Ipo again. And what is the deal with netflix . Picking up a new sitcom to take on an old sitcom. Tuesday, september 17. Thats what it is today. You are watching Worldwide Exchange. It begins right now. Good morning. Welcome to Worldwide Exchange. Im in for brian this morning. Indicating the dow will open lower after snapping an eightday win streak you can see the dow jones is off by 27 the s p by 2 one bright spot, the Energy Sector that coming off its best day since january as we saw oil soar bond market showing some signs of activity. That 10year note yield dropping 2. 2 lets go worldwide in the asian trade. We did see movement here in japan. We are up flat but the hang seng up in the european trade, we are seeing a little bit of that with the dax off. And the cac by about. 02 as well following an attack on the two biggest Oil Facilities reporting that american intelligence says the strikes originated from tehran as President Trump says he is in no way ready to jump to a military response. We have a lot of options. We want to find definitively who did this we are dealing with saudi arabia and the crowned prince and some of your neighbors and we are talking together to see what happens. Tracie potts joins us live from washington, d. C reporter three people familiar with this intelligence say there is compelling evidence, even images supporting the facts that these attacks, these drones that sparked the fires came from iran the president is dropping hints at that. Rick perry have out and out said it was iran that was behind it even though yemen rebels took responsibility for that. The u. S. Intelligence based on people hearing it who have seen it seem to indicate it was iran directly behind it iran directly denied that. Democrats here on capitol hill arent disputing it either when will we see or hear any of this intelligence . It could be next week at the United Nations when it is declassified that could be interesting. Because President Trump was hopefully planning to meet with irans president to try to talk out this issue with the nuclear deal with the sanctions. Now, if this intelligence is released and the u. S. Accuses iran of being behind the attack, that meeting may not happen. Meanwhile here on capitol hill, there are concerns about the language the president is using for potential responses. He said hes not eager to go to war. He also said the u. S. Is locked and loaded democrats say the president needs to back off that type of language until we see some type of evidence of whether iran was involved thank you, tracie potts live in washington, d. C thank you. Energy majors responding to the attacks. Chevron ceo discussed that issue. It is too early to discuss the ramifications of this. Other than to say, i do think the Energy Sector has been some what out of favor. Part of that is perhaps the market had grown a little bit comfortable with risks that we never become comfortable with. These events demonstrate those risks are real lets get to more insight here globe al oil Research Platform chris, as we talk about what the chevron ceo just stated. Can this be built into the Global Markets given what we saw in saudi arabia . Is. Absolutely, there is a need now. As we look back to october last year, Oil Prices Went up to 86 a barrel because of concern. This has taken out a lot of that Spare Capacity potentially 3 Million Barrels a day which will take time to come back on to the market. More importantly has completely changed the geopolitical environment in the middle east this is a complete change of who we have seen before where we are seen attacking with infrastructure with their intent to show capability and not necessarily to cause harm. This is a shift in the level we have been seeing it doesnt seem as though u. S. Secretary rick perry has any real worries about this. He made statements that the world seems perfect et why i well supplied right now. Is there a case to be made that, yes, that proves some of the premium but they should push prices lower longer term i think there is a danger here clearly the tension as you heard is mounting between the u. S. And iran the locked and loaded comment. Albeit the u. S. Has stepped back a little and put the responsibility on saudi arabia to take the first step in responding to this the question is how do they respond. The tension between the biggest producers in the world creates the concern. You are right, we shouldnt get carried away there is plenty of supply. Albeit, the supply will get tight. The movement of prices yesterday into the high 60s was a measured response i think as the market staurts to ingest some of the information from saudi arabia and starts to understand how prolonged this impact might be on supply, maybe as i say, 3 Million Barrels a day, we might start to see prices move more perhaps into the 70s on the short term. There is Spare Capacity. There is storage available in saudi arabia and outside of saudi arabia the iea has stocks in the reserve as the u. S. Is willing to make clear should prices start to escalate. Lets look at the demand side saudi arabia is pretty dependent on asian markets is there a scenario in which demand from places like china and emerging markets like asia start to put pressure downward as well. Indeed, asia supplies three quarters goes to asia. The concern initially is around supply if we do start to see prices go up, they will see the demand if we are to reach around 80 a barrel, which is not that far away, that would reduce demand growth in the world from around a Million Barrels a day to around half a Million Barrels a day. You start to have the demand response this is why we are not necessarily calling for triple digit, which some are talking about. The real danger, the worthy that the u. S. Administration should be looking at is if we do move to these higher prices, we begin to push the gleobal economy int recession. Previously, this has been led by oil prices or energy prices. We are in that dangerous condition where there is significant winds the Global Economy is facing and High Oil Prices would there for push it further. A move to 80 would probably push gdp growth to about 3 . Chris, live in london for us. New headaches for early investors in wework. We have the latest good morning, the Parent Company still says it intends to complete the ipo by the end of the year the company had planned to launch a road show as early as yesterday. But reports say wework has struggled to generate interest from investors on concerns over the increasing losses and the amount of control by Company OwnerHoward Neumann it also dropped a provision that would have allowed his wife to lead the search for his successor should he die or become incapacitied. They may seek a valuation that would be valued less than the 12 billion since 2010 softbank has been pushing for the ipo to be delayed. Theyll hold a companywide news cast for employees much more on the saudi oil strikes and the impact on the u. S. Energy. President trump dialing up the pressure on fed chairman jay powell what investors are saying. Thats next. Youve heard of fake twitter accounts, what about fake streaming accounts why one media giant could be in hot water this morning a busy hour when we return after this y creating the future. So, every day, we put our latest technology and unrivaled network to work. The United StatesPostal Service makes more ecommerce deliveries to homes than anyone else in the country. