Headline low. This is todays Worldwide Exchange. Im ross westgate. Here with your headlines from around the world. The dollar treasury yields continue to prove surprisingly hawkish among concerns of some about the bank qe program. That may add more to todays strange jobs report which led to spectacular hiring growth. Meanwhile, here in europe, composite pmi shows manufacturing in contraction territory. Well look ahead to uk services pmi in under half an hour. This after the hsbc in china shows a slowdown the lowest since august 2011. Warm welcome to you. 47. 8, services pmi. It marked a fivemonth high. That mean the composite number has picked up slightly. The final composite number confirmed at 47. 2, a little weaker than 47. 3 flash, 46. 5 in november. It is nevertheless the high since march. Perhaps some tentative signs emerging that the eurozone economy may have passed the worst of its downturn, although recovery still looks months away. The december Services Business expectations
Right, hes a former governor of the central bank of israel and looks like hell be appointed as the vice chair of our Federal Reserve. I think thats a big reason stocks sold off today because mr. Fisher will be a counter to the dovish janet yellen but fisher is one smart guy. All those stories are coming up on the kudlow report, beginning right now. Were live 7 00 p. M. Eastern 4 00 p. M. Pacific. Im larry kudlow. This is the kudlow report. Well get to the obama care and budget news in a moment. First we have to start with a very important piece of developing news on the fed. Lets go over to Courtney Regan for that story. Good evening. Reporter stanley fish has been picked as the next vice chair of the fed and thats once janet yellen office into the top spot. Stanley fisher ran the bank of israel. Fisher is considered by many to be a hawk on Interest Rates which could change the balance of power inside the fed. Thank you. Thats exactly right. If janet yellen is the empress of the do was
We have been pushing against that ceiling this week. Currencies, yesterday it was the ecb decision that got things moving. The euro is slightly higher at 1. 362. Thats because the euro was so much weaker ahead of the news yesterday. Lets get over to andrew. He has some top corporate head liens for you. Good morning, andrew. Thank you, becky. I dont call these corporate headlines. Its like wall street fine headlines. Bank of america this morning reportedly now in talks to settle mortgage probes. The wall street journal reporting that the bank giant could pay more than are you ready for this, joe . 12 billion with a b. They did robo signing on people that were two years in arrears. To settle with the Justice Department in several states. The probes involve the handling of mortgages before the financial crisis. 5 billion of that number amounts to what is expected to go towards helping home owners in reducing principle amounts and monthly payments. Bank of america and the doj are not comme
Congress returns to work this week. The house dabbling in at noon eastern for general speeches and aveling in at g noon eastern. The u. S. Senate is also back today at 2 00 p. M. And lawmakers continuing work on federal Flood Insurance programs, able to advance the legislation set for 5 30 p. M. Eastern and you can see the house to live on cspan and the senate on cspan2. Hill,ut of capitol several news outlets reporting Florida Republican congressman trey radel resigning his seat following his arrest for cocaine the session. We will have more on this as information becomes available. First look at tonights ladys program. Began theirhillary teaching careers at university of arkansas, bill after yellen 1973 and hillary came a year later. Right outside this building at the university of arkansas where she was a professor and taught classes like criminal law, criminal procedures and trial procedures and the prison project. Hillary was a wealthy educated Ivy League Law school grad who had w
A real danger the oil price should be rising ok some good points there from so if you should man skeel most straight thank you. China says its prepared for a long trade war with the United States it follows a series of tweets from u. S. President donald trump praising his Trade Tariffs Beijing has published a new list of retaliatory tabs on u. S. Products in response to washingtons threats to impose some Two Hundred Billion Dollars in chinese imports Chinese State media lashed out at trump and described his measures as extortion. Business leaders have gathered in washington for the annual meeting of the Agricultural Applied Economics Association a packed agenda punitive tariffs treaties being trashed geopolitical crises global Foreign Direct Investment fell sharply last year especially in africa where f. B. I. Has dropped by twenty one percent i asked the president of the African Development bank. How the globes Trade Troubles are affecting africa. Or first and
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