Lets get straight to the pound story. We have seen a great deal of volatility which we need to communicate to you. One month volatility getting a sevenweek high. The panel itself hitting a threeweek low. ,his is implied volatility bracing for the Eu Referendum which will take place on june 23. We have had a couple of polls over the weekend that seem to have put some moves into currency markets. 45 leave, 41 remain. Poll, 41 believe, 41 remain. We have to be a bit careful of the polls were the field work was done during periods of school holidays. Thought people who were younger and more affluent could be away during that period. It doesnt change the fact that the currency markets have been reacting to these polls. Lets move on to all risk radar. The nonfarm payrolls number the lowest in almost six years. We have got the Malaysian Ringgit surging the most in nine weeks. A move of more than 1 against the u. S. Dollar. Have the dollar against the chinese currency as well. Jack lew is in c
Two categories. Interest on the federal debt and mandatory payments on entitlements. That doesnt leave a lot for public investment. And clearly does not drive private investment. Working on shortterm activity right now and monitoring very closely. You are following the economy right now which is you suggested is doing very well and yet i think a lot of us would disagree. On one quarter hardly seems appropriate. Even its trouble or double or even triple we will not grow our way out of our crisis that is upon us. I would like your thoughts because were looking at areas that if we want those jobs to come back and if we want wages to rise, we will have to be in a position where we actually grow this economy once again. Policy, regulatory reform. Actually managing our entitlements, all of which seem critical and yet today we have not talked about that at all. We dont really seem to have a place where we can. Can you as an impartial individual in this process who watches the economy grow or
Markets desk where julie hyman is looking at what is moving. Like a newooks record for the s p and dow, but have been struggling since the open to hold onto the gains we have seen early. The dow is up 16 points and s p gaining a little more than three points. The nasdaq is the big winner today with gains of half of 1 . You are seeing a clear divide and a clear push by tech which is higher, mostly from microsoft, which well get to in a moment. On the downside is energy. We are seeing a decline in oil prices. They took off on the downside at this morning here. The dollar is higher today. We are getting the weekly Inventory Data in about a half hour. I will be bringing you those numbers. In the meantime, the oil price going lower is putting pressure on energy stocks. The also got earnings from halliburton that initially looked sort of mixed. On the one hand, the countries numbers missing estimates when you look at the north american operating loss, which was 8. 2 . That was worse than had
The lowest Unemployment Rate in over one decade and wages rising. This morning, i had meetings others inagues and addition to my duties in this house i shall have further meetings later today, this afternoon, i will travel to berlin to be chancellor merkel to discuss how we implement the decision the british people took any referendum and i expect we will cover a number of other pressing International Issues and tomorrow i will visit paris with similar discussions with their president. Can i warmly welcome the Prime Minister . Minister,the prime given her unwavering commitment to deliver economic stability and National Security in our United Kingdoms interest, that she welcome mondays vote in this house for the program . That ensures economic stability and National Security remain the Guiding Principles of her tenure ship tenure ship . Can i think my honorable friend for his kind remarks and can i join them in enthusiastically welcoming the vote that was taken in this house to renew ou
Markets desk where julie hyman has been keeping an eye on things. Julie we have a mixed picture once again. This is the 14th straight day we are not see a one percentage point to move on the s p 500. Something tomaybe medical happen by the close. This is the 14th straight session. All the major averages once again are not much changed with the nasdaq doing the best because of facebook. If you look at the two week chart of the s p 500, you will see here the tight range have had in that terrible of time as it has risen 2 10 of 1 . This is the record we reach last week, and since then, things have been going down. Session,ack to todays facebook shares are up by nearly 3. 5 and trading at a record. The company has now reached 1. 7 billion active users. Some other earningsrelated movers include the Health Care Company that makes Artificial Joints and other types of medical devices. The company raising its 2016 after Second Quarter numbers beat. L3 raising its forecast. Those are some of the