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Reporter you see a wave but for the more potentially giving us been cool toward the close and maybe down time San Francisco not venturing beyond that point jurisconsults in the future test as to the see the calls are for a much covering the entire bay area they clara pretty nicely for the afternoon we will get some localized win a little been as things start to corrode we will see a little bit of warming happening. Reporter upper 50s and the north been a lot of that is credited the cloud cover over night its a nice job to keep temperatures supported upper 50s that ease the bay shoreline 58 for san jose planning the day comes like this morning with over sprinkle the occurs the coast and San Francisco peninsula the evening at breezy mild conditions as to see members start to get into the 70s ready for School Forecast 66 com ....
Points, the s p by nearly 20, and the nasdaq by about 57 points. Also being helped, im sure, by the news from china. What do we think about this . I saw the rally in oil prices on friday. Basically a rumor that you were going to see Something Like this. If its contingent on iran and iraq both playing along with it, that raises all kinds of questions. Seems to be the same caveat weve heard over and over again. Iran has theyve walked back some of their more explicit talk about ramping up production. Still, theyre so eager to get back in the markets. And iraq is desperate too. Lets not forget iran boosted output a month ago by 500,000 barrels a day. If saudi arabia and russia and whoever else want to get together, they need to get iran in the room. And lets not forget that a freeze is not the same as an output cut. If demand grows, then theoretically supplydemand will come back into balance. If demand slows because of china, the free ....
Good morning. Its tuesday, march 5th, 2013, and squawk box starts right now. Good morning, everybody. Welcome to squawk box here on cnbc. I hope this song gets stuck in your head, too. Im becky quick along with joe kernen. Andrew ross sorkin is on assignment today. Our focus this morning is the markets. After yesterdays close at the second highest level of all time, you can see this morning the dow futures are indicated up about 39 points. I believe that is exactly how far away we are from yeah. 38 points from the alltime highs. So well see. If things were to open right now, youd bust through that level right about right now. Well see how things are headed up. The number to watch is 14,164. 53. That is the alltime high that was hit back on october 9th, 2007. The s p 500 nearing records. It is fewer than 50 points away from its record close at 1565. Yesterday, by the way, was the s ps first monday gain of the year. I didnt know that. Dedication to mondays. I wonder what the intraday hig ....
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