Saudi arabia over the last two weeks. Feels like these days if you want a look at the implications in the oil market you need to be a geopolitical analyst at the same time and know about the ins and outs of the mideastern policy do you think its really just a geopolitical risk premium added to the oil markets is that actually something, the saudi arabia situation, that could impact the balances overall . Well, what were seeing leaving aside the geopolitical tensions for a moment is that there has been lower Production Output in Northern Iraq because of the situation there and we saw, as we said in the report, lower than expected production in one or two other places, algeria, nigeria, venezuela, mexico, lower growth than expected in the u. S added to the fact that stocks are falling as we also see in the report and demand in reasonably strong. There are some underlyingfu fundamental factors that help drive prices, but the situation in the middle east has added further momentum in the u
Yesterday. Features today, the picture not much better. 108. 5 sans the dow futures. Again, even your bond market signaling Slower Growth ahead. They talk about an agenda and jeopardy down in d. C. Global Market Action you can see across the board in europe. Ftse 100 in england the biggest losers they are. Asia overnight declines across e board. Shanghai in custody in south korea. Communicate down more than 1 . In the meantime, an Emergency Landing in washington. Passengers warned to brace for impact upon landing at after the plane had occurred. Cisco announcing more layoffs over 1000 jobs will be unpacked it. Companies warning of another decline in revenue. Walmart will be a key factor watch today. First Quarter Results over the opening bell comes amid a record in season for retailers so far. Shockey is. Chris cornell, the front man for soundgarden and audio slave dead at the age of 52. Shocking death comes hours after cornell was performing in detroit. So much going to cover this mor
We are discussing with joe manchin, the senator from west virginia. It is a big drama. Jonathan as you know very well, there is a big question of whether it is drama or it really affects the world such as markets. Jonathan thank you very much. Lets begin by getting a look at the markets. Looking at futures, this morning. We go nowhere. Up about a 10th of 1 . The euro a little bit weaker. Treasuries on offer at the margin yields, creeping back off those 2017 lows. Alix i am taking a look at dollaryen, a really interesting morning for that currency pair. Exit from a monetary stimulus could be on the agenda at the boj. Dollar caught a bid and now dollaryen up on the day by 2 10 of 1 . Definitely an interesting level to watch. The vix goes nowhere. Well,s where, gold as off by about two dollars. Crude up by 5 10 of 1 . Lets count down to one of the big events. Less than an hour from now, we will hear from the European Central banks latest Monetary Policy decision. It is believed mario drag
Good morning welcome to Worldwide Exchange on cnbc. Im dominic chu in for wilfred frost. Im Morgan Brennan in for sara eisen its new music friday, were getting your weekend started with a brandnew song by zed and liam payne called get low. What do you think . I kind of like it its firing me up for jobs friday also makes me feel like im in a club on a saturday night i hear get low, im thinking lil john and the east side boys for sure lets check the Global Markets there is some stuff going on ahead of this big jobs friday. If you look at the u. S. Equities picture, its generally flat, maybe to be expected after a down day yesterday things are Holding Steady ahead of that 8 30 a. M. Eastern time jobs report. You can see the implied open for the dow, just about one point. The s p about two points nasdaq up by about five. As we look at the tenyear treasury note yield, a key focus for traders and investors over the past week or two, given the bank stock run, global rates all over the place,
Credit suisse Ceo Tidjane Thiam tells cnbc the banks restructuring plans have started to bear fruit. Often people say, well, we focussed on the costs, not yet the revenues revenue is 9 , costs are 6 . That drives the operating leverage that you see in the numbers. And that will continue barclays sees its first earnings hit by the divestment of its Africa Business, but the shares move higher as Ceo Jes Staley tells cnbc the bank has turned a corner. Were now a clean bank and restructuring is over. We feel good about how the bank is positioned. We are free of all the legacy issues adidas shares hit a record high after the german sportswear maker raises its fullyear Sales Guidance ahead of next weeks numbers. Shares of renault drive lower despite a 17 rise i first half revenue, as analysts raise concerns about the french automakers levels of leverage absolutely huge set of numbers out from the Banking Sector this Week Barclays has posted a 1. 6 billion pound loss in the first half of the