I think it is needed for the current condition of the market. Nejra and burning the midnight oil. European leaders pull another allnighter in the search for the next European Commission president. We are live in brussels. Manus a warm welcome to daybreak europe. Oil is higher this morning, brent is up by 1. 5 . There is word on the street below me about certainty, about a surety. Those are the words from the secretarygeneral. The consensus is building. Termsonths is offered in of an extension to the opec cuts. Putined bin salman and agreed this before the delegates arrived. Nejra, good morning. It is a gorgeous day. We will be chasing ministers, we will find out what a ninemonth extension for the current cuts could do for the market with trump and xi talking to one another. Nejra absolutely, and that is the key link. Good morning to you. Because we got that agreement that could be rubberstamped at the opec plus meeting over the g20 weekend. It is interesting how important the g20 has b
Announcer washington journal continues. Host welcome back. It has been 75 years since the Marshall Plan started. Welcome back to washington journal, its been 75 years since the Marshall Plan started the flow of billions of dollars in usa departments of europe after world war ii. Our guest is ben steele, hes the author of the book the Marshall Plan. Don of the cold war. Hes also senior fellow of economics at the council on Foreign Relations and he joins us from new york city. Ben, welcome to the program. Thank you for having me, amy. So, describe the Economic Conditions of europe right at the end of world war ii and what was at stake, both for europe and for the United States. Conditions were very dire, quite obviously, there were massive destruction, factories, roads, bridges, canals all destroyed around the continent. Most importantly, the inter Gate Division of labor that we count on in developed countries in order to move food from rural areas to urban areas, to move manufactured pr
Crude is rebounding a little bit after a couple of days of a selloff. The euro is weakening against the dollar because the u. S. Dollar has been strengthening so much over the past few days. That yield curve spread is actually widening for a change. Its up a little bit. I have been watching this. The greek has come down. It has gone down about 4. 5 . David that is remarkable. It is jobs day. We are going to get those u. S. Jobs numbers for november. Spacex will be launching a falcon 9 rocket to deliver cargo to the International Space station. When bitcoin day it comes to wall street. Futures contracts on the cryptocurrencies, the banks are figuring out how theyre going to respond to all of this. Its time to our first take. We discussed the top three stories of the morning. Up first is the deal on brexit. Theresa may got the goahead it. The second story, the rise in the u. S. Stock market pointing to more gains through the end of the year. , u. S. G news coming out jobs numbers for nov
Abigail looking at mixed trading action for the major averages. Week, the major averages having their best Weekly Performance in years. With, a bit of a pause investors looking for direction and consolidation here. The dow down. 6 at session lows. The nasdaq ever so slightly higher. The dow being weighed on by the shares of walmart. Lets look at shares of walmart and home depot. Walmart down 9 . The company put up a disappointing fourthquarter this, theirhind ecommerce efforts with jet. Com not doing so well. They dont know the full effects of the tax overhaul. Overall, a disappointing quarter for walmart. Home depot has been higher, up 2 . They put up a solid quarter. The Earnings Guidance for the full year a bit below the forecast. Looking past the result and the fact that they had forecasts for shares ever so, slightly higher. Shares of righty trading higher on the news that albertsons is buying the company for 24 billion. Teaid tradingrigh higher. This will give private investors a
Brexit negotiation deadlock . Guest that very question. Is now onheirma traders radar. It will not track into the same regions as harvey did. We do need to pay attention. Look track that story throughout the next few days. Matt . Than ae are less halfhour away from the start of european castrating. Take a look at cash trading. Take a look at the futures. We are looking at gains on the continental, not so much in london. Often, that reason has more to do with currency than individual stock movers. We will check that in a moment. I want to take a look at the bond trade. We are trading down. The yields are coming down. Investors sold off a debt and they have been buying it back, pushing yields down to 0. 36. We will keep an eye on that, not really a clear sign as to which way the european markets want to go this morning. Guy lets take a look at where they were yesterday. Maybe that is a guide to where they will go today. Performance coming through, the s p was up 6 10 of 1 . The core pce