We have great guests to talk about your markets by your politics and the economy. But first things first, lets quickly check on what the data is telling us. If you look across assets, it is very clear that stocks are down the touch. They actually recouped some of hatir losses under news t north korea is ratcheting up its threats against the u. S. The yen stay put. Im uncertain about how to trade yen. It would be one of the countries in the line of fire, if something were to happen in the Korean Peninsula. Treasuries retreating. The dollar falling for the most in two weeks, on the back of north korea. Wti. We just spoke to nine a jury in oil the Nigerian Oil Minister. Plenty more on that. It would also get manufacturing figures out of the eurozone. Better than expected. Said, geoPolitical Risks weighing on the market. Kim jongun has threatened u. S. With the highest countermeasure in history. The foreign minister includes that says that could include testing a Hydrogen Bomb in the pacif
The ibex on the flipside is weaker. Political unrest in spain. Ahead of the ecb meeting, here is where we are stacking up. 43 basis points. Gold at a low. Ecbd says david the will hold its policy meeting where mario draghi is expected to announce tapering decisions. Now, lets get an update on what is making headlines. Taylor shinzo abe gambled on early elections and won. That boosts his chances of winning another term. That could make him the longestserving leader. Investors responded. The increased role in the counterterrorism policy. The cia has increased operations in afghanistan. Joining to hunt and kill the taliban. Spanish authorities have rejected a call for negotiations. Day, i ams 24 hours a taylor riggs. Messy politics in spain will be the backdrop for the meeting. The theme is lower the amount and extend the bond buying program. From london, i want to get your take from the unrest we have seen from spain. Does it influence the ecb at all . At the moment, it will not be a key
Flanneryw ceo jeff as the new ceo. I love the job, the company. Andink today is confusing, on the other hand so interesting. Iran gen 2008. I ran ge in 2008. It was bad every day. David joining us now is a bloomberg as dus analyst for intelligence. Why now . Jeff immelt had been getting pressure from all sides. Theystepped it up when initially bought into the stock. Would be passive investors, and when the numbers did not come through, they stepped up the heat. That was part of it, but it had been coming from a lot of different directions. David why hasnt jeff immelt been able to get the stock up . 2009, he did get a nice bounce as he started to redirect the company. Is a questionat among a lot of people. Shrunk ge capital, went back to the industrial base, started a major Digital Strategy , but the numbers have not been coming through and people have been upset about the cash flow. It is one thing after another that has led to the frustration. , that decided that immelt it is time. Th
Welcome, everybody, to power lunch. Were just 98 points away from dow 20,000. It is worth noting all three major indices record highs today. Among the biggest winners, nike, ibm, apple, exxon and microsoft. Tyler . Melissa, im tyler mathisen. Thank you for joining us. Here is what is happening at this hour. Apples new air pod earbuds are now available on online ahead of the holiday rush. They hit the stores next week. Nfib says it is Small Business Sentiment Index jumps to the second highest on record. And 85. 5 of all u. S. Airline flights were on time in the month of october. Who had the best performance . Hawaiian airlines, the most on time arrival. The worst, virgin america. Michelle . Welcome to power lunch. I am michelle carusocabrera. We have a busy two hours ahead. We kick it off with your big market story today. The dow just a stones throw away from hitting 20,000. Bob pisani live at the nyse as we close in on the big 20 k. Bob, first you, the preview. Yes, the important thing
Im mark barton in london. Check out whats happening to your european stocks. Near the highest level since december 2015. The stoxx 600 lower today after seeing the highest levels yesterday. In over 13 months. Big day in japan today. The yen weakening. The b. O. J. Boosting purchases of medium maturity bonds underscoring its commitment to maintaining its yield curve target. Sterile down against the dollar ahead of the big maytrump showdown. Well call it a meeting. Gold is lower today. Falling for a fourth day. That is the worst run since november heading for its first weekly drop. Investors favoring riskier assets, still gold up 5 in 2017. Lets get to the news. U. B. S. Profit more than tripled in the Fourth Quarter. Profit 848 million franks exceeding analyst stims. Shares are falling at the moment. The c. E. O. Ermotti said investors are confident but waiting for reaction from the Trump Administration. The most important thing for me is to see the clients are ptimistic. It is very imp