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Good wednesday morning welcome to squawk alley. Im Carl Quintanilla along with Morgan Brennan here at the New York Stock Exchange. One more day of jon fortts time out west, this time in san diego at qualcomm headquarters 58 points only for the dow but well begin with uber and the expiration of that post ipo lockup period meaning that an estimated 90 of shares are now available to trade at a new record low in the stock today. It was off the lows but down another buck and change means its hanging on to 26. 78. Foundation partner paul holland is with us along with mike isaac of the new york times, author of super pumped, the battle for uber. Good morning, guys, good to see you both. Good morning. Hey, hey. Mike, because were all trying to gauge the interest in owners alleviating themselves of shares in this expir ....
Carl quintinilla with sara eisen, john fon fortt joins us crude inventories, lets send it back to jackie. Carl, you can see prices are spiking on this report it definitely was bullish, what i have is a crude drawdown of 6. 3 million barrels, a gasoline drawdown of 3. 7 million. These are more in line with the seasonal trends, more in line with what we heard from the api last night that makes sense, you have demand coming from summer driving, fourth of july, Holiday Weekend as well. I dug into that report, production did go up that 100,000 barrels we lost last week, we gained it back this week. Im not sure how people are going to interpret that. Im assuming its probably going to be a bearish sign mixed in here we were trading 4575 before the report came out, 4624 now. Back over to you. All right, were watching crude along with that, jackie, thank you very much. Meanwhile, the president arriving in germany earlier this morning ahea ....
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