. >>> >> the failure of producers po agree was partly offset at least for today by a strike in kuwait by oil workers there. the nation's output was cut in half today, helping support oil prices. hadley gamble in kuwait has more on the worker demand. >> reporter: a second day of strikes by oil and gas workers in kuwait served to offset much of the price depression following failed talks between opec and non-opec producers over the weekend in doha. but that bounce in prices could be short-lived. kuwaiti production was slashed by 60% on sunday as thousands of unionized workers refused to come into work. kuwaiti officials now say they plan to return production to normal levels in the coming days in spi of kuwait's 13,000-strong oil and gas union are protesting cuts to wages and benefits as the oil-producing sovereign looks to tighten its budget. while many expat workers remain on the job, the kuwaiti government is taking a hard line with the strikers, threatening to bring in more workers from abroad to fill in the gaps, as well as take legal action. an official statement released earlier

this is kuwait oil production. typically, it is around 3 million barrels per day, but there is a worker strike going on. 20,000 workers are striking because they don't want to see reduced payments or benefits. because of that, reduction is estimated to be around one million barrels of oil -- production is estimated to be around one million barrels of oil per day. kuwait has not seen production that low since the 1990's. they have a ton of inventory they can sell into the market. are than a week, it's significant supply disruption the market is not necessarily ready for, and inventories cannot make it up. talkinge people were about that last night after the doha failure, pay attention to kuwait. as the day went on, more people were talking about the disruption. atrlet: i am taking a look another gulf market, saudi arabia, and able market has been snatched from them. close but no bull market after the week and -- weekends delhomme meetings. dohas -- weekend meetings. this is late march, and here it is again today. th

as a result, kuwait's production dropped by more than half yesterday. one of the reasons why the fall isn't bigger in response to the qatar story. >> it was a big question because mid-february oil bottomed as well as the global markets, which followed suit on hence and word of this production freeze. so it was a big question as to how much oil prices would fall. last night it looked like it was going to be very ugly and then this morning only 3.3%. really cutting the losses in half as news started to trickle through that kuwait was taking as much as almost 2 million barrels per day offline because of this labor strike. >> yeah, and i think that is a big point. and just generally as you were saying, we are down 3%, that's a big intraday move, but 39, we are still close to 40. we are much closer to where we were. >> a lot farther than 25, which is where we were earlier in the year. energy markets are sensitive this morning. here's what the u.s. equity futures are doing. they are lower but they were a lot lower an hour ago. dow futures down 50. s&p down 6.

that's hadley in kuwait. meanwhile the market response in asia, of course the rebate in oil helping market there is, particularly in japan. sri joins us. >> hi nancy. broadly we are seeing a rally greased by the machinations in the oil price. so it is really down to the u.s. dollar and oil the big risk events in the market. that is dictating the pace and town in asia. i think it comes down to the fact that underlying sentiment remains fragile because we haven't seen convincing rebound in export-led growth. that's central to a lot of these economies, especially the very open and trade dependent ones like singapore and korea. incidentally we did have the bank of korea hold rates. but the broad consensus view is that if we continue to see the strugishness in exports the next move could be a cut by the bank of korea. >> and you will notice japan's nikkei up almost 4%. @street signs cnbc. i'm on @nancy cnbc. >> reporter: lego recently overtook has bro to become the nation's second largest toy maker. given their su

talks are due to take place in kuwait next week. >> reporter: this is one of the oldest cities in the world and it has been in houthi rebel hands for more than a year and a half. people here and right across yemen have borne the brunt of the civil war and while they may have different allegiances, many are united in their desire for peace. >> translation: we're for peace. we support a ceasefire solution in every day. a ceasefire is what the yemeni people want. we need commitments that everybody abide by. >> translation: we need one that lasts forever, not just a few days >> reporter: the movement started in the north and has been going on for years. this latest conflict began in september 2014 when houthi rebels swept into the capital. they forced out yemen's government and have been fighting to expand their territory ever since. u.n. sponsored talks to end the fighting aare due to start in kuwait on 18 april but it will be complex to unrovl. the shia houthi rebels are backed by the former support of the president and have the support of iran. they have been fighting forces loyal to y

