Even though officials did not exclude the bond buying thing extended. That is what you need to know. David continuing on the top story about the ecb. A many tempora cant a mini tenter hampshire a mini temper tantrum. Gradually tapering away from quantitative easing. We are joined by paul gordon, our editor responsible for covering Central Banks, and guy johnson in our European Headquarters in london. Paul guy, im sorry. I want to go to you. Tell us what the reaction was in the markets over there. Guy the Market Reaction was fairly fierce, to the honest. May of 2013. Be of the market was spooked by thats would have a ecb taper when the Current Program winds down. But the rational heads are working their way through this. Of course the ecb is thinking about a plan for when he needs to wind down, but if you took a look at the latest data, the expectations, in the ecb, the ecb downgrading its projections. The eurodollar rate, but it did not pick up inflation. It is not expecting to meet it
Netflix shares plunge. Anna good morning. The relationship between oil and equity is intact in todays trading session. Firmer pricing in the oil market. Down a little earlier it up again now. A flaw under prices. If you are argentina, this is their opportunity. I want to talk about the price of wine. Will we get a better deal because of argentina returning to the bond market . I know you think of more highminded things. Said plenty of conversation. Fed conversation. Get to the European Equity markets. And the futures, what they are telling us about where we will open. 28 minutes away from the European Equity trade open. Expectation for the future of European Equity market. Once we open up. A little weaker than that for the ftse 100 and stronger from germany. We could get the best game coming through from the german market. Futures are still finding their feet at this early stage. Hans we have just seen an brent. In the yen looks weaker than it was earlier. It is up to 1. 08. Asian mark
From london. Lets take a look at the markets. Some great guests coming on the program. First, this is a picture for european stocks, down 0. 4 . Tohave our inhouse expert go through what didnt happen in doha, currently down some 4 . Then i wanted to show you the fallout, you can see the yen rising at 108. 26. Lets get to the bloomberg first word with nejra cehic. Nejra thanks. Brazilian lawmakers have voted to impeach the president. There were wild scenes of the parliament as the opposition secured the two thirds majority needed to move to the senate. There, for civil majority would see her suspended while she faces a trial. The president and her supporters say the campaign to oust her amounts to a coup. George osborne will wrapup his campaign to keep britain in the European Union today. The you can chancellor will highlight a treasury report which says it would cause permanent rather than temporary damage to the economy. Would cutill say, impact at enormous costs the public spending.
Tyler, we begin with the selloff on the street. A triple digit drop for the dow with the major averages down more than 1 . This is actually we havent seen since late september for the dow and the s p. Weve been sort of a little bit complacent recently after all the volatility of late august and september. The nasdaq is down by just over 1 along with the dow and the s p. Lets get more with bob pisani at the nyse because you have fears, bob, about retailers reporting this week as well as, of course, the rate sensitive stocks in the firing line as well, right . Thats right. A number of different issues here. Six stocks declining for every one advancing. Look whats popped up again, the vix. We havent seen this move double digits since the end of september. Its 16 and change. I dont get concerned until its over 20, but this is a move we havent seen in the last five or six weeks. Why the drop . Mandy is right, a couple reasons here. There is continuing concerns about the reverberations on hi
The lack of progress on mountain tunnel 6 hostilities the mode to have a schedule and budget that was adapted by this commission such information would ordinarily be in the plan this is a successful step for this time after time weve had to adapt those plans and force this commission and the leadership of our organization to reaffirm your ability to meet the schedules and goals and track if i understand that such a schedule and goal to can be made i ask you have this for adoption in may so the customers including the 1 point plus million can be chauffeured this practicing progress can be measured thank you very much that concludes my comments. Thank you our next speaker is dick ellen. Thank you, commissioners and i excuse me. Especially want to thank commissioner president caen for the spirit of the discussion about Mountain Town hall it is very long over due i think did questions are right on target i came here with the hope of not having to make a presentation that i wrote out yester