Reportedly hit isis near the iraqi city of falluja killing at least 250 Islamic State fighters. Nbc news has not eindependently verified reports. An isis convoy was reported fleeing just outside of the city. At least 40 vehicles carrying fighters and weapons were destroyed. The strikes are among the deadliest ever against isis and this comes just days after falluja was liberated from Islamic State control after more than two years. And 24 hours after the deadly istanbul attack that killed 40 and injured 140, the countrys ataturk airport is now up and running. An investigation is still underway at this hour. Americas cia chief says the massacre in istanbul bears the marks of isis while also warning of potential attacks here in the u. S. Pete williams has more. Reporter the deadliest and most complex attacks carried out paris, brussels and istanbul, the cia director said hed be surprised if the terror group isnt plotting attacks on u. S. Targets overseas and here at home. If anybody beli
I am francine lacqua. Out of china, the top desk the economy is growing slower. Industrial outputs also missed forecasts. The shanghai composite index dropped the most in three weeks. It is raised the perspective of more stimulus from chinese authorities as they try to push and the slowdown. As they try to cushion the slowdown. Malcolm, what can we expect next from policymakers. We are likely to see a response on numerous fronts. Weve heard from the government last week that plans are to boost the fiscal response to the slowdown. Today there were some tweaks around that. They are going to lower the Capital Requirements and some new Infrastructure Projects that will allow less of a down payment. Roads, rail, projects. More monetary easing that can come in various forms. Banks for reduction of rrr ratios. The downside on the deposit by inflation is picking up because of rising pork prices. That may limits go that may. Imit scope it will be ongoing. Effort to keep the yuan stable and supp
This is typically an interesting trading week. You get some moves. The european markets were in the red last time i looked. London not open. Boxing day, right . Yes. Boxing day. Whatever that is. Thats where you give the staff money. Its called a christmas box. Thank you, that helped me. And the tenyear note yield. Crude oil which has been such a key to the markets is down thats the biggest move down in a few weeks. We rallied strongly. Rallied strong last week in wti and in brent. Brent fall beg low ing below wt. Amazon said it added 3 million prime members in just the week before christmas. Amazon had a great week what about the other brickandmortar stores . Where are all those return gift items going this year . Potentially important story moving forward, valeant ceo is taking medical leave. The stock is down 6 on that news. Well have the latest. Futures moving lower as we head into the final trading week of the year. Crude oil down 3 following last weeks rally. Overnight in china,
And not very enthusiastic. The volume not very strong. Lets look at the s p 500. We did have a gaap on tp on the, 12, 14 points, but they sold into it. This is what happened into europe. Even germany bounced on our nonfarm payroll report. But they sold into that as well. A lot of crosscurrents in the markets now. Heres the three biggest ones. The jobs report. Now theres a concern that there will be more fed hikes than the market anticipates. Market anticipating two or three. Fed officials may be anticipating four. Thats an issue. On the positive side, china walked back several big issues. They set the yuan mid point higher, removed the stock Circuit Breakers and kept the ban on Insider Trading in place. And another positive, stocks are dramatically oversold and sentiment is very bearish. We should see a bounce today, yet the response of the market is mediocre. Europe is not far from closing here. We had big oversold conditions in the auto americas, like daimler, semens and other names,
To the lowest levels this year. Gold straight up. Node dog days of august year. Varney and company is about to begin. To the big story, the president s Approval Rating has hit a new alltime low for the nbc wall street journal poll. Look at that. 40 now approve of the job the president is doing. The other side of the colon is the flip side 54 disapproval. Wall street Journal Editorial Board member mary kissel is here. Lets extrapolate from this, look at i wont speculate but lets look forward. Is it possible we i that kind of low dismal Approval Rating the republicans sweep in november . Republicans and the economy and foreign affairs, if they can sweep in november with 2 growth rates and global discord i dont know when they are going to sweep. I give you the names we are looking at, montana, west virginia, open seats for the gop, excellent chance, red states where mitt romney did well. Arkansas, louisiana, north carolina, two state people may not be looking at, iowa and colorado seem to