And im dominic chu sitting in for wilfred frost this morning. U. S. Stocks are on their strongest threeday rally since the turmoil in august. The dow and the s p up more than 5 , the nasdaq gaining around 6. 5 . This is the First Time Since october of 2011 that the s p 500 has rallied at least 1 in three straight sessions. U. S. Equity futures right now pointing to what could be perhaps a little bit more of a modest pause well call it. Its early. Were not really moving anywhere. The s p, dow, and nasdaq relatively flat as we approach this mornings session. So again, sara, an interesting move overall. Threeday rally. Taking a bit of a pause for right now. Oil, of course, still a big story. We got to watch oil prices very closely this morning. Theyve been part of the story of strong stocks in the last few days. Wti crude well above 31 a barrel. Brent, the International Bench mark, up almost 1. 5 at 35 a barrel. Wti, which trades here over the last three days, is up 17 . Yes, its got a lo
Begins with walmart taking a hit after the company cut its Sales Outlook for the year. The ceo is saying theyre on firm grounds in the United States. Another component on the move, ibm getting an upgrade at Morgan Stanley. Just the beginning ever apples battle for privacy. Number of ceos weighing in, including google. Walmart, a Fourth Quarter, 149, beats estimates, but revenue u. S. Compss to a stronger dollar, store closures and battles theyre fighting in places like brazil. Now, look, maybe they felt like they had to cool expectations. Its just an under promise, i dont know. The outlook, first quarter, 1780, the eps for fiscal year 2017, 4 to 430 versus 17 consensus, revenue flat . Versus plus three or four. Although they say if not 44 in 3 to 4 . Is that an excuse or not . Geez, i dont know. Maybe the 6062, but i think it ran to 66, because there was a whisper there was a turn this corner and not just that it was in line, but a turn. Im a believer of what hes trying to do. But if w
A couple of questions that are important to dig into when you look at these numbers. The question of course what happened with u. S. Production, just under that level last week. Three weeks of declines in a row. We want to see if that continues. We did have the comments from the uae oil minister saying that oil prices are going to force production freezes. Thats a jab at iran here. A couple of reasons that you could see support for these. Back to you. Thank you for that. Its 8 00 a. M. At apple headquaters. Its 11 00 a. M. On wall street and squawk alley is live. Good thursday morning. Welcome to squawk alley. And along with Business Insider ceo. Its good to have you back. And its google ceo supporting inkripgs on a series of tweets. We build secure products to keep your Information Safe and we give Law Enforcement access today at a based on valid legal orders but thats wholly different than requiring companies to enable hacking of customer devices and data. This has been kicked around
October 2011 that the s p 500 has rallied at least 1 in three consecutive sessions. U. S. Equity futures at this hour, the dow opening higher. S p would open about five points higher. Among our other top stories this morning, were watching oil prices very closely. Brent has been above 35 a bar reversal. Wti above 31. That, of course, as we know can change depending on whatever these ministers that are participating in opec like to say. The late etc. Development, iran said it would support joint efforts by Top Oil Producers to stabilize prices. The market had been waiting to see where iran would come down on that. It did stop sort of committing to those output curbs. St. Louis fed president making headlines. Hes been a prominent advocate of higher Interest Rates. In a speech yesterday, he said it would be unwise to move any further, citing weak inflation and global volatility. Bullard said he wouldnt be comfortable with further hikes until the downward inflation trend reverses. Hes a Vo
Happy friday and welcome to squawk alley. Working on her fourth hour of television. Its friday luckily. It is friday. First up today tired of shelling out hundreds of dollars a year to rent that cable box . Federal regulators seeking to increase competition and choice. Voting to adopt a proposal that will let people swap out those boxes for cheaper apps for Companies Like google. Its good to have you back. Good morning to you. Good morning. Party lines really didnt surprise anybody. But what was the remedy in your view. The descenting view. Its not to introduce a number of boxes into consumers homes. And get rid of the box entirely and let an app convert any tablet or laptop or smartphone into a navigation device. Thats the future to me. Right now though, the situation at home is clunky, its cumbersome. Your view it seems is hey this problem is solving itself. This will take three years to actually hash it out. I dont like having the cable box and the apple tv box and the amazon Fire T