Bell. Our road map begins with trump policy reset. Whos who of ceos head i by Steve Schwartzman returning to the white house with Infrastructure Spending and tax reform topping the agenda. United doubles down after dragging a passenger off an air flight. The can. Is facing a big pr bash backlash. Pricing Political Risk, Rex Tillerson makes his first diplomatic visit to russia. All in attendance for a strategic and policy meeting with the president and senior ple members of the administration. President trump will make remarks which well get later on this morning, well see about arrivals and departures, whether or not we can talk to them once on one. Infrastructure, tax policy, going to have a business will have a seat at that table. This is heavyweight group. I hope Doug Mcmillan talks about the notion of technology and what it means for walmart and the border tax means. The reason because walmart hired, huge employer now were talking about the big. Biggest employees over 2 million emp
Pausing. Not a lot of action in the u. S. Major averages. The nasdaq modestly higher. The dow and s p trading a little lower. They all opened up just slightly. The Energy Sector is weighing down markets. It will be interesting to see how the day trades at. As for two of the big laggers, boeing and nike. , while a downgrade boeing is lower after the president elect tweeted that costs are out of control for the new boeing air force 1. Cancel the order. Turning now to why the Energy Sector is the worst drag. Oil down for the first in five days after the opec supply cut last week. Out interestingly, after that deal was cut, news came today that production just hit a record for of 34. 6 one Million Barrels million 34. 61 barrels a day. Looking at g btv 399. In blue, the xop. In white, the uso, and oil etf. S have it appears investors would rather own Oil Companies rather than oil it self. Mark love that chart. I was going to do it myself. European equities rising a second consecutive day. T
We will hear from one asset manage who are says now is the time to buy into this beaten down industry. Where is the Broader Market heading as we wind down here. Were winding down the year . Its only october. Christmas is around the corner. Morgan stanleys adam parker and David Rosenberg will weigh in with their view of what happens as we make our way through the Fourth Quarter. Uber seek to go raise another billion dollars and you wont believe how much that could put the company in terms of valuation. Details coming up. Lets get to our Closing Bell Exchange with the dow down 30 points and we have had some Economic Data out this morning, a lot of cross winds in the earnings arena as well. Anthony chan from chase is with us here at post 9, so is Kenny Polcari and our own Rick Santelli joins us. Here we are again not a lot going on for the major averages. There are certain individual stock stories certainly but overall the market just me and rings here. Its meandering today but it wasnt l
Hello, nigerias observessive he against boko haram in the northeastern part of the country. Chad afned and niger first major push into the country. Mohamed idris reports. For neighbors the fight against boko haram has taken on a new urgency. The objective is to push the enemy into the corner. More than 30 towns and villages have been liberated. For niger chad and cameroon, defeating boko haram is crucial. Five years of fighting has cut off trade against he them from the africas biggest economy bigger threat to the entire region. In nigerian troops wanted to crush boko haram in the last five years say they are now in a position to do so. We are now adequately equipped. We have taken delivery of the gamechangers. And from the president himself. We have been taking delivery of new equipment one of which what you have seen right behind me right there. And we are planning to defeat boko haram. Before this level it was a defensive operation but now we are on the offensive. The military had i
Meeting with his Transition Team as he works to build the rest of his white house staff and the cabinet. Meanwhile, team trump still not accepting reality. President trumps advisers now telling nbc news, while trump might accept the Election Results at some point, its not likely that hell concede. Well, guess what. He doesnt need to. Our team of reporters has the latest on all of this. Kristen welker in wilmington, delaware, covering team biden and eli stokols, White House Reporter for the l. A. Times. Kristen, weve got to talk ron klain. As the chief of staff, does that tell us this administration is going to be all about covid . Absolutely, stephanie. Remember, ron klain was named as the czar to handle the ebola crisis during the obama administration. So president elect joe biden sending a very clear signal that this is at the top of his agenda. And that was, of course, underscored earlier this week when he announced his 12member Covid Task Force to deal with the issue. Ron klain, th