Barrel yet again. It is a multimonth low, down another bit. And certainly today while its up 1. 5 , the question is what is the selling point of the Iran Nuclear Deal beyond low oil . Because iran will flood the market with oil it has on its land. The Obama Administration on the Charm Offensive this hour trying to work on other points here to sell. The president expected to make his Iran Nuclear Deal pitch to major American Jewish Community Leaders in less than 90 minutes. This after israeli Prime Minister Benjamin Netanyahu made his case against the deal to the same group. Wrapping up a questionandanswer session just over an hour ago. Now, secretary of state john kerry making his case on iran to americas gulf arab allies yesterday. He actually got an endorsement from the nations of the gulf cooperation council. Kerry forging ahead today on his international tour, pushing this deal, visiting singapore, depressed asian nations on support for the president s free trade deal as well. Nego
Since december. A big day for housing. Well get new home sales in an hour. After an historic day which saw the dow fall minutes into the trading session before closing down 588, futures are serging. Chinas central bank announced its lowering the Bank Reserve Requirements by. 5 . Its the fifth time in nine months theyve done this. The question is what are we going to get out of it . I thought the more important story than the cuts of rates is that maybe theyve stopped the game of trying to prop up individual stocks. The stocks are just not companies that you would theyre buying sock pickup truck. Theyre buying web van. And i think whats going on is this may represent a more serious attempt by the Chinese Communist party to put people to work or something. They could spend their money fixing the sewer systems. Maybe theyll start doing serious work to help their economy. Does that mean today is your chance to get out, to sell your least favorite names . Yes. I have to tell you, when i see
You can see . Morning the nasdaq is indicated higher by about 22 points. Nearing correction territory. Wti trading up about 3 . A pop of 1. 34 to 45. 12. Among the reasons for the surge in prices escalated fighting in libya thats disrupted production there. Some canadian pipelines shut down as the precaution after a wild fire shut down the oil city of forth mcmurray in canada. Weekly jobless claims forecast. James bullard is in Southern California today to speak about the economy and monetary policy. And alibaba and merck reporting results before the opening bell and also news corp, square and gopro after the close. And dont miss an exclusive interview with John Williams. That happens this afternoon at 1 40 p. M. On power lunch. Bullard an here a lot. He comes here a lot. If he wants to Say Something. He could some here and thats it. So many approximate of them the time that the if they really want to Say Something to us. Come here and do it. Else were not going to cover it. Fitbit Fir
8 30 a. M. , the allimportant must Pay Attention cti. We are paying attention to the inflation rate. 945 a. M. , Bloomberg Consumer comfort. Doing what mortgage shes was that we have earnings before the bell. Walmart and toms favorite shoes crocs. After the bell, nordstrom, hewlettpackard, and groupon. Rogers moment. It matches your iphone cover. They do. I have got my girl iphone cover here. It goes with my pink crocs. Lets do a pink data check. Were looking at equities, bonds, currencies, commodities. Futures negative two, yield comeback. There is a relaxation of from the tragedy we see in kiev, we 2. 72. 2. 68 back to nymex crude still elevated above 103. More in surveillance today. The ruble, two measurements dollar ruble and the ruble basket, which is a mix of euro and dollars. That is with the pros look out. 41 70 four cents. And there is nymex crude front and center with the Ukrainian Oil hub in the pipeline. Heres a chargt on inflation. A core ablation number. That recent disin
This is a big week for the economy. We are also talking about mideast which is a huge topic in d. C. Today. We have Nicole Petallides on the floor of the New York Stock Exchange to start us oof. Nicole we are seeing a market that is under a little bit of pressure. We have had five straight weeks of gains on the dow. You did mention some of the names that are weighing on the dow. Two huge groups that really weigh on the market today. Financials and energy. Also, chevron and exxon are weighing on the dow. You are seeing energy as a laborer as well. Johnson johnson actually hitting a new high today. A new 52 week high. Wells fargo said you should buy the shares at the current level. With this, the stock is up about one third of 1 . Back to you. Connell more to come from new coal. President obama said his treasury secretary onto a sunday talk show. Clearly trying to shift the focus. He had a little trouble in doing that. Watch this. This is supposedly behind us. It has been more than two m