Say cuts are needed to pick up momentum. Lets turn the page. Lets look at where currencies are at this point in time. Dollaryen, taking a look at 1. 0939. Taking a look. The shock of flooding. It consolidates in. Pretty much a subdued session. At 1197. R index rishaad lets take a look at india. The session is about 43 minutes away. Futures at the moment down a fraction. Getting you up to speed with what happened. A very topsyturvy day in mumbai. At the end of it, we were pretty much where we started, flat, but we did have some pretty big deltas. Rupee continuing to weaken. Against a little bit of Dollar Strength among some of these emergingmarket currencies. Thething which had gone by wayside a couple of weeks ago when we saw the reserve bank do nothing with interest rates. 50, bute looking at they did not do anything. Some of the verbiage has turned more dovish. As a result, people have been sending yields down. 6. 57 in the 10year note. Lets move things to first word headlines out th
Youre in the United States, we are seeing stocks come off their highs. The s p up 0. 1 . Apple contributing big, up 0. 5 on a positive note. Tesla is down about 0. 3 . Lets get straight to someone who can tell us more about all of that. Joining us from dallas is Burns Mckinney, Allianz Global Investors managing director and Portfolio Manager. We are seeing a mill top in the stock market a melt up in the market through christmas. Nothing major, but we didnt really make any losses. We didnt lose anything we gain through the year. Tot you attribute that what do you attribute that . Burns volumes are very low this time of year, so it doesnt take a lot to drive markets up. This is probably just a bit of a continuation of the early Christmas Gift that the markets got in middecember, where they resolved several geopolitical issues that had been weighing on uncertainty. Namely, the resolution or the detente in the u. S. China trade relations, as well as brexit, and establishment that the fed d
We talk to one of the regions winemakers. The chief executive of boeing has been sacked less than a week after the planemaker said it would temporarily halt production of its troubled 737 max airliner. The company has struggled to recover after 346 people died in two crashes involving its planes. Our business correspondent, theo leggett, has the story. Two devastating accidents and 346 people died. The first plane crashed into the sea off indonesia late last year. Then, in march, an identical aircraft went down in these fields in ethiopia minutes after take off. Since then, boeings newest and fastest selling aircraft, the 737 max, has been grounded worldwide. Blames been placed on a piece of Flight Control software, known as mcas, that activated at the wrong time and forced both planes into a catastrophic dive. Boeings failures and mr muilenburgs leadership have been angrily condemned in the us congress. Those pilots never had a chance. These loved ones never had a chance. They were in
Not to say were on fire ten times this morning, but i need new words for all of this, the dow is up 95 in the premarket. You had a historic day on wall street, all three major averages hit record highs last night. The nasdaq marked a milestone, closing above 9,000 for the First Time Ever on the nasdaq. Jack, your reaction to what youre seeing . If youre a Football Team youre playing good special teams, offense and defense right now. The market is really on fire. And its incredible to see. When i saw the numbers come out after the holidays, that was impressive. To see the consumer so strong, people are going to work, people are finding jobs. I got so many friends that have two jobs now. Folks that dont make a lot of money, their education levels arent that high but yet theyre able to provide for their family and i think thats what really matters is the middle class is getting a boost right now in this economy. Cheryl what youre saying is that people have jobs but theyre not their wages
The chief executive of boeing has been sacked less than a week after the planemaker said it would temporarily halt production of its troubled 737 max airliner. The company has struggled to recover after 346 people died in two crashes involving its planes. Our business correspondent, theo leggett, has the story. Two devastating accidents and 346 people died. The first plane crashed into the sea off indonesia late last year. Then, in march, an identical aircraft went down in these fields in ethiopia minutes after take off. Since then, boeings newest and fastest selling aircraft, the 737 max, has been grounded worldwide. Blames been placed on a piece of Flight Control software, known as mcas, that activated at the wrong time and forced both planes into a catastrophic dive. Boeings failures and mr muilenburgs leadership have been angrily condemned in the us congress. Those pilots never had a chance. These loved ones never had a chance. They were in flying coffins. Senator, if i could try t