Ive said this before. People often get so nervous about something happening. Everybody adjusts anyways. The great thing about the u. S. Move is we have inflation. Thats good compared to what the rest of the world is facing. Deflation environment. Expectations for the suts 2. 2 . Thats good. Highest of all these big countries. Growth 2. 2 expected next year. Not cheap. Not super expensive. I think the key is find opportunities, find alpha, find individual stocks, find indi
Bazos. Chairs of intrexon down. The company ceo will join us live to respond on the back of their earnings, too. Thats coming up. Lets get to whats behind this selloff. Mike santolli joins us. There was nothing too specific in terms of news but all day the markets traded a bit heavy. I think you want to point to the flattening of the treasury yield curve. Rick santelli has been talking about all day. Twoyear yield is up. Longer terms are down. Thats a slow growth signal. Also a signal the market is sniffing out the strong retail sales data along with the good jolt of Employment Data this week maybe puts the fed back in play. Fed speakers have been trying to focus the market on two more fed rate hikes later this year. Meantime, the market doesnt feel as though the growth picture is all that strong. Maybe thats what we can infer. Thats hurting financials. You mentioned, bill, the staples were one of the losing groups today. Thats an overbought sector. People have been piling in. I would
Bringing you the latest poll results. And apple involved in a patent fight in china over the iphone 6. But the status of the company that holds the chinese pat nlt may actually surprise you. We have new details on that. And a rare interview with vice ceo shane smith. Well play that for you coming up. Starting with this story of elon musks tesla making the bid for elon musks solar city. Phil lebeau has the latest comments. Take a look at shares of tesla and what happened once they announced this deal yesterday. And whats happened today with shares of tesla once the second solar city bid was announced. There you see it right there. Down more than 10 . When you take a look at this deal, what a lot of people are still trying to wrap their heads around is why this has to happen. Why are there synergies there. Solar city, a company that is cash flow negative. Is not profitable. As the 2. 8 billion deal that elon musk says will have a lot of synergies built in to allow this company, tesla to
Worldwide exchange begins right now. Darlin youve got to let me know good morning. And welcome to a special presentation of Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost, we are live in london just across the river thames from the houses of parliament. The Financial Times poll of polls gives the remain camp a two point lead. The latest betting odds also favor remain. The implied possibility is 77 . Weather undoubtedly will be a big factor. It has improved here in london overnight. It was pouring with rain, and severe flooding still in the south of england. Weather expected to get worse again later today especially up in scotland. And the polls stay open till 10 00 p. M. Uk time. Polls have been all over the place. Our other guests of the morning. Stewart wheeler. Hes been a Major Political donor of the antieuropean movement. 5 30 a. M. Eastern. An tole clet ski. And and were seeing markets rally around the globe. U. S. Extend futures showing solid gains here in the ea
I will choose the u. S. Dollar, pulling back after the fed minutes yesterday and also investors pushing out the odds of the Federal Reserve rates. It is now done around three or sent from its most recent highs that it reached in july and yes, we are seeing the oil winning streak continue up for the sixth straight session. Wti trading above 48 per barrel. Opec meeting the expectations next month, also a part of it. We have been on an incredible roller coaster when it comes to oil prices. Take a look at a oneyear chart. Chart and mapped the top and bottom changes we have seen. From october to february, 95 rebound from february to this summer, a 20 rebound most recently. We have an incredible zigzag and you see the most recent zigzag is compressed in terms of time. On august 2 that oil reached its shortterm low and reentered the bear market. Are not seeing a lot of change. Stocks are bouncing around a lot of tight range today. The s p gaining a little theme, the nasdaq as well. Energy sha