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Weekend. Greece wants the bailout talks to be done by early tomorrow at the latest. The key date to watch, folks, august 20th that is when greece has a repayment due to the ecb. And gloomy data on trait inflation. Investors show that beijing is about to roll out more stimulus. And watching oil. Prices falling for six straight weeks. Oil slightly low again. The latest lundberg survey shows gas prices down 11 cents over the past two weeks. That puts the National Average for a regular gallon of gasoline at 2. 71. Gas down 81 cents a gallon from last year. The dow and oil have gone in the exact same direction so thats why stock investors should care about oil. You know, its interesting because weve talked so much about how this is a huge tax cut for consumers. You just mentioned prices at the pumps down 11 cents at the pump over the last few weeks. You keep wondering when that payoff hits. We know what its done for highpaying jobs b ....
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on th ....
And it is compelling. So, i also want to underscore that while investigators are gathering additional evidence on the ground, our understanding of what has already happened in syria is grounded in facts, informed by conscience and guided by common sense. Uncertainty about the possible military action against the Syrian Government is helping lift Oil Prices Near a fivemonth high. And also, some new numbers on the massive california rim wildfire that continues to burn out of control. Crews now have 20 of the fire contained. Thats the good news. But its still fanning out across the mountains in multiple directions, and the forecast calls for strong winds over the next couple of days, so that has some people anxious as well. In the meantime, im going to send it over to kayla with corporate headlines. Kayla . Hey, andrew, its a big morning for earnings, a lot of company news. ....
Hey, jeb bush, polling in double digits. That must feel nice and weird for jeb bush, given how he has been doing in the race thus far. The bush family has a special knack for winning in South Carolina. Both jeb bushs father and his older property have won the South Carolina republican president ial primary twice. One of those campaigns, george b. Bushs knock down drag out slimefest with john mccain in South Carolina in 2000. That is one of the all time most memorable primary races ever. That year, remember, john mccain had pulled off a huge win in New Hampshire in the New Hampshire primary, he was favored to win in South Carolina. South carolina has been alw ....
The coats says the threat is ongoing. Do you agree with in a . I accept them this is what he does, hes been doing a good job. I have tremendous faith in dan coats, and if he says that, i would accept that. I will tell you, though, it better not be. It better not be. I think i did great at the nune frens. I think it was a strong news conference. You have people saying i should have walked up and started screaming in his face. Were living in the real world. Do you think any intelligence agencies, u. S. Intelligence agencies are out to get you . Certainly in the past, its been terrible. You look at brennan, clapper, hayden. You look at comey, certainly i cant have any confidence in the past. But i can have a lot of confidence in the present and future, because its getting to be now where were putting our people in. I guess if President Trump doesnt have a lot of confidence in me, well the feeling is mutual and i consider myself in v ....