Lows of 8 10 of 1 down in hong kong. Picture insome mixed the economic front with the Industrial Production rate rebounding. Retail sales continue to fall, local reports youre talking about the strategies and plans coming out of the csrc chairman. Is expected to be promoting stability over reform. Shelving theks of ipo process. We could be seeing some changes there, coming out of the new chairman. A stronger yen. Little bit ofa paring off on those gains from the equity side. The emerging market debate as we continue to talk about this, we continue to see a case that the headwinds are better than expected, better than usual. Cheap, it has only been cheaper than these recent levels of six times. We are seeing a 28 discount. It is budget day in india. I want to talk about the india rupee. The dollar is strong trend against the rupee. We are approaching a low on the india rupee. 68 was the low in august. We could see continuing weakness. Rish . Rishaad the finance ministers it didg up the
Glencoe shares have risen for the first time in 10 days, relieving the pressure to drive the 10 billion debt cutting plan. Dont forget, betty, he shares this year have sunk by 70 , some decline. Betty i know that you are also watching the deal that was announced. Air gasan purchasing after the stock declined on the closed. Mark you said it, shares in switzerland today are down by 7. 32 . Is it paying too much for airbus . Thats the question being asked today. At 10. 3 billion price tag. Jpmorgan called it expensive but that the price tag reflects a hefty scarcity premium that still lingers in the consolidated world of industrial ive been ahe way, bit of i been a bit of a nerd. Deals markedin worldwide, a market uptick from last year. This was a record year for mma and the record year continues unabated, doesnt it . Absolutely, if you watch the action all year long you would not be surprised by those numbers. Lets move on to our bloomberg first world news. Courtney donohoe has more from
Well begin this morning with the debate between the two parties about which one is more friendly to women. We want to talk to women only this morning. Which party represents you . That debate breaking out on the senate floor yesterday between democrats and republicans. Well divide the lines like this. Eastern central time, we want to hear from you at 202 5853881. Also, you can join the conversation on twitter twitter. Com fox46carolinas twitter. Com fox46carolinas is our handle, or facebook. Com cspan, and you can email us. Journal cspan. Org. Well get to your thoughts in just a minute. Joining us on the phone is ramsey cox, reporting with the hill newspaper, and ramsey cox the senate yesterday on the floor as we said had a little debate between the two parties over which one is more friendly to women, with a bill from the democrats that would try to reverse the recent hobby lobby decision by the Supreme Court. What exactly would this legislation do . Caller the democrats introduced a
Headline positively unamerican, big Time Companies are moving their headquarters overseas to dodge billions in taxes. Allan sloan wrote this be. He joins us from new york this one. Lets begin with the technical word for how companies do that, do this and that is inversion. What does this mean . Guest inversion is a polite way of saying that a company deserts the United States, moves its headquarters to another country, but Everything Else stays the same as it is. It does much less tax than what if it had not left the United States. Host how are companies able to do this . Guest because it isnt illegal. What typically happens is that a u. S. Company buys a Foreign Company, you do sort of a reverse transaction where technically the Foreign Company buys the u. S. Company and what used to be called the allan sloan corporation becomes allan sloan tlc and is incorporated in a different country. Nothing changes except the paperwork. Host how much does this mean in lost revenue to the treasury
For the Dow Jones Industrial average, up nearly 156 points. It finished at 18,288. The nasdaq closed 44 points higher. It was 5,008. The s p 500 also at a new alltime closing high up 12 points to finish the day at 2,117. Berttha coombs joins us with what drove the index to this level. Hi, bertha. Its been an amazing ride tyler. 15 years ago, you had stocks that traded on the nasdaq with valuations that were sometimes 100 times or more what their earnings were, if they had profits at all. Very different index right now. If you take a look at a number of these stocks some of the high flyers they now have valuations that are much closer to the closing market. The nasdaq 100, even if you have stocks like amazon and tesla, you still have other stocks that brought the nasdaq 100 pe down to 19. That compares to the s p at 17. And really the biggest indicator is apple. Apple, despite being the Largest Company emp by market valuation, trades at just 14 times its recordbreaking earnings. Pr. Ber