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This market can only focus on one bullish idea at a time. And it just feeds Everything Else to the hungry bears. Today the market decided that oil is going to the moon, because it did show a huge draw down. Actually, to be fair to the oil traders, it took crude up nearly 2, a reduction of 4. 5 million barrels. Its the second biggest in this reduction is amazing. No one saw it coming. Weve heard over and over and over again that theres way too much oil, so theres a gigantic glut. Every now and then, some combination of countries had decided that oils fallen enough. You hear chatter about an takes it from the low 40s to the high 40s. Before a new flood of american oil hits the market. Those past rallies were all big con jobs. But Oil Inventories are not a con job. This number tells us that the reports that theres no more room to store oil may be greatly exaggerated. Reports t ....
Accommodation. The road map begins with the third best quarter ever for starbucks, and chairman and Ceo Howard Schultz will join us. We will break down the numbers and see what is brewing for the future. And amazons negative surprise as they have a quarterly loss loss hit by big spending at the company. And plus, we are an hour away for the arraignment of Steven Cohens sac capital and we will take you live to the courthouse when that happens. First up, starbucks up sharply, and the coffee chain says it earned 55 cents a share in the fiscal third. And same sales remained the same as the expanded menu offerings drove traffic and rose the year guidance and we will have an exclusive interview with the starbucks Ceo Howard Schultz, and jim, the metric of the day, 9 comps in the u. S. People it is hard to get your head ....
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