Great is it on the Rearview Mirror . You watching Market Makers. We have breaking economic news. The fed index, scarlet fu has the headlines. We are going to cover it here. The philly fed index coming out at six points, way under expectations. It is the worst since march 2013. 2013 . Pardon me, march 2014. Everyone is talking about how strong the u. S. Economy is, how great we are doing across the board. This is a surprise. I did not expect this. Horrific retail Sales Numbers yesterday for the month of december. Two pieces of Economic Data about the pace of the u. S. Economic recovery and ultimately , not just the demand of consumers. We are going to talk about the greatest buying opportunity in the month of january. Top Global Finance and business stories of the morning. Switzerland rock Financial Markets around the world. They lifted its policy of capping the swiss franc against the euro. A huge move against the dollar. Swiss stocks plunged. Switzerland is an export reliant nation by
Money. Why not simply find it amongst themselves a way to transfer this funding . Betty investors are showing confidence in the reform plan. Almost 8 million done thomas a hundred Million Dollars return to the banks on tuesday. A truce was supposed to start 11 days ago but ukraine says separatists violated it repeatedly. Ukraines currency has fallen more than 50 against the dollar this year. A ban was lifted late yesterday. It is now up to the house to stop the partial shutdown of Homeland Security. The senate struck a deal on the 40 billion budget for the department. They will attempt to block president obamas executive order on immigration. He spoke about that in a town hall meeting in miami. What we said to republicans is instead of trying to hold hostage funding for the department of Homeland Security which is so important for our national security, fund that and let us get on with passing Immigration Reform. Betty some House Republicans say they will not back the senate plan. Home
Little later. Heres a look at the top story this morning. Iran Nuclear Talks are entering and crucial phage today crucial phase today. Tomorrow is a selfimposed deadline for a deal to stop iran from building atomic weapons. The white house said it is time for iran to bend if it wants stations listed. We have been negotiated for over a year. Time for them to decide whether or not to make the serious decision required. Betty the ultimate deadline is the end of june. Airstrikes are targeting shiite rebels. Iran is backing the rebels. The apple ceo tim cook is denouncing the indiana law. He says the law is biased and dangerous and it would let businesses refused to serve gays on business grounds. Indiana governor mike pence says the law is to stop government overreach. Mike pence it is very simply to empower individuals when they believe that actions of government in page on their constitutional First Amendment freedom of religion. Betty the law is already prompting reaction from angies le
Economic data, down just a little bit in the red today, down 22 points 37 yeah, it is the first trading day of the new month. December, a strong month historically for the stocks, but theres a push and pull going on between Market Forces and the Economic Data, and were in the red across the board, relatively flat this monday morning. The data, u. S. Manufacturing activity last month lowest level since the summer of 2009, but then we got a Construction Spending report that was good. In october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed novembers estimates, but ford beat them. Thats the data and push and pull among the markets, back to you. Lauren, thanks so much. 12995 where it ends, nobody knows. Take a gamble. Talks in a standstill, Timothy Geithner blaming republicans saying they have to raise taxes in order to avoid going over the cliff. Rich edson in washington with t
A resolution on the nations budget or the debt limit. People looking for protection bought gold futures which rose 13 dollars. And oil drift down 42 cents as tensions with iran eased following a phone call between president obama and the president of iran. Blackberrys ceo is said to be leaving the company with a golden parachute worth as much as 55 Million Dollars. And ichan and apple. The billion investor recently revealed his fascination with the tech giant. Reports say ichan is meeting with ceo of apple today. Lets get the trading day started with Mark Sebastian of swan wealth advisors. Good morning. Are we in for a messy monday . I think thats absolutely possible. Friday, while the market didnt really move very much, we saw the vix pop. I think were starting to finally see the market react to this government business and it could really drive things through the week. Even overshadowing non farm payrolls which are usually really important. Is the Market Pricing in anything different