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CNBC Squawk Box May 25, 2016

The cac in france up by better than 1 . Ftse higher as well, 0. 7 . Crude oil prices raiding near sevenmonth highs. Check this out up another 1 to 49. 07. Getting back to 50 a barrel. The gains that came yesterday, showed that u. S. Crude stocks dropped by 5. 1 million barrels. Double than what was expected. Well get the eia figures later today. Lets get you to other big stories. St. Louis fed president jim bullard saying june rate hike isnt set in stone. Arguing that labor data suggests its time to pull the trigger. Obviously, weve tried to be dat datadependent. I dont think theres any reason to prejudge the june meeting. We can wait until we get to the meeting and judge the data there. I think on the issue of press conferences we have made many moves over the years without press conferences so i think we could make a move without a press conference in it this circumstance. As for the risk of brexit and the chance that the uk could vote the uk vote could give the fed some pause, bulla ....

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CNBC Worldwide Exchange May 25, 2016

And im wilfred frost. Good morning from me as well. Lets bring you up to speed on the market. Action a very strong rally yesterday. The nasdaq up over 2 . Two others up 1 as well. The dow called higher by 76 points. S p by 10, nasdaq by 24. Just high of half of a percent for most of these indices. Of course, yesterdays rallies very strong, but not on the high of the of volumes. Nonetheless, quite surprising to see it particularly on the day when the dollar was strong as well. Of course, stronger data pushing back on expectations that june and july are very much in play for the fed. Lets have a look at oil prices. They are part of the rally as well. We saw oil up about a percent. Were up another percent and a quarter today. 49. 2 for wti, close to the 50 mark. Lets get a check at Global Markets following overnight from asia. The nikkei shrugging off sort of disappointing news from individual stock owners. 1. 6 . The weaker yen on t ....

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