New fears of a bubble. Haidi beijing and washington prepare for top level talks over tensions and trade in north korea. Rishaad the secretary of the state turning up the heat on pyongyang, saying the gears of patients are over. Lets look at the markets, no trading in tokyo. , some data coming through, reaction to house price numbers out of china. Also the followthrough on this trip by secretary of state Rex Tillerson. That a lot to impact from tillerson visit. , currencies seems to be off the agenda and that g20 communicate. Forwonder what that means that fear of a currency war between the u. S. And china. We are 30 minutes away from the we are 30 minutes away from the open end the mainland and in hong kong. Sophie we do have new zealand stocks leading the drop, voice for the biggest fall since november, down 1. 2 . Aussie shares are snapping a four day advance. The yeartodate rally is a repricing for an oldschool economic recovery led by shipments to the u. S. Take a look at currencie
Headquarters, i am francine lacqua. We will be joined by former bank and member of the institute for butrnational economics, first, the bank of japan has refrained after the economy shrank last quarter. Nearly one third of economists see the doj making moves by the end of next year. We are joined from tokyo with brett with the very latest, right, what is the likelihood of the move in october . Brett the likelihood is increasing. We have one third of economists saying that right now. As the governor pointed out today, the expectations are flat overall right now. Very much what is in focus also is the oil market. Reaching the inflation market is pretty much determined by how oil moves over the next several months. There are also some indicators in the local economy. Consumer spending has been quite weak. That seems to point to the possible need for more action. Francine bread, how much will they be looking out for the yen . It has climbed a bit today. Brett the boj has many options avail
Because we are attending the annual baron Investment Conference. The man behind it, ron baron, will be joining us for the next two hours in just a moment. We will bring along some Portfolio Managers and the ceos of some of the best performing investments. First, andrew and joe have some of the mornings top stories. Guys, how are you feeling this morning . I dont know how were feeling this morning. Joe has his eyes closed. Thats how were feeling this morning. I rolled in about 5 44. Yeah. I had about ten minutes before. Come on, bright eyed, bushy tailed, boys, we are ready to go. Were raring to go. My buddy, mac, said coffee, joe . And you know i why are you . Thats the first thing he said to me. You never drink coffee. Yeah, i dont. But i might. I heard you asking for decough. I didnt understand that. Becky drinks coffee. I drink decaf every morning. Becky, you didnt go back to the garden state, did you . Or did you . No, i didnt. Okay. In a in a hotel. It was a long pause. And andrew
The indices ahead of the feds. Dia is down. You have the qqq, the qs down. 5 . The spy that tracks the s p 500 and that is lower. The iwm that tracks the russell 2,000 and that is down. There is the tenyear note, the yield at 2. 02. Gold up at 11. 53 an ounce. The euro is down i guess the euro is up against the dollar at 1. 06 and west texas crude is down another 2 . Look at that 42 quote on west texas crude. Lets get right to our senior economics reporter Steve Liesman on a roof somewhere in washington. On the feds roof. And i want to spend a minute because certainly someone just tuned in and said why are people spending all this time on the wort patient and why does it matter . And the reason why it matters so much is it gives the fed flexibility to hike Interest Rates. That word meant they would not hike Interest Rates for two meetings. It comes out as expected and gives them flexibility and begins a debate that has to do with valuing stocks and bonds over how quickly the hike rates
He apparently decided to leave her alone. Donald trump does not plan to pursue an investigation of Hillary Clintons private email server or the clinton foundation. That according to adviser former Campaign Manager Kellyanne Conway, and an msnbc, earlier this morning, conway said, trumps decision should send a message to other republicans. I think when the president elect whos also the head of your party now, joe, tells you before hes even inaugurated he doesnt wish to pursue these charges, it sends a very strong message, tone and content to the members, and i think Hillary Clinton still has to face the fact that a majority if americans dont find her to be honest or trustworthy, but if donald trump can help her heal, perhaps thats a good thing. Look, i think hes thinking of many Different Things as he prepares to become the president of the United States, and things that sound like the campaign arent among them. Trumps decision is a reversal of a Major Campaign promise. A look back at s