Miss the mark. Joining us for the hour, stephanie link from nuvine what do you think is driving the action right now, if the calendar is so devoid of data points so much for a slow day today, right . You had boeing you had over the weekend, china, small stimulus, which i dont think got a lot of press, it should have. And the data was okay. Durable goods can be explained away from boeing for the most part new home sales, up 17 year over year i think thats good. Chicago fed at a twoyear high i think theres enough momentum between now and the end of the year to kind of continue to see green days maybe we tail off a little bit at the end of the year, but i think well continue to see green days into the end of the year were on a nice streak so far. Lets dive into the biggest story of the year, that is boeing our phil lebeau has the latest on that. Hi again, phil hey, carl Dennis Muilenburg was fired after the board met over the weekend. The decision was made sunday night. And this was not h
Modest moves in the stock market. Orthis month has been big investors. In fact, it could be one of the very best for longtime. Optimism has been improving but toomy there was caution ahead of the trade talks between the u. S. And china which are set to take place later this week at the g20 summit in pan. Today the Dow Jones Industrial rose to 26,727. Nasdaq was down 26. 5. E s p was down today despite these small moves, recent rallies have sent the major indexes close to new highs. But does this months move higher have staying power . Mike santoli takes a look. Reporter this tripo a fresh record is perhaps the most confusing in terms of how it happened and what comes nexnd its come with treasury yields anchored near 30 month lows, recession fears slowing and manufacturing stalling. The rallyas been driven by defensive stock sectors such as utilitieas and gold broken st to a multiyear high. Investortiment has been quite cautious. Purely based on the historic probability, the market at a
we begin in france today, where a third national lockdown looms large, but the french government is insisting it s doing everything possible to avert more restrictions that could be devastating for the economy. a year ago to the day, president macron appeared on television confirming the closure of schools and the stay at home order that led to the country s first lockdown. officials say the paris region may be forced to lock down soon, as patients with new covid 19 variants fill up hospitals intensive care wards, with special medical planes taking patients from the paris area to less saturated regions over the weekend. france currently has a 6pm nationwide curfew in place with weekend lockdowns in two regions, but it is still seeing a rise in case numbers. joining me now is tomasz michalski, economics professor, hec paris. good to see you again. first, do you think a third nationwide lockdown is inevitable as macro unfortunately, the lockdown of some sorts might appear at t
Into the white house we look at his plans to improve the us economy. And the latest Growth Figures in china will be scrutinised under worries of a potential trade war. Hello and welcome to Asia Business report. The big day is finally here. Dan norton ups inauguration and the many he is a controversial person to move into the white house and there is a lot of uncertainty as to how presidency will impact the economy. This was the moment democrats hoped would put that in check after financial crisis that led to the worst us recession since the great depression, president obama and the American People were eager to see regulations that would put limits on bad behaviour and prevent us taxpayers from ever having to bail out the banks again. But republicans have been attacking dog frank since its inception saying it has gone too far. Now they are in power, scaling back some of those rules is finally in reach. Bank lending has been impeded. We have practically zero Interest Rate yet gross dome
We have a most interesting day because we have a record low for the 10 year yield, and we have quite a lot of movement on currencies. It is very nuanced. When i was suggest is we are looking at charts from denmark, charts from new zealand, charts from south korea. It is a global new wants to day with a letter attention to it. Most people are saying do not look at tech valuations, it is negative rates that are putting in boko haram yields. We will discuss that next. Lets get to bloomberg first word news. Ramy israel is cracking down on palestinians of during the first major attack. They opened fire in an tel aviv shopping district killing for his release. In response israel has revoke permits for palestinians to visit israel and travel abroad during robin done. Those who want to u. K. To stay in the European Union warned that it breaks it could cost jobs. Some companies have already frozen hiring in u. K. While others are using shortterm contracts to fill jobs. Meanwhile the deadline to