We were effectively at the lower bound already, so that is coming in at 25 basis points. The Canadian Dollar was already weaker before this. It is weaker now by 1. 5 versus the u. S. Dollar. Lets take a look at where we stand markets wise. We knew after the retail sales data we would like to down, and we are. Awn 2. 4 for the s p 500, and move for the 10 year yield is well back down to 66 basis points. Crude oil has recovered ever so slightly. We were at the 19 handle for most of the morning. 42. Vix is back up to what is happening in europe, guy . Btp spread is widening out. It seems every nation for themselves. It seems there will be no mutualization of debt. Every sector is a negative territory right now. The banks and the oil stocks are the worst performers. You got a pound on offer, the dollar generally bid today. The market is looking for a little bit of safety today. Vonnie arent we all . Lets get you our first guest. We are delighted to be joined by joseph stiglitz, Columbia Un
Out of congress. Europeanarkets stock markets under a little bit of pressure today, down 0. 5 . The senate bill regarding hong kong seems to have cast a little bit of a shadow over markets today. That is certainly keeping people awake at night as we approach december 15. The pound down earlier on, rallying a bit over the last hour or so, back to flat, 1. 29. Two basis points to the good on the german tenyear. We did see some quite disappointing ppi data out of germany, but i think betray narrative is generally more risk off i think the trade narrative is generally more risk off. Vonnie key testimony underway in the house impeachment inquiry , and major Market Energy a political reaction to a just atsed senate bill aimed supporting protesters in hong kong. We are joined by our chief correspondent on capitol hill. We saw life pictures a moment ago. Im curious as to what kind of reaction there is in washington today from the testimony so far. Surely whats been said doesnt help the republi
Hurricane irma is a category 4 sthoorm cou storm. The path is still you unseuncer puerto rico and florida are areas of interest. Here are the big corporate stories. United technologies buying Rockwell Collins for 23 billion. Under the deal, rockwell Share Holders will receive 140 per share in cash and stock. Thats an 18 premium to the Closing Price on august 3rd. The Companies Say the Aerospace Systems segment would be combined to create collins Aerospace Systems which would save 5 billion by the fourth year of completion greg hayes will join our colleagues on squawk on the street later this morning that happens at 9 30 a. M. Eastern time. Lego announced plans to lay off 8 of its work force lego reporting a 5 drop in revenue for the first half of the year the company said most of the 1400 job cut also happen s wille end of 2017. And Rovio Entertainment is planning an ipo. The mobile games studio will list shares in helsinki in a move looking to boost growth the Company Finally returned
Coverage of this storm we are in Bonita Springs and Jackie Deangelis out there and diana olick north in atlanta we want to start right now with carl good morning to you. Reporter good morning to you. As becky said, the storm is very much a force in northern florida, will be in georgia later. Were in southwest florida landfall was southwest of naples were on a bridge overlooking one of the waterways the good news if you can call it that, the estimates of storm surge, 10 to 15 feet, didnt really happen. You have all of these condos, hotels, gated communities that dont look that much different from the pictures that we shot here yesterday of course, im going to give that a big calf fee at given we dont know the fate of tampa and tampa bay. When this was considered to be a doomsday scenario in miami beach, the impact there was very real, when it was considered to be a direct hit, that was a high end real estate story. That picture remains true. A lot of these homes out here, mental heal mu
Because of some strong gains from unh, Johnson Johnson and Goldman Sachs. We will keep an eye on futures this morning as we continue to get the Earnings Reports ibm today lets look overnight in asia. We have seen japan close higher. Youre looking at a gain of almost 27 points, 21,363 hang seng closed marginally higher the hang hishanghai was up by a quarter. In europe, in some of the early trading, the dax is the leader, up over 0. 6 cac up by a half percent the ftse is up by a third of a percentage point if you look at crude oil prices, you will see at least this morning crude oil prices are up 16 cents 52. 04 for wpi. Brent crude up by 41 cents ibm shares are jumping this morning on better than expected results. The company beat on both the top and bottom lines but ibm still saw its 22nd straight quarter of revenue declines the cfo addressing those declining revenues on the Earnings Call last night as we said at the start of the year, and reiterated again in july, we said we would se