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Rig count at 1 00 p. M. Eastern time. Our road map begins with a big set back for Prime Minister may. Yesterdays snap election ending in the Hung Parliament. What does it mean for the looming brexit talks . Plus, stock futures are pointing to new records as investors shake off that political turmoil in the uk and back here in washington, d. C. And complete vindication, thats the take away from the president on the testimony by comey but the reality may be a bit murkier. Well talk about that. But first, the uk is the lead. Mays conservative party lost the majority after the election. Resulting in a Hung Parliament meaning no party has the 326 seats that are necessary for an outright majority. May had called for the snap election in the hope of strengthening her hand in brexit talks after her meeting with the queen, the ....
Production. Global bond meltdown. The bull market in bonds is ending with a bank. As global bonds suffered their worst slump last month. Investors look to dump their debt after donald trump won the election. Bracing for swings. It euro volatility is the highest since brexit. The European Central policy decision coming up next week. You have burned up 13 in just two days. Brent up 13 in just two days. The big surprise come iraq cutting 210,000 barrels of a day. As the focus in vienna moves from the deal into specifics. Marty schenker joins us now in london. What is the biggest question as traders wake up this morning . Firstly, you mentioned iraq. Iraq had been the biggest stumbling block. They have a quota again and they agreed to cut production. Many will be interesting to see if they are willing and able to do that. Secondly, russia. Russia pledging an actual cut of 300,000 barrels a day. One of the reasons we saw oil rally so ....
Up. 4 . 500 is the dow is up half of a percent. We are coming off session highs. Has just hit is 50day moving average. My terminal look at right now. Hold on one second. I have an employment reminder i needed to get rid of. Ands look at the s p 500 the s p sectors. Energy is up right now by 1. 2 . Half aials are up by percent. These are all helping todays advance. That, i want to look at airline stocks. Airline stocks also trading today. A year in 3 gain holiday travel. Delta air is up by 2. 75 . Spirit air also getting a pop. The reason behind this is that the trade group, airlines for america, is forecasting a 3 gain in year end holiday travel. Also north American Airlines boosted atlantic capacity by 2. 7 in october. Lets take a look at the dow jones transportation index. Six cents. About it is important to point out that this index is down 16 yeartodate. Treasuries, the 10year yield is unchanged. It was up by about two basi ....
Dollar bid for the swiss agri giant. U. S. Futures point higher after a roller coaster session yesterday sending the s p into negative territory for the year. We are waiting for a Volkswagen Press conference to begin. The car maker says it will bring us up to date on the diesel issue and reorganization of the group. Its due to start any minute now. We will bring you that live when it does start. The co2 part of the emissions scandal now as bad as feared but it was a much smaller percentage. It involves 2 billion euros that they set aside just in case so maybe they wont need to tap those reserves. We should point out that vw shares we are rising today in german trade up sharply following a surge. Its coming in better than expected than what they initially feared. Exactly right. Co2 is coming in better and it will be interesting to get this is the first Big Press Conference ....