Vonnie good morning david and stephanie. The city of brussels is under lockdown because of fear of an imminent terrorist attack. Schools, jobs, and the imminent subways schools, jobs, and the subway system remain close. They expect a peristyle attack with multiple attacks taking place at once. We will go to brussels for more in a moment. Francois hollande has the u. K. On board in his attempts to build a coalition to fight Islamic State he met with amy cameron today. That he met with David Cameron today. Tomorrow he meets with president obama in washington. Onn with Angela Merkel wednesday, and Vladimir Putin on thursday. Argentina has voted for a big change. Macrition leader mauricio has been elected president , setting the stage for improved relations with the u. S. He has promised to lift argentinas currency controls, cut inflation, and attract international investors. You can get these and other breaking stories 24 hours a day at the new bloomberg. Com. Matt lets look at futures. W
Year e had the best week of the year last week. All three major averages are remaining higher even if it is only marginally so in terms of macromedias we did have data sales. The existing home we had a decline for the month that was larger than had been estimated. That is largely because of lean inventory. Not as many houses out there as people want to buy. At the same time however, we have holding permits last week that showed we could see boulders staying busy in the coming months. Existing home sales pulling back a little bit from a high level. Touching a twomonth high. The homebuilders themselves have been doing relatively well doing during the session. It really feels like commodities are what are leading the day. I was talking about it last week that based gold medals continues to be hammered. The longerterm correlation of oil and stock is not necessarily high rate but on an intraday basis but if you see oil reversed during the day, you tended to seek stocks going in a similar di
Wounded. People had been lined up outside the building to get their National Identity cards. No word on who is responsible. Police in brussels arrested two people described as suspected terrorists as part of an effort to prevent terror attacks in belgium during new years celebrations. The texas teenager in the socalled affluenza drunk driving case has been arrested in mexico with his mother. Ethan couch had been missing for weeks. His lawyers argued that his wealthy parents coddled him into a sense of irresponsibility. He could end up in prison. We are seeing a rebound in futures today after declined yesterday on the last trading week of the year as stocks declined yesterday with oil. We are seeing the bounceback today. Change fromg little the averages for the full year. Seeing a little bit of a list this morning. Lift this morning. Lets check on oil. We will be getting stockpile data from an Industry Group today. Natural gas has been an interesting story. We have seen this rally in na
Assignment this week. Who is taking her place today . Contestant is bill cohen. Theing me out at all hours, bloomberg contributing editor, welcome. Great to have you here. I am no replacement for stephanie, but i will try. I know you will. The top stories out of business and finance, let us begin with oil prices. The lowest level in 12 years, brent crude is at its lowest level. Also already facing the highest capital surcharge under International Rules and the bank may have to than 20 billion in Additional Capital because of new regulations proposed by the Federal Reserve. The capital boost would not be due until 2019. Wellgan says they are capitalized and intends to meet the requirements, whatever they are. Shares of yum are trading lower. Forecastp their profit for the year. Yum was hurt via food scare in china, a huge source of its profits. Kfc is very popular there. In july they were investigated for altering expiration dates on their meet, not what you want. Beat posted earnings t
And nearly tripling the Funds Available under the program. This all part of an attempt to bring down financing costs. Pay attention to brazil at this hour. About 7 00 eastern time thats when the central bank there is expected to hike rates again as inflation surges. Well watch them when we get to 7 00. The adp report is due at 8 00 a. M. Eastern. Its supposed to show the economy added 215 private jobs last month and theres a lot of fed speak on the docket today. Well hear from the president of the chicago, kansas city dallas and new york fed branches branches. In washington theyll start to consider obamacare. Focus is on how to determine the law. It allows premiums to be subsidized in states that set up exchanges. If the court agrees the money wont be allowed to go to residents and states using a federally operated exchange and theres an interesting piece in the New York Times today that so much posturing but that the Obama Administration at this point is saying theres no way if theres