Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
Maria good morning to you. Thanks for joining us. I Maria Bartiromo ended thursday, september 20th. 6 00 a. M. On the east coast. Tax reform taken a major step forward to begin debate on legislation expected to come as early as tonight. Reports are suggesting that some republicans are considering cutting the rate to 22 instead of the planned 20 . President trump spoke about the importance of getting this done today. We cannot sit idle if i can watch ourselves losing a competition to other countries as they continue to take away our jobs because their tax codes are more competitive and less burdensome than ours. In order to achieve this bright and glowing future, the Senate Must Pass those taxes. Maria the deal could help propel them already for shane economy which is full of potential for the first time in a decade. Gdp growth in the First Quarter sitting at threepoint 3 . We gave you this number is yesterday in the relic can use its momentum industrial of 90point on top of another hug
Obstacles for the u. S. Economy. Can anything stop the u. S. 10year hitting 3 . Plus, banking on a trump residency. How have u. S. Financials fared and what could a repeal or partial repeal of doddfrank mean for their Balance Sheets . Matt im taking a look at futures. Right after yesterday, when we saw losses across the board, we are seeing indications of a positive open. The ftse in the dax indicated to open up 0. 3 . The cac about 0. 5 . Looks like we could have a reversal of yesterdays trade. I think there are probably more exciting assets to watch than equities. Guy i think theres a few things to Pay Attention to. One is the dollar. A week week for the dollar. This morning, the swiss franc is trading higher. Kiwi is trading higher. Euro is trading higher. We are in the midsixes now. That dollars story continues to be front and center. Out oft get the news the Trump Press Conference that some had hoped for to keep that reflationary trade on the road. Then we get janet yellen. What i
Power lunch, im shaken, not stirred. Slightly higher on this eighth anniversary of the bull market, but right now, the dow you cannot get really a smaller gain than that, ladies and gentlemen, s p and nasdaq with modest gains as well. Very close eye, of course, on oil at this hour. Crude hitting new lows for the year. Explore why, adding to yesterdays big losses, wti is blow 49. We are all over it. The guy leading the charge on it, my friend and fellow victor last night in the acc tournament, virginia tech, brian sullivan. Thank you. Yeah, listen, we lost 7 of the price of crude oil in the last two days, so what better place to be still. Theres a new restaurant, ceo of royal dutch shell, a minute away, comments from here, ceo of dow chemical as well, and president of the university of houston. A big lineup over the next couple hours as crude continues to slide you are known as the billion dollar buyer on cnbc. This is one of your restaurants you own of the we spoke about the price of o
His Casey Research. His book is, apparently, breaking records and cracking all kinds of bestseller lists in numerous categories; International Affairs, public policy, etc. So you heard it here, my friends. Hes an accomplished investment analyst. He has served as chief investment strategist at Casey Research since 2007. His funds are among the Top Performing in the resource sector over the last five years in canada. Hes a regular contributor to the Business News network and has been interviewed by global Media Outlets such as cnbc, bbc, bloomberg and forbes. Marin has traveled to numerous, numerous conflicted and challenging areas including russia, iraq, ukraine, kuwait, mongolia, kosovo and colombia among other resourcerich destinations. Hes a former. Mathematics professor former mathematics professor [audio difficulty] hello . Okay. How are we doing . Not good. Not good. There we are, were back. Okay. So i think that happened because of my own personal history with mathematics, but we