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Futures little bit negative here in the u. S. On over in europe, 1. 3 . Y stocks 600, down almost 8 last quarter, switch on the board. Global market being reduced to what feels like one big fat trade. Stronger euro. Score card and treasuries ahead payrolls. Yields pushing higher by two bases point. Crude prices down by 2. 43 . The bottom one, bought to you by saudi arabia. Love these little. Ponsorship we will start getting money. Justt to point blackberry cents a, loss of three share. Lets get a check of the headlines. Starting with saudi arabia is getting ready for the twilight oil age by creating the sovereign fund. Themmed bin salman said fund will control more than 2 million. Asset will be shared. At the Nuclear Summit in the focus will be on islamic state. President obama will try to efforts from again oh keep getting nuclearettin facilities. And new york are with the first states with the 15 minimum wage. Approved in califo ....
Tom totally agree. Over the last two or three years, jobs has been pushed aside by the Global Economy, by the dynamics, even with brexit coming up, theres a whole host of issues coming up. Weve got the right guests coming up from u. B. S. Francine well have break news the last halfhour on china. The ministry of finance fighting back the rating downgrade that we broke on surveillance yesterday. Now lets get to the news. Francine, thank you so much. In washington, the focus is on Islamic State. President obama will try to rally interpret support for an effort to keep terrorist groups from getting a Nuclear Material and other weapons of mass destruction. Theres growing concern Islamic State may target nuclear tensions. Tensions over the south china sea. Indonesia will ....
Acquire some of the radioshack locations. You shack is moving toward a deal to sell a portion of their stores and close the rest of them. Sprint has discussed buying up 2000 radioshack stores. The two biggest officesupply retailers in the u. S. Are looking to merge. According to the wall street journal, talks between staples and office depot are in advanced stage. Bp feeling the collapse in oil prices. Fourth quarter oil fourthquarter profit the Company Reported a 4. 4 billion loss after running down the value of oil and gas fields. Bob dudley told bloomberg that oil is likely to stay low for quite some time. You look at the fundamental supply and demand. It reminded 1986. It reminds me of 1986. Able be a long time before we see 100 again. Oil is up for the fourth day in a row. More than 51 per barrel. There is likely to be a settlement in the governments sub prime mortgage bond suit. S p would pave 1. 4 billion to settle claims ....