A very warm welcome to Worldwide Exchange. Im will ford frost. Im seema mody. Take a look at how u. S. Equities are performing in premarket trade. You can see a significant move to the down side with the dow jones off 141 points nasdaq, lower by 62. The s p off by 21. This as weve seen a Global Market reaction to the north korean provocation japanese stocks at a fourmonth low, wilfred more on the markets around the world. The developing story that seema just mentioned out of north korea that nation launching a Ballistic Missile. The move prompting warnings for residents of japan to take cover. Shinzo abe calling the launch reckless and a significant theft. The u. N. Security council is holding an emergency meeting to discuss north korea. Cnbc live in japan with the latest good morning good morning to you, wilfred. Like so many people here in japan, we were woken up around 6 00 a. M. Local time with the latest launch from north korea triggering a nationwide alert. Broadcasters breaking
The hang hishanghai slightly lo. In europe, green arrows across the board. The dak x is up by 0. 4 . The cac up by 0. 3 the ftse up by 0. 2 . The dollar, which has been under so much pressure, you look and you see today the dollar sup against the euro, back below 1. 20 this morning it looks like the dollar yen is at 109. 89. Check out crude oil and gasoline prices, crude Oil Yesterday at a onemonth low. Its down once again this morning at 46. 18 rbob gasoline up nearly 6 yoed yesterday to a twoyear high of 1. 82 sits at 1. 83 this morning as we quont to watch the reficontinuec those refineries shut in with the additional rainfall. Gas prices at the pump could go up to 2. 60, 2. 70 we were thinking 4 dollars was the norm even after this, its amazing that were in a different kind of and can you believe that people that supposedly know what theyre talking about said crude would go down and gasoline would go up because youre not refining as much you get a glut of crude . A scarcity they we
More from miami. Reporter its one of the strongest Atlantic Hurricanes ever recorded. Irma, a cat 5 storm battering the northeast caribbean hitting st. Martin, st. Kitz and several other islands with 185 mile an hour winds, churning slowly north threatening to the entire western caribbean. I have no place to go. I have to stay here. I will live or dye depending how this storm hits us. The storm projected to hit florida hard over the weekend. State and federal officials including President Trump warning residents not to underestimate the danger. The storm is bigger, faster, and stronger than hurricane andrew. Well know in a short period of time but it looks like it could be something that will be good. Believe me, not good. Preparations are already under way with supplies like water and gas running low. The highways are clogged as anxious residents hit the road afraid of being left behind if there is a repeat of flooding we saw this past week in houston. The storm is pretty bad so we wa
Nomination for treasury secretary was reported favorably out of committee. That will now advance to the full senate, a final vote on janet yellen could happen today. Meanwhile, at the white house, over an hour from now, we will hear from the new press secretary and the director of the National Economic council because the focus there today at the white house is on the economic turmoil that millions of americans are facing right now because of the pandemic. In a couple of hours after that, President Biden will sign two more executive orders. These will be aimed at addressing that issue, central to this administrations economic strategy, of course, that whopping 1. 9 trillion bill that President Biden is calling the American Rescue plan. Our reporters and correspondents are on top of it. Kelly odonnell is covering the new white house. Garrett haake is on capitol hill. And Senior Business correspondent Stephanie Ruhle is following the financial implications. Garrett, lets start with you,
Good friend Jason Chaffetz out in utah i should acknowledge we will soon be joined the dr. Nicole saphier, the smarter of the two of us, no doubt about that, she is having technical issues. As soon as see is ready she will be in. Jason great to have you. Jason i love being with you, pete. I was looking forward to being with dr. Saphier, im sure she will join us soon. I have a great lineup. Weapon have trey gowdy coming on. I was a colleague of his for number of years, when i get up up in the morning, im ready to go. Trey gowdy, not so much. It will take a little while, he will be here later in the show. Pete well test his skills. We look forward to nicole joining us. A lot what were talking about, jason how quickly do we open while balancing what our Health Care Experts say we should continue to do. Well move forward with states preparing to ease these restrictions. Colorado stayathome order is expiring today, sunday. Rallies are happening across the country to reopen. Lets get a sense