A few minutes for an interview. Rublessian leader and the as the fed rats at its meetings today. Is it time to say time to say goodbye to opec . If the oil cartel cannot affect price anymore, what is the . On assignment. Is he may be back in a few minutes, but in the meantime, a very special cohost today. Of weisenthal is the editor bloomberg markets, but that is not why hes on. Your hair looks so good. To matt miller, obviously fantastic. But standalone, it still looks good. Its time to start the top business stories of the morning. We have seen some very big swings in the ruble today, but nothing like yesterday. The ruble soared more than 8 at the open, fell back, and now again it is strengthening against the u. S. Dollar. Russia intervened for the second day in a row, buying rubles out in the open market. Meanwhile, russia said it will keep well production steady over the next year. That sent oil prices down as much as 3 . West texas intermediate has been trading below 55 per barrel
Or retracement, we got that with the latest rate of 24. 5. A little bit higher than what we got in october and september. But again, that was a oneoff. In terms of leading indicators, this is better than expected. Zero. 6 gain in leading indicators for the same time, we need to caution that the previous months dane of 9 10 of 1 has been revised lower to 6 10 of 1 . Forad gains of 6 10 of 1 leading Economic Indicators. In a little bit weaker than anticipated. In terms of market impact, we lowers. Stock coming off than expected. 30 minutes of trade. Do not look for that to hold, necessarily. The 10 year yield of 2. 1 percent. Lesbian bloombergs own economist for some analysis of the numbers. Carl, what do you think . We expected a pullback in the november print was off the radar so we knew it had to retrace. What is important here why . Because it is not consistent with what we are seeing, improve, but still a slow moving economy. What is important as we look at the retracement. Most of
Deflated balls . That would be a bad bet. Lets get you through some of the big stories theyre watching this morning. The first read on Fourth Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at an annual pace of 3. 2 . And then coming up on the earnings front well be looking for results from chevron, eli lily and mastercard all before the opening bell and in global news Russia Central Bank made cutting rates unexpectedly. The rouble extending losses after that news. Hell join us from moscow in a couple of minutes. Number of stocks well be watching today. We mentioned google at the top. Declining online ad prices. Also Unfavorable Foreign Exchange rates. Google has been a great stock though. Well keep an eye on it throughout the session. Amazons earnings were much better than expected on strong holiday sales. The company gets about a third of its revenue from october to december and its Current Quarter guidance falls short of consensus but were going to look thr
Lowest level in four months after retail sales were little changed in april. Stephanie alibaba announced they would be working with walmart allowing customers to use it mobile payment service. No cars, check out with a beep of your smartphone. Increasing prices in japan, australia come over the course of the next year. The new yorkbound amtrak train that derailed into philadelphia was traveling at 106 mile per hour just before the accident. That is more than double the speed limit. Go pro billionaire founder and ceo has fulfilled a promise he made to his College Roommate 10 years ago. He was given 4. 7 million 4. 7 million of the companys shares costing 229 million. Erik more headlines this morning. Iran will top the agenda when president obama meets today with leaders from six persian gulf nations. Some of it is taking place at camp david, the president ial retreat in maryland. They will try to work out an agreement caused by the u. S. Negotiations with iran over the nuclear program.
Allowing the sale of fake goods. Tim cook urged graduating seniors at George Washington university to fight injustice. The sidelines are not where you want to live your life here be world needs you in the arena. Russian president Vladimir Putin showed off his ice hockey skills. He played in a match as part of celebrations marking the 70th anniversary of world war ii. He notched an impressive eight goals. [cheering] erik now for some other news making headlines. A number of deals. Another big takeover in pharmaceuticals. And a pharmaceutical Endo International will by par pharmaceutical. Here is another deal in the retail industry. Ascena retail will buy and taylor for about 2. 1 billion dollars. That is a 21 premium to fridays closing price. Just barnes is one of its brands. Stephanie a favorite. The Islamic State now took over a city about 60 miles from baghdad, ramadi. They overran Security Forces and raised the black flag in triumph. Thousands fled the city and there have been repor