Of course spain and italy, we always like to have them when im doing this part of the show. But we dont this morning. Italy a couple percent. Thank you, sara. As for the tenyear note yield still hovering around that 2. 5 yeah, there we are, 2. 54 we call it this morning and crude down about 1 . Lets get to the roadmap on this friday before christmas, and it starts with the Trump Twitter bomb. Defense stocks on the move after the president elect pits boeing super hornet jet against lockheeds f35. Investors are taking notice. Going nuclear, russian president Vladimir Putin responding to president elect Donald Trumps call for a nuclear arms race. And wheres the santa claus rally . Come on, its that time of year. Futures are plunging to a lower open as we see from dow 20,000. But the dow does remain on track to match its longest weekly win streak in two years. Well, Lockheed Martin shares are falling as you see right there in the premarket. This after president elect trumps latest tweet on
Sixweek high here. And oil below 44. Our road map begins with the markets and a pause in the post election rally. Plus, were going to get numbers from alibaba on its biggest sales day of the year. And well also have a live interview with its president. Skb disney, the stock volatile after earnings and revenue miss, higher right now. Were going to dive into those numbers. First up, one day after the dow hit the new alltime high, the fed also in focus at a banking conference in chile. Fies chairman Stanley Fischer calling the case for a rate hike quite strong saying the fed is, quote, reasonably close to achieving its employment and inflation goals. No real direct comment, jim, on the election per se, but nudging further along the argument hes made for a long time. Given the run in the j. P. Morgan and bank of america stocks, thank heavens he said that. I mean, this thing a lot of this rally involves again today with the treasuries. People are just saying, okay, look, weve been waiting f
Worldwide exchange on cnbc im wilfred frost alongside the lovely seema modi this morning. Welcome back. Well hear your meeting today. Very cool. And also a throwback theme for the music today. What song was that. Rihanna. I was just joke. The theme for Throwback Thursday is early 2,000. Millennial theme. Lets get to futures. Yesterday we had about a quarter of a foerkt a third of one percent for gains. The dow called lower by 38 points the nasdaq by 12. The s p 500 by about six points. In general the u. S. Markets have been much more resilient than their counterparts. Lets look at the 10 year note here in the u. S. Weve seen bond buying in recent days since the jobs number last friday, and yellen earlier this week. And thats continued. The yields have been pushed down. Below 1. 7 this morning at 1. 675. Overseas trade this morning. Closed for the dragon boat festival. South Korean Central Bank surprising markets by cutting the key Interest Rates to a record low but that did not give st
You have to be seeing across the board, every single group is falling. Equity market feels the pain. Alex will talk central banking and the markets. We clearly want to be discussing where we are going ahead with our guests. We will be talking with scott mather, coming up in a bit. Fascinating, his viewpoint on when they will hike. And of course how good that job number has to be. Alix overall we are looking at a market rerating for the fed hikes expectations. It comes to equities, the dax lower. You have emerging markets lower over the last two days, and they are trickling through with a story in the fx market that is stronger that is the stronger dollar. Particularly, dollaryen, 1. 02. You have yen weakness, but is that confidence about the boj in rode a in corrode a commodities are getting hit across the board. Off by 1. 3 . Ti, a 47 handle now for wti. Bond marketsthe friday you saw that big rally ofyields on the front end the curve. The biggest jump, 10 basis points, the biggest ju
Hanjin seeking to stop vessels from being stranded. Let us know what you think of our top stories. Straight to the markets. Hong kong getting underway in half an hour. Goinglumpur just getting on tuesday morning. Labor day currently in new york. David when you look at the basically next. This is what asia is looking like. Lets talk about europe. Flat fat slightly lower. Just above water there. Ftse 100 down. Asiapacific, what we have seen has been a kickoff when it comes to japan. Have a look at new zealand and south korea. Volumes are flat. Of korea just comes down to the turnover because of the surge in trade in hanjin shipping. Korean air and all the related companies in that trade. Taiwan out with Inflation Numbers, missing expectations. Just over half of 1 for august. It is much higher. No clear direction for asian markets. Have a look at currencies. The dollar is up a little bit at the moment. Europe butsession in a bit quiet when asia started. He dollar to yen, backup as you can