The dollar, and President Trump. The ecb. Lisa the ecb is facing an economy that is recovering and not just recovering, but is definitely gaining steam in the eurozone. The question is, will they announced some kind of ending of their Bond Purchase Program and will they try to talk down that euro . The euro has been strengthening against the dollar. David it is not just the economy gathering steam, it is the euro. Lisa the fear is that it will eat into the corporate profits. David it also suppressed inflation that mario draghi said he wanted so badly. Steve mnuchin says he has been perfectly consistent, there is no problem with the u. S. Dollar even though it has taken a hit. You can see what the dollar has been doing over the last few days, not good. Lisa and took a leg lower after Steven Mnuchin broke ranks with previous treasury secretaries who always commented about not wanting a weakened dollar. He broke with that protocol and saying it would be positive for the dollar to weaken f
The december deadline looms large and Hurricane Irma sweeps over the caribbean and batters puerto rico on its way toward florida. How much will the category five storm cost miami . Miamiin to evaluate as evacuates. Matt we are less than half an hour from the european open. It is 2 30 a. M. In the morning in new york, 8 30 a. M. In frankfurt. Take a look at where the futures are trading. You have the stoxx 50 futures up one third of 1 and the continental futures are doing better. The cac up. 4 and the ftse futures doing basically unchanged. It looks like a risk on day. It can see that as well if you look at the bunds, yields rising as investors sell off the debt. Maybe getting prepared to raise funds to buy stocks. Here you see the german yield at 0. 26 . Rea that looks like a two day trade 0. 015e today it is up basis points. A little bit of gain in the german yield. Manus there is a forum in vladivostok but we had where we had putin and mr. Moon. Putinkoreas moon and condemned north k
We are discussing with joe manchin, the senator from west virginia. It is a big drama. Jonathan as you know very well, there is a big question of whether it is drama or it really affects the world such as markets. Jonathan thank you very much. Lets begin by getting a look at the markets. Looking at futures, this morning. We go nowhere. Up about a 10th of 1 . The euro a little bit weaker. Treasuries on offer at the margin yields, creeping back off those 2017 lows. Alix i am taking a look at dollaryen, a really interesting morning for that currency pair. Exit from a monetary stimulus could be on the agenda at the boj. Dollar caught a bid and now dollaryen up on the day by 2 10 of 1 . Definitely an interesting level to watch. The vix goes nowhere. Well,s where, gold as off by about two dollars. Crude up by 5 10 of 1 . Lets count down to one of the big events. Less than an hour from now, we will hear from the European Central banks latest Monetary Policy decision. It is believed mario drag
You on the open. Meeting and maralago. U. S. President trump is looking for a concrete outcome from his xiks with chinas premier jinping. Than an hourless and a half away from the cash trade. It will see a sea of red. Red across the board. Were looking at not massive losses but the ftse futures down 7 10 of 1 , the dax and cap futures down. 41 . Keep an eye and equity trade when it opens 28 minutes and 30 seconds from now. Take a look at declining in the bund yields. Very interesting. It is still off from where it was yesterday. Investors have gotten in and bought it looks like some kind of safe haven protection, pushing the yield down to 2. 5 4 . Over the first half hour of trade you can see we have, but little bit. Interesting to keep an eye on that bund yield. Guy the features futures are interesting. Keep an eye on that, we will talk about that as we work our way through the morning. U. S. Trade will be paid a great deal of attention to. The nikkei was down by 4. 1 . And parcel ofd
And president xi jinping having dinner. Herearkets reacted to take us through the market reaction, Michael Mckee. What is at the fed had to say that got the attention of the market . Mike they did talk about the market. They are watching valuations. The feds job is to keep Financial Markets stable. They are a little concerned at the way things are going. There isnt much they can do about it at this point. This may just be a verbal warning shot to wall street. Aboutd went into detail its Balance Sheet program and where they will start reinvesting. By the end of the year, they want to get a couple more rate increases in and then the open question is how they do it once they start going. David nobody quite knows the answer to that. Rate hikes on the one hand and rolling off the Balance Sheet on the other. Mike there was not a tied to that in the minutes, but there was the interview with bill dudley. Qe lowered Interest Rates. If you start removing it, you will start raising Interest Rates