So tastes like a guinness. A little early. Im Andrew Ross Sorkin. Joe kernen is here becky has the day off. A lot of news to get to. Dow up about 26 points nasdaq up about 5, s p 500 up about 2 1 2. Lets show you overnight in a a asia, green arrows across the board. And european equities well also show you, its green, green, green. And if youre buying wti crude by the barrel, oil is moving higher on news of a sharp drop in u. S. Oil supplies wti crude right now at 48. 29 today well get an Interest Rate decision from the fed this afternoon. Wall street is widely expecting policymakers to keep rates unchanged. Big focus is what the fed says about inflation. Well have full coverage beginning at 2 00 pchl we have 175 s p 500 Companies Reporting this week. Today its boeing, cocacola, ford and among all the names youre seeing there. But well get that before the opening bell and then we hear from facebook, gilead, whole foods after the close. And viacom looking to make a cash bid discovery al
Doppler 7. This is just in between the storm systems. As you take a look here, light showers. Were seeing wet roadways. Very light returns around grizzly peak boulevard. The last couple hours ive been watching lightning developing off the coast. Its obviously well off the coast and its died down. Unstable atmosphere, cant rule out a storm going into tomorrow morning. Theres a trough of low pressure here. This is the system that is going to bring in more moderate pockets of rain, on our storm impact scale, its a light system, tonight through tomorrow. Potential for more flooding as rainfalls on saturated grounds. Cresting at 37. 6 feet. Low flood stage by tomorrow afternoon. We have Flood Warnings until tomorrow afternoon. And parts of the south bay under the Flood Warning until tomorrow morning, and tomorrow afternoon. Unusually high tides will continue to bring in the potential for low lying flooding, we have a Coastal Flood Advisory until noon tomorrow. When will you get a break . Il
Like exxon, chevron, and pretty much nearly every other oil stock out there. Lets find out the reason and get to Jackie Deangelis at the nymex. Thats exactly right. Near 7 increase in oil prices on the day today. Remember, this is after the seesaw week here and, of course, we are near session highs at this point. Some buying the dip here, some technical buying, driving the price higher, but there is fundamental strength to because traders are looking at numbers out there, not just from the u. S. , but also in europe and taking them with a positive tone. Look at u. S. Production over the month of march. Ive got the numbers for you. A million barrel per day decline here in the United States, were just over 9 million as of april 1st. Next week could be that inflexion point where we drop under that level. Remember, this is down from 9. 6 Million Barrels june last year, so significant drop here. Those rig count declines that were going to hear about later in the hour starting to maybe have
Oscar hints were getting after surprise wins in the movies category. Its monday, january 11th. From abc news, this is world news now. We do say good morning on this monday. Im kendis gibson. And you i think i i know who you are. So many women in between since ive been gone. Like a typical weekend for me except not. Oh, boy. Goodness. Yeah. Theres been lots going on throughout the last couple of days, throughout the weekend. Pop culture meeting the world of high crime and drama in mexico. I knew his to cut it off. My husband and i were feasting off of this Rolling Stones penn. My 5yearold asked, mommy, do you think that el chapo was a good sharer. Obsessing all sunday. Time to stop. Its crossed so many layers. Thats where we do start this morning. The big interview with sean penn and Joaquin El Chapo guzman. Sean penn drawing criticism for keeping his whereabouts a secret. Matt guttman is in mexico where the process has begun to bring el chapo to the u. S. Reporter that staged handshake
The worries about chinas economy are again weighing down the stock market. Chinas Main Exchange has been off as much as 2. 5 . Early indications are u. S. Markets may follow suit. Those are some of our top stories on this monday, january 11th. From abc news, this is world news now. Good morning, everyone, we begin with the sad news from london breaking overnight. David bowies death at the age of 69. It really did come as a shock in the overnight hours. Known for his many styles and colorful costumes, bowie had been fighting cancer. His death comes days after his birthday. We get a look back now from bbcs mark radcliffe. The last show that well ever do. Reporter when bowie made this announcement in 1973, many in the audience assumed he was quitting music. It was only his alter ego ziggy stardust who bowed out that night. This is Ground Control to major tom reporter it was just the first in a series of changes and personas which would entrance and bewilder fans. Born david jones in south