Chicken soup. President elect trump making his big administration nominations and announcing his picks for National Security adviser, attorney general nca director today. We have all the details. Meanwhile, stocks are giving back their early gains today, but its been quite a week for the bulls with stock inflow levels not seen in nearly two years. Well discuss whether the record trump rally has come too far too fast. Trump has promised to roll back regulations but would that eliminate rules . We begin with the president elects new leadership appointments. John harwood has the very latest. Kelly, weve got some action today on the transition front. Three hardline appointments by president elect donald trump. First of all, Jeff Sessions, the senator from alabama, to be the attorney general of the united states. Jeff sessions is someone who was his views on race were too controversial. He was blocked a judge in the 1980s. Hes a staunch foe of legal and tangled with Big Tech Companies over
What kuroda is going to do and how that affects the global bond market. We will debate the future of the feds Monetary Policy with former minneapolis fed president gary stern. First, jon will bring us uptodate on the markets. To the bloomberg, gear up for the session on wall street. In equities, no real drama. We are down about one third of 1 . The dax off by. 4 . The real shakeout is having fixed income. Lets move things over to that asset class. The long end of the jgb curve, yields up by eight basis on the 30year. Endntially it is a long selling off quicker than the front end. The idea as they the idea is that you place in more inflation, more stimulus may be, but more specifically, the central bank and the bank of japan may shift things toward the front end and allow the long end to selloff a little bit. In the fx market, the move is as follows. The dollar is stronger. Up about. 1 . Dollaryen has been absolutely whipsawed by what is happening. If you thought the fed and the specula
All down quite sharply. The worst day in u. S. Stock. Ince june 24 the nasdaq and s p 500 moments ago had been down more than 2 . Today wasory going to the fact the s p 500 had not traded 1 or greater for 43 days. And we see the selling has been excelling at the all day. We are right near session lows. Todays selloff really taking a toll on a weekly basis as well. This is a weekly chart of the s p 500 in white. The s p 500 weekly decline is represented by that candle and its the worst since this one back in february. The brakes is doing the opposite, having its best week since january. We may see a continued selloff in stocks as the vicks rises. Risk, we have the defense tradeoff as well. The Defense Sector trading sharply lower. This includes telecoms. All of these are dividends yields but today, these stocks are selling off as rates are going higher. Year going and two higher today. Reflects double line talking about the fact the fed is likely to raise rates this year. Lets get a che
Why it is getting harder to connect the dots of control funds coming into the scene. Julie wells fargo fired 5300 employees linked to and proper sales practices. How they open credit card accounts without customers knowledge. 30 minutes into the trading day into the u. S. We will send you to Abigail Doolittle with the latest. The one day im am not over there is the day that perhaps the s p 500 will break the 43session streak of not having a 1 move. Abigail we are sharing it in some ways. As julie mentioned, we have risk off for the u. S. Equity markets. The three major averages are down sharply. The s p 500 was down 1 , alluding to what julie was talking about. Streak of not having the s p move 1 either way could be on breaking. Of the s p 500 and dell down three days and doubt down three days in a row. Down three days in a row. Could the lack of the move be the calm before the storm . Many strategists have been calling for selloff. The risk off in the averages are certainly supported
Walk us through just how big a deal this merger would happen, and how close the scrutinizing has been. One of the longest deals weve had running. Its been more than the year. It would have been a very big deal. Halliburton and baker hughes were looking to merge to better compete against slumber j which recently acquired cameron. They dont fly. Its been very seldom that a market can be down to a duopoly. Lisa baker hughes shares not moving much. However insurers also not moving that much. Why . This has been dragging on so Long Committee of investors may have already been expecting this. Halliburton and baker hughes have been trying to make concessions, trent to offer up settlement for a long time now trying to offer up settlement for a long time now. Theyre facing regulators in europe and brazil as well. Theyve been trying to make this work, weeks and weve seen halliburton trying to offload a bunch of assets. Antitrust officials will be talking about the global reach. It is a huge deal