World leaders have wrapped up a G-7 summit in Germany, with a stronger stance on climate change, among a wide range of issues. CNBC's Carolin Roth reports.» Read More
Falling oil and weaker global markets are the backdrop for a likely lower opening in U.S. stocks this morning. Saudi Arabia's oil minister Ali Naimi knocked the wind out of oil prices early today. In an interview with the Wall Street Journal, Naimi said he was satisfied with market conditions and that OPEC may not need to change output.
Currency issues are expected to take center stage this weekend as finance ministers and bankers from the world’s seven richest nations gather for a meeting in Essen, Germany. Weakness in the Yen will likely spark a debate involving Germany, who wants the G-7 nations to prevent hedge funds from having too much influence over currency markets.
Robert Hormats--who served on the National Security Council during President Gerald Ford’s administration--appeared on “Morning Call” to give his take on the 38th president of the U.S. As we’ve been reporting all morning, President Ford died last night at the age of 93. “He may not have been the greatest president in this country’s history,” Hormats said, “but he was certainly one of the most decent.”