1. 5 two year just below that at 1. 478 overnight in china, look at those stocks and youre going to see the nikkei was up by 2 , 2. 1 in shanghai, market there up by a percent and hang seng closed flat and then if youre looking at what has been happening in europe with the early trading taking place this morning, you will see mostly green arrows there. The cac up by. 9 . So is the dax. The ftse down by half a percent. Cnbc has you covered for all of the big global stories that are moving markets today were going to take you to hong kong for the latest comments from carrie lam. An update on the political crisis in the uk over brexit exclusive update on the tariff fallout for small retailers. Lets start in washington now, with the news that the the big news that is moving the markets now, trade talks with china, set to resume next month. What do you got here the news breaking last night out of beijing, the Foreign Ministry issuing a statement, here is the cnbc translation of the Foreign
More freedom for twitter users. To make a 140 carrots or limit and only weeks away a summertime. Waking up to snow this morning. Theyve got the details. But in fans first at once didion and in price gouging on food and drinks. Oil price driving the action yesterday and today is about one third of a percent. Crude briefly climbing above 48 a barrel hitting a fresh 2016 high sitting at only 7. 88 a barrel. Taking stocks right now, mostly higher overnight in a shed. A cabbage in japan of 1 . Hang seng one and one quarter . European market gains across the board here as well. Thanks not leading the way up three quarters of 1 and the caci path of a percent. Expecting a higher opening for broader averages today on top of the triple digit rally yesterday up almost 200 yesterday. This one in the dow industrial 13. 9 set, s p 500 higher in the morning. Later this morning from the reason api inflation data and Housing Starts this morning. Joining me this morning, Dagen Mcdowell and recon capital
But wait, look at california. Highest in the nation by a long way, 4. 21. Underlying gas prices, the price of oil to. Wheres that this monday morning . 104. 51 a barrel. Its up there. Sandra smith is with me. Gas has been up, i think, almost if not every single day for a month. Yes. Stuart now, ive got two questions. Why is that . And number two with, 4 gas on the horizon for this summer . What do you say . Let me give you the easy answer, its geopolitical tensions in ukraine, okay . Its the Federal Reserve pumping money in the system, devaluing the u. S. Dollar, driving up those commodity prices. The more difficult answer as i look into this gas price rise is consumption versus actual supply. We are using more gasoline today than we were several years ago. Stuart yeah. I hear its up 3. 8 in the past year, demand, consumption. And last a year we saw the biggest increase in gasoline consumption in this country since 2006. So while there might be more flex fuel be vehicles out there, ele