Stay updated with breaking news from Whitney tillson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Activist attack on wall street. This time, United Airlines. Two hedge funds with stakes in united announcing they think the board stinks and they want its own birthdays. What is interesting im looking a the release from par capital and all item meter capital. They own united shares. And they say say we are not shortterm traders nor are we activists. Yeah, right. They are active right now on getting six people onto the board. Including Continental Capital gordon buffoon. There are not people who will argue that united lagged its competitors. Its performance over the last five years, it has been underperforming relative to its competitors. By the way what you are looking at right there those are members of a Teamsters Union protesting out the jp Morgan Trans ....
Worldwide exchange on cnbc. Im sara eisen. And im wilfred frost. U. S. Equity futures at this hour, lets have a look. Theyre pointing to a slightly positive open, taking a cue from european trade perhaps. Were looking at the dow called up by 74 points. The s p by nine. The nasdaq by about 20. Of course, also rebounding from a couple of soft days of trade after, of course, a nice bounce the previous couple of weeks. Today marks the seventh anniversary of the current bull market, even if it hasnt always felt like one lately. Check out these returns. The dow up 159 . The s p, 193 . And the nasdaq 266 . Well have much more on u. S. Stocks in just a minute. And whether were still in this bull market. But first, lets get you up to speed on the trading action overnight in asia. Chinese shares dropping on renewed concerns about the economy over there. The chinese currency weakened, and the chinese stock market broke its fiveday winning streak. Japans nikkei closed lower by almost 1 . A stronge ....
1. 3 . In the early trade this morning over in europe, youll see that there are some green arrows there. Just like our futures are reflecting this morning, youll see the dax is up by just over 0. 6 . The cac is higher by 0. 7 . The ftse up by about a quarter. Take a look at the price of oil. Oil is what set the tone once again yesterday. Wti with its worst day in almost a month. You can see this morning its picked up some ground. Another 49 cents to 36. 99. Actually, sitting right at 37 a barrel. Results coming in overnight from yesterdays nominating contest. Im exhausted, john. John harwood joins us now with more. I probably shouldnt have waited for hawaii to get called. You should not have waited for hawaii. There is some merit to that, the idea of doing this show from honolulu. It would be a 1 00 a. M. Show, wouldnt it . Wed have the whole rest of the day free. We would. Part of the previous night free i think too. Correct. Anyway, john, im fascinated. I think maybe most fascinating ....
The second Largest Oil Company in the United States outlined a new strategy as executives try to manage through the changes that royal the oil these days. Crude prices, which are expected to stay lower for longer are making it for difficult for the Largest Energy companies to invest their capital, spend on improvement and follow through on ambitious profits, yet alone make profits. Chevron shares fell 2 after the plan was outlined at an annual analyst meeting. The ceo made it clear that chevron is doing whatever it takes to protect its dividend. Chevron ceo and chairman outlining three major points to maintain a dividends while slashing spending and ramping up production. It will add revenue to our bottom line. Well be able to take our spend down. Well stay pretty we balanc the number two u. S. Energy company cutting ....