Coming up later on the show, speak to the former u. K. Chancellor at 10 30 u. K. Time. First, today is the day and just a matter of hours we find out whether the fed will raise rates for the First Time Since 2000 6. A Bloomberg Survey of 113 economists have found just over half say they do not expect a hike today. That ties in with comments from Lloyd Blankfein and ray dalio. What to the markets think . Lets check in with jonn ferro. Jon no consensus. Nobody knows what is going to happen. That is the first time we have a live meeting of the Federal Reserve. When they sit around the table today, what are they going to be looking at . The good, the bad, the unknown. Unemployment down to 5. 1 percent. Potentially bad the inflation numbers. What is the outlook for inflation . How certain are they that in the mediumterm inflation goes back towards their target . Completee is a unknown. How did they factor in the global situation. What is happening in china . How conscious are they of the 15
Putting Jeremy Corban in as their leader. Looking forft and radical economic changes there. The dax in germany is 15 points lower now, just under. 2 . Everybody watching the dollar. The dollar index is lower this morning by just. 1 . The u. S. Trade weighted dollar is something we need to teac kep an eye on. The fiveyear going for 1. 5 percent once you rounded off. The twoyear is at 71 basis points. Topping the list of things were watching today, volatility. The vix fell. Volatility lower this morning despite the fed ahead. Congress is back trying to find a way not to shut down the government in two weeks. Last shutdown hit the economy hard. China, more weak economic data. Credit is growing there. Tom sees may be tiny green shoot out there . Tom yes. A little bit of a green shoot. What an ugly win for the Denver Broncos. That was terrible. We enjoyed the mets, and still managed to pull things out. Wonderful worda for our sponsors and then i will pull up a chart. Bloomberg surveillance
Lets hear it. [applause] hello everyone how are you ladies and gentlemen we are gathered here in this great sovereign state to talk about the faith of the countrys banks, the Federal Reserve. We hope to discover whether the Federal Reserve kept its promise to provide a healthy economy system, full employment, stable and a lender of last resort or is it responsible for the series of the banking crisis and loss of purchasing power of the inflation in average citizen is this economy more stable or is it less stable because of the existence and did and did the fed exacerbate the crisis of 2008 or keep it from getting worse . Are we better off without the fed and if so what shall we replace it with, shall we go back to the classical standard of gold, and can i have been a plus for the classical Gold Standard . [applause] we hope to find out the answers to this most important issue and representing the defense today professor is the cofounder and coeditor of the american prospect magazine an
Lets check in on markets in asia this morning. U. S. Ose of you in the wrapup your thanksgiving meal. Equities up. 1 . Seeie dollar continues to weakness after australian capex fell by the most on record. To new zealand we go. This is the view from there. Spotew Zealand Dollar weakening at 65 u. S. Cents. Lets head over to japan. This is the view yesterday on light volume ahead of that thanksgiving holiday. And were in thick of that. Nikkei futures pointed to a higher open. Dollaryen is slightly weaker. But we begin today with an unexpected rally for commodities as metals surged on speculation china may step up its support. Jumping commodities led to gains around the world. So, is at a rally with legs . Is here now with what chinas possible intervention and how this can impact the markets today . We understand domestic players will be meeting today amid this record slump we have seen. Ee biggest drop in the l metals index. We saw metals rising from europe to canada. We saw copper up as
Woman wearing a suicide vest blew herself up. French special forces went in and got three individuals and they arrested two individuals in a nearby apartment. There are other reports suggesting that 7 people have been arrested at this time and theres also been video taken of a naked man being taken away by police at this point. But this has been going on for 8 hours. Witnesses and people that live in the neighborhood speaking with nbc news described explosions, gunfire, 20 minutes worth of gunfire. Hours worth of irregular shootings and explosions throughout the morning as the operation was underway. The question is who are they looking for . Right now all local media is reporting that theyre looking for the alleged mastermind of the attacks in paris friday night that killed 129 people at various locations across the city. Were about 1. 2 kilometers from one of the areas that was attacked. Three of the suicide bombers wearing suicide vests tried to attack the stadiums so were near that