And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right
When people feel fear, they rush for safety. We had the yield on the tenyear below 2130 earlier today. Selling of stocks across the board. The dow down 117 points off just slightly yesterday. That is half of 1 . The biggest and hardest it is then not back down almost 1 this hour. In europe, losses across the board as well. Heavy selling in england, france, germany being the hardest hit, 1. 5 right now. Asia overnight, markets mostly lower. All of that and so much more coming up this morning. With me all morning long, fox news correspondent lee gabriel. Wall street economics editor Jon Hilsenrath and democratic strategist michael star hopkins. Welcome one and all. To you first come of this missile test is not the first time north korea has shot a missile over japan, but again, this is a different situation given the fact we know that its nukes have been miniaturized. Absolutely. The last time was in 2009. They said it was a satellite they are launching them. This basically into three pi
Self driving cars, driver using autopilot in a tesla model s. Not only big for travel but the big friendly giant among movies hitting theaters, a preview of the weekends top movies. So much for the selloff in the weeks of the british vote to leave the European Union. The tao and the s p 500 have recovered nearly all the losses from that vote. Look at the action this morning, futures in the us point to a slightly lower open off one 4 , futures down 39 points. In europe we are watching markets trade in positive territory although mixed trading we have seen for most of the session. The cac quarante in france, the for the in london up 3 10 of 1 . Markets are higher and the hang seng closed for trading today. Green arrows across the board. All of that coming up and there she is, foxbusiness networks Dagan Mcdowell is here, professor of business and economics and radio talkshow host daniel webb. This is going to be good stuff. Good to have you here. You see richard and david next to each oth
Coming up, two guys who are facing off each other in the ring when it comes to puerto rico. Jim millsteen, renowned restructuring attorney, advising puerto rico. Well talk to him about puerto rico. He was at treasury during the financial crisis. Knows a lot about that is go on with the European Banking system. Well discuss that with him as well. And ambac could lose a lot of money if jim millsteen gets his way. Well talk about that coming up. What is happening in puerto rico, guys, emblematic of what is happening in the world. Too much debt that people, governments, companies, cant pay back. Tyler, back to you. Thank you very much. Enjoy the warm weather down there. About 22 up here in englewood cliffs. Janet yellen getting grilled on capitol hill. The verb we always use when somebody goes up on capitol hill it seems, saying negative rates are not off the table. Lots of red numbers right now. Lets look at the dow, which is off by 322 points, not the lows of the day, but nevertheless, b
Month and the quarter, lets head over to the markets desk where Bloombergs Julie Hyman is there. Julie it has been an eventful quarter, the shaped quarter with stocks falling initially through midfebruary and then rebounding sharply through now. At the moment, the s p and the to little change, the dow the down side, yeartodate, as we now the s p and dow have solidified their gains of the s p getting a little closer to 1 gain, the nasdaq remains the lag guardian the year even as large cap tech has been part of the rebound story thus far. Look at the monthly performance, this looks at the monthly performance of the s p 500. Were looking at the biggest monthly jump since october, but also the second largest month that we have seen going back to the end of 2011. This magnitude of an increase is relatively unusual. Now, that said, the increase that we have seen in stocks has been on relatively low volume and, of course, on very low volatility. We heard talk of that in the last hour. The yea