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A couple of questions that are important to dig into when you look at these numbers. The question of course what happened with u. S. Production, just under that level last week. Three weeks of declines in a row. We want to see if that continues. We did have the comments from the uae oil minister saying that oil prices are going to force production freezes. Thats a jab at iran here. A couple of reasons that you could see support for these. Back to you. Thank you for that. Its 8 00 a. M. At apple ...

About 18 times because earnings are slowing and thats a premium valuation that we get when earnings are moving higher and its expanding. You can go back down. You can go back down to 1850 but you have issues coming up. One of them is the dollar to be strong and everybody is going to focus on the brexit which is a june vote but the news will pick up and then of course president ial election. You tend to look at the economic numbers that were not great. Thats good because i dont think that the fed...

Losses. Hillary clinton takes on president obama saying she does not support his transpacific trade pact as she outlines her plan to take on wall street if she becomes a democratic candidate. The story of the day. Lets check in on european lenders and they paired back their losses at the start of the session. This is because germanys largest bank stunned investors by announcing a record 6 billion euro loss and in an exercise in what theyre calling kitchen sinking we have him outlining a slew of ...

Welcome to countdown. A very good morning. Two deals have fallen through. What is going on . Reneges ont murdoch a 25 billion dollar offer for time warner when everybody thought it was not going to go anywhere, does it matter . This has me puzzled for little bit. Of course it matters. Not everyone recognized the capitulation. If you look at the share price, investors thought he would still go for it. Secondly, he has thrown a bone back to foxx investors. It is something they have not they were n...

Million euros worth of confiscated coke vanishes from their paris headquarters. Good evening. We begin with the latest events on the ground in gaza. It was supposed to have been a 72hour break in the fighting, barely lasted a couple of hours. Israel says hamas breached that truce by capturing an israeli soldier and killing two others. That triggered renewed israeli shelling in which more than 60 palestinians were killed and 200 others injured. While at least 1,509 palestinians, most civilians, h...

Just why was that malaysia air flight flying over such a dangerous area and what has been the policy of all airlines that fly internationally with so many hotspots across the globe . We have phil lebeau standing by. Hes been looking into that. And for anyone who travels, you may be surprised about where airlines have been willing to go, at least until yesterdays tragedy. Then back in corporate america, two developing stories. Time warner trading above rupert Murdo Murdochs 85 offer, which was re...

Instead working together to fix our broken immigration system, the president says hes act on the ground his own. Thats just not how our democracy works. U. S. Officials have repeatedly said the war against isil willing take years. The president s strategies and policies are lead to go failure. Isil remains a force on the ground. Scientist have his suck. I landed. The road block on a moving comet. It was not america, not nasa pressing the buttons this time. We begin with president obamas controve...

Fix our broken immigration system, the president says hes act on the ground his own. Thats just not how our democracy works. U. S. Officials have repeatedly said the war against isil willing take years. The president s strategies and policies are lead to go failure. Isil remains a force on the ground. Scientist have his suck. I landed. The road block on a moving comet. It was not america, not nasa pressing the buttons this time. We begin with president obamas controversial move, the most swing c...

But we hear they are still confident on china. I dont see people pulling out of china but i continue to see people putting money into china. G20 leaders warn russian president Vladimir Putin more sanctions could be on the way as they meet in brussels to discuss possible measures. Now to our top story, a quite astonishing story in japan. The gdp number shows a 1 president 6 contraction against the expectation of 2. 2 growth. One of the analysts said theres a big drop as businesses cut back on inv...

Stories this morning. Deal news dominating this morning. Valeant ends the buyout deal for allergan. They made an unsolicited deal last spring. It looks like the soap opera could end, 210 is more than they expected. Hackman and valeant are going to share the profits that ackman has reportedly made with the stock at 40 . This is a winwin situation because of the way he structured this. But valeant shareholders effectively split the profits with ackman. With the purchase there. Thats pretty interes...