Proportion. If we are unle to meet the pension obligations this comes at the expense of Everything Else that we care about. Arrator tonight, the re cost of the pension gamble. Kentucky might be the first one to go down, bu it wont bthe last. Frontline is made possible by coributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support is pvided by the john d. And catherine t. Macarthur foundation, committedo to building just, verdant and peaceful world. More information at. Macfound. O the Ford Foundation working with visionaries on thel fres of social change worldwide. At fordfoundation. Org. By the abrams foundation,vided committed to excellence in journalism. The park foundation, dedicated to heightening Public Awareness of critical issues. The john and Helen Glessner family trust. Journalism that informs and inspires. And by thesm frontline journaund, with major support from jon and jo ann hagler. bugle playing call to
Watching daybreak asia coming to you live from new york, sydney and hong kong. Counting down to the major market opens in asia. Australia hasjt opened for trade, the top stories this hour, traders on edge ahead of a job support that might set the tone for the november meeting. The sec is feet seeking to force elon musk to answer further cushions about twitter shells after shares after failing to show up as reflected requested. And jim makes a six wage offer as the strike heads for a fourth week. We have the open of the asx 200 here, and sherry has breaking news around peru. We will watching peru cutting the reference rate to 7. 2 5 from 7. 5 . This is the second straight month that we are seeing this cut from the central bank and peru. Improve. Theyre very high given inflationary pressures in the country but we are starting to see more and more Central Banks across latin america start to cut, including brazil, and mexico. And now peru is cutting for a second straight month given that t
Literally lining up to pay their 2018 property taxes. Are we in there somewhere . Do you hear christie made moves today. Did he . He did. In his last couple of days in office yes, apparently well tell you whats going on with that and whether its worth it to pay your property taxes ahead of time because of the tax bill thatll be very interesting. But lets start with how companies are going to be impacted by this tax law, number of corporations have released the impact that they will see, Morgan Brennan has going through those filings, she joins us now with the latest details, morgan. Yeah, thats right, bill, finally getting some hard numbers regarding tax reform or at least i should say the Immediate Impact of tax reforms. Companies readjust their Balance Sheets among the immediate or near term winners which expects the bottom line boost of at least 250 million in the forth quarter, german auto makers expect to see net profit wind falls for 2017, they did add it couldnt quantify the tax
For the s p and the dow. The s p is up about half a percent. The best equity gain yesterday in two weeks. We are building upon that as we gains across the board. We are near the intraday highs for the s p and thehead to the. There is Technology Shares that are tumbling, twitter and yelp. Twitter came out with disappointing numbers today. M easily 2 million a measly 2 million active users. Yelp down a record 28 . Part of that has to do with their cutting their Sales Forecast but also cutting back on their National Branding campaign. Lots of analyst cutting their forecast on the stock, rating on the stock. A different story in commodities, inventories in the u. S. Dropped by over 4 million barrels. Were actually a gain which is why youre seeing nymex crude higher than 2 . Giving a dropon in oil prices has gone down. Also looking at industrial stocks and commodity stocks. Ohs are higher today. Lets take a check on those are higher today. We can see selling in the 10 year. 3 for the 30 yea
Whats actually moving. What you are looking at is the percentage of New York Stock Exchange stocks closing above their 200 day average, we are pretty low. Stocksonly at 36 of the trading above that technical level. We are around the lows of the year, i should point out. That is a bearish signal or a concerning signal, perhaps, for the rally sustaining itself. Elseet something technical analysts were looking at was the dow transport average. The big transportation related coverage for companies, at its highest in slate june. If you go inside my bloomberg terminal you can see that we are above the posted levels from july and we have to go back to late june to see when the dow transfer was higher. Since june, since the fomc anding, there was only 20 one factor as to why they have been getting a lift. Alix you kind of get a read on the u. S. Economy with that. Scarlet lets take a look at currencies, a big driver for the commodities market, up i 2 10 of 1 . I wanted toalix focus on the braz