Terrorism. John harwood will join us from the white house. Before we do that, lets get up to speed on this mornings other top stories. Michelle . Lets start with oil. Crude prices dropping after fridays opec meeting. As a result theres no agreement on output targets. In fact, the cartel didnt even mention a quota, something we havent seen in decades. Analysts say this is a message that opec or saudi arabia is willing to deal with low prices. You can see wti is back below 40 per barrel. U. S. Gasoline prices dropping again as well. The lundberg survey says the average price is down 4 cents. 2. 10, the lowest level since late january. In global news, big win for venezuelas opposition. The Party Winning control over the National Assembly and changing the balance of power. The victory comes 17 years after hugo chavez started the socialist information. It could mean dramatic changes down there. In corporate news, General Electric is terminating a deal that it had to sell its business, its a
European markets following through to a certain extent largely in the green. Spain is the outlier there. Election. A little more election. 2. 18 for the tenyear yield. I hear that r word, but everybody says well hit below 2 again. If youre in other parts of the country youre talking r. Were talking recession. But we could be talking road map. Ours starts with star wars. And a rare look inside apples operations, and what ceo tim cook is calling political crap. And mark Martin Shkreli spe out after his arrest. The latest after that ongoing drama. Quite a sigh there. People may have been seeing on friday. Stocks set to open higher. Both the dow and the s p finished the last week below the 50 and 200day moving averages. Oil is a major factor. Brent crude has fallen to an 11year low. You know, when it comes to oil, jim, very simply it is a collapse in a central part of the world economy. Thats the way you have to think about it. I think we have to recognize there was a belief that oil would
Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For the week all of the indexes were lower. Bob pisani has more on the dramatic end to a momentous week in the markets. Reporter stocks declined again today. Whats going on . Wall streets in a funk. The basic theme is lower for longer, meaning Commodity Prices and Global Demand will stay low into 2016. Lower for longer not just in oil but natural gas and lower for longer in steel and in copper and al
Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For the week all of the indexes were lower. Bob pisani has more on the dramatic end to a momentous week in the markets. Reporter stocks declined again today. Whats going on . Wall streets in a funk. The basic theme is lower for longer, meaning Commodity Prices and Global Demand will stay low into 2016. Lower for longer not just in oil but natural gas and lower for longer in steel and in copper and al
Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For the week all of the indexes were lower. Bob pisani has more on the dramatic end to a momentous week in the markets. Reporter stocks declined again today. Whats going on . Wall streets in a funk. The basic theme is lower for longer, meaning Commodity Prices and Global Demand will stay low into 2016. Lower for longer not just in oil but natural gas and lower for longer in steel and in copper and al