Of thousands of displaced people to return home. Me is at victory. He is starting with action against venezuelan france has used its Aircraft Carrier for the first time to launch air strikes against i. S. I. L. It comes as president Francois Hollande ramps up efforts to assemble a coalition of countries to fight the Islamic State in iraq and the levant. He started the week with visiting the Bataclan Club with the british p. M. David kilometer ran. 89 people were killed there in the paris attacks ten days. Next Francois Hollande travels to washington where he meets obama on tuesday. On wednesday he is meeting chancellor merkel back in paris and then to meet putin. All of this dip loam as the patrol is patrolled by thousands of police and soldiers on its third day of lock down. Schools, the metro rail work and museums are all closed. Reporter in position and operational, the Aircraft Carrier is taking off, bombs loaded. A spokesman said the first of the acts were in iraq. The action coin
The futures are weaker. Dow futures down 22 . Snas dak down by 4. 5. As joe mentioned, oil prices under some pressure as well. You can see theyre down another 3 . Wti, january contract, sitting at 40. 62. The crude december contract expired on friday. The january contract had been trading higher, but as you can see, its coming right back down to where the December Numbers were. Here are some of the other big market stories were watching as joe was talking about. Pfizer set to buy allergan for 150 billion. Thats what it is even though the networks report that it will be structured so that allergan will buy pfizer. Well talk about that. An announcement is expected later this morning. This is an inversion deal with pfizer planning to redomicile. Thats a fancy way to say theyll move their headquarters to ireland. Ian reed will become the ceo of the combined company. Well talk a lot more about this deal with an analyst. Likely to be politically controversial. In other news, petco will be ac
American airline shares up added to the s p at the end of the week. Well hear from ceo doug parker. Apple reportedly in talks with programmers about plans to launch Online Tv Service this fall. The end of an era, microsoft reportedly dropping the Internet Explorer brand. First up futures falling amid a slide in february housing results as the fed gets ready to kick off the meeting. Its the biggest miss on starts according to the spoke since 07. Holy cow. Hard to build a house in february. We were among the weakest countries in the world during the month of february. Its funny what the feds going to doen they look at february building homes fewer when we had half as many people in the country, household formation not good, rents going up. Its worrisome. Its worrisome. You cant lose housing. Housing punches above its weight as john stupmf would tell you. Looking past it . No. You dont need if they get rid of patient word its happening at a time i would like to see march data because ive
And the british pound is now trading higher. How much of a big deal is any of it . Central bankers have made clear they will do whatever it takes. The safety net is there. Economists love to pore over these numbers, but when you look how investors are reacting, they seem to be looking long. Long on the british pound. It will be expensive for you to buy those suits in the u. K. , tom. Moving on, data in the u. S. 7 00 to get the Weekly Mortgage applications. Fomc. E im watching, got a bead on that . Everyone seems to be paying attention to it. If you look at fomc Meeting Minutes the last few times, it has been somewhat of a muted reaction. Seems like we could get the same today. Im looking for the pivot, but i dont think we will get anything anytime soon. No learning to speak of. That 4 00, with a thing called soccer. I think that is getting a little more focused than the fomc. I dont think we will see another sevenone game. Wells fargo on friday. We go to a busy week next week on earni
Politicos daniel litman. Good morning to you. Good morning. Lets start here with, you know, leading into there week the matchup that everyone was looking forward to is the bidenharris matchup. With what were hearing from senator booker, that may be the center stage that people are focused on. Yeah. I think joe biden after first pledging not to attack his opponents early on the campaign, he realized that strategy was not working, and he was not going to rely on a strategy of nostalgia for the obama administration. People want a positive vision for the country, as well. What will he do as president . And so thats what his campaign is telling reporters, he plans to lay out more so people who want to vote for biden know what he plans to do for the country. Theres also his new criticisms of cory booker, of course former mayor of newark. His Campaign Aides saying it was a civil rights nightmare, as well this is a different biden than weve seen in previous criticisms. This is like the attack