The busiest days we have had in a while. Extending declines at the end of the week, said to be dominated by the central bankers. We are seeing persistent, low inflation. The dollaryen and gold are train lets get straight to the bloomberg first word news. Reporter off the coast of singapore, 10 sailors have been injured and search and rescue efforts are underway after the uss john mccain collided with a cargo ship. Significant damage to the hull triggered this. South korea begin their military drills today, actions that could lead to war. This follows weeks of heightened tensions, including kim jong guam. Hreat to attack the u. S. , mexico and canada have ended the first run of talks on the north american trade agreement, saying commitment to wrapping up the negotiations with a farreaching deal. The next out of talks is scheduled for the start of next month in mexico. A then moved to canada later in september and back to the u. S. In october. Additional rounds are being planned for the
U. S. Dollar versus the Canadian Dollar. Again, all of the things that have been happening with that potential trade war. Tariffs being slapped on canadian lumber. We will talk more about that in a moment. Take a look at what happened in the asian markets. The nikkei ended up by 1 . The hang seng market was up, too, up by a third of a percent. There are green arrows for most of the major markets. The cac in france is indicated up 0. 25 . The dak x is is slightly lower. If you look at crude oil prices, wti is trading below 50 a barrel. Its up 13 cents, but wti for the june contract at 49. 36. Among the other top stories, tensions with north korea on the rise. Today the country reportedly conducting a big livefire exercise. All to mark the foundation of its military. Top Trump Officials will hold a military briefing tomorrow at the white house, which will include the entire United States senate. The Trump Administration plans to impose a new tariff on canada. Wilbur ross announcing the p
The driver seat heads for a collision. This is Market Makers. It is a wednesday in new york city. I am Erik Schatzker. Will be with us. She is on her way down to the New York Stock Exchange this morning. We will begin with a big shakeup in the sports and media industry. William morris and silver lake are buying img. You could call it the jewel in the crown. Lets mix it up. Lets start with ari emanuel. Img he coceo of excuse me, wme. What did he say . If you thought he was a big deal before, he is an even bigger deal today. He is very confident. Ari has brought together two agencies in the past. He has taken on a bigger fish by buying William Morris back in 2009. He feels very confident about his ability to combine these very people centered businesses. The issue with this one is that there are so many other competent infectors because he is buying a business that its very different from his business. Is a media rights business a licensing business, a College Sports business. That is so
Su keenan with the equity markets in record territory as the fed moves to taper qe. Yang yang with a comb i got as thein the Senate Budget compromise passes. Those stories in a moment. First, the Federal Reserve take the first step in unwinding its unprecedented economic stimulus. At one of the final meanings of chairman ben bernanke is tenure, the fed announced it will trim its monthly bond buying starting in january. Peter cook has more on the decision and mr. Bernankes last News Conference as chairman. Let the taper begin. At their final meeting, the Federal Reserve decided to scale ,ack the Bond Buying Program convinced that the economys cumulative progress allows the central bank to ease up on its record stimulus. Chairman ben bernanke who has chosen successor janet yellen also carefully matched to that move with new language reinforcing the commitment to keep Interest Rates low for the foreseeable future. The bond buying which has swelled the Balance Sheet will be reduced to 75 b
We have a big show for you tonight. Today were two weeks away from the all important march 31st deadline to sign up for obamacare. With the clock ticking, a new survey reveals the depths of trouble the law is in. With us to go through very latest numbers, dr. Scott gottlieb, American Enterprise institute. I have to tell you brand spanking new numbers before the show. Health and Human Services announcing they have signed up five million people, total, state and federal exchanges for obamacare. Their goal is 7 million people. What do you make of the number . That will fall short of what the goal is. We know 20 of those people havent paid their first installment, vent paid their first premium. So you have to take that down by 20 . I think they will get to four or five million enrollees in obama care. Theyre not counting exchange enrollment. People go directly to Insurance Companies to sign up. That will probably offset number they lose, attrition, people that drop out because they dont pa