oil workers in kuwait are striking right now. there's a thought that maybe a million to a million and a half or more barrels per day could be taken offline. here's the thing. this is why it's kind of a maybe in terms of the price drop. kuwait telling the middle eastern news agency today they could be back at full production within days and indeed, might try to increase output. so if you are an oil bull because of kuwait, your hopes may be short-lived. for now, everyone left and the next time we meet is june 2nd in austria at a formal opec meeting. remember, this was not an opec meeting but a summit, if you will, put together by qatar to bring everybody together. the next meeting officially in june. however, there was some talk and some chatter and some rumors that maybe between now and june 2nd, this 18-member group because we have 11 of 13 plus opec, russia and some others, could maybe meet again, perhaps in nigeria, perhaps elsewhere, to try to create another deal. in tints he interim, the sun ha on a deal. this is probably a b

brokered talks with staff on april 18 in kuwait. our correspondent has more. >> reporter: this is one of the oldest cities in the world and it has been in houthi rebel hands for more than a year and a half. people here and right across yemen have born the brunt of the civil war and while they may have different allegiances, many in yemen are united in their desire for peace. >> translation: we support a ceasefire in every day. it is what the yemeni people want. we need commitments that everybody abides by. >> translation: we want a ceasefire that will last forever, not just a few days. >> reporter: the uprising by the houthi movement started in the north and has been going on for years. this latest conflict began in september 2014 when houthi rebels swept into the capital. they forced out yemen's internationally recognised government led by the president and have been fighting to expand their territory ever since. talks to due to start on 18 april, but the yemen conflict will be complex to unravel. the shia houthi rebels are backed

they can thank kuwait. there's a big strike in oil workers for kuwait. we will put a little red line through that, because al arabia reports that kuwait is saying in a couple days we'll be back to full production and maybe go to two million barrels a day maybe as a thumb in the eye to the striking workers. kuwait may not hold the bull case for long. do you have u.s. production down 700,000 barrels year over year. maybe we get opec to somehow come back together in another meeting before june. those are the bull case fundamentals. supply/demand doesn't come away that different except for kuwait but i can't highlight enough, lot of the reports in this region suggest kuwait is not going to last long. we'll see what happens. there's your bull case, your bear case. all the cases. >> who is on the case in doha. we will see you coming up in just a bit. >>> what does the doha disappointment mean for oil stocks? let's ask the top ranked integrated oil analyst on the street. he is with evercorps isi and joins us on the phone. doug, welcome back to the program. what

kuwait strike ending.t did not seem to have any effect on the market. on relevant tong the market in the short or medium term? guest: i don't think so. i don't think what is going on in the region is that relevant with some of the global macro trends we are seeing. if they were able to coordinate some type of quota, we would see a better rebound on the price of oil. i don't think the things that are going on in the region have a significant impact. scarlet mentioned politics driving saudi arabia. what are the levers the country can pull in terms of offsetting declining oil prices? we have seen it cut back on markets and cut international debt markets. what else is there? guest: one of the levels they could have pulled is coordinating a quota price. that means they would have to sacrifice the market share. that would have required for them to reduce their production doubles which they are unwilling to because iran is entering the market. the iranians are willing to set a vote of that they do not feel like t

but what we should have been looking at is kuwait. why? i'll tell you why.ause you know what --? i'm talking about the tight oil situation in the market. the global market is over supplied by 1.5 to 2 billion barrels a day. how much overcapacity do you think there is in the world? that's it. so when kuwaitis have a strike -- kuwait we were worried about iranians can the saudis. if kuwait has a strike and its capacity goes down to $1.1 million barrels a day what happens? the market suddenly isn't oversupplied. and that is why we had the blip back up on wti. now the strike is over and that's why we're coming back down again. but it is a really important lesson for all of us oil watchers out there. keep an eye on the fundamentals and they can be very tight. back to you. >> thanks. >>> saudi arabia has taken out a $10 billion bank loans as it deals with falli ining revenues reserves. the first in 25 years. i think it is very relevant because they avoid things in 2011. one of the push backs you would say to them dealing with the oil price fall would be they are d

now, you referenced kuwait. perhaps nobody is luckier today than iran because of kuwait. massive oil strike could take a million to a million and a half barrels a day off the kuwaiti market. and here's where the math comes in to jim's point. we've seen the u.s. come down, kuwait's now going to come down. this provides iran a lot of cover to do what they want to do, which is kind of stick their thumb in saudi arabia's eye and increase oil output by a couple hundred thousand barrels a day, guys. they want to get back to 4 million barrels. all the talk was that yesterday saudi arabia wanted to put something in writing that would limit everybody's output including iran even though they were not here, but that some of the representatives according to the nigerian industry minister who i spoke with afterward said they simply did not feel comfortable for it. perhaps a win for iran. they got some support from other nations and they've got the cover to increase production. guys, i don't know how you feel. i'll send it back to you with a question. if we did not have the kuwaiti oil

