I am paul allen in sydney. We have some breaking news right now on south korea. We are awaiting the bok decision. Industrial output for october, down 1. 1 in industrial output month on month. Year for october, down 5. 9 . Expectations were for a continued rebound in industrial output. Not great on year, so news at all for the south korean economy, industrial output had been on the rise of wing to the export of electronics and other items. Have a bit of the damper may be countering some of the opinions that the bank will raise Interest Rates this morning. We will introduce more uncertainty in that decision. Markets seem to have priced it in. We will wait and see what happens when we do get the results of the bank of korea Board Meeting later on. Running ints up and the asiapacific. Lets take a look at new zealand. Off. 3 . The kiwi dollar little changed against the greenback. Trading just getting underway and australia. Not too many stocks online at the moment. We are seeing a little bi
Cable up by. 3 . Hit sofutures, tech got hard yesterday, we are getting a bit of that back. David oil traders around the world are heartbroken. You have thrown them over for going. It is all jonathans fault. Ok, parliament is debating President Trumps controversial tweet. The president was wrong to retweet antimuslim videos from a far right group, britain first. Earlier, the president tweeted that Prime Minister theresa mays focus should not be on him but on the threat posed by islamic terrorism. The synod is moving toward a final vote on the massive tax overhaul bill as early as today. Lawmakers voted along party lines to begin the debate. That doesnt necessarily signal that Republican Leaders have the authority votes they need. Theenate republicans passed tax bill, they still have to hammer out differences with the house version. Oil prices are edging higher hours after opec meets. The cartel and russia are ready to extend production curbs until the end of next year. The goal is to f
Go big or go home good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and here at post nine. Record highs on the dow and s p this morning all major averages having best month coming as the president addresses the Economic Forum in davos sw davos switzerland yesterday declaring america is open for business sat down with our joe kernen for more well turn to Michelle Carusocabrera in davos this morning. Hey, michelle. Reporter hey, carl, President Trump on a full court press to convince investors around the world to invest in the United States. Trump reiterated how pleased he is about the Corporate Tax cut, what it does for american competitiveness and how its leading to bonuses for workers as a result. I think that the tax plan has been even better than we thought. What did happen that nobody considered is that at t started, but they immediately followed hundreds of companies are giving thousands and thousands of dollars to their workers and now you have almo
Change. I think the time is right to reexamine this. I think it can enhance competition in the market. Make the market open to more players. I think you can reduce financial risk for a lot of financial institutions. Now we have cfp be rules in place and the market is maturing i think its time to reengage in this discussion. Let me say one other thing that is not actually about compensation but i think is connected. Another thing that needs to be picked up is to pick up a continued to work on standardizing Mortgage Servicing data. Some of you may recall back in 2010 we started uniform Mortgage Data Program to standardize data. Whether it was appraisals, loan arbitration, so forth. On that agenda was Mortgage Servicing data. We think about these disclosures and we think about the credit investor, where this is all going, its important to pick up that difficult challenge of standardizing Mortgage Servicing data so this would help the market in Mortgage Servicing be more transparent and ea
[inaudible conversations] next day here in looking how veterans are transitioning to civilian life. In a washington journal segment on the destruction of chemical weapons and later a discussion about brain injuries and the elderly. A lot of people dont know how difficult it is. I dont know one person may be in this room that can juggle the things me and my husband have to juggle every single day with having three children on medical disabilities going back and forth to work sometimes maybe having too taken under the table job just to bring in extra money. There isnt a lazy bone in my body. There are many people that live in the inner city under the Poverty Level that are not easy. We want to be a part of the conversation. We want to have fulltime jobs and go to school and go to college and things like that and i actually believe that certain people just put the stamp of sleazy on us and to put a smoke screen that could not can not be able to see what is really going on. To point the fi