Strengthening into a category 2 storm. Well hear from the chief hurricane spags from noaa with the very latest on the mega storms coming up. But lets start with various stories that investors are paying close attention to. President trumps comments on the debt ceiling, the future of the fed, tax reform. Eamon javers still there at the white house and Steve Liesman has a look at gary cohms future and ylan mui has been monitoring the opposition thats growing to tax reform eamon, let start with you. I know they will kick you in that room. Whats the story just saw the press conferenced, very international focused press conference you saw the two leaders talking about the dispute between the israelis and palestinians, the dispute between qatar and the rest of the Gulf Community and dispute between north korea an rest of the world. The president expressing some cautious optimism about all of those disputes being resolved at some point in the future but no real specific tangible signs of prog
As Iraqi Forces Advance on kir kuk. Road m as we kick off a busy week for earnings. Plus a win for workers, the white house pitching the tax cut plan countering democratic criticism and seeing middle class americans would see incomes rise. Eye on subs, netflix after the bell and is expected to hit another record today stocks are looking to hit record highs, dow and s p 500 coming off five straight weeks of gains. Yellen saying the ongoing strength will warrant a gradual increase in rates. Meantime oil prices are higher this fighting between iraqi and Kurdish Fighting escalating and wti up almost a buck. 600,000 barrels in play and you also have to believe the area being destabilized has made it at least for a couple of days you get over 50. Ive got to tell you, ive got at least a dozen Oil Companies i monday ter that will be in there selling again today. They have to sell because they are exceeding their cash flow. So when you see 52, you need to see a breakout to like 56 to realize th
Chipping away, dialogue shares sink to the bottom of the 600 as the Semi Conductor Company Delivers a cautious Fourth Quarter forecast. Choppy waters for mass group. The danish shipping giant, the cyber attack proves worse than anticipated. Another stumble on the cat walk the german online retailer lowers its Profit Guidance citing weaker trading in october and Profit Margins so the ecb president mario draghi is due to speak at the forum on banking supervision in frankfurt. He hasnt quite started this speech yet but joining us today is nick guardside from jpmorgan Asset Management nick, thanks very much for joinings just before draghi gets to it. I want to ask you, as a fixed Income Investor here, how focused are you really on the Banking Sector in europe right now. Clearly a couple of years ago, we were very focused on the Sovereign Finance linkage. Does that still play into your framework or do you think that draghi has succeeded in severing the linkage between the two . No, draghi h
Lets quickly check on your data. Overall, european stocks seem to peaks. Ing for two year the Dollar Strengthening and u. S. Treasury yields are inching higher as President Trump arrived in korea for a two day visit. Nejra in washington, the house tax Money Committee began four days of work to hammer out the details of the republican tax cut plan. House republicans adopted a package of changes, including a measure to limit the socalled carried interest tax break. This promoted serious reactions from democrats. U. S. President donald trump has vouched for saudi arabias leadership after the anticorruption crackdown. He tweeted, i have great confidence in king salman and the crown prince of saudi arabia. They know exactly what they are doing. Fourl, 11 princes, ministers and dozens of former ministers and willem businessman were taken into custody. U. K. Retail sales fell the most in seven months in october, indicating caution amongst consumers weeks before the crucial Christmas Shopping
Facebook said it will add 3,000 new employees to monitor videos to watch for the most awful content. Murder and suicide and pornography and shut the videos down before they hit your feed. We were struck by two things. One, is 3,000 additional eyes enough . Millions of video flow into facebook. And what a job. How can anybody do that . Henry chang spent hours looking at video like that of founder of open access epo, which may or may not be the outsourcing Company Facebook is using to screen the videos joined by John Schwartz of usa today. You couldnt tell me if you were. Youre under nda. Absolutely. Are you the company . [ laughter ] no comment. I want to play poker with you later. 3,000 just speaking generally about this with facebook adding 3,000 people to watch these. Is that enough . Absolutely not. I mean, just some figures out there facebook has videos, photos, and just photos alone of over 3 million a day. And on just per feed basis, over 4. 5 billion piece of information. Absolu