what were you reporting on kuwait?? -- in ms.areem: i was not that controversial for authorities because the media is already well-controlled by the states and even the owners of the media they did not want to pass any criticism. my blogging, especially after twitter and facebook and the arab spring, all of that context brought visibility. i was using my blog and twitter to report on the protests of this stateless community that i belong to carry that upset authorities. they did not want that news to come out. they did not want the news on arrests to come out. the reaction was some harassment and hate mail. i was not arrested but i was questioned for speaking up. melinda: the harassment was coming from home? official government -- the harassment was coming from whom? mentioned, as you interrogations, questions, phone calls. and on the other side, you get anonymous people on the internet sending you messages to scare you off. you never know if these people were sent by the government or voluntarily doing it. that youyou mentioned

kuwait saying they might freeze production without evidence can do. we are seeing all down arrows at the greenback very strong today can other currencies. europe, u.k. pound and japanese yen in the dollar. lauren: the 10 year treasury standing up 1.3%. trade to thomas sachs is leaving the job made six as many wonder how that will affect what bob iger does. with no successor in place, the question is whether he will stay on past its intended retirement date of 2018. unless someone is hired to come the devil a lot of time to prepare to take over unless he postponed his own planned retirement. prepare for more battery life on your kindle. amazon to release a new candle with a rechargeable case. the cover will provide more battery life while also allowing the reader to be thinner than earlier devices. that is not all. amazon has a separate case under development that would charge the kindle using solar power. amazon ceo promised to reveal the details next week. we don't know the prices of new devices just yet. right now amazon's kindle voyages their most

one thing in oil's favor is an oil straight in kuwait's cutting about 60% of the nation's production. this putsvery least, support under oil prices, if not pushes them up into the positive on the lack of that production freeze. interestingly, it has had an outside effect on energy stocks. here are the groups on the move. gettingel has been greener and greener as of the day has gone on. now we're seeing subgroups that are lower. all the interest -- industry groups in the us of you have rendered a higher and energy is up by about 1.4%. there are some analysts, including phones that goldman sachs, who have said they anticipated people would come in ,nd buy the dead, so-called today, particularly with energy stocks -- that they would buy the dip. fmc technologies and apache are some of those in a fitting from this. betty: interesting. is weakening amid this impeachment vote. julie: right, different than what we have seen as we have gotten closer to a potential impeachment would right now, the dollar is higher by more than 1% against the real. the brazilian central bank came in with attemp

sponsored talks to end the fighting are due to start in kuwait on 18 april. yemen's conflict will be complex to unravel. the houthi rebels are backed by supporters of the former president and have the support of iran. they have been fighting forces foil to the president and he has the backing of nine states led by saudi arabia. houthi fighters tried to move last year on the port city of aden. there are other groups in the mix. there is al-qaeda which has taken advantage of instability to grow in strength and a yemen affiliate of i.s.i.l. it emerged in 2014 looking to eclipse al-qaeda. no sight has come clit-- site has come close to winning the war. houthi rebels still hold the capital. air strikes hasn't managed to break their hold. all this has come with a heavy human cost. the u.n. says that more than 6,000 people have been killed since air strikes began. around half of them were civilians and almost a thousand were children. people were starving well before the houthi rebellion. now many need humanitarian aid. the u.n. accuses both main employers of atroci

it is supposed to set the scene for peace talks in kuwait next week. our reporter has more.latest cease-fire in yemen finally bring peace to the country after more than 18 months of conflict? here in the southern city, the mood is not particularly optimistic. >> a local journalist believes the truth is a positive move but is convinced the cootie rebels -- the rebels will not respect it. the fighting that began has not stopped completely. most of the forces of the exiled government and the rebels have accused each other of violations in at least three different parts of the country. and yet, speaking last month, the rebel leader said he was in favor of a negotiated settlement. >> we said at the very beginning that wars cannot solve any problems for us, and if we want solutions, then it must be through dialogue, however long the war lasts. already one of the poorest countries in the middle east, the civil has killed thousands and forest more than 2 million out of their homes. much of the destruction the result of a year-long campaign of airstrikes by a saudi led coalition in s

