Report. At first glance, it looks like a report that would be quite bullish for oil prices. Is sure when the last time we had this kind of a drawdown in oil inventories. The most it looks like only going back to earlier in may. We have had some drawdowns here back to back. Elsewhere, in terms of what we are watching today, we have stocks rising not by much, but a little bit of a bounce back stocks after a couple of days of declines. I am going to check and see what Energy Shares are doing on my bloomberg. They are up. 6 in the bestperforming group in the s p 500. That definitely lending to some of the gains. On the downside, today we have hewlettpackard enterprise, those shares pulling back by session. Odays the Company Getting a disappointing profit outlook as it is competing more heavily with other companies in the cloud industry. That is one of the biggest laggards we are watching in todays session. We are watching a lot of the automakers today. Weve got a mixed picture as usual. Te
57. 4. The forecast was 56. 3. Better, bothng in for manufacturing actually, services a little below estimates that 54. 9. We will hear from mario draghi, speaking in germany. He says Forward Guidance is a useful instrument, but the effectiveness can be improved. Lets listen. Its easier to explain to the general public. Clear. Change is insider change. Saying, when the facts change, i change my mind. What do you do, sir . For policymakers, its not that simple and Research Helps us to decide whether a change deserves a policy response, or as we say, we should work through it. Fourth, when the world changes, as it did 10 years ago, policies, especially Monetary Policy need to be adjusted. Thats true for most people, but not for everybody. Such an adjustment is never easy. It requires and im prejudiced, a new assessment of the new realities with clear eyes, ofncumbered by the defense previously held paradigms that have lost any explanatory power. Fifth, we mus tbt be aware of te ours that
Brexit debate and then the blackrock comments. The markets are not ready for the hike. Tom it is a stew. It is a stew of news. Youre right, francine. There is a negative tilt to it. Standard chartered really took me back. I know you talked to Chris Wheeler within the hour. What did he say francine he said these are banks going through huge restructuring. He mentioned specifically china. It took a leg lower today. It is going to be that much more difficult. Lets get to our first word news with nejra cehic. Nejra a boost from the business communlt. 36 chairman say it will be best for the economy if the u. K. Stays in the e. U. Leaving the union would deter investment, threaten jobs and put the economy at risk. Rebel groups in syria have until friday to sign on to a partial ceasefire. The u. S. And russia agreed to this yesterday. A new controversy in the president ial race just hours before nevada republicans vote in their caucuses. Ted cruz has fired his Communications Director for twee
Reason i think they would say they would sign such a bill that would weaken a critical component of Financial System reform aimed at reducing taxpayer risk. The senate could pass a bill as soon as today. Are we at bottom . Not yet. Oil closing below 60 a barrel for the First Time Since july 2009. This morning it dipped to 58. 80 a barrel. Theres speculation opecs biggest members will defend market share. West texas intermediate futures fell in new york. They have plunged 10 this week. Oil headed for its 10th weekly drop sense october after opec decided against reducing output. The director of the c. I. A. Made a rare move. He held a press conference yesterday to answer questions about the senate interrogation report. John beenen said it is unknowable whether Harsh Interrogation Tactics used oner it ror suspects used meaningful results. He also described soul searching in the aftermath of the 9 11 terror attacks. The Previous Administration faced agonizing choices about how to pursue al
Released any moment right now. 13. 81 billion in revenue is the number for amazon for the quarter. Just coming out right now as we speak. The expectations for earnings actually calls for a loss of 8 cents a share. Looking at the report and coming up with the e pps number. The revenue looks a little short. There you see the stock trading lower in the extended hours on the heels of these numbers. Of course, the numbers literally just hitting the tape. So weve got a light situation here. It looks like. We bring in dan morgan who owns amazon stock. Good to see you. You have the revenue number. 13. 81 billion looks lying versus the expectation. Whats your thought . Initially, that revenue number is not good. We knew this would give us an idea of what to expect in terms of the Overall Health of retail spending and give us an indication of what might come down in terms of the upcoming holiday spending. I want to focus on those margins and see how those come out if we get more information. Ini