stories we re watching this morning starting with oil. wti crude closing higher than brent yesterday. that was the first time of august 2010. watch for inventory data. we ll get that at 10:30 eastern time. and break in the last hour a new report coming up from opec predicting that oil will rise to $95 barrel but only in 24 years. also on tap we get durables goods and personal income and spending and at 10:00 new home sales and consumer sentiment but some of the numbers came earlier when the commerce department released spend dag at a yesterday. we got november consumer spending rising .3% last month. that came in line with forecasts. also apple making it easier to nominate a director but there are restrictions. in a new filing that it put in with the sec the tech giant says it s going to be eligible to make a nomination. a shareholder or a group of the 20 shareholders must hold 3% of shares continuously for three years. so also the good news there is it prevents some of the s
begins right now. good morning again, everybody. welcome back to squawk box here on cnbc first in business worldwide. i m becky quick with brian sullivan. joe and andrew are off today. general motors have announced new recalls with an ignition lock. the number is a relatively small 83,000 vehicles. but it comes after their record year of recalls in 2014. elon musk and his wife are divorcing for a second time. they first married in 2010. they divorced in 2012 and remarried in 2013. and a total of 30 bodies have been recovered from the crash of the airasia flight last weekend. the year is starting off with a loss. former political icon mario cuomo has died at the age of 82. cuomo served as the empire state s governor for three terms from 1983 to 1994. some democrats did push him to run for president. he died just hours after his son andrew cuomo was sworn into his second term as new york governor. the averages closing out 2014 with gains and multi-year winning streaks
seen any innation as judged by the cpi since october. that number is due out at 8:30 eastern time. then later in the morning watch for the housing price index. new home sales and richmond fed survey. st. louis fed president gym bullard is set to start talking in london in a few minutes. in the meantime jon williams is in australia and he is telling economists there that the broad strength of the dollar poses little risk to the u.s. economy. gathering more momentum for what happens when rates start to move he warns of unintended consequences for the economy. given that monetary policy is a blunt instrument it s going to have unintended consequences or effects. the goal for me is just to get the economy back to full employment. get inflation back to 2% and interest rates back up as appropriate back to more normal levels. he will not be composing the music for the new movie. i thought he was. originally he was signed on. he will not. we ll check into that. but i thought
lovers the best that we are getting ready for this show as comet. i started this site china has optional regional tensions with its declaration of a new era defense identification zone over a wide area above the east tennessee us b fifty two bombers have now flown through the area. he gave no advance notice of their flight as china has demanded china did not respond militarily. nhk world the helium a motel has more us defence officials said that to please people. it s great to know flight training they seem cool. indeed two and three. they say the police will call the film was hit by a china including the space with a single client. japan control the china and taiwan clean japan maintains that the single coolest been known to the country. historically and in terms of international role. china has said it may restore its forms. croft entering the film failed to provide identification and fun. but to us. officials said they gave little note and there was no results from china.
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