So far the conservative Republican Leadership is refusing to return the favor. Barack obama makes a rare primetime speech from the oval office in the wake of the San Bernardino shooting that left 14 dead. The president says the Islamic State group will be defeated, but critics say his current strategy is not enough. Coming up, the british army takes on major flooding in the u. K. Thousands of homes and businesses battered by heavy rains and winds over the weekend. And in business, we will be looking at athens latest efforts to satisfy International Creditors as lawmakers narrowly approve a tough austerity budget. That and more on the way. First our top stories. There has been a dramatic shift in frances political landscape. The far right party one big sunday in the first round of the Regional Elections. The results came as a shock to some but they were not completely unexpected, especially as the vote was held just three weeks after the terrorist attacks in paris. Oliver farry has more
Welcome to the pulse live in london. Im manus cranny. We have had a tough ride in equity markets. For stocks. Chinas benchmark index closed flat on the day. It wasnt a day that was not without its drama. The shanghai dropping by 5 . And that then turned around, flipped around. We went into a gain of. 9 , before he came back to the close of trade. Of course, this is the last trading day before Mainland China goes ahead with a world war ii parade. And those take place tomorrow, as china prepares to flex its military might. The government has been flexing its muscles in the markets. For more lets bring in richard frost. Great to have you with me this morning. Back just ated it the close of business. This is the most, i suppose, contrived market for many years. Richard yeah. Become incredibly predictable, but it is also a ts bolder every single day. Fell almost 5 shortly after it opened. And during the day, it started to come in, but it is in that thishour, where we see concentrated buying
Industrial average at levels in excess of 17,000 now. Here is zeb eckert. At stake a look at the numbers. It was a banner session on wall street. We saw gains for the dow as you said, pushing above 17,000. Initial indications across the asiapacific are that stocks are advancing. Certainly what we are seeing in markets that are now open including malaysia as well as singapore. Taiwan starting with a higher open. The trading day continues in australia and new zealand. Gains of about 0. 75 . Kospi index, a minor downside. Call it flat, really. We are watching that as well as the currencies. The japanese yen pretty much unchanged today. We did see the selling earlier. Investors take riskier bets in the equity market, not necessarily looking at safe havens. Lets take a look at what happened overnight on wall street. Dow jones industrial average moving above 17,000 for the first time. Also hovering 500 at records. Europe did especially well yesterday. The dax is about 10,000 as well. Give me
I am guy johnson. What have we got for you . A bloomberg exclusive. We are going to speak to the ceo of accor about the hotel and tourist industry. We are going to talk about French Economy as well. Tesco launches a new version of this tablet called the huddle. Unnecessary distraction for the sampling the struggling supermarket . I have actually got one here. It is wrapped up. This is from tescos pr. This is Christmas Morning for me. We are not allowed to unwrap it for another hour. We will see what it looks like. Should tesco be investing in that kind of stuff . First, lets talk about jobs day. We are watching the worlds most important economic indicator, forecast 250,000 new jobs added on the month. Jon ferro is here with more. Where does that take us on the path to rate hikes . Good question. I am more excited about this number than this box. You want to be here to unwrap it. May be. The quality of the wrapping leaves something to be desired but anyway. , even withwth disappointing
In some cases they have gone down. And dont forget about energy prizes. Api reported u. S. Oil stock piles surged by 13 Million Barrels this past week. Well be getting official data on inventories from the energy administration. The dow was down close to 300 points. This morning youre seeing a very modest rebound. Dow futures up by about 14 points, s p by 7 and nasdaq by 46. Lets get you through a flood of stocks to watch this morning. Lets start with apple posting the largest profit in corporate history ever to the tune of 18 billion. The results blowing away even the most bullish estimates though i did see some worries. What do you think the dependence on the iphone. Too dependent on the iphone. I think id take the other side of that trade. You can depend on something not selling nearly as well. I would put all my efforts on something that barely sells instead of something that sells so much. Im glad its apple earning 18 billion because when exxon earned 10 billion people didnt like