Lunch. The crypt o hits the fan im Tyler Mathisen the dow down and off to the worst week in two years. Energy is getting walloped apple shares on pace for the worst week in more than three months bond yields, this is the story, folks of the week. Maybe the story of the year. The 30year bond yield now above 3 highest level since march. The benchmark ten year jumping to a fouryear high above 2. 8 Steve Liesman is the man and he is joining us for the hour thanks, tyler im steveliesman we begin with the market, selloff concerns about Rising Interest Rates a big reason why. Bob pisani is at the New York Stock Exchange where weve just crossed the down 400 park. We bottom but the bad news is were not rising were sitting near the bottom and paralleling the 10year yield. We hit the highs about 2. 85 that was about 10 00 eastern time and that was when the market essentially stopped going down you could see it moves sideways. Take a look at the s p 500 and weve been moving sideways since 10 00. B
Davos keynote. We will take you live at 1 p. M. London time. And some like it hot. Mario draghi says the euro area is firing on all cylinders. Hes not going to get in the way. When does the first hike come . The cognitive Monetary Policy is still required. Matt we are less than half an hour from the european open. We are looking at gains across the board. Futures up to 10 stash. 2 . In cace strong gain futures and euro stocks. You can see this is a threeday chart. You can see the big spike there. Now coming back down. Still at a relatively high level. Coming off the highs we had previously seen. Guy european equities would generally lower. Equities saucer from sweden to denmark to norway. The nordics didnt have a great day. The kiwi trading down by. 7 . The aussie dollar, the norwegian krone, the swedish krona, yes there is a relationship. Day for the dollar and for the single currency. Lets talk about lets happening elsewhere. We could be about to head for the first negative week for
Differences between the two countries. Yesterday, presence of candidates campaigned in New Hampshire and iowa. For a question today in the first 45 minutes take a look at 2016, we want to take a look at social issues, especially in 2016, and if you think they will be a factor, invite of the Supreme Court decision on gay marriage. Here is how you can let us know your thoughts on social issues. Republicans, 202 7488001. Democrats, 202 7488000. For independents 202 7458002 202 7458002,. You can post on our twitter page , cspanwj. You can also post on our facebook page, facebook. Com cspan. Or send us an email, journal cspan. Org. On the front page of the New York Times it takes a look at technology and campaigning specifically selfies. Yesterday, a popular day to be campaigning, especially as 2016 comes about. The folks at gallup did a recent poll, looking at americans and their attitudes towards various types of social issues. You can find on their website. It shows a little bit how thin
Euro, and he is now accused of tearing it apart. Tom where will germany be monday morning . Brendan i do not see how this fails, but germany is talking about having a discussion with itself about the euro, and it is entirely possible that they may be ready to contemplate after some time what we have been talking about. Tom lets get to top headlines. Here is vonnie quinn. Vonnie thank you, tom. Lawmakers in germany are getting ready to vote now on the new greek bailout. The plan is expected to pass backed by the majority held in parliament by Angela Merkels party. The german chancellor spoke this morning in favor of the bailout. Angela merkel the dramatic events of the past days in europe cannot be overestimated. These days are dramatic, first and foremost, for the country that is the subject of our thoughts and consultations greece. Lets imagine for a moment what it would mean is at home in germany pensioners would be queuing in front of closed banks to wait for their weekly pension of
Bit. Right now we start with vonnie quinn. Vonnie good morning. Greece has made the deadline it could not afford making payments totaling 7. 4 billion to a number of creditors including the imf and the European Central bank. Greece got a bridge loan after its parliament agreed on new austerity measures. Greek banks reopened for the first time in three weeks but there are limits on withdrawals. Angela merkel says that is one of the reasons bailout cost need to go quickly. Merkel is also suggesting greece get limited that bullies, but she will Debt Forgiveness at 30 to 40 , that cannot happen in a Currency Union. It can happen outside of Currency Union but not within a Currency Union. Vonnie the price of gold has gone to a fiveyear low, down more than 1. 5 today. Analysts say there are a number of reasons. The fed is set to boost Interest Rates today, which favors the dollar. There is a demand for gold in china. Donald trump is doubling down on his attack on john mccain or he wrote an op