We should recap what has been a great 24 hours in the equity market world. Guy we had a decent day throughout the u. S. Yesterday. Which slightly raised the expectation of whether or not the fed is going to hike rates. We think it is going to come more likely after that number. Anna at least the chances have gone up a bit. On monday,was 28 now we are at 32 . Guy things are moving pretty fast around here. Obviously a long way to go between now and then. Two days of debate started today, what will the results the . A great deal of coverage of the next few days. Quitearkets finished strongly, a decent update. We will talk about hewlettpackard more on cutting jobs. Does,and anything the fed if that moves the dollar, that could have an impact on the large multinational businesses like the number one clothing retailer. So the numbers about the eurostes, 1. 9 7 billion wayty much in line with the they benefit from a stronger dollar. Clothes fromlot of asia, not getting a benefit from a strong
We have an allstar post debate show. Varney company is about to begin. All right. We are a Financial Program so well start with dow futures, not much happening. Down 13 points, maybe, just below 17k. And thats confusing. We will be above 17k when we open. Got it. How about j. P. Morgan, disappointing numbers. We have a market watcher says thats not good for the entire stock market or the economy, going to ask him about that later, morgan is going to be down at the opening bell. The price of oil, another go nowhere day. 46 a barrel and thats been there for months on end. Down 39 cents, the price of gasoline, down again, a tiny fraction of a cent. And thats the National Average today. 230. Right. When i said we have an allstar lineup. I mean it. Two republican candidates will be joining us, marco rubio and jeb bush. Youll hear from them today. Here is a brief teaser from jeb. I can beat hillary every poll shows i have. I have a proven record to give people confidence, not just talking ab
Breaking the barricade. To break police try the protests as the chief executive says he wont stand down. Welcome to countdown. I am mark barton. Stocks are starting to trade. Lets have a look at european equities. They are trading down 1 . Off Global Equities this week. U. S. Treasuries are heading the highest levels in 11 months. Ran down 1. 3 . Volumes are bombing. A critical number. Even Stanley Fischer saying Global Growth is a concern. Growth continues at these levels, it may move even slower. Investors would like that comment from officials. The chief economist at goldman sachs. Its really does crystallize for me. Much of the revenue is from overseas. Gdp in the u. S. Is only 13 and a half percent. It isnt so much risk. Good old goldman sachs, the chief risk operator. They are underestimating. They think the market is benign. Understand the fact that crises do occur. Thefed governors raising voice about Global Growth. If the market drops a little bit, but investors are pulling mo
Quarter of a percent. France also trading lower. We are going to wait for the dax to rampup in terms of equity trading. Were going to focus more on brent. Lets focus on commodities more than equities. This is where big moves are going to be coming. Crude oil is down by 9 10 of a percent. We are at 71. 96. Yesterday it fell by more than 6 . Why . Opecs decision to keep prices steady. They are not going to be reacting to the downward spiral in prices, losing more than a quarter of oils value. Could this make some shale projects in the United States lose money . Overall, we are seeing big moves in oil. Also, keep your eye on the currencies this morning. The euro is off. This is about the hope for more stimulus. Will we see it . We had german inflation really showing the problem mario draghi is facing. The german inflation rate in november declined. We are likely to see the eurozone fall lower today as well. Want to see more stimulus come from mario draghi. The president of the ecb said he
The previous was just higher than that 111. 7. It was expected to come in at 112. Of. Both the numbers coming in slightly below expectations. The gdp data we had earlier about ten days ago now. The euro is at session lows down about half a percent. Germany has been a price the german tax so far is up better than 10. 5 and closed on a record high on friday. The economy continues to show signs of improvement. Jobless claims coming down. Unemployment rate at 6. 57 . Its been falling steadily. Absolutely. Lets get a reaction from the chief european economist. David, a better day in germany recently. This coming against expectations. Slightly weaker. Yeah. Consistent with germany and consistent with the eurozone more generally seeing expansions. Thing is one of the key things about greece going on. Europe is generally surprising on the upside. Overall we said the youren economy now has just turned the corner even before the ecb Bond Buying Program has begun. Yeah. Weve had several quarters