Buy greenland. In majore are off 1. 5 indices. The s p quelling back to 2900. The 10 year yield off its lows at 1. 8 . We did get Consumer Confidence data from the university of michigan that was a little disappointing. The 2 10 spread widening, although it is still narrow. Nvidia the best performer in the h p former 500, vying wit ge. Provides trips to game makers. It is bouncing back after an incredible decline yesterday. Guy lets talk about the incredible week we have just had to pay a tumultuous is one way to describe it. Entare joined by ubs investm bank Global Markets strategist. We will correct that in a moment. The week we just had, what is your perspective . I think the bond market is not giving us a signal on u. S. Growth. The biggest question we have 2 10 inversion, is recession in the u. S. This is a global fear of liquidity trap, making a bigger comment on europe and china than it is of the u. S. The fact that the u. S. Is the highest nominal yields aaa asset is the reason
And betty, on the road. Betty indeed, on the road. Exciting, it is. You have a big lineup of guests, we are looking forward to in the next couple hours. I am betty liu here in new york, where it is just about 7 00 p. M. Vixtility is back, the surging the most since brexit. The dow set to extend it to asia. Carney has a warning on warming. He says investors are ignoring the potential costs of climate change. Tell us about some of the guests we have . Of course, this is a huge anniversary, 20 years and a lot of questions i know you will be posing to guess over the next several days, where is hong kong . Role in the kongs next 20 years . Will it be a Financial Hub . Fair, via the other fastgrowing chinese cities . Yvonne as we continue to see a tighter grip from china here in the city, we certainly got a warmer response and tone and tenor coming from the president on his first day on thursday. He did say, hong kong has always been in my heart. He wanted to talk about the benefit beneficia
The nasdaq down by about 12. Because of tomorrows holiday, you do have the Labor Department coming out, releasing its weekly jobless claims numbers today. We get them a day early instead of a day late. Also today well be getting Weekly Mortgage rates. And freddie mac will report on the Weekly Mortgage rate averages as well. Lets talk about the top Global Market story this morning. It is greeces International Lenders, which did not reach a deal, and now they wont be releasing that next bailout payment. Nearly 12 hours of talks failed to reach a consensus. The imf and the central bank all going to gather again on monday to try again, but this is not necessarily good news at all. Hostess brands will proceed with a plan to go out of business. The maker of twinkies says lastminute talks with the striking workers broke down yesterday, hearing with a bankruptcy judge set for 11 00 eastern time. Then we have another string of bad news. A bad development. A very bad development. I thought for s
Nicole the profit numbers missed the analyst expectations. Farm equipment maker actually reported weaker than expected numbers. Some expenses that cut into their earnings. And a stronger dollar also played a factor. They know that was something of an issue. As far as 2013, where did they expect growth . The Company Expected south america to show the strongest demand in 2013. Lets take a look at the dow jones industrial. Up 21 points. So far, we still have a winning week on wall street. We will see if this is our winning week. Back to you. Connell thank you very much. Dagen there is no way around it. If congress cannot get its act together on the fiscal cliff, taxes for the vast americans will go out. 90 of households in this country will pay higher taxes if the u. S. Goes off that cliff. With low income families among the hardest hit. Connell charlie wrangle, congressman from new york, he is here in studio with us. We have to get a deal done. It would be irresponsible for congress to g
Area. We will see whether there is more interest in this market. They are always up aeros. We are also seeing intel. He would retire in may. The board will of both internally and externally. He has been with the company for almost 40 years. It has been hard for a lot of these tech companies. Demand has been week. They hit a new 52 week low, but now they have an up arrow. Connell we will shift over to the debt crisis. President obama reached out and spoke to some. Name ceos try to avoid going over the fiscal cliff. Dagen why is this a bad idea, Monica Crowley . This is what the president should be doing, should he not . If he didnt have a history of blowing off these ceos and their advice, and we would say, yes. Every single time he has asked them to come in and talk, nothing comes of it. He doesnt listen to any of them dagen maybe the fear is that we will go over the cliff. Most of the ceos that you just put up on the screen, warren buffett, a huge supporter of his support tax hikes. T