Stocks Head for Correction on Fear of Iran Escalation

NEWSMAKERS AND MARKET MOVERS. THIS IS "THE PULSE WITH FRANCINE LACQUA." FRANCINE: GOOD MORNING AND WELCOME TO "THE PULSE." I'M FRANCINE LACQUA IN LONDON. THE U.S. AND IRAN CONTINUE TO TRADE THREATS.UNDER PRESSURE TO BRING DOWN SURGING WHILE PRICES -- OIL PRICES, PRESIDENT ISSUED A TWO DAY ULTIMATUM WHICH ENDS AT 7:45 P. M. NEW YORK TIME TODAY.LET'S GET TO BLOOMBERG'S ABEER ABU OMAR. ABEER: THE CLOCK IS TICKING DOWN FOR IRAN TO REOPEN THE STRAIT OF HORMUZ OR HAVE ITS POWER PLANTS BOMBED. IRAN HAS COUNTERE ...