Days. Francine it is all about the fed, and those odds about them hiking just got that much lower. Tom but i would also suggest it is about the real economy. John norman joins us from bank of America Merrill lynch. This is a real economy discussion filtering in. Francine lets get to bloombergs first world news in new york. Isnie president obama pushing back his timetable to bring americans home from afghanistan. The white house is expected to announce today that they will keep at least 5000 troops there 2016. 2016 according the taliban and has stepped up attacks since the u. S. Ended combat operations in afghanistan left december. More problems for volkswagen. They see some they face a mandatory recall in germany after cheating on omissions tests. Regulators rejected their proposal for a voluntary callback. At majore delays airports across the u. S. Last night because of a computer used for terror watch lists. The outage lasted 90 minutes. Authorities dont think it was intentional. Don
Could help the internet of things really flourish. Do you think that would be the main thing then that the fcc can do is to maybe step back to offer more encouragement in many of those areas . Yes, i dont think we should be overly aggressive at this point. I believe we should allow experimentation with the internet of things. And i think thats how well see its possibilities grow. Okay. Thank you very much. Thank you, mr. Chairman. Thank you, senator fisher. Senator daines. Thank you, mr. Chairman. Its good to see you here today, commissioner. And good to see your family here as well. Caroline frances is one of my favorite girls name. We have a girl named caroline as well, shes now a big girl. And emmet joseph, thats a sharplooking tie as well. Thanks for coming to montana last month to participate in the telehill workshop, where im sure you saw firsthand the opportunities that technology truly can bring to Rural America. In your statement, the committee, you mentioned one of your Top P
When the options are done, everyone is done. Ready for christmas. Traffic in new york have settled down. James steelewhen will join us, we will talk to him about cold links to other commodities. Larry summers with a terrific blog, i will feature that as my morning mustread. Guy he is pretty concerned about what the fed is up to. Think you very much. What a show we have lined up. If youre sitting at home, maybe wrapping a few presents, this is the show to watch. Tom i havent started shopping, yet. Guy is that why it is so quiet over there, i think you will have an easy run of that. Vonnie i know youre both joking, you just dont want to tell me what you got me. The highranking officer asked that it will take some time for the iraqi forces to retake ramadi. They are in a battle in the center of the city. The capital was seized by the Islamic State last may. Accusing russia of killing hundreds of civilians in syria. They have conducted airstrikes since late sip timber. They say that russia
All three major averages taking a hit a day after the fed raised rates as investors say ok, now what happens, after they waited for that Interest Rate increase for so very long. The focus has been shifting back to commodities, which has been the tale wagging the commodity dog. Take a look at my terminal. You will see this illustrated more in detail. A broadbased selloff. Utilities are doing well. Rates are coming back down. Otherwise, steep selling of financials, tax, consumer discretionarys, industrials all lower. It is still materials taking the biggest piece on a percentage basis. Crude oil is falling. We have seen a resumption of the selling. We are seeing wti trade near a sixyear low. Oil,e very least for crude even though it has been bouncing around, obviously the losing streak it has been on as the glutton continues in the oil market. Betty it does, and there is a glut in the Metals Market as well. Pricesyou have gold falling. You are looking at a multiyear low of about five yea
Should china have waited longer before ditching the safety valve . The man who invented the system says beijing got it wrong. An extraordinary week for global markets. Europe and into asia and beyond. David mid day and the way things look right now for equity markets here in asia it looks to have fizzled out at least in our time. You can see just about every single sector group. On the way up. Volumes of action picked up. It indicates that buyers are back to some extent. Groups . Performing oil and gas. Industrials as well. Consumer services. China, the big winners here apart from every single sector on the way up. The steelmakers doing particularly well. We are looking at gains here on the order of eight to 10 . Some of the bigger names. Industrial metals. A local report that we might actually see some support within this beleaguered sector. A lot of people calling it serious overcapacity issues for steel. Finally, the chinese currency. It has been fairly stable. It has been quiet. Th