Need and it is energy and tesla, paypal, square a lot to talk about. Your traders are not here. But i still know who they are. And the top story has been Energy Following the killing of the iran general on friday and the last couple sessions, the loss has been wiped out because the world is still awash andoff supplied in the price of oil. Weve been speaking to the biggest names about what is going on and why we did not see a bigger spike weve chatted with ceos of chevron, patterson gti, marathon oil, their first interview in more than five years and pioneer will be airing on Worldwide Exchange tomorrow. Lets talk about oil and gas as well speaking of chevron, that stock fell along with oil. Not just because crude oil fell, but because bank of america and Merrill Lynch downgrading to an underperform so guy, are you surprised at like the question we asked every ceo here that the price of oil has not spiked higher given what happened on friday enjoy yourself down there, thanks for invitin
Right now. Opened with gains but now we are looking at small declines. Not a lot of conviction from investors area they are dealing weh so much at this point, also of course have the influence of central bankers and mario draghi with all of these hurricanes and right now we are looking at unchanged markets and on the week we are also looking at the kleins based on tuesday passed big pullback. Thee was mentioning influence of hurricanes on the financial markets. Lets take a look at those influences. If we take a look at the commodity complex right now, taking a break, its first down day since the department of Energy Report came out. It will be influenced by Hurricane Harvey investors. Gold is trading higher. Orange juice futures are up 3. 5 , getting a big boost ahead of Hurricane Irma potentially hitting florida and the declining complex really getting a hit from the bloomberg dollar index, the u. S. Dollar down for a six day in a row at levels last seen in 2016. Turning to some of th
Agreement to cut Oil Production and russia will not attend the meeting. Saudi officials uploaded the idea of not reaching an agreement at all. Iran says they will produce more, while the iraq minister says hes optimistic. Bearish on bonds. The trump dollar rally is stirring up emergingmarket bearers. The most irish the most bearish for the year, caused by the collapse in Commodity Prices in china. Donald trump announced just this morning he will nominate congressman tom price for health and Human Services secretary, this has retired David Petraeus is considered for secretary of state amid open infighting among who to pick for the posts. That is what you need to know. Will kennedy, managing editor for middle east and africa, coverage of energy, joins us from london. At this hour, what do we know . We know that less than 24 hours from the meeting, there are still significant disagreements among opec leading members. Saudi arabia is insisting iran raise the structure and iran [indiscernib
Low. Kidding, it ist down and today was not a boom day. Alix the fact that retail and apple just got hit was actually kind of impressive. We have to look at coal to look at the damage and that retailers were dealt today. Call was called the worstperforming stock in the s p today and you can really see how bad it was. It is down to its lowest level since 2009. People arent buying apparel, they are not buying clothes, and that has changed the whole retail sector. Macys and gap has their own problems and apple has a similar story. This illustrates really how ugly it was for them today. Low. Y a two year we heard that apples asian suppliers will week and that they really rolled were weaj abeak and that they really rolled over today. It is really anxietyproducing. Joe a little bit of increase in yields across the curve, but not too much going on there. It is sort of quiet like everything else. Scarlet the notable mover in fx was the pound. Actuallymerica had forecast one or two members of t
1 . Take a look at the groups on the move. We still have technology in the red. Care has been lagging. Tech just barely in the red. Materials, consumer staples, utilities are leading some of the gains here. Look, ifnted to take a i may, at what is going on with oil. Because we have also seen the s p track very closely today with oil prices. White yellow, the s p in and you can see clearly what is going on. Around and made a roundtrip. So have oil prices there are concerns about supply constraints in nigeria. But supply in canada has been coming back online. That has been pushing oil around today. In the most toe gains, weve got microsoft higher, exxon mobil also rising with the rebound in oil prices. And amazon. Com on a fiveday winning streak at this point. Percentagewise, some of the winners were looking at today tied to news include monsanto, which might be getting some interest from a buyer of germany to create the Worlds Largest agrichemical company. Ralph lauren beating estimates