Speak and in the last halfhour tom keene interviewed Federal Reserve vice chair Stanley Fischer who weighed in on employment. We will be aiming and very likely close to 2 inflation and full employment, which somewhere around where we are now, possibly a bit lower. Jonathan joining us now is sebastien galy, Deutsche Bank director of ethnic strategy and from our european headquarters, speak,ek full of fed what have you learned so far that he did not know last week . I think what we have learned is the fed is really optimistic. The data has been ok, it is not than on fire and they recognize that. You have not preannounced something for march and they were not go into a march meeting and the market since then has repriced something between 223 hikes. Hikes. Two 23 the market is pricing some uncertainty between now and the end of the year something might happen. If there is a risk aversion event of the risk is to the downside to the market is priced almost perfectly. From our perspective at
First Abigail Doolittle tells us everything going on in the markets. Small small gains for the nasdaq but nonetheless looking at it caused with the reflation trade, the dow and s p 500 trading lower, the doubt on pace for its worst day in the month of february. Thething else about today, first day in seven trading sessions that we do not have some sort of record high for these three major averages. A bit of a pause in the reflation trade. We have stocks close to the record highs and still do not have a 1 move for the s p 500. ,hen we go into the bloomberg the top orange line is a 1 move up in the bottom line is it one person move down. We are now on day 49 without a move up or down. Day 89 without a move to the downside, the last time that happened was in 2016. Stocks trading to alltime highs on the reflation trade, the risk rally, we do not have any really big conviction behind it or big moves. The last view times the other ranges broke it was on massive volatility so when this tradin
First Abigail Doolittle tells us everything going on in the markets. Small small gains for the nasdaq but nonetheless looking at it caused with the reflation trade, the dow and s p 500 trading lower, the doubt on pace for its worst day in the month of february. Thething else about today, first day in seven trading sessions that we do not have some sort of record high for these three major averages. A bit of a pause in the reflation trade. We have stocks close to the record highs and still do not have a 1 move for the s p 500. ,hen we go into the bloomberg the top orange line is a 1 move up in the bottom line is it one person move down. We are now on day 49 without a move up or down. Day 89 without a move to the downside, the last time that happened was in 2016. Stocks trading to alltime highs on the reflation trade, the risk rally, we do not have any really big conviction behind it or big moves. The last view times the other ranges broke it was on massive volatility so when this tradin
Overnight in asia, the nikkei was flat. The hang seng and the shanghai were slightly higher. In europe, in early trading right now, youll see there are mixed messages. For the most part the major averages are around the flat line. In italy things are down by 0. 9 . If you check out crude oil prices, right now it was up 1. 2 yesterday, giving back some of those gains this morning with wti at 54. 02. Lets get you updated on some big stories today. Earnings just out from Toll Brothers. The company earning 42 Cents Per Share in the first quarter. Revenue was better than expected. Home building deliveries about flat in dollar terms. Increased 12 in terms of units. The company says the average price of homes delivered declined due to changes in product mix. Carl icahn bought a large stake in bristolmyers squib. Its unclear how big his position is, but he sees the drugmaker as a potential takeover target. The report was released after they announced they would add three new Board Members and
Anchor we begin in syria with what appears to be a major blow for the Islamic State group, turkishbacked syrian fighters say they are in control of the town of albab following weeks of fierce fighting. This is expected to pave the way for turkishbacked assault on islamists. We have the story. For the a breakthrough strike to wipe out the Islamic State group in northern syria. Pouring in, and the sounds of gunfire. These at thebacked rebels seized full control of the town of albab on thursday. As soon after, they were flying their flag, as is seen in this amateur footage. , we gained ground in albab and the islamic militants are in a difficult situation. , it isr julia albab south of the turkish border. It was once a stronghold for the militants. Forthey have the groundwork an eventual assault on rocco raqqa. Officials, soldiers are now looking for pockets of militants. Jihadist may have struck a deal with the turkeybacked rebels to abandon albab after five months of fighting. Meanwhile