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Out, you can see that japan, the nikkei was flat, too. The hang seng and shanghai deposit down, too. Japan, the flat market there, japan avoiding a recession in the First Quarter gdp expanding by an annualized 1. 7 . Much more than a 0. 2 increase forecasters had predicted. Take a look at whats happening in european equities, the modest dines for the dax, cac, ftse. Down by 0. 25 . Take a look at crude oil price this morning, kruld is unchanged got all the way up to 48. 31. Brent crude is down s...

And others were looking for higher prices. For the second time in two months, opec mebdz unable to strike a deal. This meeting was also relevant because for first time in 25 years, the saudis set a new oil minister and we heard from him for the first time coming out of the meeting. Of course, he talked it up. Listen. We are extremely happy. I think the market is in good shape. The market is balancing. Trends are all good in terms of supply and demand. Prices have recovered somewhat. I believe th...

168 points to the down side. At the lows we were down about 185, 186 points. So were off the worst levels of the session so far. But an interesting carry through from yesterdays trade when it was all about the fed minutes and the idea. The possibility of a june rate hike from the Federal Reserve and that really drove markets kind of a little bit more towards the volatile side. Today, most is to the down side in terms of moves. You can see theyre off by 1 for the s p 500. Utilities and staples ha...

Us. He thinks oil has also bombed. This year hell lay out his case coming up. Also apple giving a nice boost to the dow today. In fact, its the best performer. Its up more than 4 right now after word gout out that Warren Buffetts company. Also Julia Robertson has reduced his stake. Lets start with oil prices rising. Goldman turning bullish. Previously one of the most bearish forecasts over the past year, now saying prices could go to 50 in the next half of the year because of an oil deficit inte...

The cac in france up by better than 1 . Ftse higher as well, 0. 7 . Crude oil prices raiding near sevenmonth highs. Check this out up another 1 to 49. 07. Getting back to 50 a barrel. The gains that came yesterday, showed that u. S. Crude stocks dropped by 5. 1 million barrels. Double than what was expected. Well get the eia figures later today. Lets get you to other big stories. St. Louis fed president jim bullard saying june rate hike isnt set in stone. Arguing that labor data suggests its tim...

Well. Crude Oil Yesterday you saw wti back up 50 dollars for the First Time Since october. Now you see wti is down close to 1 . 49. 04. Couple big stories. The news just breaking in the last half hour. Eight auto makers issuing 12 million rerecalls. And more recalls are expected to be announced in the coming days. That is one of those stories that just continues. Also g7 leaders issues a warning overnight. Saying a british vote to leave the eu would seriously threaten the world economy. In a sta...

Retailer issues weak guidance, announces the cfo will step down. Toll brothers is going the opposite direction. Sold more homes at higher prices driving up numbers for latest quarter. And facebook responding to claims that its trending topics are skewed by political bias. The revamp for that company is coming up. But first up, best buy shares falling in the premarket. The Electronics Chain issuing weaker than expected guidance for the quarter, First Quarter results did beat consensus, but domest...

Good morning. It is 8 00 a. M. In code conference here in rancho palos, and it is 11 00 a. M. On squawk alley are, and we are live. Good wednesday morning and we are live from the code conference, and Kayla Tausche is live at the New York Stock Exchange and here out west is with me is jon fortt and erinn lee and alex goodman. And now, the content is making headlines last night with jeff bezos, and here is what he said. I think of them as seeds being planted, and will ta turn into trees. And Amaz...

Good morning and welcome to World Wide Exchange. Im wilfred frost. Very good morning to you from me as well. Its throw back thursday. Were throwing it back to some summertime classic. Business morning ahead. This is old school. This is old school indeed. We have a busy morning. Lets start with the buzz out of cleveland. Ted cruz steel lg the show. He failed to endorse donald trump. The live report from cleveland in just a minute. All i will say is given he was a candidate, sounds a little bit li...

World Wide Exchange im sara eisen. Along with dominic. Hes in for wilfred frost. Check on the u. S. Futures and the dow giving a little back. Perhaps a pause from the break. A break in the action for sure. Much more on the market in earnings and economic agenda in just a minute, but first the buzz of the morning. Did you see this. I saw the highlights. I was in bed by the time it actually happened. I had to wake up this morning very early to go and do this. Heres what happened Melania Trump step...