His workforce is the right size after thousands of job cuts. At this point in time, i think we are exactly where we should be. Have,e the environment we to face the forces that we have here it we have. Anna where less than a half hour away from european trading. Caroline, lets check in on where we are. Where had a strong session over in the u. S. The s p 500 that feeding through into the asian equities session. Strong waves coming through in the japanese market. The nikkei up by 2. 4 . The topics up by 2. 4 . Weakness in the japanese currency, one of those factors is driving the markets. We have the equity markets looking as if they will be weaker. Caroline, take us through the other markets. Caroline exactly as you were just telling us there. S p 500 hits record highs yesterday. The feature signals we could slightly gain on that record. Meanwhile youre talking about the asian session. Nikkei 225, this is as we see a significant weakening in the yen, down by. 5 . The other performer of
Focus today, the biggest names in Monetary Policy in paris for the International Symposium. Speakers include janet yellen, mark carney and kuroda. Lets bring in our chief economics correspondent on the ground. Simon, we talk a lot about divergence. How much our people worried about this on the ground . They are very much worried. Former elerian, the chief executive of pimco, talking to the conference moments ago and talking about this divergence. It is a big issue for the Financial Markets next year. We are seeing signs of that divergence within the last 24 hours. Just last week, the fed pulling back and ending quantitative easing. Divergence, a big theme of today. Who should be the most worried in all of this . Europe is a big factor. Also, kuroda is here. The bank of japan surprising markets last week. Have beenntral banks pointed in the same direction and now they are starting to move away. This is going to be a real challenge for investors next year to work out where the money is c
European bloombergs headquarters in london, i am francine lacqua. We are getting pictures of u. S. President barack obama speaking at aipac. President obama saying the u. S. Is committed to the asiapacific region. He is talking to a crowd of ceos about the u. S. Economy saying that it is primed for sustained growth. He was also talking about these and visa arrangements. He is talking about what we heard from the chinese president. We will have more from that apec summit throughout the morning. Escalating risk from russia. The former soviet leader warned that the ukrainerussia crisis could threaten world peace. Is on the brink of a new cold war. Some people are even saying that it has already begun. Warning comes as ukraine accuses russia of supplying rebels with weapons and supplies. Many as 200d as fighters killed in recent fighting. Great to have you on the program. Thank you for coming in. In terms of where we are in this powerplay that continues, it seems that concerns over ukraine
They were buttoning that up. The house went into session this morning, that is to say, the Republican Caucus met. The speaker came up with a plan, or the leadership presented to members a plan, that was different, had more provisions going after obama care in it. It was divisive within the caucus. They did not have a consensus. The speaker came out and said, we havent decided what to do. Were still talking about it. But that had the effect of causing Mitch Mcconnell to hit the pause button on his talks with harry reid because the republican leader in the senate has little freedom to maneuver when the Republican House is working on an alternative to what hes negotiating with reid. I just got off the phone a few moments ago with the democratic leadership aide who says this hasnt collapsed but its on pause until we find out whats happened to the house plan. The house plan, because it didnt have the votes, when they left the meeting, may never get off the ground, but until that is determin
Rich edson, thank you. Adam Meridian Equity Partners on the floor of the New York Stock Exchange. Thank you for joining us. It is good to see you. How do you make heads and tails of this back and forth. Is this just posturing . It is this typical actions we see come out of washington and the market has the typical reaction to that kind of movement. We have two parties that are posturing as to how this is going to play out. It seems to us this is not going to get accomplished in time, this is going to go through the deadline. We are hoping soon after that there will be some sort of solution it in place. The big question is if we go through that timeline, what happened to the market . That has helped our market right now find where its range needs to be at this point. If we do go through this deadline at the market seem seeo take that as very negative news, we will see a retracement in this market but my standing as they built enough into this market so if we take a step back, over a per