This morning in the market. Julie it has held on pretty steadily. Amazing that we are seeing this gain in the face of that failure of the doha talks coming to any kind of freeze agreement. The major averages are hanging onto their highs of the day. The dow and s p have been stronger today. 500 in oilat the s p today. That has been the story of the day. You have the s p in white, rising to the highs of the session. Oil prices have come way back are meant almost 7 decline initially on that news. Wti alone shows that it is still down on the day about 1. 5 , but it has come way back. One thing in oils favor is an oil straight in kuwaits cutting about 60 of the nations production. This putsvery least, support under oil prices, if not pushes them up into the positive on the lack of that production freeze. Interestingly, it has had an outside effect on Energy Stocks. Here are the groups on the move. Gettingel has been greener and greener as of the day has gone on. Now were seeing subgroups th
Billion euros. I do not know where the figure came from, but they will be readjusting. Do i understand that i cannot buy a diesel vw in america right now . They basically shut it down. Vonnie yes. They have recalled diesel cars. The funny thing is the north american head was speaking last night. Clarification, i learned to etle, my a vw be father had a vw rabbit. There is our clarification on vw. A busy morning. Here are top headlines. Here is vonnie quinn. Vonnie chinas president , jinping arrives in washington. He has defended the way he has handled the chinese economy. He said the Government Intervention was needed to deal with systemic risk. More problems for volkswagen. And face billions in fines repair costs for cheating on federal air pollution tests. The Justice Department is investigating vw for possible criminal violations. That could lead to charges against the company or its employees. The head of vws operations in the u. S. Admits the company screwed up. Ande must fix thos
Weve got ecb, janet yellen speaking once again. Tom will ecb unveil echo the announcement out of the press conference. All of surveillances morning, on television and radio. Lift into difficult news, starting with news in new york city. Good morning tom and caroline. The two suspects in california have been killed in a shootout with police. This happened several hours after 14 people were killed at a center for the disabled. The police chief spoke late last night. We put out we have information there were three shooters. Right now as we continue to drill down information and the witness statements, it looks like we have two shooters. We are pretty comfortable that the two shooters that we believe went into the building are the two farouk art site our site need farouk syed farouk and his wife. British warplanes have carried out their first strike on Islamic State in syria. Not long after parliament approved the action. The Defense Ministry says it would release details later. Arrest in
Sense at that point. Nike beating the street. Shares jumping in after hours trade as they post a rise in revenues. U. S. Consumer spending rises in november with americans opening their wallets ahead of the holiday season. All right. If youre just joining us and you cant wait to get trading in the u. S. , this is what were looking at. U. S. Markets called higher so thats what were seeing on the futures board. When it comes to the ftse global 300 were looking at it higher by. 4 or so and were still hanging on to the gains up by around 1. 5 so coming back after the recent elections taking place in spain. Commodities rallying across the board today. You have to wonder why that is. A pick up in industrial Commodity Prices in the trading session but maybe some investors are buying the loser of the year at 60 basis points. We saw that increasing yesterday on the back of the slightly better than expected gdp numbers revision for the Third Quarter coming in at 2 and Consumer Spending fairly ro
Imports plunged almost 20 on falling Commodity Prices and week domestic demand. Hello. Welcome to countdown. Also coming up today, australias Prime Minister with a threat to his leadership. Will it be tougher for tony abbott to address his countrys weakest economy in a generation . We start with our bloomberg exclusive this morning. The governor of the central bank of russia has told this channel that russia will not inflate its way out of the financial crisis. In her first ever interview with an International Broadcaster, Elvira Nabiullina told Ryan Chilcote the bank is unlikely to reverse last months surprise rate cut. Inflation is set to slow, having accelerated its fastest in almost seven years. Ryan is here now. Fascinating conversation. We started with the ruble. I asked if one of the worlds worst performing currencys last year, if we can expect more collapses. There is talk of that. She said, no. Have a listen. We are not expecting any massive decrease in the rubles Exchange Rat