Amazon apple and microsoft with a run clipped midday when the fed chair said he wasnt thinking about thinking about raising rates. Does zero forever, what does that mean for this rally at this point . Well, it means, you know, everybody said it so much splitting the at tom here. Weve very much gone the route of japan i think its absolute madness. I have no idea why he count hld have just said we remain data dependent and thats it. Ill say this, that to me seems to be the same autopilot today statement that he said back in october of 2018 on the other side that he got frikaseed for i think the fed and Central Banks globally are the main reason we are seeing this huge chasm between the have and have n nots when i heard that, i automatically thought, and maybe this is just my nature, that things must be really bad if hes saying that hes not thinking about thinking about raising rates, that were that far off from even contemplating that move. Well, yeah, it was a little mo more downbeat th
Made the central bank think twice about a possible rate hike and for more fed clues stay tuned for exclusive interview with governor dan tarullo later on. Earnings season kicks into gear with jp morgan after the close with the first major bank to report Third Quarter results expected to pose lower trading revenues amid the market turmoil. Coming up on the show, is the unicorn club getting less expensive. We ask if the benchmark really matters. Nudes are old news. Playboy quits publishing naked picks. Is this the end of an era for the iconic magazine . And di caprio turns his sights on vw buying the rights to produce a film about the emissions scandal. And lets stick with the vw scandal for a moment. Take a look at the october survey, the sentiment print, that really took a huge hit as a result of that scandal unfolding over the last month. The institution of German Economic Sentiment index came in at 1. 9 points. This is versus 12. 1 points in the previous month and the reuters poll wa
Im francine lacqua. We are getting breaking news out of italy. Possible qe next week in terms of that inflation figure that is due out any second. Weve already had a lot of macro news affecting the euro this morning. Though it actually hasnt affected the euro in terms of where the currency is trading. A little relief for mario draghi. The European Court of justice has given a favorable opinion on outright monetary transactions, seen as a precursor to the qe plan that many people believe draghi will announce next week. The court has said the omt plan is legal in principle. What can you tell us about this opinion . It seems like it is a green light. In principle, theres nothing behind me in announcing quantitative easing. It seems like the last potential major road brock roadblock has been lifted. The European Court of justice said it may be legal. The outright monetary transaction, which you can read as code for ecb when you look at what is going to happen with the market and mario drag
Sugary drinks that are not selling like the used to. Welcome to Market Makers. Im Stephanie Ruhle. Erik schatzker is out today. Have a special cohost this morning. There is nothing worse than a person sitting next to a person getting their name five euros sample deli bobby o scarlet fu is in the newsroom wholesale inventory data. Wholesale inventories increase at a slower rate in the month of december. Again of 1 10 of 1 . Looking for an increase of 2 10 of 1 . This marks a slowdown from the 8 10 of 1 that we got in the november period on the month over month basis, that was a drop slightly larger than what economists had been anticipating. Carl written on a word warned that this would not generate thats pretty much the case right now when you look it how stocks are performing. They are holding on to their games. Hard to say. Stephanie it is time to take you to topic the stories of the morning top business stories of the morning. Shares of cocacola are trading higher this morning. Coke
Almost entirely due to the strong results from ali baba. We call it the chinese amazon and yahoo owns a quarter of it. Profits more than doubled. Charles payne is here. To you first, what is yahoo if it didnt have a quarter . Charles lets compare the last quarter. Ali baba 3 billion revenue, yahoo 1 billion, revenue up 66 , yahoo up 1 . When yahoo trotted two new digital magazines and the fact the quick and loan bracket challenge they with the Technology Behind it you knew you were in trouble. Stuart if ali baba is the reason for yahoo s stock rise, does that mean Marissa Meyer hasnt done much in her two years as ceo . Is fair to criticize her but it is not fair to say she hasnt done much because the report also said that revenues were up for the First Time Since july of 2012 so something positive is happening. If it was all ali baba would you be seeing a 5 move . Charles two months ago the street said ali baba was worth 150 billion. To date is 250 billion. That is worth 5 to a company