sponsored talks to end the fighting are due to start in kuwait on 18 april, but yemen's conflict will be complex to unravel. the shia houthi rebels are backed by supporters of the former president and had the support of iran. they have been fighting forces loyal to yemen's president. he has the backing of sunni tribes and a coalition of nine arab states led by saudi arabia. the saudi-led coalition launched air strikes in march last week when houthi fighters tried to move on the port city of aden. there are other groups in the mix, mostly secular nationalists in the south wishing to breakaway from the north. there is al-qaeda which has taken advantage of instability and a yemen affiliate of i.s.i.l. in 2014 lacking to eclipse al-qaeda. -- looking to eclipse al-qaeda. no side has come close to winning the war. houthi rebels still hold the capital and eight of the 22 provinces. a year of air strikes hasn't managed to break their hold. all this has come with a heavy human cost. the u.n. says that more than 6,000 people have been killed since air strikes began. around half of them were civ

captain mario lopes learned his son was set to return from f kuwait last week he jumped ate t the opportunityo pilot a military flight to norfolkt to l virginia that same day.rgin turns out his son was on boardoa the flight. the captain worked with the crew to surprise his son. his s you can see the reaction right there.the. passengers cheered as theed ahe heartwarming reunion was captured on video.n v can you imagine the surprise sur when his dad is like hello,eel son, i'm going to be the captain of your flight home. flt >> i love that. and like sue said we just loveue those videos.those vide >> absolutely.>> a every single day. d >>> all right. r caps fans it is time once fan again to roc the red all overlle and down at the verizon veriz center.nter. >> the puck drops on thehe p second round series as the caps renew their playoff playo rivalry with the penguins.en jim lokay is lucky enough toto be down at the verizon center with more. hey, jim. >> reporter: hey, tony and shawn and it is starting to pick up. a lot of fans showing up.wing there are guys on stilts.nti why? well, why not. w n m

kuwait says they will move even without iran, who do we believe? saudi arabia cannot join. kuwait and the united a robyn meredith usually take the same position as saudi -- to find some kind of compromise suggest -- was unexpected within oil officials. now everyone is scrambling to find a solution. francine: are we going to have a breakthrough? >> we have about 11 days to go to doha. we may have a breakthrough. comments, the market is going to take the agreement -- or they just found a diplomatic solution with fancy language to get into an agreement. whatever is agreed to in doha, the comments by the crown prince water down whatever happens in the meeting. francine: the stocks were gaining. it is now down. people are saying they did not get enough money for it. they always say they wanted to have between $2 billion and $3 billion. they have to sell more than they expected. if you look at the equity and enterprise valuation, it is coming below what we would expect. it is coming below market expectations. francine: thank you. commodities we get minutes of the federal reserve'

not to mention the fact that as of yesterday kuwait's output is down 50%.perhaps it's sort of the belief that drives the price back closer to where it was a couple of days ago. but this is a pretty dramatic about-face. i would venture to say this earlier, price was down nearly 7%. >> well, the way i'm looking at it is this is very short-lived. i think we have a little bit more rally here, but that's it. we're going down. there's an oversupplied market. they couldn't come out with a meaningful agreement. this is not good for crude oil. yes, we did have some events that happened that bolstered crude oil a bit. i also think there's some longs in the market that don't want to get out just yet. we had a big dell selling come in around the 42 level, and i think we're going to see that again if we dorally up, and from there not much higher after that, down we go, and i think we're going to see $32 in not the distant future. liz: okay. it settled at $39.78. i just want our viewers to know that. mark sebastian, what brought the market back up above 18,000? got great

, that kuwait didn't contribute a nickel, kuwait contributed $60 million, maybe they should have contributede. but it's not knowing the nuclear triad was air, sea and land. i mean, he's uncurious. i think it is a direct consequence of great wealth. having spent my life, early part of my life raising money politically in campaigns, i found myself in the company of very rich people whose opinions were given apple polishing approval by the flatterers and sycophants in their court who went unchallenged and absolutely factually erroneous statements by including me who was just looking for money from them for my candidates and i really think this is it. no one told donald trump. donald trump never thought about the abortion issue. >> woodruff: the interview he did this week with chris matthews. >> with chris matthews, who was accredited with a determined job of interrogation. this is an issue with which america has been divided 43 years, nationally divided. america is pro-choice and anti-abortion. and he had no idea of the debates and i think this is the consequence. >> i would like to defend the

