New page and downgrades the stock and cuts its target price. The italian stock market underperforms its european peers. Monte dei paschi weighing on the ftse mib as Shareholders Approve the banks 5 billion euro cash call but sell out of the stock in early trade. A revolt over romney. A number of republicans go public with their opposition to Donald Trumps secretary of state frontrunner, longtime rival mitt romney, while the president elect prepares to name wilbur ross as commerce secretary. Hi everybody. Good morning. Happy friday. The end of another week which means what date is it today . A month away from christmas. I actually started doing Christmas Shopping yesterday, believe it or not. European equity markets this morning a bit lower, just a couple points off. We are looking at asian markets set for weekly gains. U. S. Twoyear treasury yields hitting a high. And were seeing a slide in the price of oil ahead of this opec meeting coming up. Some other commodities trading lower. Sho
On the bloomberg. The reason you do not see a dot beyond on the righthand side, he is saying that is outside of a poor castable four castable forecastable period. This is fascinating. When the summary of Economic Projections came out and we look at that straight up right at the bottom, the answer is there now. Jim bullard. David when you read the statement hes just issued, hes saying a lot of things people the fed is about projecting out into the future well beyond what it can no. Know. S what it can some people think their models are run. Alix how do you forecast a fed that is data dependent . After the dots were released, there was chatter in the market with alie evans statement of a shift in how you view the economy and where you actually think rates should be. Of the f1 all members see are in agreement about the approach to this question. Agreement. In the question is whether other people come to jim bullards side. David we will have a bloomberg exclusive with microsoft cofounder b
Another big day for earnings. Amazon, googles Parent Company called alphabet, of course, and cbs out any moment. Its a busy hour. Im david asman. Melissa im melissa francis. The dow is ending in the red for the Third Straight day while s p 500 and nasdaq managed to eke out gains second day in a row, just barely though. Phil flynn, price futures group, fox business contributor. Watching a big joltrom natural gas in the cme. Lori rothman watching ford having horrendous day. Reporter everything is moving on earnings. Either up if it is good news or down on bad news. Boy, basically bad news for ford. Ford blasted whole Auto Industry the turnaround for the Auto Industry is over. Profits came way down and as a result. Facebook report ad blowout quarter. Closing off on the session. Back to facebook. This is a much better story. Up 1 1 3 on the session, adding 10 billion in market cap, bringing total market cap value to 362 billion. Great news for mark zuckerberg. I dont have figure off the to
No punches Central Banks are a topic of conversation with prominent banks that pull no punches. The work is never done, and i do not think you can say one and done and that is it. Raising by 25 basis points in september, and then doing it again in december. Nejra plus, a oneonone with russian president vladimir putin. Pres. Putin we will work with if someone says they want to work with russia, we will welcome it. Nejra it is all straight ahead on bloomberg best. Hello and welcome. I am nejra cehic. This is bloomberg best, your weekly review of the most important Business News, interviews, analysis from Bloomberg Television around the world. The week began with the markets still buzzing from friday when remarks from Federal Reserve chair janet yellen signaled that the case for higher rates is strengthening. If investors were worried, mondays Equities Trading did not show it. Joe the s p 500 index is on pace for its best day since august 5, rebounding from a threeday slide. Right after y
Tie fell out of your pocket again, andrew like it did the other day and no one there that looks good. I figured today was one of those days. We spent some time on a farm yesterday, joe. Thats right. You head back out to the north 40. North 40, andrew, is a term that people out in that part of the world use for the 40 acres that are north 40 . Yeah, andrew is going to be bringing us up to date on everything thats happening in Middle America right now and give us a real view from the front lines on all of this. Well be back with him in just a few moments. Joining us is the u. S. Managing editor for the financial times. Well get to her in a moment because we have to talk about Deutsche Bank and whats happening. Thank you for joining us. First lets get a check on the markets. Take a look at u. S. Equity futures. Yesterday was a down day. Dow down by 200 points on concerns about the Deutsche Bank. S p was down by 20 points yesterday. And the nasdaq was off by 50 points. This morning things