Dan what is next is that we have reported that mr. Renzi, according to one italian news agency, has already met with the italian president. He has to formally submit his resignation and then resolve this political crisis, turning it over to the italian president , who will hold probably two days of Political Consultations with the leaders partiess political before deciding on a mandate government for the country. David a lot of focus was on the italian banks and what this would mean for the italian banks. Do we have any sense of the answer to that question . There aretle bit, but still a lot of Unanswered Questions so far. , the worlds oldest bank is in the midst of a 5 billion euro Capital Raising plan. It has started the first leg of that. The board is probably meeting today. They are likely to put out a statement to find out what happens next. Are they going to proceed with this plan or perhaps postpone it, given that while markets are not as volatile as people expected today, who k
Inflation. You can jump up and down, screaming that the fed has to raise rates and Start Talking about the november or the december meetings. Or you can just get on with your life darn it and start buying the stocks in companies that do have growth. Either way were now past the big bad event and that almost always brings in buyers which is what happened today. The dow rallied 164 points. S p gained 1. 09 be ands nasdaq kpliemed 1. 03 . I say you got to say to yourself, how come im not upset about the feds decision to do nothing . Because like janet yellen, i see little infrags and low growth on the horizon, which means raising rates would be kind of a stupid idea. Why does the fed need to tighten with inflation tamed and retail sales weak, manufacturing turning more negative . Whats the point . To appease the critics . To make it so the commentators that come on tv and predict stay rate hike look smarter . To say, who cares, lets tighten . Party down, tighten . The fed is not on autopi
Approach the federal reserves decision today, to do nothing, keep rates low because theres still not much growth or inflation. You can jump up and down, screaming that the fed has to raise rates and Start Talking about the november or the december meetings, or you can just get on with your life darn it and start buying the stocks in companies that do have growth. Either way were now past the big, bad event, and that almost always brings in buyers which is what happened today. The dow rallied 164 points. S p gained 1. 09 , and the nasdaq climbed 1. 03 . I say you got to say to yourself, how come im not upset about the feds decision to do nothing . Because like janet yellen, i see little inflation and low growth on the horizon, which means raising rates would be kind of a stupid idea. Why does the fed need to tighten with inflation tamed and retail sales weak, manufacturing turning more negative . Whats the point . To appease the critics . To make it so the commentators that come on tv a
Polls show that Governor John Kasich may be pulling ahead. Trump made a few other tweaks to his schedule this weekend that seemed designed to tampa down emotions after violent protests a rocket at chicago on friday night, forcing the cancellation of a large rally and resulting in several arrests. Millions of people have rallied across brazil, protesting against corruption and calling for the impeachment of the president. They marched along copacabana, through the center of sao paulo. Brazil is suffering its worst recession in decades and dozens of lawmakers and Business Executives arent embroiled in a corruption investigation. At least 34 people have been killed in an explosion in on ankara. A suspected suicide bomber blew up a car close to the Prime Ministers Office. This comes less than a month after another suicide bomber killed dozens of soldiers in a convoy passing through the city. Qaeda saylinked to al they led an attack on sunday that left at least 22 people dead in the ivory c
Have received 50 more pay. And the widely anticipated movie 50 shades of grey hitting the silver screen. Already breaking Box Office Records in europe. Could have a big valentines day weekend. Universal is part of the comcast family. In the meantime lets go to michelle with a check on the markets at this hour. Yeah lets take a look at the u. S. Futures following yesterdays 100 point gain on the dow and the nasdaq at a 15 year high. Strength in europe feeding into the u. S. The numbers suggest the dow would open higher by 33 points we want to bring your attention to the european markets. Theyre on track to end this volatile week on seven year highs. The german dax crossing the 11,000 mark after germany gdp numbers came in higher than expected. Greece however weaker than expected. Well talk more about that later. Shares of conagra tanking citing a strong dollar and weak sales. They are also appointing former chief Sean Connolly as the new ceo ceo. Kraft is switching up the ranks. Its cfo