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Cfo will join us first on cnbc. Staples and office depot higher in the premarket, reports two in advanced merger talks. First up Oil Prices Rising sharply on expectation of decline and u. S. Drilling activity. Bp posted better than expected quarterly results. Bp ceo bob dudley spoke this morning. I think its going to take time. Could be a long time. There is excess supply. U. S. Productions still growing. We see about the rig counts what its growing. And chinese demand of course great. Growth in china is not as high as it was. So we have stock levels filling up all over the world, tanks filling up. Wont be long before people putting them in ships and that take is along time to work its way off. Is there a lot of oil news today. Thats just one data point. I love bob. Hes late here. Theres already been a dramatic increase in the number of financial players taking down tankers. If you look at nordic and american tanker they will t ....
Top of the news, more threats coming from isis just one day after it took credit for the attack in garland, texas in an online statement, isis claims they have more terrorists ready to carry out attacks in america. We have 71 trained soldiers in 15 different states ready to at our word, to attack any target we desire. Out of the 71 trained soldiers, 23 have signed up for missions like sunday like garland, texas, isis names five of those states virginia, maryland illinois california and michigan. Isis is also threatening the life of familia gellar, organizer of the Prophet Muhammad cartoon contest in texas. Saying theyll sending lions to achieve her slaughter end quote. Heres an Important Note none of these threat about have been verified but claiming sure raids anxiety level who is coming up next . Peters 15 minutes from now. Lets get to the marketses to call this this wedn ....
Bell. The german wings crash on tuesday that killed all 150 people on board appears to have been orchestrated by the copilot. He apparently deliberately flew the aircraft into a mountain after locking the captain from the cockpit according to french prosecutors. The investigation is ongoing. Billionaire leon cooperman telling clients as firm has been subpoenaed by the sec. The agency is seeking information on certain securities. A tumble in biotechnology stocks entering a fourth day. Investors with drawing more than 420 million from biotech in the past four days. Thats the most since last april. Less than an hour until the close of trading. I want to get right to the latest. Scarlet, its a lackluster day for the market considering that make selloff yesterday. Scarlet at one point today it just looked like we were going to recover. The dow got as much as 41 points in the plus column before giving that all up. Right now you can see we are lower by 33 point. If you look at treasuries, for ....
Special coverage and well have full Team Coverage over the next two hours here, bill, to talk about a lot of the market expectations. Weve seen a lot of numbers to the high side of course. Then we saw that disappointing adp jobs report today. So a lot of back and forth. Strong jobless claims. So many cross currents to work through. Of course, the story weve been following for the last couple of hours, deal or no deal . Depends on who you ask right now. Word that iran and the five world powers in those negotiations led by the u. S. In switzerland have reached an understanding that will get us to a deal by june 30th. Oil is lower on the news. Well figure out what the announcement really means. Plus well hear what president obama had to say about this development coming up a little bit here. Were also starting to hear from israel right now as well. Heres where markets stand. Well start with stocks then should talk about oil obviously. ....