All right. Happy new year, rick, to you and everybody at the chicago merc. We have some serious breaking news from dubai in a scary situation. Here again is sue herera. Absolutely, brian. Here is what we know. A fires a engulfed the address hotel located in downtown dubai. These pictures are coming to us from the Associated Press. This fire broke out just a few hours before dubais massive fireworks display was set to go off. It is in the address hotel. It has engulfed at least 20 floors according to the Associated Press. We dont know the cause of that fire. We dont have any word on casualties. We do know that First Responders are on the scene. Once again, it is a massive fire in a tightly populated area of dubai in a very popular area of dubai im told, and, brian, i think you also stayed at that hotel, have you not z . I have been to that hotel, i have not stayed there. I have been to that region. That is the premiere shopping and recreation and dining destination in dudubai. I dont wa
Our road map begins with the markets taking a dive overnight. Dow off triple digits as the stock moves overseas. Disappointing data weighs on equities in the u. S. Earnings from ge honeywell and American Express have those stocks moving as well as another round of job cuts from schlumberger. Verizon announcing its breaking up the cable bundle into smaller bundles. The new tv offer weve got to explain coming up. Futures moving lower. Taking their cue from declines in europe. Here in the states Consumer Prices up 0. 2 due to Higher Energy cost. The core rate up 0. 2. Few things working against the bulls. We mentioned that crackdown on margin lending, the back and forth between greece and germany continues. Few downgrades today. Several Revenue Misses on large caps, as well. Seems to be a number of things rattling traders, including what was a glitch in the bloomberg system overnight delayed a uk bond sale. Never good news when you have a bad behind what happened in china and worries over
The NCBA Economic Forum has projected that the economy will grow up to 6% in 2024. The forum was held under the theme "2024 Macroeconomic Outlook: Divergence Across economies and Sectors