Xerox lines up the bridge loan hp. Und its pursuit of citi, and bank of america are cash. Ding the and a checklist and change at the federal reserve. Former new york fed president dudley makes his case for a shakeup strategy kathleen, we are just getting news. Tle bit of breaking taking a look at the south korean economy. Were getting the south korean ovember surplus coming in at 5. 97 billion u. S. Dollars. 7. 39 goods trade surplus at billion u. S. Dollars for the november, falling from just over 8 billion in the previous month. Well be looking at that breakdown for a little more information in terms of how deteriorating exports would have played into that number. In the meantime, all the markets just opened in that open. Hong kong taking a look at the us. For were seeing some flaunk wagses in cash trade in sidney. . S pushing higher by. 1 while we are seeing futures looking higher for the nikkei led the after japan region lower on monday. You see the Retail Benchmark fall the most s
American jobs. Kathleen breaking news on south koreas labor market, we have the Unemployment Rate now at 3. 6 over last year, it was bute point six in december, that is what we are getting so far on this number. Number on thetant context of the korean economy, it is an area where that has been strength, and exports very strong. This closelytching to see how this affects the bank of korea in the next meeting. Holdingemployment rate steady at 3. 6 . And life pictures, lets take a listen. It is great to be here, it was eight years ago i just turned 80. I never really talked to any graduation groups or anything of the sort it was not on bucket list particularly. And then i got invited to go to and i met a truly , whether it was male, female, hispanic, africanamerican, whether it might be, these people have one thing in common. They knew they had it within themselves, they knew they could be something beyond they were. They were willing to put their time and energies to better when i saw at
Stimulus, not less. Yvonne glad you could join us. We are hitting a pause button in the trading, after what seemed like a long runup in stocks. We did see the selloff when it comes to equity markets in the u. S. A lot of talk in asia about the fed and centralbank talks. Indonesia coming out later today. We could see centralbank emergence playing through in this part of the region. Kathleen isnt it interesting coming into this year, the whole story was about Central Banks moving in the direction, that they would all be heading toward the exit. Now the Federal Reserve is like, where is everybody . Everyone has their own reasons to hold tight, including the european Central Banks. I should say reasons to stay easy. Yvonne yes, that is certainly the case. We did not get a good lead up for asia. How are things looking in the wall street session thursday . Seems a lot had to do with tech. Kathleen a lot of digestion, people trying to figure out where they stand with the fed and capital marke
Characters in a bid to have wider debate. Kathleen i dont care how many twitter characters you have come it would take a massive tweet to tweet out so much in Janet Yellens speech today. When you look at the citations, the charts, 20,000 pages. I think she had one message, the fed is going to hike again, even if inflation is below target. Yvonne pretty much. I wonder what the president thinks about that twitter development. But then again, you mentioned about janet yellen. She is onopart a twopart mission, normalizing the Balance Sheet. We saw the market move on this, futures up to 70 for december. Kathleen lets look at what the stock market it, rather muted, but everyone digesting what janet yellen said. You have the dow closed flat. 22,284. 0. 2 of500 gained about a point. The nasdaq up nine points to 6,380. Yvonne big movers were in the bond market, yields heading higher and the dollar. Lets see how things are faring in new zealand. Just getting underway in the last hour two hours,
How conservatives are mounting a campaign against her. Kathleen it is interesting, the juxtaposition of two stories. They go region by region from a tight labor markets, wages are not rising. Janet yellen it ready to sit down with the donald trump, thursdays meeting. I wonder how much they will look at inflation and what he will try to get from her in terms of the future of rate hikes. Yvonne if we are going to hear any details of that meeting, gushing over janet yellen the way he was over john taylor. There was talk about how hawkish john taylor can be. Kathleen what was once letsered quite the dove, take a quick look at the market. Small gains across the board. 61, on the s p 500. 157. Dow at 23, a good seems second be slide up in asia. Lets see how things are looking in new zealand. I have been saying any day on this coalition government, it could be this afternoon we get an announcement by the new Zealand First party. Flat for the nzx 50, the kiwi ahead of that big announcement. Au