On cnbc. Im kayla tausche. Earlier today, Charlie Evans tosantoli. Speaking said the fed should prepare for the next crisis now. Said its worth considering things like price level worldwide tour landed you here targeting. In other words, say were going to hit this level and well glad both of our alarms went stick with it. Well keep policy low until we hit that target. Off this morning lets check the stocks this saying the fed should prepare morning, see where we are in the public for unconventional trade. Roughly flat look at where the dow is policies in unconventional an implied open of up 7. Times. These are four central bankers on the podium with different policies take a quick look at their the s p down 2 the nasdaq down 3. Balance sheets relative to their roughly unchanged. Gdp. A bit of the air coming out of japan has done much more in the the rally, at least in the u. S. Way of quantitative easing early in the futures trading. Their Balance Sheet is 95 of the markets have been o
Also, later we will speak to the iea about the u. S. Shale surge. Two great guests coming up in a couple seconds. European stocks are shrugging off a little bit of the declines we saw in asia. Better than expected german data, boosting sentiment there. Some of the most powerful central bankers gather in frankfurt that is definitely what we are looking up for. The Italian Economy sure, they did not qualify during the world cup, but the economy expanded better than thought. The 10 year briefly breaching 3 for the first time in 10 years. Lets get straight to the bloomberg first word news. Chief house tax writer says he has enough republican votes to pass the tax legislation this week. Kevin brady says he does not anticipate any major changes. Meanwhile, the white house says President Trump will speak about taxes thursday morning. And the house ways and Means Committee chair kevin brady joins us at six a copy of u. K. Time. Roy moore is facing a fresh allegation of sexual assault. The form
European equities are trading, 30 minutes until the end of the friday session. Little changed on the day for the stoxx 600, which means its touch and go whether we will rise over the week. We are on track to gain for the third week, which is the best run since january 13, all these currencies are rising against the dollar today. Yields declining across europe today. It busy day for earnings. Lets get on with it, the biggest steelmaker in germany falling as much as 5. 5 earlier. The most since july. It now expects Free Cash Flow in the year through september to be negative, and earlier projection was for slightly positive figure in the current fiscal year. Shares falling despite the announcement for the fiscal profit forecast after including its operating performance and agreeing to sell its brazilian steel plant. On the matter of steel, shares the worlds steer made her steelmaker down 7. 5 after it posted firstquarter profit that double beating estimates amid a rally in steel demand. W
Im Francine Lacqua in london. We have a lot to get through today. We have quite a lot of news. Mark carney and Philip Hammond, and we will get on to brexit. First, let me show you your markets. A lot of the movement we saw in the last hour reports to what we heard from the chancellor and the boe governor. I would suggest it is really what is happening in the u. K. That many to look at. 675. Can see the pound, 1. 2 when it says market matrix, it is basically the difference between the two year gilt yield and the 30 year gilt yield. That curve is kind of flat. The u. S. Dollar, pretty much unchanged at 1197. The two year u. S. Yield, 1. 36. Lets get straight to the bloomberg first word news. Fourter barclays and former executives have been charged with conspiracy to commit fraud. The u. K. Fraud office said john varley and roger jenkins, and oth faced charges, along with the bank. Barclays says it is closed considering his position in relation to the allegations. U. K. , a 47yearold man
Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen. Lets get straight to the Global Market action great day for stocks yesterday, particularly the nasdaq. The dow up 0. 7 the s p 0. 8. The nasdaq 1. 4 . The nasdaq numbers to watch out for, 6321 is a record close. 6341 is a record intraday high so the dow is performing well. Again, having had a few days of selloff prior to that. Encouraging rebound in tech. 8 out of 11 sectors positive tech the best, energy the worst. Tenyear treasury note did edge back up ending last week about 2. 14 . At 2. 16. A mixed day in trade for asia the japanese index closing at nearly a twoyear high, but a different story for the hang seng and shanghai composite retreating ahead of what many call a highly anticipated decision from the msci today on whether the index holder will include china a shares, its considered a watershed moment for china stocks if they get the green light this would allow the u. S. Funds to get more exposure to chinese