Morning. Education secretary rick perry calling it a deliberate attack on the Global Economy. Plus oxycontin maker, pharma filing for bankruptcy this morning. First up, though, a series of attacks on two of the Worlds Largest Oil Facilities in the news the u. S. Is rejecting that notion saying the scope and the precision of the attack suggests the launch was made by the houthis but, in fact, originated by iran. Iran calling the claims baseless and unacceptable guys, weve been talking all year long about what it could take to produce a true supply shock. I think theyll come back 5. 7 Million Barrels. Look theres a temporary inability to get permian oil. You can only ship so much. You have one harbor who can handle it, two others. Corpus christi not yet i guess what im saying it cant. Were pumping too much and it does remind you if we had even more pipelines, we could just turn the spigot on its not the Strategic Petroleum reserve. Its the permian. There are a lot of key questions. One,
ten-year s popped to a little past 183 after the big of the sell off sell-off for bonds oil up 19% in the last four days. ahead of the jobs report friday. adp, lighter than estimates. it is official staples buying office depot, $6.3 billion. an office supply giant created but questions on antitrust. earnings from gm disney chipotle stocks making big moves in the premark. futures falling, the morning after the rally which the dow jumped 305. s&p nearly wiped out all of last month s prices. oil prices pulling back following surge. wti crude above 53. ahead of the jobs numbers friday. adp said private sector added 213,000 jobs in january, below forecast although december payrolls were revised higher just another macro data point that failed to impress, at least, markedly to the upside. eurozone retail numbers third straight best in seven years chinese stimulus program, very real. i m absolutely convinced, once again, the reason we ve been having this rally is because of