there is a strike going on in kuwait. -- that willt presumably just be temporary.e expect anything out of this? i don't know. angie: june 2, do we even care? >> i do not think the position for saudi or iran will change. if the oil change was to move up further -- >> how important was that? in terms of a deal not happening. how big of a game changer? >> what people are concerned about, the performance out of the refiners, concerned that on the risk of seeing an inventory fall. it matters for the oil producers listed as well. the correlation between old prices in the market. the reason we think there is a correlation is when the oil price is falling, it indicates deflation is going to be protracted. that tends to be very bad for top lines. it is very rational. a stable or price is probably very important -- a stable oil price is probably very important to a stable capital market. >> do you think the oil prices are a threat to the story? >> the oil price needs to move back below the 35 level before we would start to worry about that. the trend has been the oil price c

we are below 40 and we saw oil prices with a kuwait story putting a floor under the things. is the longest losing streak. supported and it is around the commodity markets. change and beay at a five month high. the dollar yen is at a 40 year helicopter. it will >> you like that? >> it will rain. it was four minutes past six in london. good morning, rich. >> good luck. is commodity that is appropriate with inflation. the meeting reassured strength would complicate a rebalancing. see adopted a wait and attitude with the change. and it was trimmed to 1.2%. there was an address to the nation after the house of congress voted on putting her in trial and she says she did nothing wrong. the people approve it and the president signs it. after signing, experts were consulted. with full knowledge, i have a clean conscience. >> i'm sure they know it. >> trying to get control of the fast food chain. -- and pizza hut could value a bank of japan board for nod.ion has been given a dojchange comes as the comes at home and abroad. mark carney will step in with a referendumport if a leads to t

kuwait is the next thing. is that going to be settled? that would make a difference, too.ore downward pressure. >> well, this striking kuwait at the moment, joe, is helping to temper some of the losses we're seeing today. it will be a relatively temporary thing. looking forward though it seems given we weren't able to see any sort of collusion in doha, we're going to see crisis come under pressure here going forward. that said, the wheels are already in motion for global balancing here and so we are already seeing u.s. production coming off. we've dropped below 9 million barrels. that will continue going forward. as brian mentioned, as long as we see demand coming through from china, india, and the middle east as well, we should start to see the market continuing to rebalance into the latter half of the year. in relation to what happened in doha with the absence of iran being there, there wasn't going to be much decided anyway. >> just wonder whether -- so the kuwait strike finally gets settled, it just seems like the saudis wanted one more push to show that they're seriou

we had kuwait, the strike there, definitely in the mix. >> absolutely. you are totally right.ere were a lot of people who were wondering whether the talks were affecting supply and demand. they were talking about freezing from levels that were the highest they had ever done. could boosture they production from those levels, and then you had five line allges in nigeria and iraq, these things which took supply off the market and help to balance fundamentals during that time, also helping to boost prices. in this what next oil-freeze drama? it just keeps on going. just this morning, bloomberg reported that iraq's deputy oil minister said that opec countries and some non-opec major oil producers will try to get together again, maybe next month in russia, to put together a more successful freeze deal. the story will keep continuing, i guess. rishaad: thank you for that. let's go to some other stories we are following for you today. the earthquake that occurred last week is estimated to cost insurers and $3 billion. people were killed and two powerful tremors and aftershocks, road,

you can already see plenty of throughout for kuwait, dusty. have youibility has dropped. it's been below 200 meters in places. it has been quite at about giving us rain and lively thunderstorms as well. i'm sorry kuwait, kicking up dust that's going stick around as we head through wednesday and into thursday as well. generally things here are looking a little hit and miss. some of us are going to seep whether elsewhere there are going to bestorms so the north, that wet weather is going to be more intense. at the moment, further towards the west where we see the worst weather. baghdad is going to see an awful lot of lane during the day on wednesday and there could be a problem with flooding hear committee of brazil has recommended the impeachment of their president. from the capitol. >> reporter: after hours of heated debate, the congressional commission vote brings brazil's president one step closer to facing impeachment. the political drama only days away. the null lower house must vote on the admissibility of the impeachment charges as the government tries desperately t

