At 9:20 a.m. ET DOW futures are up +35 and the price of oil per barrel is up. The market is poised to open moderately higher.
Notice that Tillerson is going through some gymnastics to set aside his $181 million stock prize from Exxon. Now let me ask you these two questions. Do you think that Tillerson wants the value of his $181 million stock payout to go up in value or to dwindle away? And how might that affect his role as Secretary of State?
CNN: End of the auto boom; Exxon in focus; Fed minutes on tap by Alanna Petroff
Tillerson, who's been nominated as secretary of state by President-elect Donald Trump, is due to receive more than 2 million Exxon shares -- worth more than $181 million at current prices -- over the next decade.
The U.S. Federal Reserve is scheduled to release the minutes from its important December meeting at 2 p.m. ET.