This now for at least a couple of weeks. How big of an issue is it . Its a big issue when we get into january, and we hear from corporations what the impact has been and what the impact Going Forward could be. Secondarily what will the chinese do as it relates to deappreciating their currency. Why do you have to wait until january . No, its not. No, its not an issue. You are not going to get the headlines from the companies who are going to cite the appreciating dollar. You dont make the moves now . You have to have the reality of it in the upcoming quarter. Right now you have to focus on a market that has clearly reversed the expectation that president elect trump coming in would be bad for stocks. Its about fiscal policy finally being put into place. Lastly, i just asked why is it that we are always looking for the exit sign when the market advances . Thats been the mentality over the last seven years. It hasnt worked. Whether the trump rally to the magnitude people have gotten it to
The yen soaring on the news. Does that excite you . With kelly here. Kelly can yes she loves currency stuff. Its crazy. Talking about 108 . Just the move. Look at that chart. I dont have a lot of insight. But i think it is remarkable that it can get whip sawed like that. Everybody piles in thinking it can only get weaker and then here we go. Live by the sword, die by the sword. Anyone putting their foot on the accelerate anywhere around the world is usually a boost and i thought really . This causes us to go down . Well the turnaround for japan. It was interesting when they did the negative rates thing in the first place. And everyones trying to do the same thing. But it was that moment they went negative you actually started to see things go the other way and it hasnt stopped since. When they go negative. Politicians do that a lot. They promise to not do that. I have to say two things. Can i compliment you this morning on two things . The tie and the haircut. Thank you. And dye job ho
And stronger dollar, likely to keep inflation below target for some time, noted that the committee might begin normalization at a time when core inflation was near current levels although in that circumstance participants would want to be reasonably confident inflation would move back toward the 2 target over time. Right now that core inflation target is running 1 1 2 . The minutes also say that the, most fed participants project raising rates, quote fairly gradually over time. And finally, the minutes say quote, participants generally regard the net effect of recent decline of Energy Prices is likely to be positive for Economic Activity and employment. However, many of them thought further deterioration in foreign economic, in the foreign Economic Situation could result in slower domestic Economic Growth than they currently expect some theyre watching things overseas as well. Melissa . Melissa peter barnes, thank you so much. Lets take a look at the markets and see reaction. Well brin
Knelt. Walking down the aisle could mean walking away with bigger tax bill. Clark howard with the traps they need to watch out. Does the highpriced hardware live up to the hype . All that and more coming up on the willis report where consumers are our business. Gerri bill clinton, on the defense says he has no regrets for taking millions of dollars from foreign donors for the clintons charitable foundation. The former president telling nbcs cynthia mcfaden, quote, there is no doubt in my mind we never done anything knowingly inappropriate in terms of taking money to influence any kind of American Government policy that just hasnt happened. Here to weigh in our political panel. National review editor rich lowery townhall. Com he had toward katie pavlich, a fox news contributor. Rich, i have to get your reaction to this comment. I found it so delicious and clintonian. You look at that sentence you really want to parse every single word. Gerri bring in the lawyers. What does he mean by kn
This news that apple could be moving into the auto space along with google . These are some big tech players aiming to shake up the Auto Industry. And they have big piles of cash. On those two fronts, the Tech Companies are in a good position. Where theyre going to their parts from, what kind of engines they were built . He said that they can learn a lot because the cars themselves are starting to become more technology focused. They all have wifi and have an integrated driving experience. But the key depends on how many engines the Tech Companies intend to produce. If they just go with electric, they could get there a lot faster. If they try to compete with combustion engines, it will be a harder road to travel. That the soft the passat won the car of the year. Manus disclaimer, i dont drive a car. Mark we will be back there in a couple of minutes. He is bmws sales chief ian robertson. Manus Mark Zuckerberg stole the show at the Worlds Largest mobile conference last night. He took to