If it did indicate still in the air. Chinas shanghai composite closing down half of 1 good cheryl in europe and the sox opened up higher this morning. As you can see the ftse turning a little bit lower after the terror attack in london saturday pizza for 1017, and here substantially higher within one and a quarter . Lauren the price of Oil Prices Jump in about three of 1 after saudi arabia come in egypt, bothering and uae cut ties with qatar. Oil 48. 2 a barrel. Train to looking oil this morning. Apple may unveil a rival to amazon. Co digital amazon. Co Digital Assistants and a speaker to be used with syria. The stock was at the downgrade. We will tell you about it. Lauren said kerry had a tripledouble over the Cleveland Cavaliers in the nba finals last night. In baseball, toronto rallied late is in the long to meet the new york yankees. Trade 25 01 a. M. In new york. It is new york. In his monday commission phase. We would like to welcome you to fbn am, your first look at morning mark
Last week. Selloffs outweigh bids by 600 to one haidi . Toshiba said to be near a winner. Incj are ahead in the field. Rishaad hong kong want to ensure it does not miss out on the next big thing. A reading on house prices in china. We are seeing pier 1 city house prices just inexorably rise. We have had this absolute runup of late. Expecteing how you bad loans at the same time. Nonperforming loans. Quite the reverse since march orer december of march december of 2015. People are not getting themselves into huge amount of debt. We have those numbers coming out in about half an hour. Haidi always interesting to look at that breakdown between the big cities and the second, third, or even fourth tiered cities. This is a recovery we have been seeing it we are watching policymakers potential reaction. It is a big week for china. We are expecting msci, their decision on whether chinese equities will be added to their global indices. If they do, it will be fourtime finally lucky. Huge implicat
On the white house is part when it comes to this legislation . We saw the white house on the fence as to whether President Trump was going to sign it for a while. How has he come around to this legislation . Kevin they have said they are going to sign this russia, iran, north korea sanctions bill. It passed nearly unanimously out of the senate and the got to the house. The white house is working with house leadership to tweak versions of this bill from their perspective that would not hurt u. S. Businesses. Now the Russia Companies that were named on this sanctions list, if the u. S. Has some type of business arrangement with some of those businesses or do deals with them up to a one third threshold, they will be able to continue. M putin has already responded to this and he has kicked out essentially two thirds of u. S. Diplomats who are in russia to get out as a response to the Republicancontrolled Congress doing this piece of legislation. Was fascinating is that the Republicancontro
The story of a neighbors collapse. Venezuela massive street demonstrations, three dead. The socialist president maduro says the time for come back has arrived. Its destabilizing the region. What should america do . Send in the marines, send food . Let them sort it out themselves . Were on it, and what exactly are we allowed to smoke. On the day that new york city bans Tobacco Sales in some stores and tries to put up the pack of cigarettes to 13, thousands of people will light up a joint in public. Its marijuana day, 420. Come to this, tobacco increasingly expensive and outlawed and marijuana increasingly accepted and getting cheaper. Varney company is about to begin. A disintegration of venezuela, once a wealthy country, sitting on the biggest oil reserves in the hemisphere, now a socialist dictatorship and falling into anarchy. Look at that. Emack, whats this about the seizure of a General Motors plant. Liz yeah, affecting 2700 workers. The judiciary in venezuela took the factory and
A close eye on oil. Oil right now down 4 , managing to hang on by its fingernails above 31 bucks a barrel. As oil has fallen, so too is gasoline prices. You dont need us to tell you that. You see it every day, aaa says its now a buck 72. Over the last year, everybody said those lone gas prices will give a huge boost to the consumer spend. So far, nearly everyone has been wrong. They havent added it. Jack allen says thats about to Securities Exchange commission. He is here. Jack, welcome. All right a. Twoparter, one part is not enough for a man of your intellect. Number one, why do you believe low gas will finally translate into better consume were spending . Number two, if are you right, how do you profit from it . No, i think youre right, its been this coil. Whats happened is that just like the fed policy has really hasnt worked, households are taking this, the pump savings and using it to pay down debt and, you nope the baby boomers that were the big debt buyers or the debt holders i