The back of extra stimulus on the ecb. The dax has bounced. Weakness in the euro we are looking slightly red leaning into the other side. Banks at the top a lot of earnings around, too. As investors react to corp rates. In terms of in the basket itself, some bright spots for the likes of dior, lucxotica basic resources as well, a negative reaction to glen cores numbers trading down 2. 3 . Some of our viewers are particularly interested in glencores numbers health care trade weaker by 1 3 of a percent another talk in the basket around exxon mobil volkswagen technology, 4 10 north big week for apple we had some orders over the weekend. Markets responding hoping that the iphone x will be a bit of a bonanza for the industry youve seen tech globally pick up on that industry. Right here in europe some of the supplies telcos in the banks, it is the spanish names out in front, the likes of sabideau bbba going on for the ride, too. Spanish banking names lead the charge in terms of what we have
Market is on edge as he stoked speculation on who will head the fed. Yousef 5 00 a. M. And london in london. I am yousef gamal eldin in dubai. Rishaad i am Rishaad Salamat in hong kong. Hong kong stocks coming back online. Is earning release. Its earning release. Beating estimates. Something you flagged up, new money, yousef, right . Yousef exactly. Net new money, reversing what has been an outflow in the prior period. In terms of the other asset prices we are watching, before we get to that, a reminder that the finance director joined us in half an hour to discuss the results to be able to flush out some of the details. A lot of the questions around of the buybacks. A lot of variables here. To an into that. Also, to return to some of the market themes, which continues to hover above 60 per barrel. Confidence in the opec agreement been extended. Futures underperforming gold still. A little bit of upside at 16. 78. The u. S. Treasury is currently bonding for the benchmark index and the
There you may want to get out of there. The low is moving and as it does it is increasing the fog and giving us a good breeze. It will be cooler today with the fog moving up the marin and sonoma coast. Over the bay and making a good surge eastward filling in rapidly on the santa cruz coast and mountains. 25 gusting up to 33 so that is rocking and rolling. 58 to 64 covers it with everyone pretty close on temperatures. Thunderstorms beginning to die down with that in the source moving out. It is 4 31 am. Lets hope that today is quiet. I think all the commuters would agree that we would like it to be quiet. Looking at the super commute for people that drive for Long Distances to get to the bay area, and people come in from vacaville, and it still looks good from fairfield and vallejo. A nice looking dry to the carquinez bridge. No major problems on highway 37 and out to marin county. Here is a look at the interstate 880 in oakland, and so far so good getting up to the bay bridge. Pretty n
Threaten strengthening how the department fights terror. I strongly believe and understand that there are very, very important tools within the Treasury Department that can come pat terrorism and that many of these tools such as sanctions are extremely effective and keep our Armed Service out of harm. So i am fully committed to the maximum amount of law to both enforce the existing sanctions in a very strict way and i will work with the president elect as he sees fit on additional sanctions and there are also other programs within treasury that i believe are very, very effective in fighting terrorism. Its a very important part of the treasury. And i know that that has been done very effectively. We all agree its important. What were trying to do is assess your qualifications. You havent been willing to talk medicare, havent been willing to talk specifics on terror. Lets talk about qualifications on the committee on Foreign Investment because this is Something Else you would have respon
Now treasury sect nominee Steven Mnuchin testifies before the Senate Finance Committee Help faced questions on hi as ceo of one west, bank that foreclosed on thousands of home owners after the 2008 downturn. This portion of the hearing is three and a half hours. Committee will come to order. Welcome to this more mornings hearing. Well discuss the nomination of mr. Steven mnuchin to serve as secretary of treasury for the Incoming Trump administration. I want to officially welcome mr. Mnuchin for to the finance committee. I certainly appreciate your willingness to appear before us here today and to serve in this important position. The position of treasury secretary is among the most important in the executive branch. The next treasury secretary will be asked a lot of questions that are going to very, very important here today. Well be talking about advancing policies that will improve our inagurations economic and fiscal outlook. This position oversees the collection of taxes and the ma