Democrats promise theyre going to be talking about guns when they come back. All right. John, thank you very much. John harwood reporting from washington. Okay, folks. The day is here. We have about four hours left. Lets listen. Jonathan roth. Youll be back. Soon youll see. Oceans rise, empires fall. 3 59. Were going to hear something. Voters deciding whether or not to remain part of the European Union. The decision coming down to the wire. The outcome could have a huge impact on your money. Welcome, everybody, to a hami hamiltonian edition of power lunch. Michelle is off in london and well get to her in a bit. First to the markets, a huge rally on wall street. Traders watch that brexit vote. Bob pisani is on the floor. The market is acting like it knows for sure that the uk is going to vote to remain in the European Union and that makes me nervous. Its raining cats and dogs over. There the outlook is still very uncertain. The market knows whats going to happen. Look what happened to t
A very good morning to you. Lets get straight to the Market Action and take a look at futures at this hour. Last week, we saw around about half a percent of gains for the week as a howhole. Mostly coming through on friday. Allowing the Interest Rate sensitive stocks to do well, the likes of utilities outperforming in some of those other stocks like financials in the other end of the curve. Disappointing on friday, but for the week as a whole, financials still did pretty well. Were looking at things today in the futures market, we are called higher, only slightly. The dow expected to ep up 22 points. If we look at the yield on the tenyear note around 6 . Pretty much where it was the week before. Little bit of movement during the course of last week, but ended things and started this week at a similar level. 1. 60. If we take a look at european equities, similar market tone here on monday. Mixed cay of trade by the german dax higher around. 20 . Keep in mind germany factory orders did pi
A lot of japan looking at hong kong and taiwan the performers across asia though hong kong is really, really ushing it. Lets shift gears away from the equity markets and look at what is happening across currency. Mostly a dollar up, moderate gain. The taiwan dollar here, part of this group pulling back against the dollar. Another tepid set of inflation reports out of each country. 46. 60. Weaker against the u. S. Dollar. If you look at the aussie dollar that is i think up for a fifth or sixth straight day ell above u. S. 60 or 70 cents. Commodities, with oil prices you can see ticking up further looking at maybe 80 cents higher compared to the cut off here though the iron ore prices youll want to watch very closely. Look at the contracts in singapore on the way up. Relatively its a decent session so far. Fplgs were good with that. We are moving ahead to the abe decision at 12 30 hong kong time. It is the end of an era in australia as governor glen stevens holds his final policy meeting
Losing streak to finish on a positive. In the meantime though, more fallout from the swiss currency mess. Now some Retail Investors may be getting hit hard with no safety net. Well explain whats going on and show you how the impact there is much wider than the swiss franc. Oil rallying today but still solidly below 50 a barrel. Though you might not want to get comfortable with that too much. We have chris with us today from moodys. He says he sees oil back at 80 again and soon. What would drive it back to that point . You dont want to miss this interview later on the closing bell. Consider me dubious. I want to hear what he has to say. Nobody thought wed be this low in the first place but thats how markets work. We are up 101 points on the dow in the final hour of trade. The s p bouncing back nicely as well, up 16 points. Back above the 2,000 mark. And that nasdaq take a look. You have similar gains across the s p and nasdaq. The nasdaq adding 37 points. It is the third friday of the m
Was therefore 5, 6 years he was a legend. During the financial crisis this guy had faults. He used to get into big positions, saw the risks and reward and took on the trade. Mark a former colleague of the allegedly lash crashed rater, calling him a legend. We are live as he fights extradition to the united states. Welcome to countdown. Caroline coming up, youtubes 10th anniversary. We will take a look at how the video giant went from business to a global phenomenon. But there is one social network that will surpass youtube and videos in the u. S. , and that is facebook. The breakdown facebook, as they talk all things tech. Mark more evidence this morning that the slowdown in china falls to its lowest level. Hsbcs flash pmi came at 49. 2 making a mark for contraction. For more detail, lets go to zeb in hong kong. This is the lowest level we have seen in 12 months. Zeb yes, and it could get worse. New orders and prices deteriorating jobs shedding. This survey suggests that the peoples ba