Forecast of 107. 3. The expectations, again, was also better, the consensus was about 104, came in at 106. 3. Euros back up to the best levels of the session against the dollar on the back at 1. 1. 3519. Bund futures also extending losses after that data as well. While we listen in on mr. Draghi, Quick Reaction on that from ricardo. Weve seen germany outpacing the rest of europe. Still continuing. Yes, looks like things are picking up a bit. We saw it yesterday from the pmi as well. Both manufacturing and services. It will be interesting to see if there is their Service Sector survey improved in november. I think it did improve in november. So, we have much better conditions, and that actually supports my own expectation, which is that germany will see a Significant Growth pickup in the next few years. Im forecasting 1. 7 growth from next year, 2. 5 for 2015. Mr. Draghi is making point we have to set Monetary Policy for the full year. And the next two components of that, france, the ec
The markets love that. But to explain the option, the Nuclear Option and how it relates to Janet Yellens likely senate confirmation, we head to peter barnes on capitol hill. What next . Reporter thats right, liz. The Banking Committee voted 148 to move her nomination on to the full senate where it looks like she will have an easier time passing. We assumed that she would get enough votes to get final confirmation by the full senate, but then today the Senate Approved the Nuclear Option which was to eliminate the filibuster for the president S Executive Branch nominations and federal judicial nominations except for the supreme court. Democrats and the president complaining the republicans have been using the filibuster too much to block his key nominations, but republicans saying, hey, we this is part of the chicks and balances checks and balances that were in the constitution and that democrats and the president are just trying to change the conversation from obamacare to something els
Ukraine. But stronger than expected ism Services Number lifted the mood on wall street. The dow gained 18, the s p 4 trading near a record high and the nasdaq 14. With apple closing above 600 for the First Time Since 2012. Gold is above 1300 per ounce and oil below 100 per barrel. Another high ranking engineer is leaving gm. It follows the delayed recall of small cars with shakey ignition switches. Coke drops the controversial ingredient brominated Vegetable Oil from its drinks. In our trader talk this mornig brian battle director of Performance Trust capital is on the Trading Floor for us. Good morning to you brian. Good morning. Good to be here. Whats your take on treasuries . There was quite a move yesterday. The market is in interesting spot. Were kind of at the lows of rates. Just when you think rates will be higher, the feds leaving the market. We have auctions of threes, tens and thirties and the stock markets at the high so its a very interesting treasury market. Rates might be
It is unbelievable. The sun is shining. Lets make some news, shelley . To town last night. You have been able to hear a bit about what people are saying. Talk about what people are saying, trust five years after the financial crisis, how is it that you think people trust banks so little . I am told we are the second least. Fortunately, we still have congress. News reporters are third. In all seriousness, this is the most damaging financial crisis since the depression, and maybe well before that with all of the home foreclosures, bank failures, and the impact that had on the global economy. T was devastating it takes a long time to recover the trust. It is not surprising. Is the industry not doing enough . The industry is doing a lot. Like what . You need strong institutions, so they are recapitalizing, cutting leverage. They started shedding businesses that were at the roots that got banks in trouble. Lets get more basic than that america does not understand when you talk about sheddin
Great Balance Sheet. Mario, thank you. A lot of fun. We have to go. Well talk about hot dogs next time we see you. You bet. Make sure you join us tomorrow. Squawk on the street begins right now. Good thursday morning. Im melissa wlee wilee with jim and david faber. Lets get a check on u. S. Futures and how were setting up. Positive data out of china. China exports came in much stronger than expected. Jobless claims coming in 9,000 above consensus estimates. A higher open at this point, dow about 52 1 2, s p looking to open up 8. As for the picture in europe, of course all eyes are on the esc presser, ecb and bank of england leaving rates unchanged. The question is will draghi open the door for the possibility of a cut. So thats on our radar. Italy biggest gainer there up more than 1 . Our road map this morning starts in washington. Jack lew officially nominated as treasury chief. Lew is known for his role in the being acrimonious talks in 2011. What could it mean this time. Tiffany dis