Yesterday. Today. Lls not deterred keep an eye on the bank stocks. We saw them significantly higher yesterday, getting a little bit about bid today despite a lot of the expectations for additional fed rate cuts. Definitely a big factor in what we are seeing in the markets on the u. S. Side. Guy thank you. Front and center in europe today, stoxx 600 up. The banks execs is up. Theres a whole lot of factors. We have seen the ecb and the market with another trove being kicked out. Extra liquidity going into the Banking Sector of the ecb. The takeup was not as big as anticipated. Yet the general rate policy story that is a factor as well. All of that contributing to a big bout of european banks, peripherally particularly peripheral banks. The other story is Credit Suisse will be charging rick clients to have a bank account, rich client staff a bank account, basically. More stories coming out of the gulf. Romaine were going to begin with our big story, the Federal Reserve divided. Policymake
It looks like a Consumer Confidence beats on the top line. Coming a lot stronger as well. Is ad know that the s p little bit lower and that continues to be the case. Off by. 4 . The big headline number is tech. Semiconductor coming in with it is sporting forecast. It is dragging down all of the tech sector. Threemonth, 10year. Only inverted by 1 basis points. Jay powell tomorrow, he will be happy about that. Want to take a look at the financials index. One of the worst performers within the s p 500. This is after we heard from citigroup yesterday. They are laying off hundreds of global jobs. 80 of those in your london, guy. Guy deutsche banks front and settle on a story as well. Here, we are trading with a 121 handle. That is helping out the ftse 100. It is not trading as much to the downside as its continental counterparts. By is done. 2. 22 is down 2. 22 . The lufthansa is trading down today. Bayer is trading down today. The tray narrative mixed up in all of this. Continental market
Teleconference releasing results of the Fourth Quarter ceo outlook survey. Finally today, the International Olympic committee will meet in switzerland to decide on russias per dissipation in the 2018 games and south korea. Their decision is expected at 1 30 p. M. Alix that will be interesting. David there is a drug thing going on. Alix i would like to be a fly on that wall. Top stories this morning with first take, Deutsche Bank, tax reform and brexit. Joining us is the editor in chief of Bloomberg News and our chief content officer. Marty, what is Robert Mueller trying to ascertain with a subpoena . We do not at the question of the relationship between Donald Trumps businesses and Deutsche Bank has been subject of inquiry ever since he became a president ial candidate. Totsche bank has refused comment on the relationship, but now he has turned over documents to Robert Mueller and the thought is it is the relationship between donald trump and russia and whether those loans had any conn
There are some things going on outside the market. Good morning. Emma the Trump Administration is opening the door to more oil drilling in atlantic waters. The president awarded the interior department to auction oil and gas rights off the east coast. President obama had ruled out using that territory. Police say it would be a suicide bomber who chose to explode a bomb in a subway station because of the christmas theme. He is described as a 27 euros m a great from bangladesh. He told police he was a follower of isis. The u. K. Once a trade relationship to eat you identical to the one now. The International Trade secretary said that would ensure a smooth transition. They already have harmonization with the eu. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. Alix i want a Million Dollars for christmas. David thats unrealistic. Thats a really good deal. We will have all of the obligations and no say in the eu. Fo
S p futures up by four points. Eurodollar a little bit weaker. The dollar is finally getting a rally. The first time in about five days. 10 year yield pretty much goes nowhere. We had the big selloff all across the bond market. By. 5 . The 10 year breakeven rate is up over 2 . Level it crossed that level just yesterday into the fed meeting. It looks like the market is starting to price in more future inflation. I am sure we will understand it all after we read those minutes. Lets get a on whats making headlines from outside the business world. Emma chandra is here. President trump has a warning for north koreas leader kim jongun. The president tweeted that he has a much bigger and more powerful Nuclear Button. He was responding to kims warning that the Nuclear Button is always on my desk. Theres been a major diplomatic right through between the two koreas. North korea called south korea on a hotline that hasnt been used in years. In germany the Unemployment Rate has fallen to a record