CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.» Read More
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...
Energy. Media. International Investing. Look for interviews on those subjects in our look at the year ahead. Our guests today are Tom Petrie, Vice Chairman of Merrill Lynch, Audrey Kaplan of Rochdale Investment International and Brian Stelter of TVnewser. We’ll also continue our “7 For ‘07” series of reports on important sectors of the economy, featuring Bob Pisani on stocks and Julia Boorstin on media and entertainment
It's all about the jobs report today. World stock markets trend flat to lower ahead of the report and U.S. stocks are mixed ahead of the opening. The dollar remains in a tight range and oil traded higher over night on expectations OPEC may limit production again when it meets next week.
Hugo Chavez easily won re-election as president of Venezuela on Sunday. Chavez called his re-election--a defeat for U.S. President George Bush. Chavez said he will continue to use Venezuela's oil to expand social welfare programs--and continue to challenge the U.S. in Latin America. It's no secret the two men don't like each other.
OPEC ministers sent conflicting signals on whether the group needed to reduce oil production further to bring markets back into equilibrium.
OPEC is likely to trim production again, the president of the oil cartel said this morning, adding that he expects a cut of at least 500,000 barrels a day.
Angola, sub-Saharan Africa's second biggest oil producer, said it will apply to join OPEC, a move that should add more clout to the global producer group and the southern African nation.
OPEC could make oil production cuts for the second time this year--so says the Saudi Oil Minister Ali Naimi. He says supply continues to outweigh demand. But it's not a done deal. The oil organization could wait until their December meeting in Nigeria-- to assess the impact of the October cuts--before cutting even more production
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nat gas was down on the day, but remained above $5. Oil was up slightly on the day. And gold was up, as well.