Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
Nothing enflames our market readers more than rising oil prices. I thought I'd share some of your views. You blame Congress, Boone Pickens and CNBC.
When Boone Pickens speaks, we know the oil market listens. But we were very interested to see that Birinyi Associates were listening as well when Pickens was interviewed by Becky Quick on "Squawk Box" today.
Wall Street is on inflation watch Tuesday. In fact, it is beginning to be on inflation watch everyday. The producer price index, the measure of inflation at the producer level, is released at 8:30 a.m. and is the only item on the economic calendar for Tuesday.
"The price of oil seems unable to go down. Despite sky high prices and a clear slowdown in consumer spending and in consumer confidence, oil forges ahead. The reasons are several, although I think the price is ahead of the fundamentals and will correct..."
Art Cashin of UBS says stocks are surging after Japan delivers a double whammy of good news.
The midterm elections could pack some surprises for markets Tuesday.
Names on the move ahead of the open.
Earnings from Exxon and Chevron, and data on consumer spending, income and inflation are highlights ahead of Friday's opening bell.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
CNBC Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.