Regulatory reform. Why were you interested in that role . You know, i honestly am sort of surprised so much is being made of my being named to that. I dont think it really changes what ive been doing. You know, ive known donald for years. Hes an extremely bright guy. I backed him for the presidency. And, i mean, its almost like talking about i know theres talks about conflicts and im sure that youre going to talk about that and ill just say this, that its almost as ridiculous as saying, you know, if that donald shouldnt talk to a jamie dimon about Bank Regulation because theyre ceos of a bank. I do own companies in every area, but as far as im concerned i dont have any specific duties. What im going to be doing is basically talking to donald as ive talked before and i do think its important, extremely important, for this country that theres absurd Regulatory Environment is toned somewhat. Im not against regulations at all. I sort of believe that you need a rule of law. But its become l
Quarter of one percentage point. The ftse 100 is intending on keeping its high in terms of sterling. Just a point higher. Germany down about 2 10 of 1 . Makro movers, the column with all the Economic Data is very quiet in europe. Is taking up much of the room for the forex. Swedish krona is having a great day. Bonds, yieldsto are rising in the likes of germany and france as well. A little bit of selling in germany. The twoyear yield 18 basis points in germany right now. That is for the european markets. Lets take a look at the u. S. Markets. Abigail we are looking at modest gains for the major u. S. Averages and seb dow and s p 500 slipping between very small gains and losses. Yesterday, the s p 500 on the close did have its worst day since october 11. A little bit of weakness there, but looking at modest gains. Also trading higher today are the small caps. Similarlook at story to what is happening on the year. This is a six month charge. And the blue, we had the s p 500. Cap index. Te
See a significant selloff somewhere down the pike. Bank beats biggest estimate. Francine lacqua speaks to our guests shortly. Are less than half an hour away from the european open. Take a look at european futures indicating a strong open after a week or session. The ftse was down yesterday. Sending u. S. Stocks up to my asian stocks following through and european stocks will do the same. Talk about what is on the g a man. That is one of the big stories. The dollar setting the trend for pretty much anything. U. S. Equities had a solid day. Up by. 7 of one percent. Its being set. Two things to watch out for, what happens to the peso as we work away through the day. The other thing to watch out for is what happens to the lira. Many people think it got off lightly. It was a risk on kind of session. It did not get hit as hard as it may down the road. We will watch that very closely. Heres the bloomberg first word news with juliette saly. Trumpte president donald plans to unveil actions on
Healthy and investment has picked up significantly at the end of the year. Inflation ended in 2016 point higher than 2015 and it should keep rising because Monetary Policy is at our upcoming meetings, the committee will evaluate whether employment and evaluation are continuing to grow in line with these expectations, in which case a further adjustment of the fed funds rate will likely be appropriate. She does caveat the outlook, allh is supposed to fulfill the outlook by saying it is too early for the fiscal outlooks might get put into place or what their outlook on the economy might be. She said it is not her place to opine on the proposal but she said it is important that the proposal raise longerterm. Rowth and Living Standards and she goes onto say they should be consistent with putting u. S. The school accounts on a sustainable trajectory. Other words, dont bust the budget. Finally, she mentions securities from the Balance Sheet but of the anything about the timing or method of en
Im wilfred frost along with Morgan Brennan in for sara today. Good morning. Good morning. Great to be here. Great to have you with us. Not just any friday, new music friday. Were kicking off the show with lo lordes brandnew song. The e is silent, much to the amusement. This is very peppy for lorde. Im digging it. Its called green light. Lets get to the Market Action. Lets look at what your money is doing this morning. Starting with u. S. Equity futures. We have got red today. We have the dow jones indicated to open lower by 35 points. The s p poised to open 6 points lower. The nasdaq down 15 points. This after stocks took a pause yesterday given the record rally we have seen in recent days. 9 of 11 s p sectors yesterday finished lower. Led down by financials. Caterpillar was the biggest negative after federal agents searched their offices, something i reported on throughout the day yesterday. Even so, we are on track for all three of these indexes to close the week in the green. Turnin