>> kuwait is a big part of it.t about half a million to a million barrels per day even thought the national company has deployed contingency plans, but you see the problem is unplanned outages are rising everything where. there was more in nigeria today. shell was forced to shut down one of their biggest oil fields. you're getting a lot more problems out of venezuela. generally speaking our estimates and planned outages are at a two-year high. >> what about the whole issue of demand? is it coming back at all, and where ultimately do you think the price is going? by the way, we have a guest here who thinks it's incredibly difficult to predict the price of oil, maybe a fool's game. tilman, go ahead try. >> i would agree with him on that. i think demand has actually slowed down. last year was a phenomenal year for demand. we had very strong growth in the u.s., europe, asia and this year had such an incredibly warm winter, a bit of a struggle to top last year. low prices are still encouraging drivers to go and drive an

it has come weeks before peace talks are expected to take place in kuwait. yemen has been in turmoil since september 2014 when mouth fighters took control of most of the capital of sanaa. in september 15 president hadi returned to aden. the biggest charge is sacking his vice president. the new vice president also split during the arab spring up rising and the primar earlier i spoke by skype with adam barron. >> we're looking at this decision coming just two weeks before peace talks are sent to start. we're seeing the replacement who is one of the few, i would say, political figures in yemen who even despite the war, he's being replaced by his now adversary ali abdullah saleh considering the background it is suggested that even as we're having these peace talks on the horizon, that there is this possibility on the other hand that the battle could be building up. >> a spokesman for the al-qaeda linked al nusra front has died. he was reportedly killed with 20 other fighters in idlib. it comes as al nusra front killed 50 other soldiers in aleppo. we have reports

seems to be a resolution on the kuwait oil strike. so that had han immediate impact. and 3% higher for the oil markets yesterday. very much filtering into what we're seeing here in europe this morning. just bucking that trend slightly is the xetra dax. you can get a sense of that. still above $40 a barrel for wti. key question for fuel is do we see buying on dips as a result or some cycle liquidation here? who knows? but on that story the union pledged to return supply to its normal supply as soon as possible. let's check in on how the asia markets reacted to that. sri is in singapore. we did see a real change in tone from earlier on in the asia session. >> particularly in the north asian market. so that correlation between oil and equity still a strong one. lot of these markets heading south, not by a big margin, but there are issues in china about the durability of the economic recovery. mi mitsubishi got hammered today after the company admitted to failing, one of its models failed a fuel economy test. the president will be addressing the press and we'll get more c

we will soon have a center in kuwait. training, capacity building, everything from building institutions, defense ministries, headquarters, institution building to training soldiers in a dangerous environment. and third, we have the expertise and the experience. i mentioned improvised explosive devices. nato knows how to counter ied's because we have done that for many years in afghanistan. we can take that experience and apply it in, for instance, iraq. but, of course, nato will only do things which our allies ask us to do, and we have to find a balance between fighting, and i think the coalition should continue to do that, but i think nato can do more coordinated with and complement it with what the coalition is doing when it comes to training. many small and medium-sized countries, nato allies and partner countries, it is often extremely expensive and difficult to do training on a bilateral basis. for instance, in iraq, because when nato does the training, we have one agreement, one infrastructure. then, small countrie

we are looking at the decision coming two weeks before peace talks in kuwait are set to start. roughly a week before ceasefires start, and we are seeing the replacement from the prime minister. he was one of the few political figures in yemen, who despite picking a side in the war and siding with muqtada al-sadr and abd-rabbu mansour hadi, was seen as a con sensis figure, he's being replaced with a right-hand manned of ali abdullah saleh, the former president, and he is, i would say one of the most controversial prime ministers. it suggests a we have the peace talks horizon that there's a possibility that the battle could be heating up. >> he was seen as a controversial figure, not a conceal tarry movals you go into peace talks. >> when you look at the current political consideration, there's long-standing north-south areas. they are supportive of the saudi-led intervention, they are viewed teggively in the future. so there is not just controversial in terms of people opposed to the military intervention. he is controversial among supporters of the intervention. >> i would say

to berket appears ignoring a potentially much bigger story which is the wage disputes in kuwait thantion there. by almost 60%. that is opec's fourth biggest producer. that is a major decline in production. taken in june. until then it is business as usual. each country for itself. yvonne: we will take a more detailed look at that story later on in this show. new home prices in china accelerated last month. as accelerated credit and easing spurred demand. still apache recovery. haidi: we are seeing this to speed recovery play out. at least when it comes to the major chinese economy. new-home prices excluding the affordable housing option climbing across 62 over the 70 attracted by the government. 47 in february. a significant uptick. in beijing up 3%. in shanghai of 3.6%. in terms of existing homes we are also seeing major cities taking gains of more than 6%. this apache seeing recovery. now we have authorities in the cities tightening measures. in terms of calling these fairly monumental price levels. all this is being driven up by this massive ramp-up in credit. when it comes to len

