How big of a threat ISIS may be, with Frank Anderson, former Near East South Asia CIA chief, and David Phillips, Columbia University.» Read More
President Barack Obama comments on the Iraq situation saying the U.S. will not be sending troops back to Iraq, but will be reviewing other options to help support Iraqi security forces.
President Barack Obama is set to deliver comments on the "state of play" in Iraq, reports CNBC's Eamon Javers.
CNBC's Rick Santelli discusses the latest action in the bond market, and how geopolitical events affect the markets.
BAGHDAD, June 13- Iraq's most senior Shi'ite Muslim cleric urged followers to take up arms against a full-blown Sunni militant insurgency to topple Shi'ite Prime Minister Nuri al-Maliki, escalating a conflict that threatens civil war and a possible break-up of the country.
John Drake, head of global intake and Iraq specialist at AKE, says ISIS has used intimidation to take over areas of Iraq.
*IEA plays down risk of sudden Iraq export hit. LONDON, June 13- Brent crude edged further above $113 a barrel on Friday, up about $4 since the start of the week, on concerns that an insurgency in Iraq could trigger civil war and eventually hit oil exports. "The market in general is trying to assess the risks on Iraq.
Discussing the immediate threat to U.S. oil supplies, with Charles T. Maxwell, American DG Energy chairman. Maxwell says the likelihood of a complete stop of oil development in Iraq is becoming greater every day.
*Intel up on outlook, OpenTable soars on Priceline deal. Intel Corp was both the S&P 500' s biggest gainer and the Nasdaq's most active name, jumping 6.2 percent to $29.70 a day after the Dow component raised its full-year revenue outlook, citing stronger-than-expected demand for personal computers used by businesses.
CNBC's Michelle Caruso-Cabrera provides an update on the crisis in Iraq, and how the unrest is sending oil prices higher. Secretary of State John Kerry said he "anticipates timely decisions from the president" in regards to the challenges there.
Prime Minister Nouri Maliki blames his Sunni political opponents for conspiring against him and supporting armed groups like those that took Mosul, while his Kurdish and Sunni rivals- including Mosul governor Atheel Nujaifi and brother Usama, the outgoing speaker of parliament- say he failed to heed their warnings that Mosul's implosion was coming.
*Iraq fighting boosts oil, saps global equity averages. NEW YORK/ LONDON, June 13- Escalating violence in Iraq drove oil higher and sent stocks lower on Friday, putting a global equity index on track for its first weekly loss in five weeks.
The deteriorating situation in Iraq "might play out for quite some time," but U.S. stocks should be able to weather the storm, Gabelli Funds' Howard Ward tells CNBC.
Discussing how unrest in Iraq is weighing on the U.S. stock market and if investors should be concerned, with James Stewart, columnist for The New York Times.
Gen. Barry McCaffrey, McCaffrey Associates, discusses what options the U.S. military has in assisting the Iraqi government. McCaffrey says this is a disaster and U.S. air power is not going to make a difference.
ISIS militants have seized Mosul and Tikirt and are vowing to topple Baghdad. NBC's Richard Engel reports militants have begun to impose hard line Islamic Sharia law.
*IEA plays down risk of sudden Iraq export hit. LONDON, June 13- Brent crude oil pared gains but remained above $113 a barrel on Friday on easing concerns that an insurgency in Iraq would trigger a sudden and significant halt in its oil exports. Most of Iraq's current oil exports come from south of Baghdad, still far from the Islamist rebel fighters.
The "Squawk on the Street" crew eyes the developments in the oil market and Iraq as the Islamic State of Iraq and al-Sham (ISIS) gains ground.
The Sunni fighters, who stole $450 million in a bank heist, were reportedly only about 40 miles from Baghdad on Friday. NBC News reports.
*Intel up on outlook, OpenTable soars on Priceline deal. NEW YORK, June 13- U.S. stock index futures pointed to a slightly lower on Friday as some positive corporate news supported markets, though ongoing violence in Iraq gave investors pause.
President Barack Obama is likely to make "timely decisions" on the situation in Iraq given the gravity of what has happened there in recent days.