The Financial System that we deserve to have for everyone. We need to do a lot better and bring all of the rains together to get better. What she said. Soul. [applause] thank you so much for great panel. We are taking a break. Cause [inaudible conversations] we are on a tight time schedule. Today the conversation is on fire. [inaudible] a decade of governor waller. Prior to his confirmation appointment as the Federal Reserve board governor he was executive Vice President of the st. Louis reserve and a partner that the distinguished economic professor at u. Of Notre Dame University of kentucky and university of indiana. With an extensive and to lesters academic pedigree with experience within the st. Louis Federal Reserve he has taken that view to washington and has come up with some strong views in washington and i want to start with the comment you made in a speech entitled cdbc a solution in search of a problem. In that speech he said quote theres no reason to think the Federal Reser
Worldwide exchange. Good morning on this holiday week. Lets get to the market picture. As we said, we did have declines for the dow and the s p last week the nasdaq was able to hold on to a 0. 4 gains came on slight losses on friday as we said for the week its held slight declines, two in a row for the dow. This morning we are pointing low. A little bit of weakness and thats fed into futures markets. Dow is down 13 yields slipped again last week ending at 2. 35 on the ten ear. Weve slipped a little further over the week end. 2. 34 at the yield on the ten year, short end of the curve they have seen yields rising so that flattening. Its a bearish signal. Its been one of the biggest stories over the past week we turn to asian equities, really a mixed session there today. We saw the japanese nikkei close lower again today down. 6 of a percent. Man, talk about a reversal of the chinese stocks the hong kong hang seng is up. 2 of a percent shanghai composite up. 3 of a percent. Thats after st
And sen ticentrica shares s disappointing second half after losing 823,000 customers in four months good morning welcome back to the show i have some pretty good news when it comes to the eurozone for pmis, for november all three headline pmis above the forecast for the reuters polls, and the forward looking indicators pointing to a busy december, according to ihs market. The pmis pointing to Third Quarter gdp growth of 0. 8 those are strong numbers, just to give you one of the lines here the november composite pmi flash at 57. 5, well above expectations i should tell you that the euro dollar has risen over the last 45 minutes. Its currently up by 0. 2 . In part because the french numbers blew it out of the water. Looking at components like jobs growth, the fastest since 2001 the german numbers also easily beating expectations thats helping the euro dollar currency want to show you the equity space. One hour into the trading session, the stoxx 600 is down ever so slightly to the tune o
Opec meeting, psych cyber monday today. The benchmark yield around 2. 33. Our road map begins with the holiday return of the consumer black friday sales topped 5 billion. Cyber monday expected to set online records. Retailers are in the spotlight. Futures flat ahead of the first full trading day ahead of thanksgiving. And the Koch Brothers making a big bet on magazines, backing a meredith bid to buy time inc. Adob bee analysts expects consumers to spend 6. 6 billion this cyber monday. That would be up more than 16 from a year ago and bigger number than the 5 billion adobe says was spent online on friday. We talked about colder weather, and lean er inconvenienventorie reports that in store traffic was down maybe a percent, maybe a little more, but not dramatically. Thats a good test of exactly how low expectations had been for basically physical scores. They dont look like they will broadly give back the pop they had on friday. So many things working in the background in favor of having
Wage growth is not fitting into that equation in the same way, however. I know you will dig into a little bit more. And you will gain in stocks today, not a huge one but enough to put the dow and s p at closing records. The nasdaqy ones, not quite getting there as stocks rose this morning and have stayed relatively consistent throughout the day. As we look through the Market Trends and figure out where that jobs report is being felt, one of the strength areas today is in retail. We have a Endeavors Group of retailers doing well from the Department Stores like nordstrom to some of the manufacturer michaely retailers like kors, under armour, and l brands wrapping out our list. The holidays well, plays into this as as well as , which show robust demand potentially. If you look at retailer for the past several months, we have seen it start to outpace the s p 500. And orange,s p retail in white, and it started taking off about a month and a half ago. We should point out that amazon and netf