S p, nasdaq positive. Big story, though. What bond yields are doing today following that big spike in the yield on the tenyear note. Pulling back just a bit. Maybe giving some feeling of ease to investors today. Pete, boy, the commentary yesterday after delivering alpha was mostly negative from the biggest investors. How do you see the landscape . Volatility is back. Volatility is back. You follow it so closely. Weve seen an explosive move out of it. Weve been talking all the way back to july about this low grinding volatility and the fact that weve been trading on the vix between 11 and 13, and finally, we get the big spike this past week. We got a big spike in volume because people are back and now they want to be involved in the markets. I think theres enough concerns out there, scott. When you really look at whats going on, they delivered at this delivering alpha a lot of really gray clouds, didnt they . There was not a whole lot coming out of there. Bill miller stood out for me th
Amazon has three ceos now sort of. Two Division Leaders officially getting the ceo title. They give you the promotions but never the raise. Could that create leadership issues for jeff besos. I understand they both got prime memberships as part of the perkz. Twitter is getting new Board Members today, moving on. There we are. But the stock is still sliding and well look at what other changes may need to be made to that social network. Sfl nhl commissioner will join us live along with the stanley cup, its here, to celebrate the start of the playoff season. The stanley cup, this will be the fourth or fifth time ive ever seen it. Arent you lucky . We get to see it on cnbc, we like it. Jackie is tracking all of the action for us at the nimex on this masters friday. Good afternoon to you. Dom chu says i have a masters tshirt waiting for me. At the close, about a 7 surge in prices, its sort of a tale of two surges, technicals and fundamentals. We had such a whacky kind of week. Some people c
Like exxon, chevron, and pretty much nearly every other oil stock out there. Lets find out the reason and get to Jackie Deangelis at the nymex. Thats exactly right. Near 7 increase in oil prices on the day today. Remember, this is after the seesaw week here and, of course, we are near session highs at this point. Some buying the dip here, some technical buying, driving the price higher, but there is fundamental strength to because traders are looking at numbers out there, not just from the u. S. , but also in europe and taking them with a positive tone. Look at u. S. Production over the month of march. Ive got the numbers for you. A million barrel per day decline here in the United States, were just over 9 million as of april 1st. Next week could be that inflexion point where we drop under that level. Remember, this is down from 9. 6 Million Barrels june last year, so significant drop here. Those rig count declines that were going to hear about later in the hour starting to maybe have
We begin with breaking news. The first Public Comments from the newest member of the federal reserve. The dallas president Robert Kaplan revealing for the very first time some clues on where he stands on Interest Rates. Steve liesman following it all from d. C. Steve, what do you have . Scott, thanks very much. We are getting the first comments from the former harvard professor and Goldman Sachs banker turned dallas fed president , and the question we have going in is how much like the hawkish Richard Fisher is he who just left the dallas fetd presidency, and he is showing himself not to be too much like him. He says the fomc was prudent not to hike in the last two meetings. We went back and looked, and Richard Fisher several times last year had called for rate hikes, including when he had left office on the eve of the september meeting calling for rate hikes hen. Kaplan saying it was prudent for the fed not to hike. He goes on to say appropriate Monetary Policy will remain accommodati
Rolled and next thing i knew we were pushing out the emergency exit and i was outside and there were people screaming and bleeding and we helped them out and theyre okay now. 7 train cars flew off the track. Some cars ending up on their sides. Others landing mostly upright. Rail traffic between new york and philadelphia is shutdown today as the investigation continues. Philadelphia mayor said theres no way that Train Service is going through philly in the next week. Right. This is you know its always horrific and tragic to see this but we all take that train at some point. Its home to everybody. We go to d. C. A lot of us take the train. Yeah we choose the train over the airlines because generally youre far more certain to get there on time. Its nice. This was the regional. This was the northeast regional. Still. Still. Its huge and packed. Same track. We all go through there and baltimore. By far the most heavily travelled rail. This is inevitably going to raise questions about spendi