Prices for the redemptions. This has roiled through this high yield space, as Many Companies have gigantic amounts of debt. They took on durg the days of easy, cheap credit in the housing days. Those days are over. And these junk bond funds, particularly the mutual or open funds, are proving to be disastrous investments. I urged you is to sell the stocks of any companies that are borrowing money to pay their dividends, which is the case of many of the oil companies. Now im including a mustsell for any mutual fund where you are risking your principal to grab a little extra yield. A mustsell. Ive urged you never to reach for yield since the show began. I am reiterating that admonition lets go to next weeks game plan. First, well be on the lookout for more stories about Mutual Fund Redemptions just like we had today. Theyre going to dominate the headlines, because Financial Advisors all over the country were calling their clients all day today, urging them to sell junk bond funds so they
Regionally. Investors look to a News Conference this morning from. Ario draghi the European Central bank kept its Interest Rates unchanged and traders and investors are waiting to see if draghi signals a willingness for more quantitative easing. We are one day away from that august labor report. Lets get you started with the five things you need to know this morning. Matt miller is here, watching the markets. I think we ought to begin with the ecb. I mentioned the ecb held steady as expected. Draghi has the opportunity to make news this morning. He will be asked about quantitative easing. Asked about the inflation outlook, about china and global markets. Lets find out from ons nichols what the world expects. Hans i was in frank for yesterday at a big banking conference. Everyone is wondering what is going to happen in terms of quantitative easing. Is mario draghi going to hint it could be longer . September 2016, that is when it is expected to end. When we get these predictions for the
Deadly trend of texting whilst driving. Good morning. Welcome to Al Jazeera America. Im stephanie sy. The thanksgiving travel nightmare is gripping the east coast. Its complimenting one of the busiest travel dates. Those who were hoping to see loved ones were grippeded by a storm. Its a mix of snow, sleet, rain and winds. Severe conditions are causing havoc up and down the east coast. Winter warnings have been issued from georgia to ver mont. The storm grounded hundreds of flights in central u. S. And is threatening to do the same at the airports of new york, philadelphia and washington. Joining us is Randall Pinkston from la guardia. Miserable for those trying to get to their families. Everyone keeps their fingers crossed. If you leave early in the morning you have a better chance of an ontime takeoff. The arrival and departure boards are showing ontime. If you are travelling along the eastern sea board, into or out of, beware of weather. The winter storm barrelling east disrupted tra
Nsw cup in ulster. Worst of the promised ariel sharon has gone the eighty five year old passed away in a time of the hospital. Weve been in a coma following a stroke eight years ago. Sharon held various government pedersen was despised by many palestinians is a hard liner shortly before his illness he withdrew Israeli Forces and settlers from the gaza strip in return the territory to the palestinians. I hear on the way his hospital nintendo wii. Dd is in a coma his death wasnt a surprise his race was still saddened by the news yet he was an extraordinary press and the often very much. He goes along well with people he was a fight to amandas nearly good enough the minute taking out the people. Tight. This guy. Reading horse. Many israelis new sharon as a national hero. He was a brilliant minutes the strategies that quickly turns to the rank of our general. He said his defence minister and then foreign minister before becoming Prime Minister. The tide is he defended his message the ticke
Well, good evening once again from our nbc news headquarters here in new york. And what a back to work monday this has been. Its a lot. The breaking news started late today and really has not stopped as we bring to a close day 984 of the Trump Administration. It turns out a phone call by the president had the power to do what the russia investigation and the Mueller Report failed to do. And that is to launch an official impeachment inquiry. A phone call. And the breaking news we are covering tonight has to do with that phone call between donald trump and the president of ukraine. When trump pushed the ukrainian president zelensky to do him a favor and look into his likely democratic rival joe biden. Well, for starters the wall street journal reports, and nbc news has since confirmed, that secretary of state mike pompeo was on that call. He was among the officials listening in on the call of july 25, something not previously reported. The journal writes, the revelation, quote, ties the