Move what youre trying to do welcome to power lunch. Im melissa lee. Stocks are lower, but steady, headed in the long holiday weekend. Nasdaq trying to scratch out gains. Dow 20,000, will have to wait. Still on track for its seventh week of gains. Health care, by the way, the leading secretarier in todays session. Heres what else is happening this hour. A developing story were watching closely, the fbi investigating a hack at the fdic which regulates the big banks. More on this story ahead. Reports that u. S. Government is now requesting select foreign visitors provide their facebook, twitter and other social media accounts when arriving the in the country. Consumer sentiment on the rise and new home sales rising 5 . We also have jon fortt here with us for the hour, riding shotgun. Welcome. Thank you. Good to have you here. President elect making waves today when it comes to russia. Our Nuclear Weapons arsenal and the future of our air defense forces. Both stories front and center this
Programs with coxe cuts. Slashing costson be enough to keep investors on board . Matt less than one half or now or wait till the open. European stocks futures pointing down after a down finish yesterday for both the u. S. And europe. The narrative here is that investors are concerned about political uncertainty, political terminal. As a result, fleeing for the safety of safe even assets. Are you seeing that on your gmm screen . Is lets see what happening. Mario draghi saying the euro is irreversible. Certain people in france may disagree with that. The markets on the equity front got smacked around yesterday. Italy down 2. 21 percent. The euro is weak for this morning, down by 6 10 of 1 . Trading at 106. 84. On the markets getting into gear now. Bond markets getting into gear. France tighten their tightened. Italy and greece both whiter. Wider. The focus on the periphery. It blair yesterday. That story looks like it may have traction. Thatep talking about throughout the program. Lets g
Divided hikes, with the swiss insurer targeting an eventual payout of 75 of its net profit. Donald trump prepares to meet his first foreign leader, japanese Prime Minister shinzo abe, as the bank of japan goes on the defensive, buying jgbs in a bid to offset rising treasury yields. Good morning again. Welcome. Glad to have you with us for this next hour. We have lots going on. A packed show for you. Just giving you an indication of where europe is trading, we were called higher by the spread bettors before we opened an hour ago, hanging on to those gains, just over a tenth of a percent. Over night, the bank of japan conducting the bond buying, stopping jgb yields from highing higher this had an effect stateside and some rejigging of yields in europe. When it comes to some bigger movers out there, also just looking at some of the stock specifics, investec has been trading higher after reporting a solid set of first half earnings, similar for zurich. Ahold trading lower after weakness in
Of france. Weapons seized. More than two dozen arrests. Police in belgium rounded up people who may have links to the paris attackers. Who were they . This 26yearold is named as an active participant in the attacks and is on the run. Another brother blew himself up in the paris blood bath. Today at his apartment, a Third Brother spoke out. Translator we could never have imagined that one of my brothers could be linked to this terror attack. We do not know where he is at the moment. Reporter and police named this man in syria as the mastermind of the plot. He is also believed to be behind the highspeed paris train attack in august which was thwarted by three americans and another plot against a church in the suburbs. France has moved an acraft carrier into the gulf and continued heavy bombardment of raqqa, the isil strong hold. President hollande now threatens to strip anyone considered a threat of their french citizenship. Today a moment of silence around the world for those two died i
Looking truly international. Thank you very much for your attention. Thank you. Truly international. Thank you very much for your attention. Thank you. Thank you very much for that wonderful presentation. We are going to open it up for questions. We are on the record as you can tell by the huge number of cameras back here. And well please wait for a microphone to state your name and affiliation and ask your question in the form of a question. While you think of some of your moste est most pressing questions, before you arrived today, we were watching the World Leaders that you mentioned gathered in paris already talking about what immediates to happen in paris and also after paris. That is a unique feature you talked about is that there is a focus on while there is a lot that has been achieved, a lot more still needs to be done. One of the themes that you bring up and its here in your conclusion slides is really that transition from china being the growing emerging consumer to being a