S p futures off by five. A coalition of middle eastern forces pounding targets for a second day. Oil prices surging after a first roun of military action but right now crude oil prices are falling back down. Down over 2 for wti. Goldman sachs saying the strikes would have little impact on oil supplies because yemen is a small producer of crude but theyre worried about instability in the region. Crude oil prices are backing down. You can see wti is down by just over a dollar. 50. 28. Theres also a straight there with Something Like 4 million its the fourth largest position where oil is being moved through that. Just in trying to understand who is allied and who is not allied its almost impossible at this point and the talks, whether were doing it just to try to diffuse the Nuclear Situation and were not interested in being an ally of iran for some reason were definitely it looks like at least the people over there i heard on the other news networks, it looks to some people theyre not su
Elimination of a single word. Patience. Will the fed lose its patience . Will it stay in the statement . Will it be gone for good . What will it mean . Will it mean another taper tantrum in the markets. Also high on the agenda this morning, everything else. Look at the tenyear note theres the yield at 2. 05. Gold down just a little bit. West texas up just a little bit. And the euro lower. It just takes 1. 06 now to buy a euro. Mandys out. And as i mentioned, sarah joins us from the nyse. As you mentioned, all ten s p sectors are actually red today. Materials, consumer staples, and energy getting hit among the hardest. Bob pisani down here ahead of the fed release tomorrow. Lets talk about those Energy Stocks that made a turnaround. Its very hard to put together two up days. I want to show you the s p 500, where were coming off of the bottoms, but not by too much. Were still in the red. And as sarah mentioned, its energy that you want to watch. Now, this happened yesterday and its happe
You, but educate, teach and coach, so call me or of course tweet me jimkramer. Yeah San Francisco opened its golden gate to us but as exciting as it is to be out here for a special week of shows, unfortunately the market didnt seem to care one whit that we were out here to celebrate the opening of cnbcs brandnew San Francisco bureau. Instead it decided to shoot some of our favorite leaders, especially domestically based companies, and lap up the down and dirty names that have been studiusly avoided for almost the entire year. Thats why the dow ultimately dipped, the s p declined and the nasdaq lost 0. 63 . The question is do we merely have a contrary day on our hands . Or is this some sort of new setup setup. Are we gripped with some sort of sea change . Or is this the same sucker rally in the beaten down commodity stocks that we have seen time and again after theyve been pushed down to the point where they can spring back regardless of the underlying fundamentals we scratch our heads
Alzheimers disease. Call your attention to one stock. Those would be the shares of biojin right now up 7 . Up 30 in the past three months at alltime highs now after releasing very encouraging data on an experimental alzheimers drug. Telling us about it at this time yesterday and shes now back with more detail. Hi, meg. Hi tyler. Incredibly High Expectations for this drug leading into today and analysts say biogin met and exceeded them. Shocking investors saying the medicine appeared to slow the cognitive declines associated with alzheimers and today how well the drug appeared to work both on memory loss and clearing of the am lloydoidloyd plaqued that build up in the brain. Next step, find balance between safety and efficacy. Results of early. Doctors are encouraged and important to note the drug was tested in patients at very early stages of alzheimers disease who might benefit if it reach ares the market. Next the Company Moves the drug quickly into a phase three study jumping over t
Downgrade, and Disney Cinderella casts a spell at the box office, but btig stepping in the role of the evil stepmother cutting to neutral after a volatile week on wall street the euro near 12year lows. A lot going on. A lot to watch. Yeah. I was kind of hoping that this would be a nonentity week because theres not a lot of companies reporting. But the companies that do report tend to be very big, like nike fedex. Fedex giving you a view of the economy on the same day that the fed speaks. And oil trading at levels that are worrisome to some, not me. But it just turns out theres just no quiet weeks anymore. And we start off with a rally, it looks like that is like from where . From where . I dont know. The dollar for 30 seconds didnt go down . I mean, didnt go up against the euro . The euro carl it trades erratically in the middle of the night. Yes. Right off the bat last night. Fell straight below 44. And i just find myself riveted because it must be so thin. And the dollar shoots up on