Part of this, at least with wti is because that january contract rolled. Youre looking at a february contract. We were already in a february contract for brent but every time you see that roll youll see prices come up slightly. The question is whether they can hold on to that. It would be under 35 i think if you just added 28 to where we close. Did that start yesterday . I didnt notice it late yesterday. Yesterday morning it was not. It was weaker yesterday morning. Was it rolled already . No, yesterday morning we were still january. Lets tell you about whats else is going on. We have a flood of Economic Data coming up. We have a final read on 3rd quarter gdp and at 10 00 existing home sales and the richmond fed survey. Dow component nike is posting quarterly results. Shares of that company up more than 35 this year already. A big day for last minute shopping and shipping. Its going to have 36 million packages today. Meantime amazon prime says its consumers have until midnight eastern
Europe. Just waiting for momentum to build. One of our best days yesterday in almost two months. 600. Over 0. 9 on the stoxx let me take you on a journey. This is what everybody is focusing on, the magic number, 17,000, the United States on the dow jones. Whether the s p 500 can continue momentum. Whether you believe in the dow theory. That is where they ignited the concept that this bull rally could continue. When you are actually talking about it, sometimes it is over embellished. The u. S. Took the lead and they went charging ahead in asia. Sixyear highs within the asian markets. Here we go in europe. The french Prime Minister tells the markets that the euro is overvalued. Not good for exports. The ecb should do more. Paris down by 0. 2 . Have a look at some of the corporate stories. A baby sales company. They had discussions with destination maternity. Destination maternity offered 300 pence twice and have been rebuffed. Lets see how mothercare opens. When it comes to the number on
Is expected to touch on this evening in the state of the union. Lets check on u. S. Equity futures at this hour. Youre seeing implied open for all major averages here. S p 500 would open up by 8 points. Dow up by 50 points. The nasdaq up by 21 points and a lot of that is based on firming in the markets over in europe. Better than expected gdp numbers out of china and of course thats helping move Global Markets in a vastly different direction than we have seen for much of the month. Breaking news overnight too. Isis releasing a video early today which has been verified by nbc news consultants. It shows two japanese hostages and the now notorious isis militant seen in previous videos. Hes now demanding 200 million from the japanese government within 72 hours or the hostages will be killed. Japan reacting with anger demanding a release of the hostages and saying it will not yield to terrorism. Quite a stunning release of this video and looks similar to past videos released from isis that
Supports the right to bare arms whether any gun laws need to be changed . We begin this hour with what is shaping up to be major mie style in the relationship between the United States and cuba. On the heels of a telephone call between the two leaders, they are now expected to meet facetoface tomorrow. It will come at the sum milt of the americas conference in panama. This will be the first meeting since the Obama Administration in december moved to normalize ties. Mike viqueira is in washington. And mike what does the white house now expect will be achieved with this meeting . Well that big step that would normalize relations between the countries. The state department from what we understand from a democratic senator who has been briefed by the state department has recommended that that state sponsorship of terrorism designation now held by only four countries around the world, including syria, iron sudan, and cuba be lifted against cuba. There are a number of economic restrictions i
Commercial vehicle truck. Again, just spoke with police, this is what theyre saying. Inner loop of the beltway, approaching the southeast southwest freeway, crash here blocking the local lanes. It looks like at least one left local lane now gets by. The other accident im tracking, this one from earlier, crossing the wilson bridge. Also on the inner loop. And also in the local lanes. This one is still just blocking the right lanes. Left side. Thats getting by. Again, your right lane is blocked, and if youre taking the rails, im still tracking red line delays. This is because of an earlier track problem at dupont circle. Are you seeing delays in both you are seeing delays in both directions. Back at 6 11. Back to you. See you then. Thank you. It is 6 02. It could be a rough commute this morning. Richard jordan is moving around, checking out the conditions in Loudoun County, and has more. Reporter we are just off of Market Street and route 15. Things are looking pretty good. Yesterday, th