Haidi welcome to daybreak australia. In sydney margaret have just come online. Annabelle im annabelle droulers. We are counting down to asias Major Trading opens and the stop top stories this hour. A positive move as wall street heads its 15th record high of the year. Investors are awaiting jay powells report to congress for dates on the fed rate outlook. Haidi ahead opecplus extending its supply cutbacks until midyear amid soaring production from rivals and uncertainty over chinese demand. Stephen in beijing, one of chinas most important gatherings of the year is about to begin with leaders set to unveil their targets and strategies, perhaps policies, for road reviving the economy. Annabelle kicking of the week with breaking data out of korea this morning. We have industrial output numbers dropping but coming in better than expected over the course of january. Output of more than 12 or 13 on the year passing estimate were 10 . Also industrial output is falling, still and a contraction
Campus. And this issue could be popping up at other wellknown colleges all over the country as well, kelly. Well talk about how they and maybe the employers as well should be navigating it. Lets take a look at the markets. The dow down almost 300 points going on a 1 move. Same for the s p. The nasdaq as well, all 11 sectors in the red today. Energy and tech were helping us in the green, but theyve given that up. A lot of this coming after the poor 30year bond auction top of the hour today. We had similar after the poor 10year bond auction yesterday. Yields continue to climb. That tells you where the market worry is at the moment. Were watching shares of birkenstock, continuing to drop, which priced at 46, opened at 41, and is going to break below 38 a share. Well have more on recent ipos struggling. Mizuho cutting the stock to underperform with a 5 price target. The stock is 8 now but was a 230 stock. Hotter than expected inflation read out this morning. Could this change the feds plan
The first word. Vonnie welcome back. It will be a major fight in washington. To actns are valid not on any Supreme Court nomination by president barack obama. Within weeks, obama is scheduled to name a replacement. , according to mitch mcconnell, shouldnt be filled until we have a new president. George w. Bush is campaigning for his brother, jeb bush. He didnt mention donald trump by name but he said the loudest person in the room is not always the strongest. Swift us angeles, taylor 13 Grammy Awards last night of the year. Um she is the first solo female artist to win that award twice. Awards, thear 15 most for any performer. He won top rap act. Global news, 24 hours a day. I am vonnie quinn. Lets take a look at futures. We are looking at solid gains across the board here after Global Markets rallied yesterday. The u. S. Is playing catchup. We ask a created 831 billion in market cap globally while our markets were closed. The Dow Jones Futures are up. Gaining almost 2 this morning. Ta
Michael live from his farm in new york state. We are also joined by the university of washington scientist, dr. Angela rasmussen, who currently works in a genomics lab. We have the author of, cloning after dolly. Who is afraid of human cllning. Dr. Gregory pens. Michael, you are surrounded by pigs tonight. I cant imagine anyone better to ask, what do you think about cloning pigs, good or bad . I think anytime we do genetic modification to something that can be in the food stream we need to be really careful about it. Hopefully this is just for Scientific Research and that it is not intended for, to be used as meat but anytime were doing genetic modification, especially with an animal so close to humans like a pig i think we need to be very cautious. Melissa doctor, what do you think about that . You have written a lost books about the topics. I think i think eventually cloning pigs it is vent lay for consumption, is that safe . I predicted 10 years ago we were sleeping so scared about
Talking about wider markets. Nicole some of the traders, do not forget, last week we were gaining 3. 3 on the dow jones industrials. Right at that 1400 mark. Hitting some key resistant levels. Likely to see a little bit of a pullback. The trend is still to the upside. As far as the major market average, you are seeing the dow and s p down a half of a percent each. I want to take a look at abercrombie and fitch. , that insiders, they talk about the fact that abercrombie was the clear winner of the weekend stops. Connell Grover Norquist. Here is what he said this morning. Supposed an investor that you admire and trust comes to you saying this is a good idea i think you should think about it. It all depends on what my tax rate will be on the game that we will make. Only in grovers imagination does such a response exist. It is quite another when republicans talk like this. I am not obligated on the pledge. The only thing i am honoring is the oath that i take when i am sworn in this january