Well look at the geopolitical impact. The question is unproven reserves. How do you count an unproven reserve . Unproven exactly. Well ask about that coming up. Plus, the fbi announcing today it will not recommend any criminal charges for democratic president ial candidate Hillary Clinton. And she is about to speak along with president obama. Theyre at a Campaign Rally in charlotte, North Carolina. Well take you there live momentarily. Lets start with the u. S. And uk banks under pressure. Bob pisani . Hello, william. You throw in the slow growth and zero, essentially zero bond yields and problems for the banks. Once again, after rallying briefly last week, the uk banks are weak. Barclays down 5 . Same thing looking at rbs. Come on over here, vinny. Down 8. 3 as you can see here on top of the declines that we saw earlier in the week. If you take a look at how much weve been down in the last six the brexit announcement back on the june, june 23rd. B b barclays down and most of the banks
Its down 1 . Shanghai is down close to 1 . We are getting news out of reuters japan manufactures may cut profit targets. That is certainly a story that the market is watching. Heres whats happening in europe. The ftse 100 in the uk is the only average that is positive although only by about. 10 . Good morning. Well get to politics in just a minute. Starbucks missed forecast for the Third Straight quarter. Customers making fewers visits. Earnings matched estimates, but revenues fell short. Changes to the Loyalty Program and happy hour weighed sales. Also cutting annual sales growth target to 10 . Chipotle experienced a drop. Free food and Safety Measures failed to bring consumers following several food born illnesses last year. Dow components is set to report this hour. Well bring you the numbers. Thats about 6 30 a. M. In about a half an hour. All right. Scott. Good to see you. Thank you for being open to the early wakeup call. Get through this together. If we were up late. No better w
And the biotechs sbas he things could have a potential upside. And jeff bezos. Producing an agreement. The real story could be a power struggle in saudi arabia that appear taos be emerging. Well take you live doha for more on that story, but lets begin with netflix. Two big stories out. Our Julia Boorstin is standing by. Josh is all over ibm. Give us a little preview here to kick things off. When netflix reports all eyes will be on ids streaming video subscribers and whether they need or sur paez the nearly 18 million that would reach this quarter and we could expect particular focus on how many they project for the Second Quarter. Also the impact of some price hooiks rolling out next month in the u. S. The companys forecast to grow revenue 25 , 1. 97 billion while earnings per share are expected to fall. This is the companys Global Expansion as well as more original and exclusive conflict. Well also be listening to see what is said about amazons new offering. Prime video service, stan
Im tyler mathisen. Welcome, everybody. We begin this hour with the latest on that massive blaze. Cnbc is 200 miles south of the fire line in edmonton. Hey guys, the cooler weather and light rain is providing some respite for Fire Fighting officials. This wildfire is still out of control and is being referred to as the beast. Now i want to put the size of it in perspective for folks watching from home. Consider this. It is now twice the size of new york city, all five bureaus. Twice. It is absolutely massive. 10,000 people now have been displaced. As for the city of ft. Mcmurray, the gateway to Canadas Oil Sands, the zbas shut off. The electrical grid is damaged. The water is undrinkable. That makes it very difficult to know when the thousands of displaced residents are going to be able to return home and find out if their homes are even still there m of them are behind me at the Evacuation Center here in edmonton. Even officials here, the manager of this Evacuation Center doesnt know w