As Iraqi Forces Advance on kir kuk. Road m as we kick off a busy week for earnings. Plus a win for workers, the white house pitching the tax cut plan countering democratic criticism and seeing middle class americans would see incomes rise. Eye on subs, netflix after the bell and is expected to hit another record today stocks are looking to hit record highs, dow and s p 500 coming off five straight weeks of gains. Yellen saying the ongoing strength will warrant a gradual increase in rates. Meantime oil prices are higher this fighting between iraqi and Kurdish Fighting escalating and wti up almost a buck. 600,000 barrels in play and you also have to believe the area being destabilized has made it at least for a couple of days you get over 50. Ive got to tell you, ive got at least a dozen Oil Companies i monday ter that will be in there selling again today. They have to sell because they are exceeding their cash flow. So when you see 52, you need to see a breakout to like 56 to realize th
Host it is good to have you with us. Les President Donald Trump responded to the new york truck attacked by calling for a crackdown on immigration. He specifically called for an end to the green card lottery scheme and says immigration should be based on merit in the future. Pres. Trump this man that came in, or whatever you want to call him, brought in with him other people. He was the point of contact the primary point of contact and this is preliminarily, for 23 people that potentially came in with him and that is not acceptable. We want to get rid of chain migration, and we wanted to do that for a long time. I have been wanting to do that for a long time. We will ask congress to work on that immediately. Host that was the u. S. President there. Police in the u. S. Have named the man suspected of driving the truck. Shhe is a 29yearold from uzbekistan. He was shot yesterday by police and is currently being treated b and a nearby hospital. He drove along the hudson river, plowing into
Good morning. Im mike santoli today in for wilfred frost. Lets get to the markets. Glad to have you today. A lot going on. U. S. Equity futures after a record close did not take much yesterday, but the s p and nasdaq finished at record levels. Dow futures are looking up more than 10 points this early morning. S p futures up a half point. Nasdaq futures up almost 2. As for the tenyear treasury note yield. Yields ticked a bit higher that boosted the dollar a bit. Still were hovering below 2. 40 on the tenyear. I guess thats an improvement from the 2. 30 level from last week. Its grinding slowly higher like the equity markets. Asian equities overnight, generally a mixed picture. We have the markets in south korea closed as they elect a new president. Japan was down, hang seng was up. The korean vote comes after the former leader was ousted on briarry charges. Polls close there at 7 00 a. M. Eastern time, in a couple hours. A live report in a few minutes. We have a chart issue. Why dont we
Flat. The ftse is down by 0. 1 in italy. Crude was the big story yesterday. Wpi this morning is up once again by 1. 6 . Gain of 77 cents to 48. 10. This comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the United States. Now lets talk about todays corporate story. Shares of snap plunging after the Company Released its first report since going public. Snap missed on the top and bottom lines. The company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebooks insta fwram and tgram and the s feature. Heres what evan spiegel had to say about competition on that call. People will copy your product if you make great stuff. When google came along, everybody felt they need a search strategy. When facebook came along, everybody felt they needed a social strategy. With snap, we believe everybody will d
Citizens . We begin this morning with a look at todays eye yoo, your world in 90 seconds. It is powerball. Someone in massachusetts is about to get paid a lot. The bay state is balling. One winner cashes in on the Powerball Jackpot. The largist won by a single tick net north america ever. We have no division too deep for us to heal. President trump plays it cool during a speech in reno, nevada. And then the night before we saw the real trump, a man that is totally out of control. Its a big deal and scares a lot of people. Tropical storm harvey is headed towards the texas gulf coast and could become a hurricane before it makes landfall sometime tomorrow. It is not good news for them. Some significant flooding is expected. Concert by an american rock band canceled in the netherlands because of warnings abouten an unspes tied terror threat. People rallied in support of Colin Kaepernick. Is this owners coming together and saying this guy is a troublemaker . Might be collusion. Confederate