Focus, warning that the central bank has limited tolerance for rising prices. Cpi data due at 9 30 gmc. Francine and live from the World Economic forum in davos, switzerland the future of finance. John cryan joins our debate about the transformation of the industry, do any moment. And in european banking, we will be speaking to the Credit Suisse ceo. Dont miss that exclusive interview at 9 15 u. K. Time. Stealssident xi jingping the spotlight, with his first speech ever at the forum. Lets get back to the World Economic forum in davos, with bloombergs tom keene and his panel on the future of finance. Tom if you dont make it every 90 days, the world falls apart. We have a panelist to provides us with a terrific historical committedwho has been to acquiring for the United States of america different pieces of our heritage and history and possibly understands the 1930s like no one in the room, and certainly a political moment we are in worldwide. Finally, we have a panelist to full disclos
R. B. I. Is set to cut rates today. Will it signaled the end of this evenings cycle . Missing t gone reversing earlier losses, the at 112. Yen trading moving between gains and losses. I want to talk about whats happening to u. S. Crude oil prices. We are continuing to see the extended decline. That was the worst slump in four weeks. To see we continue to lose ground for a third consecutive session and we could see more pressure on prices now coming from the u. S. Take a look at that. That could be the crude supply. What would that do to prices . Which is already falling . All eyes are on the r. B. I. Theis it dealing with target of 4 . Lets check in on the first word headlines from around the world. Lawyers for the trump traveltration say the ban was within the powers granted him by congress and the constitution. The Justice Department is challenge it. And a tough senate confirmation, mike pence voted in favor to break a 5050 deadlock. Its the first time a bp has tot a tiebreaking vote
Lets get to the breaking news. A number of corporate reporting this morning. We start with Peugeot Citroen. Listing their midterm outlook, thats one of the headlines coming through on the release today. Its said the net profit for versus70 3 billion euros an estimate of 1. 72. 15 by 2021. Not just getting the earnings coming through, also getting new targets for the business. Listing their midterm outlook, the purchase of gms europe assets are the focus of the business at the moment. Reporting in the last few minutes a. M. To reach an open agreement by the first week of march. Talkingthe ceo has been to leaders in germany and the. K. Prime minister we know those conversations are ongoing. We will get further analysis of what is happening with the french carmaker, taking that their position they lost recently and taking on other brands. We will get details as we get through the program. The ceo will give up press conference at 7 00 a. M. U. K. Time, live here on bloomberg. Numbers comin
We are about 30 minutes into the trading day. Setting new records, although, off a little bit now post Abigail Doolittle is here. Ever go co we have the dow and s p 500 today putting an fresh alltime highs. If the dow can hold onto these gains, it will be its 10th straight finish higher in a row in the long such winning streak since 2013. The nasdaq is down slightly, not putting in any record highs yet. Interesting we do have the trump trade, the continuation of the trump trade going on for the dow and the s p 500 ahead of finding out more details of trump the Trump Administrations policy around taxes, deregulation. We did have those fomc minutes yesterday that were received to be dovish. Small gains and records for the s p 500. What we do not have is a 1 move. Take a look. The top orange line represents a 1 move up in the bottom orange line is 1 move down. We are on day 52 without a move 1 up or down, the longest such streak since 2014. 92 days without a 1 move down. Seeill be interes
Relatively modest. President ial counselor Kellyanne Conway told members of seatac cpac is a generous and decisive leader who brings compassion to the white house. Of other females that a lot of women in the United States have a problem with women in power. News 24 hours a day, powered by more than 2600 journalists and analysts in over 120 countries. This is bloomberg. Pimm live from bloombergs headquarters in new york, i am pimm fox. Lisa im lisa abramowicz. Joe i am joe weisenthal. We are 30 minutes from the close of trading in the u. S. Pimm u. S. Stocks, paring losses. The dow jones, poised for its 10th consecutive trading session of gains. Lisa President Trump, summoning prominent ceos to the white house today. He said he plans to put them to work to restoring u. S. Dominance in trade. Also on the hill, treasury secretary Steven Mnuchin and says he is in no hurry to brand china a currency manipulator. His comments about extra long bonds are making waves in the bond market. Puerto