In line with the estimate of 35. 7 billion. The board is affirming all 2016 guidance. The incredible thing is north american operating margin 12. 9 . Global margin 9. 8 . Those are records for ford. They may be records in the Auto Industry in general. I am going to look through this. There is so much stock news. Jon it is very much risk off. Lets get you up to speed on what is happening in global markets. Futures in the u. S. , negative. Negative 16 on the s p. The nikkei to 25 deep in the red. The boj does nothing. Here is what happened to dollaryen. Hyeading much lower. Down as much as three percentage point. I can tell you where it is on my screen. Dollaryen at 108. 05. Lets cross over to matt miller. Matt we are getting more earnings out. A slew2 of companies. 181 of the s p 500 companies are coming out this week. Conoco phillips with an adjusted loss of 95 cents per share. I want to also point out viacom has come o ut. Viacom is looking like 76 cents for an adjusted eps. We were l
From the hill say a resolution for a budget deal looks optimistic in congress. A one trillion dollar omnibus spending bill could be released as soon as monday. The bill will need to be passed by the 16th of this month to avert a government shutdown. A fed farewell. Outgoing Federal Reserve chairman ben bernanke speaks today in philadelphia at the American Economic association. Bernanke will particpate in a q a in addition to his speech looking back on his time as fed head. And. The nation is rocked by an epic snow storm. Deemed winter storm hercules. The nearblizzard condtions continue across the country. With the majority of the snowfall today hitting the northeast. Mark sebastian of swan Wealth Advisors joins us now for some trader talk. Hi mark happy new year. Happy new year. Id like to ask you, were starting off this new year and the dow is down, gold is up. Whats going on . I think now that the fed has begun tapering, the market is to be much more economic report driven than its b