Two feet. Boston may top attitude feet instead of three. More than 7000 flights have been canceled greater the travel ban has been lifted along with several neighboring counties. Policymakers will start their meeting today. They are not expected to raise Interest Rates. Inflation slows down. The yield is approaching a record low. A number of earnings reports to talk about. Caterpillar came up short. The maker of heavy Construction Equipment missed wall street estimates. At procter gamble, it fell 31 . The stronger hurt sales. Fourth quarter your earnings earnings beat expectations at pfizer. The new Prime Minister of greece is filling out his cabinet. It should not be a fries a surprise that he picked someone who is a critic of the greek a lot. A lot. Bob kraft has gone on the attack. He said if the nfl finds his team did nothing wrong the league should apologize to him. The nfl probe is focusing on a locker room attendant. This is according to fox sports. Bill belichick said the story
Injected cash for the first time in over three weeks. Japans nikkei his six or higher, climbing about 16,000 for the First Time Since 2007. In Economic Data in the u. S. , at 7 a. M. , mortgage up, durable goods and new home sales. We will get the Richmond Fed Manufacturing index at 10 as well. What is on the schedule . The new york stock ehange closes at 1 p. M. For the Christmas Eve holiday city can make it to the 2 30 at the 21 Salvation Army lunch. Crack for those of you rushing to trade this morning, you will be opening higher. S p futures up by a point. Oh, look at this 10 year yields. Two point 94 . It is optimism on the economy. People tell you is good news but it is a little reminiscent of the problems weve seen in the past. We will see what it does to mortgage rates. Volatility continues for currencies, this time it is the dollar on top. We saw yesterday complete reversal of the dollar trading higher against the yen, pound and euro. Gasoline and oil prices. Oil is up again to
Spirited discussion about the themes here. That ford on bloomberg surveillance, Arnie Sorenson from Marriott International has a global feel for the ebb and flow of American Global business. Ken rogoff joins us in a bit, a lot to talk about. Whereeems to be a davos the business crew, the corporate crew is taking over the meeting. Corporations are everywhere. Hans nichols was showing the helicopters with london tv, they are out. Joining youe shortly. We need to get to Michael Mckee with our morning brief. You are going to play weatherman. So coldannot avoid it, and so much snow on the east coast. Over in england, bank of england has released minutes showing that members saw no need to raise rates soon, u. K. Unemployment is supposed to be the trigger at a threshold of 7 , they are supposed to consider raising rates. Like 6. 5 in the u. S. The u. K. Reported unemployment is at 7. 1 , going to raise the question of what they do sooner rather than later. In tokyo, no change in bank of japa
with oil with nowhere to go. how serious is a problem is the overhang? how long do you think it would take to burn it off in a recovery? that would be a guess on my part, but it s certainly fundamentally hanging over the market. that s why we run into this blizzard of resistance at the $85 level. financial flows may be able to lift it up, but it will take a while. if china is tightening monetary policy, as appears to be the case and the federal reserve at some point will follow suit, could that be very bearish for the oil trend? you see the handwritten on the if wall with gold. it could be. we focus in on these figures, but the bigger picture has been driven by chinese demand. that could put a damper on the commodity rally and strengthen the dollar as we go to that flight to safety. that could spell a big resistance for commodities. we re going to leave it there, guys. thanks to both of you. lots of news for investors to trade o goldman sachs reporting fourth quarter