Im Courtney Reagan. Stocks trading again in another fa narrow ray but another high. A volatile session for oil. Saudi arabia and three other countries cutting ties with qatar raising concerns about supplies. More on this as oil prices fall. And whats moving. A major cancer conference under way in a number of biotechs rallying as a result. Loxo and puma among them. Herbalife down 6 of its latest outlook. Brian . Here is what else is happening this hour. Csx shareholders approving a proposal to reimburse 84 million for arranging the hiring of a new ceo hunter harrison. The ceo of mantle ridge, by the way, is the vice chairman of the board for csx. In the skies the good times continue to roll. Airlines globally are collectively raising their profit forecast. The Industry Group that represents more than 200 Airlines Says the profits should top 31 billion this year. Thats about 1. 5 billion more than previously forecast. And the Supreme Court scaling back the s. E. C. s power to recoup prof
Looking at the hang seng and nikkei up. Shanghai composite took a dip overnight. European equities, pretty much a green picture across the board. Mostly marginal with the italian ftse down a bit. Wti crude, where were now hovering at 51. 17. Todays the day donald trump will give his first News Conference as president elect. It is scheduled for 11 00 a. M. At trump tower. You can watch the conference on cnbc at 11 00. The mexican peso tumbled to historic lows since the election because of concerns that the president elect could take measures that would weigh on mexicos currency. Former exxonmobil ceo riler son facing the Senate Foreign Relations Committee in his confirmation hearing. First trump responding to new unsubstance yated claims that russian intelligence operatives have compromising information about him. Eamon javers has the latest. As this election season goes on, the bar continually gets raised for what can be shocking. As we hear more and more. Yesterday completely filled t
Yesterday . What did you think . Weird, right . What you are talking about . Went all the way up. Yesterdays session . Yeah. What happened midday that knocked that off . They thought it was the ap story about trumps tax plans, how theyll scrap it and start all over again. I dont know. During the day, the guy in north korea said were this close to nuclear oblivion, the markets just tread water. But then the tax plan. Syria saying, yeah, russia said one more move, were at war. And then the futures didnt move. But then they said something about the tax plan, could be a week late, the markets moved. Thats very telling. How do you price it in . You can kind of when the world ends, it doesnt matter might as well trade until it does. Flight to safety. Im in safety. It doesnt matter. Even oil, with everything happen. When music is playing, you have to dance. Quick heck on whats going chec in europe and then oil. The dax down a bit. Cac, we will call that flat. Virtually unch. It is unch unch.
Share, all crash. The deal is expected to close this calendar year. Jim, you just talked to andrew, becky and joe about this. Yeah. You know when you go back over the arc of linkedin, obviously going into the february quarter there was a belief that things were continuing to accelerate. You had 30 growth. You really felt like there was very, very little economic sensitivity. Then you got that incredible shortfall, going from 192 basically down to 9,800, and it was entirely because of the lighter guidance. The guidance, they use the term seasonality. Well, were not used to hearing seasonality with linkedin, 30 going down to 20 . There really wasnt any line item that was good. You saw deceleration in core hiring, you saw challenges in marketing solutions, you saw macro fx headwinds. We dont want to hear that. The last quarter reported at the end of april was quite good. And every one of those items went back up, and thats why the stock was able to recover. But they are getting microsoft
Donald trump days away from name mate. You know, donald trump understands the frustrations and the hopes of the American People like no other american leader in my lifetime since ronald reag and. Maria on the democratic side it is official Bernie Sanders giving endorsement to Hillary Clinton in a rally yesterday but the email scandal not going away. Loretta lynch dodges questions on capitol hill of the investigation into clinten oas private server. If you cant beat them, pay them, thats what fiat hacklers are doing after they were able to control moving jeep. Show you how you can become a ghost buster too. Joining me this morning fox business Dagen Mcdowell and kevin kelly and cat. Good to see you too. Maria how can be been in the last couple of days . Dagen excellent but good to be here. Kevin you are seeing bond market at alltime lows and stock markets at alltime high. We never see this. Maria we are learning for returns. Coming up this Morning International banker and former Prime M