Will have the looming brexit vote on the hill, and other events to influence the outcome of where the major averages head from here. And steve weiss, the stocks had started to sell off a little bit into the program, and what are you making it, amid the bullard comments that it is a full capitulation . Yes, the second capitulation that we have had, and first yellen came out and had the press conference, and before in the fed note that came out with the meeting basically said, hold on. We are not ready. The economy is weakening and that put the market back on its heels after the jobs number of course that we saw. All bets are off. What is stark is that there is no playbook for anything that is happening. We have had jer areman 10year bunds at zero, and now back to two basis points, and the brexit is hanging over everything. So, as i said, no playbook, and no way to hedge the brexit whatsoever, because it is a true binary event, and if you are going to be taking the risk off and go negati
Plus, donald trump saying brexit draws parallels with his agenda. Back home, questions are being raised about his campaigns lack of funding. A senior trump adviser is with me on sunday morning futures. Global Financial Markets plunging after Great Britains historic vote on friday to part ways with the European Union. For many, a big reason to celebrate. Some probrexit law makers even calling it the uks independence day, but the results shocking investigators. Dow jones close down more than 600 points on friday, closing at the lows of the day. Sparking fears of a worldwide economic slowdown that could last months, could could end up being a global recession. How much will britains decision affect us here at home . Joining us is mohamed el erian, former pimco ceo. Pleasure to see you. Thanks for joining us. Thank you, maria. A sharp reaction to the brexit on friday with markets down across the board. Let me kick it off right there. Do you think the selling continues when markets reopen t
Center. A quieter market day. List two data checks like we did yesterday. The german report with the seminary, finally we are getting to where the government maybe is talking about contingency plans. Yes, very well respected. We havent had confirmation but what were hearing from politicians on the ground, this is something the government doesnt want to get into. But we do here that plans for Deutsche Bank national here more on them through the show. Lets get to the first word news. Taylor mario draghi goes head to head with some of his toughest critics today. He is in berlin where he will lawmakers whoan want to and record low Interest Rates in the area. They same it makes it difficult for eu countries for economic reform. Heposition labor party wraps up the fiveday labor conference today. He says that after having been elected party leader, he has a right to campaign on the issues he chooses. He expects theresa may to call an election next year. A typhoon has landed in Southern China
Eu Investment Plan saying its more than just moving money around. The money we are putting forward today comes from what already exists. Shares in thomas cook plunge after ce oharery green forced to pack her bags. And investors buying into europes Online Fashion retailer after orlando beat Third Quarter sales. Sdwla youre watching Worldwide Exchange, bringing you Business News from around the globe. And welcome, everyone. It may be a short week due to thanksgiving. But that does not mean its been a busy week. Much more important. Hello. Hello. How are you . Got a its fantastic, yeah. Absolutely. A new couple of days, right . Were going to have fun. Wilfred is doing the slightly earlier show. Im doing this one. I have one this afternoon. Were all over the place. As massively busy week. We were saying this week is crucial when it comes to all the data. Absolutely. Especially when you talk about opec. In the last 30 minutes, in fact, irans oil minutester has called on unity from opec amid
She will be with us live. Sue is out, but simon is in at the new york stock exchange, simon. Yes, weve lost 17,000 on the dow. Only six members are in positive territory. It is the credit card manufacturers, although the credit card players and indeed the insurers that are leading the freight down. Visa of course guidance, very poor, and thats a real problem for the Dow Jones Industrial average right now. I want to turn to crude, past 11 00, we saw spike in brent. Moving to the juch side, this is probably related to ukrainian issues. Mr. Van rump, the president of the European Council is backing the idea of additional sanctions against russia, but that is not been confirmed. They have not signed off on that, that is whats moving things. Also some reports that russia may be providing heavier weapon systems to separatists, thats floating out there as a concern. At any point, brent moving up the s p 500 on that news, a little after 11 00. As you can see moved to the downside. Since come o