We are getting data out of the euro area. Services pmi is 51. 6. Anything above 50 means expansion, but it is a touch below estimates. At the stoxxok 600, for germany is close, so maybe a little less money out there to trade. Brexitf folks will be on and Boris Johnson will Tell Parliament today. Watch out for any reaction in the pound. , itou look at that paring has much to do with the dollar more to do with the dollar than Economic Data out of the eurozone. Is big worry weve seen exactly what kind of economy we are looking at. Coming up, more from the chicago fed president , but first, lets get straight to bloomberg news. Donald trump is seizing on revelations the u. S. House Intelligence Committee chairman adam schiff met with the whistleblower, the person of the heart of the impeachment investigation. This invalidates the complaint about his controversial behavior. He alleges the Democrat Health right original plaintiff but did not divide any evidence. He should resign from office i
To visit trump tower. The company will invest billions in the United States. Haidi and diamonds are one of rios best friends. Rishaad the dow headed to a fresh record high, s p within a whisker of a record as well. Haidi this is a reaction to the italian referendum, a very distant memory right now. Things seem to be getting shorter and shorter, these major selloffs after socalled black swan offense, but we do have his optimism, but obviously a big day in asia. A bit of a disappointing read on gdp on the Third Quarter in australia. Rishaad straight to the markets, heres david. David right. Quiet start of the day, but obviously we have the aussie gdp print. You have these lines out of the Financial Services commission starting to kick things off on whats likely to be a very busy some ofe of the go for these lines here, coming out of the south korean policymakers that have discussed ways in which they can alleviate the effect of rising yields. The dollar to debts of a lot of the south Kor
Headquarters in hong kong. Happy friday. Lets go straight to markets. Koreaut. 1 , lets go to to the kospi. Hours, we sawthe it showed little bit of an upside. Up about. 1 . And of course, japan, we got a data dump in the last hour. We will talk about that in just a couple moments. Stocks heading south here at the start of the open. About. 5 toyen 104. 8. So lets head back to japan now. It disappointing data. They broke those figures for us. There is speculation about what this really means. They knew what they were going to do this afternoons o the intensity of scrutiny builds over as you get close to releasing that policy message. Its a mixed bag but there are some bright spots. Headline inflation number dropping for a fourth consecutive month really showing how far japanese price pressures have to go before hitting the 2 target that has been set by the bank of japan. Consumer prices including fresh food, it fell. 5 from a year earlier. Decline. Oking for a if you strip out energy, i
I am Erik Schatzker. I am Stephanie Ruhle. Let us pray again let us begin with economic news. Fact deal factory orders are out. Michael is with the headlines. Is particularly bad news. New orders are down, the biggest decline since 2009. Everybody has been very worried about what would happen with capital spinach is going into the year, particularly in the oil industry. Capital goods orders excluding aircraft for overall business investment, down by 9. 3 during the month of december. We have seen that all Companies Announced week after week theyre cutting back on Capital Expenditures. The question is does it cut back on Capital Expenditures outweigh the increase we get in Consumer Spending from lower gasoline prices . At this point, it is about a type. We have to break down the numbers more and see whether december was a particularly bad month. Right now, it is not good with a three point 4 decline overall in Capital Expenditure cuts. The negative hits the economy faster than some of t
Jcpenney, shake shack leading the charge. Numbers to watch for, deliver those the moment they hit the tape. Break them down for you, look at outlook, and the market response. All coming up here on closing bell today. Meantime more questions than answers following the deadly amtrak train crash in philadelphia. Well speak with rail refegsles and senator tom carper what can be done to fix the crumbling infrastructure bill. Ironically its infrastructure week. The house was scheduled to vote on amtrak funding today, they did, and did vote to cut amtrak funding, as expected. House committee, i think House Committee work on that. One proposal to increase funding, it didnt move forward and the bill being marked up would cut a quarter of a billion. Timing is everything. Such a great story from homeless to harvard. This wholelesshomeless girl, used crowd funding to raise thousands of dollars needed to attend harvard university. She will be here at the New York Stock Exchange to talk about how sh