armed forces to remove saddam hussein hussein's forces from kuwait. opposed it because i felt the economic and diplomatic sanctions i just voted for should have been given more time to work. i was not ready to give up on sanctions in favor of war. in the end, i was one of just two republicans, along with senator hatfield of oregon, that opposed the resolution. i was under pressure from president bush, vice president quayle, white house chief of staff john sununu. i even was pressured by then-iowa's governor, terry branstad, no once again iowa's governor. i heard from a lot of iowans, particularly republicans, who were disappointed and even angry with my position. some were even considering a public rebuke because of my vo vote. being one of just two republicans, it was difficult to differ with a republican president on such major issue, but as i stated at the time, my decision was above any partisa partisanship. it was a decision of conscience rather than a matter of republican versus democrat. after a tremendous amount of soul-searching, i did what i

meanwhile, oil workers in kuwait say they will extend a strike. the strike has cut their daily oil output by half, which has stabilized local oil prices. they punch on monday. tar overers met in qa the weekend. it has settled around $44 a barrel, after a more than 2.5% recession. they are helping stocks go higher on wall street. nasdaq arees and hanging on. dow and s&p inhe particular. netflix shares dropping. indexest the close, the , the dax.g 2.25% following strong quarterly l'oreal, and also the dairy giant ,dannon. we will have those reports in a moment. let's look at some more market-making stories. goldman sachs has reported a steep drop in revenues. they lost $1.2 billion between january and march. still, their shares are slightly higher this session. continued, sales grew by 3.5%. compared to the same. bang last year. danone seem to think that the glass is half-full, and shares gained more than 3.5%. brewer has agreed to sell european brands to japan's asahi. was said earlier that asahi prepared to spend more than 2.5 5 billion euros. the

. >> sindu used to work for a subcontractor in kuwait. now she advocates on behalf of migrant laborers. over the last eight years she's interviewed hundreds of contract workers in iraq and afghanistan. >> that will make you work anywhere. doesn't matter it's a war zone, doesn't matter if you are going given good food or conditions. men are ready to sacrifice. >> a village of several thousand people,en several hours from the closest airport. locals estimate that 70 to 80% of the men have worked in afghanistan. >> you may get 500 rupees a month. the agents promise you to get $800 a month. i would consider moving there to get a job. >> we went to a tea shop and word spread we were looking for people who had worked on bases. it turned out this man serving tea, had worked in afghanistan, for supreme , working for nato. >> whether they made it to afghanistan or not, everyone had a story about how they had been cheated. this man paid $3,000 for 3,000 to an agent, for a job in afghanistan but when he arrived he was told he would be working for a

the ceasefire is to build confidence, a hit of sponsored talks in kuwait. the inability of any side to win is forcing them to resolve it by diplomacy. >> six civilians have been killed and a dozen wounded after government forces shelled areas in aleppo. they targeted a corridor linking the city to the countryside. it is split between the opposition and government forces. >>> and syrian activists say barrel bombs are dropped on residents, the syrian observe industry for human rights say -- the syrian observatory for human rights says two have been killed. it's been urged by the government to allow more government access. >> a member of the syrian opposition backed by russia called for unity among the party. in syria, into the sixth year, the countries is preparing to hold elections on wednesday. thousands of candidates are repeating and all favour bashar al-assad's party. the international community criticized the elections saying it will be biased. >> and 20 tonnes of food aid has been airdropped. the world food program carried out its first ever high altit

we talked to the designer in kuwait and he was thrilled. >> to envision the dress was magical on j-lo, but to see her wearing it, it's more than maggcal. >> you had a couple of wardrobe changes. and it totally was awesome. a nicholas shivon piece with some separatetrategii coverag >> i put the dress on and i was like yep. >> carrie underwood was all legs all night. she was weaaing a nina couture gown. later on sparking in a moniq lubiea. >>> the evolution of all the idol looks. >> here's the big question, is this really the end of i >> well, the man who created the series simon fuller has said there's going to be a n version and he's going to revamp it. >>> and we have got more news on mariah. the grammy winner just 78 -- $70 million. that's $35 million for her voice and $35 million for her body. she apparently wants to protect her assets on the road. she just agreed to extend her sweet, sweet tour in south america and if anything happened to her voice or legs, apparently the losses would be epic. the model is already pretty well covered. she's worth a whopping $525 million and she's

