Absorbs David Cameron, he appears before parliament to silence the critics. What will it take to get his focus back on the brexit . It is going to be a busy week. Suspect once again investorsminds are going to be transfixed on what is happening in japan. Hans everyone is going to wake up and see what tokyo is doing, trading inversely to what can is doing, and yen is very strong. It doesnt seem like yen is willing to budge. That is the one aspect i want to look at. Then weve got a bunch of earnings to sort through. Will we see those priceearnings ratios come into line . Guy looking at the downgrades, the bar is so incredibly low. It is going to be fascinating to allwhether theyve shaken those downgrades out and we can get over that. The other story is what is happening with commodities. Youve got this buildup to doha but you see a bifurcated market, metals and oil, and other commodities as well. Really interesting set up there. Hans weve seen copper on a bit of a rebound. You and i were
Important this is the one criticism i have of the regulators. I believe Risk Retention is the best way to go about this. It leaves the decision in the hands of the market. You cant get away from the responsibility you cant get away from this. You can shift it. This goes also, i would say, to the question about regulation. There was some regulation before the crisis started. But it wasnt regulating there wasnt regulation for two important things, Financial Derivatives. I agree about the end user. I appreciate his noting that there was irresponsible speculative activity in derivatives which the cftc was length there were prevented from dealing with. The model for loans shifted from the kind that mr. Wilson makes and keeps in portfolio to those made and then secure advertised. Passing the risk off. I want to do in the bill was to require that if people are going to secure a loan, they have to have a 5 Risk Retention. That was weakened in the senate. I would prefer a situation which there
Against fat cat bankers. We will break it all down for you. And also bill go an hour contributing editor will be joining us. But first, ending the year in an appropriate fashion, yes falling again. Intercept and down almost 2 in new york today, bringing the loss in 2014 to 46 for oil. It has not fallen this much since the financial crisis six years ago. Mean time, in the meantime and search crews have recovered more bodies and debris in the java sea from that crash. The airbus a320 crashed on its way from indonesia to singapore. Indonesias president spoke at a briefing. My deep condolences to the families of the passengers and crew. I am feeling their loss and i am and i pray that they are given all of the courage and strength to base this tragedy. Like they were 162 people on board there were 162 people on board. A couple of weeks ago the fbi said it had enough evidence to link the attack on sony to north korea. But every connection it looked that turned out to be a deadend. At least
Markets have had a bullish run. The Energy Producers rose by almost six and a half percent. What youre seeing is is that a sustainable rise. Is that bounce and oil good for the market . They say, no, its not because it would encourage lazy producers. Sky leads the pace. A great interview with the cfo. It is the italian french british juggernaut. Caroline hyde will have the details. Record sales in germany and austria. The number of people going off in search of new opportunities. Greek bonds, great markets rising by 16 . Sky stock up 2. 8 . 959. 5. Standard charter up half a percent. One of the biggest shareholders Aberdeen Asset management a very good bank. Mr. Sanz has pledged 4000 job cuts, and he is making 400 million in savings. The stock is marching higher in london. Sky up 2. 3 . Not you individually, but on a global basis. They are confirming 2015 has been a good year for their core brand. Fashion and leather is where it counts. Up 4 , top of the analyst estimates. They were th
Swedish company wins a jet deal from brazil. Rivals boeing and eads get snubbed. Reports suggest kiev has missed out on a considerable eu aid package. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Warm welcome to you. U. S. Stocks posting their biggest rally in two months, the dow closing at a record high up 292 points, nearly 2 higher at 16,167, cheering the announcement from the Federal Reserve theyre going to taper their asset buying program by 10 billion a month commencing in january. The Federal Reserve taking the First Step Towards unwinding this unprecedented era of bond buying. Steve liesman has the details. The Federal Reserve in a significant news, surprising markets somewhat by reducing the amount of quantitative easing by 10 billion a month, equally of 5 billion of treasuries and mortgagebacked securities, but providing strong guidance that Interest Rates will remain low through december 2015. Fed chairman ben bernanke explai