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Welcome back to the show futures pointing to the every so slight drop. Down about 17 points if these losses hold into equity cash trading. We are about one day away from a big trading. The policy meeting likely culminating in another 25basis point rate cut the president s pressure to cut raids adding to the Global Economy. Joining me, chief over at Avalon Investment advisory. Yes, i think markets already have that well priced in we can also be assured President Trump wont be happy with only a quarter but thats probably all hes going to get. Is there a situation we see oil prices possibly rising, maybe shorter medium term, inflation coming up a little bit. Or is this a situation where the markets really need rate cuts to keep the markets going towards record highs i think the feds calling any rate pickup, theyll focus, if they even talk about it at all about the danger of the Global Economy. The interesting thing is at least for the u. S. This is interesting because it is different than it used to be, you actually probably see Fourth Quarter a little better thanks to these higher prices and probably see a further production the problem comes more globally because of the pressure on europe and emerging markets like india that doesnt adapt as well most countries would have a hard time changing over even though you see prices going up, you see demand going higher. The rally in energy stock has been dramatic. Very, admittedly depressed levels is this something that can continue if oil doesnt have a move that much higher than where we are right now it is a tough one weve been talking about it at avalon, we have decent expose your in the energy space which until recently has been a bit painful. They can, in a sense, that youve got some sort of risk premium now probably rightly so built in to some of the companies. I would say we are not in a place where we necessarily chase them at this point we are happy with the ones that we own if you were in a situation where you needed to put new money to work with markets just away from record highs, are you value hunting or looking for companies that have been discounted the alphabets of the world, facebooks of the world right i still think the value side is the side there is enough worries about say the Global Economy, u. S. Economy, not to the extreme we had. You still think about industrials, consumer discretionary. Some of the worries that that would crack. People should keep in mind that it is different thishe past, we unequivocal. Now we benefit up to a point the benefit of Higher Oil Prices bill stone, we appreciate you. Thank you still coming, trouble at corning. First, your stat of the day. 1. 5 billion. Thats how many iphones apple has sold through 2018 according to data. Apple stopped releasing unit sales last year. The new swath of phones will hit store shelves this friday. We are back right after this so servicenow put your workflows in the cloud, huh . Mmhm. Your employees must love you. Thank you. Ah, you could say that. So how are things with you guys . Great. Thank you. Thank you, sir. Lunch next week . Terrific. Say hi to the team. Will do. Call my office, i will. Sounds good. Alrighty. Servicenow. Works for you. Hour 36 in the stakeout. As soon as the homeowners arrive, well inform them that Liberty Mutual customizes home insurance, so theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. You should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. 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Markets are stable this morning. If everything holds true, the dow jones would be down. Nasdaq down by about 5 points. A live report from saudi arabia as the countrys Energy Minister is set for an update a cnbc exclusive of one of the top producers. Ceo of Cheniere Energy when we return right after this. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. I was on the fence about changing from a manual to an electric toothbrush. But my hygienist said going electric could lead to way cleaner teeth. She said, get the one inspired by dentists, with a round brush head. Go pro with oralb. Oralbs gentle rounded brush head removes more plaque along the gum line. For cleaner teeth and healthier gums. And unlike sonicare, oralb is the First Electric toothbrush brand accepted by the ada for its effectiveness and safety. What an amazing clean ill only use an oralb oralb. Brush like a pro. I thats the retirement plan. E, with my annuity, i know there is a guarantee. Its for my family, its for my self, its for my future. Annuities can provide protected income for life. Learn more at retire your risk dot org. No talks at any level irans Supreme Leader lashing out at america after new reports indicate the Saudi Arabia Oil strikes originated from iran cue the cuts, jay powell set to kick off as the central bank looks at risk to growth. And youth vaping crackdown as they look to turn the pressure up on the entire industry it is september 17, 2019 you are watching Worldwide Exchange here on cnbc welcome back to the show lets get a check on other top headlines Francis Rivera with more we start with donald trump who is heading into hostile territory. He has started a tour of california ahead of several sold out fundraisers in San Francisco and los angeles. Looking to win over light blue states like new mexico and nevada voters in israel are going to the polls for a do over president ial election. Netanyahu is trying to become the countrys longest serving Prime Minister it would be his fifth term in office in netanyahu, he failed to take a win. A new election was called. Todays vote could be just as close. His challenger is former military chief the two are neck and neck in the polls. Watch this athlete who performed 59 thumb mockupushupe a minute the new champ said he was happy but he hoped to do 100 thumb ups. Not bad for being all thumbs that might inspire me to get back to the gym. Just doing a basic pushup one pushup is okay with me. Thank you for that here is how your money looks now as we are half way through the 5 00 a. M. Hour in new york stock futures looking fairly in5 0 kif coming off the first down day in about eight. The dow would open by about 11 points we continue to watch energy. That sector coming off its best day since january as we saw Oil Prices Soar following those attacks in saudi arabia. More coming up on that the bond side of this, the fed kicks off a twoday policy meeting, the 10year note about 1. 8 the nikkei in japan relatively flat with he did see down side moves in shanghai and hang seng. In europe, seeing a little stability in key forces there. The german dax as well new fall out to the saudi arabia attacks, the Energy Minister is set to hold conferences today where they have cut supply by about 50 as the iran Supreme Leader says there will be no talks with the u. S. At any level. This follows a new nbc report that sources indicate the attacks originated from iran the u. S. Says they are not ready for a military response just yet. We have a lot of options but im not looking at options right now. We want to find definitively who did this we are dealing with saudi arabia and the crowned prince and your neighbors. We are talking and well see what happens well see what happens. Going now to saudi arabia. What is the kingdom d