the story in crude, down by 2.3% and the story comes in kuwait.k and get production back online. ahead of the open, here are the three stories right here and right now. we're talking about the flight to safety. is it all about japan with yields getting all time lows? are talking about crude as well? oil falling as the kuwait strike ends and coca-cola profit disappointing investors. let's start with japan getting a bid today. yields falling across the board the longtime lows down end of the curve. 40 year yields below 0.3%, 10 year yields at -13 basis. i went to come across and ask, is this about the state paid in bid or something that is happening -- a safe haven bid or something that is just happening to new lows? >> i think it is correct. i think there is deflation which japan has not managed to vanquish yet, but i think this move was led by what kuroda said, which is see considered the dovish tone to push down again and it dropped out of the iticopter, which i think explains why the yen appreciated in the last couple of days. jonathan: a couple

they could have something to do with the situation in kuwait. down below -- wti down below 40. we see a stronger again this morning. in terms of silver, look at where that is. it is basically flat now. i am going to send it back to you. you are going to give me some news. caroline: i certainly am. donald trump is reasserting his status as republican front runner after a big win. he built his business empire there and urging businesses to vote saying his main opponent ted cruz does not like new york. hillary clinton scored an equally big win. she was expected to do well in new york having been elected twice as senator. the city of london should expect its preeminent role in the -- if brazil leaves the european union. that's if britain leads the european union. -- if britain leaves the european union. leaving the eu would diminish that. the justice secretary says if the british vote to leave the eu, the reaction from people would cause it to change beyond recognition. >> something potentially even more exciting. .he democratic liberation if we were to leave, we will have in the w

supporting saddam hussein in the first, kicking him out of kuwait in a second, overthrowing saddam husseinnd the third, then occupying g that country f for t years, hoping that when we departed in 2011, iraq could stand by itself. that has not happened. so we are back in it again. adversary isis. yes, isis needs to be destroyed. one of the lessons it seems to american power, american military power, does not fix the problem. it tends to worsen t the proble. so the responsibility for the destruction of isis should fall on the shoulders of those who -- most threatened by isis that happens to be the countries in the region. were they to recognize that they have a common interest in destroying isis, they could in fact do so. but t our insistenence, that sow it i is our responsibility that american leadership, so-called, needs to be the decisive element , simply lets them off the hook. , we are inl bacevich new yorkrk right now, though we are headed out on a 100 city tour around the country, but right now new york is ground zero for the presidential race in a both for the republicans and the de

alix: it is not just kuwait. you have nigeria, supply disruptions in venezuela.ve a chart detailing the kuwaitwti rising for the first n five days. the tomlin dollar boosted demand for commodities. alix: strike -- over one billion barrels per day. the fourth bar is saudi immediate capacity. shortfall.up for the big bar on the left-hand side is saudi capacity, what they can get out of the ground during 6-9 months. we can deal with the shortfall now, but the question is later, what will be the impact? scarlet: that is really good context for what happened over the weekend in doha. you had a really good article about what happened at doha being about saudi arabia leveraging its politics, facing off over iran. >> that is true. for the last 70 years, politics theoil has been mixed in middle east. saudi arabia is trying to keep .oreign policy and oil separate it is a sign that the deputy c crown prince, a very influential prince is becoming more receptive over oil policy. onto side very late he indicated to everyone that they were ready to sign a draft agreement, but e

sponsored talks in kuwait in a week, but the inability of any side to win this war militarily is likelyorcing them to resolve it by diplomacy. al jazeera. >>> as to the ceasefire itself, the next big test will be whether it can last until talks scheduled ford kuwait later this month. the yemeni government spokesman said the truce generally is being respected. >> as we speak, the ceasefire is holding to a large degree. it is true that there are some violations on certain fronts. today, the prime minister informed the u.n. and special envoys of certain violations on some fronts. we received promises from the u.n. and international community that they had received assurances from the houthi militias and forces loyal to sala to observe the ceasefire and in the past hours, agreements were signed with them, namely with the houthis to that they will honor the ceasefire. >> health officials say the more they learn about zika, the scarier the virus appears. researchers are now linking the mosquito borne virus to neurological system and immune system diseases. >> what you're looking at is a 3-d m