Could be a huge week. Weve got that name and those details. First we kick it off with a wild start to 2017. The dow soaring before reversing. Nearly erasing all the gains. But then soaring back in triple digits at the end of the day. All this as president elect Donald Trumper sets aside the automaker. A tweet and then an announcement. Two pieces of news that certainly tie in with what donald trump has been talking about when it comes the manufacturing of vehicles in mexico and then importing them for sale in the United States. Lets start first with ford. This has been in the news a number of months. Ford announcing it is dropping its plans to build the 1. 6 billion small Car Assembly Plant in mexico. It denied that it made this move to appease donald trump. But listen. When you talk with mark, we talked with him on the halftime report. He made it clear ford had to make this decision on move forward given where the market is right now. We look at a lot of different factors. One of the f
In hong kong where it is just after 8 00 a. M. Is just after 7 00 p. M. Here in new york and i am julie hyman. Out of the u. S. That President Trump has fulfilled his Campaign Promise to get rid of the transpacific partnership. Obviously that has implications not just in the u. S. But around the globe so what we are waiting for our reactions, particularly from china to see what they will have to say about this. China trump is also talking about renegotiating nafta. Trade relations will be will they be a lot of fill this void in the global trade sphere. It makes for a mixed picture in asian markets. Exporters are going to be the ones to watch today, given the tone set by trump overnight. The dollar is some thing they are watching very closely even a strongcomment that dollar could have a negative shortterm impact on the economy. 113 dollars mark there. We are also seeing a jump in gold. It touched a twomonth high earlier. We are seeing a pickup in gold holding for a fifth day. Itlook at
Justice department. Eating straight to the market close, we do not have an open in many parts of the region because it is the Lunar New Year holiday. Having a look at what is going on in commodities and more. Mentioned, we have the markets like china, hong kong, and others closed due to the Lunar New Year holiday. Commentseing trumps weighing on investor anxiety and you are seeing consumer and material stocks during the most on the regional benchmark. Japanese automakers toyota and honda among the largest lacquers and in the backdrop we do have gold holding two days of gains and positive in oil after the overnight movements. Electronics, autos and machinery makers looking at the yen gained some ground. Its forecasted dropping as much as 18 . The biggest decline on the intake nikkei and the topix. It dropped its operating profit outlook two 70 . A negative here and it is likely to persist if there is not a drastic change in reggie according to analysts. Direction, we have sydney moto ch
That is what we have up the moment. They are likely to restore the ideological balance. It was left a vacancy and hasnt been filled yet. Have a republican appointee with a decades long record on the federal bench. Just waiting at the moment for what is going on there in formerly of breitbart news, talking to a colleague there. This is what we have as we await donald trump to get to the lectern to announce his Supreme Court nominee. Repeat, the two names are neil gore such of denver and thomas hardeman. People are standing up. One can assume that donald trump is approaching the lectern. President trump thank you. Thank you very much. Thank you. Thank you very much, ladies and gentlemen. When Justice Scalia passed away suddenly last february, i made a promise to the American People. If i were elected president , i would find the very best judge in the country for the Supreme Court. I promised to select someone that respects our laws and is representative of our constitution and who loves
The opening numbers, 3071. Ore, 3071. I will talk more about the open there in singapore. That being said, with the guide, is talking parliament. You look at the balance, do we go up or down from here . It is balanced at the moment. , he we dollar is on the way down. That is really standing out. Not reallyelse is much conviction. Have a look at the bond markets. The rally continues. Massive moves down in yields over in europe. We sought it down about 2. 3 percent. A little higher on the 10 year yield. There is your move. Were back below. 1 here. On the japanese 10 year bond, and in 10 years time we will get best 10 minutes time we will see if it will help support the market and anchor this. Look at the equity markets. We talked about singapore at the moment. Taiwan is also opening up a fifth of 1 to the upside. Said, not a lot of conviction. Just wrap things up with a look at the touchy here hitachi here. The deals. Do long story short, they have a project in south africa. There is a d