Stories were watching this morning starting with oil. Wti crude closing higher than brent yesterday. That was the first time of august 2010. Watch for Inventory Data. Well get that at 10 30 eastern time. And break in the last hour a new report coming up from opec predicting that oil will rise to 95 barrel but only in 24 years. Also on tap we get durables goods and personal income and spending and at 10 00 new home sales and Consumer Sentiment but some of the numbers came earlier when the Commerce Department released spend dag at a yesterday. We got november Consumer Spending rising. 3 last month. That came in line with forecasts. Also apple making it easier to nominate a director but there are restrictions. In a new filing that it put in with the sec the tech giant says its going to be eligible to make a nomination. A shareholder or a group of the 20 shareholders must hold 3 of shares continuously for three years. So also the good news there is it prevents some of the shorttermers. 204
Begins right now. Good morning again, everybody. Welcome back to squawk box here on cnbc first in business worldwide. Im becky quick with brian sullivan. Joe and andrew are off today. General motors have announced new recalls with an ignition lock. The number is a relatively small 83,000 vehicles. But it comes after their record year of recalls in 2014. Elon musk and his wife are divorcing for a second time. They first married in 2010. They divorced in 2012 and remarried in 2013. And a total of 30 bodies have been recovered from the crash of the airasia flight last weekend. The year is starting off with a loss. Former political icon mario cuomo has died at the age of 82. Cuomo served as the empire states governor for three terms from 1983 to 1994. Some democrats did push him to run for president. He died just hours after his son andrew cuomo was sworn into his second term as new york governor. The averages closing out 2014 with gains and multiyear winning streaks. Ended with a gain of
Seen any innation as judged by the cpi since october. That number is due out at 8 30 eastern time. Then later in the morning watch for the Housing Price index. New home sales and richmond fed survey. St. Louis fed president gym bullard is set to Start Talking in london in a few minutes. In the meantime jon williams is in australia and he is telling economists there that the broad strength of the dollar poses little risk to the u. S. Economy. Gathering more momentum for what happens when rates start to move he warns of unintended consequences for the economy. Given that Monetary Policy is a blunt instrument its going to have unintended consequences or effects. The goal for me is just to get the economy back to full employment. Get inflation back to 2 and Interest Rates back up as appropriate back to more normal levels. He will not be composing the music for the new movie. I thought he was. Originally he was signed on. He will not. Well check into that. But i thought i saw recently hes n
Lovers the best that we are getting ready for this show as comet. I started this site china has optional regional tensions with its declaration of a new era Defense Identification Zone over a wide area above the east tennessee us b fifty two bombers have now flown through the area. He gave no advance notice of their flight as china has demanded china did not respond militarily. Nhk world the helium a motel has more us defence officials said that to please people. Its great to know Flight Training they seem cool. Indeed two and three. They say the police will call the film was hit by a china including the space with a single client. Japan control the china and taiwan clean japan maintains that the single coolest been known to the country. Historically and in terms of international role. China has said it may restore its forms. Croft entering the film failed to provide identification and fun. But to us. Officials said they gave little note and there was no results from china. The us mili
The purpose of our action tonight is to establish a strong deterrent against the production, spread and use of chemical weapons. Establishing this deterrent is a Vital National security interest of the United States. Combined american, british, and french response to these atrocities will integrate all instruments of our military, economic, and diplomatic, we are prepared to sustain this response until the Syrian Regime stops its use of prohibited chemical agents. Kelly a were carried out by british tomato fighter jets and b1 bombers. Joseph dunford discussed the three targets that were selected. This evening we conducted strikes with two allies on multiple sites that will result in longterm degradation in syrias capability to research, and deploy chemical and biological weapons. This will result in inexcusable inflicted maximum damage without unnecessary risk to innocent civilians. Kelly lets go to Connor Powell who joined us from the jerusalem bureau. Reporter we are getting more inf