This is Bloomberg Markets middle east. Sinking amid a surge in the dollar. We have bearish options, take a look at this chart, bearish options hedging against a price drop, the most since july 2015. That is a 10 jump. Bullish, contracts bullish contracts you see on the chart. Donald trumps election when led to speculation that increased Infrastructure Spending will push Interest Rates fast. Almost certain december rate hike approaching. The postelection rally continues. Three weeks of widespread gains. Simultaneous highs at the end of last week. The s p, doubt, and nasdaq all closing on friday to hit those record levels. Here in the middle east, we are just under two hours away from the open of the emirates market in dubai and of the dobby. Lets run you through how the market last closed across the region. We saw moves with stocks that are not necessarily responding to specific events or fundamentals. We will get more on that with our markets reporter. Dubai closed 7 10 of 1 down. Abu
Good wednesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt. Joining us is seema mody. Good to have you back. Busy, busy day, markets have gone into the red. We continue to monitor janet yellin testifying on capitol hill. In fact, on that front, lets get back to Steve Liesman on capitol hill. Steve . Its a scintillating issue here on the issue of Bank Regulation and dodd frapg, trying to be a little sarcastic, but she was asked about Monetary Policy and said theres no timetable for raising rates. She expects the Unemployment Rate to fall further and that most of her colleagues do expect a single rate hike this year. She was grilled on this issue of politics at the fed. Scott garrett talked about something that i have not heard before, and were trying to run down this issue. Im going to repeat it, brainerd and the clinton campaign. But anyway, she said theres yellin responded, there is no politics in the decisionmaking at the Federal Reserve. A lot of this coming
The 40s, and 50s. Well talk about the temperatures county by county and the forecast, thats coming up. Thanks, track the forecast anytime with our free weather app, download it by texting iphone or android, and its available in the app store or the google play store. And breaking news right now, bad crash on i4, one person had to be taken by helicopter to the hospital. This is westbound, and mile marker 126, traffic is moving very slowly. And then sky fox over there. Breaking news over hollywood, florida, amazing, the southern Broward County here. A small plane crashed into a home. Youre looking live at this scene. It looks like the emergency crew is on the scene. It went down shortly after leaving the airport, and no one was hurt. Developing tonight, the investigation into a deadly | a construction worker was killed after hit| by a dump truck. He was hit on the shoulder, right at the site of eaten street, were out there live with the details. We just got a news release from the compan
Fiveyear nightmare. Where now for the yen . It will strengthen the gains this year. It reaches 105. Us know what you think about these top stories. We got the opening here in hong kong about 30 minutes from now. Also in malaysia. Give us a flavor once going on out there. Japanese yen. A we areo get to 90, and far from that, then it becomes a problem. If you look at that through the prism of purchasing power parity. If you even without that would take it out to maybe a dollar per yen. The equity markets are on the way out. Market we the chinese should be getting export numbers out of the philippines soon. The 11th straight decline in exports. Out of the philippines. Slow growth in japan. The weakest in three years. Is the first full month of loan activity with the negative Interest Rate policy from the bank of japan. Making its way through the system. Let me break it down for you. Banks and automobiles leaving the game. 3. 5 and as i mentioned the automobiles should be over here. 2. 3 .
The presence of the sudanese president. And bursting with life, why flowers have begun to bloom in a desert is chile. We begin in vee able vienne World Leaders are meet to go try to find a solution to syria. Its the first time all Major International players in the convict will be in the same room. But there are serious divisions. On wednesday, iran said it would take part in the talks for the first time the country has agreed to be involved. So on the one side we have russia and iran backing president Bashar Alassads forces on the ground. They say damascus must be helped militarily before a political process can begin. Now, on the other side, the u. S. And its regional allies, turkey and saudi arabia, supporting groups fight ago sad and insist that go he must go. And every day the humanitarian situation gets worse. More than 250,000 people have been killed and over 10 million have been displaced by four years of war. Roar lynn do jordan has more. Reporter elite Iranian Forces have bee