the nasdaq up by 19. let s look at what happened overnight in asia. the nikkei was up by 1.2%. hang seng was up sharply it was up by 1.4%. the shanghai was up by 0.7%. in europe, the early trading that s taking place there, you will see a mixed picture the cac and the ftse both down by a third of a percentage point. dax is flat. stocks are higher in italy and weaker in spain. then in the treasury market, if you want to check things out, the ten-year actually staying at 2.045% president trump arriving in osaka, japan moments ago just as the wall street journal came out with a report suggesting that progress on a trade deal kayla tausche is there on the ground she joins us with the latest this morning andrew, it s president trump s third g20 summit as president. his third visit to japan as president. and perhaps the highest stakes yet as he holds several bilateral meetings, not the least of which with president xi jinping where we learned that the wall street journal is
trading. check it out, $40.21. the last time you saw prices like this it was 2009. march of 2009. we were in the midst of the financial crisis. it was a lack of demand. this time around it s not just a lack of demand for slowing economies like china but also massive amounts of supply. we ll talk a lot more about what s happening to wti but right now barely holding on at 40 dh$40 dhr $40.21. the shanghai composite closing down by more than 3% and in europe greece making a $3.5 million payment to the ecb on a maturing government bond. athens using money from the latest bailout. back here in the states a few economic report of note, weekly jobless claims at 8:30 a.m. eastern time and then at 10:00 existing home sales. we got a couple of other big stories in focus right now. of course the fed is on our mine. yesterday s release of the minutes from the last fomc meeting raising a number of questions about the timing of a possible rate hike. it s the question we talk about virt
ford, kayla tausche this morning at post nine. first it was utx, now boeing, and now donald trump has a new target, lockheed martin. speaking with chris wallace on fox news on sunday. we don t have that sound, but he did talk to chris wallace, and, of course, the tweets followed up this morning, in which he talked about the cost of the f-35, the cost overruns, the amount of money he hopes to save. bill george joins us this morning, cnbc contributor, former exxon board member. bill, good morning to you. carl, good to be back on the best show on cable tv. here we are again. do you see any pattern emerging here regarding trump and his willingness to call out individual companies? well, this is a president who knows how to use social media, and he s going to target it. frankly, i m happy to see him going after cost overruns in the department of defense. i spent the first three years of my career back in the late 60s doing this, and i m not sure we made much progress, and i
pounds under pressure although german business sentiment did hit a ten-year high. the samsung saga getting worse. galaxy note 7 smartphones permanently discontinued. how are the other players like apple being impacted? we ll have the latest from twitter. we ll give you the latest on the continued talks with salesforce. alcoa shares falling this morning. coming up we dig into that report and talk to klaus kleinfeld in a cnbc exclusive. first up, samsung has permanently halted production of its troubled galaxy note 7 smartphone. the recall could cost as much as $17 billion. apple is poised to open at its highest level since december of last year. the stock is up 21% in the past three months. we re now on to a cycle where the replacement phones are catching fire. the company says if you have them, turn them off and we re simply not going to make them anymore. i believe the company told people in china that it was the batteries that were the issue. they tried to make a li
the rally s sales. we only need a gain of about eight points for a new high. we re already up 60, and that s even off the highs of the day here, kelly. that s right. so, we re sitting at 17,120 on the dow. there are reverberations from yellen s remarks, particularly in biotech, down today. that may speak all more to the strength we re seeing across the broader market here. obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4%. shares of time warner are surging today. cnbc first to report that rupert murdoch s 21st century fox is trying to buy the company, even though time warner is saying no. murdoch is apparently pressing. we will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. will murdoch add to his empire? how much could it cost him when all is said and done? and does it make sense in this environment