Astonishing that the editors tv anchor wife had 500,000 in annual income. He insisted that the Justice Department vasquez was likely motivated. Was sworn in as secretarygeneral of united nations. That the ninth u. N. Chief in the 71 year history. Thanl news powered by more 126 countries worth of journalists. Live from new york, i am scarlet and i am joe. U. S. Stocks are falling. The Energy Companies are failing. Joe the question is what did you miss . Scarlet are sendingrices them higher today. U. S. President elect donald trump has upped the ante with beijing saying he will use the one china policy as a bargaining chip to get a better trade you. We will look at why this is a big deal. Ugly explain how people make choices that seem to go against their interests. We will talk about the next. Joe lets look at where the major averages stand. Abigail doolittle is standing by. Were looking at what weve have been looking after most of the day. Mixed trading. That being said we do have the d
Ewsprint t tenants names carl icahn to head of his deregulation campaign. And Peter Navarro to head a new trade counsel in the trump white house. That is what you need to know at this hour. Bankthe future of italys with lisato milan martin. Have we got any color on what the plan is from here . The next 40 hours will be critical. Paschi, the indication at the moment there isnt much there. The bank will seek some kind of government intervention. The bank as a Firm Deadline by the end of the year to offload a significant amount of bad debt. What we expected here between now and friday is the government approving a decree that will set up the rough outline of how it will put up to 20 billion euros on the table for monte paschi but potentially for other lenders, too. Jon with the prospect of state aid on the table, how do you implement burden sharing and protect bondholders as well . How do you do that . This is what is going to be key. What we have seen in similar situations earlier this y
It rocks rupert harrison. Lets get to the bloomberg first word news. Here is Sebastian Salek. Sebastian the u. K. Prime minister will follow her initiation of the Brexit Process by setting out how she plans to bring thousands of European Union regulations under british control. Theresa may announcing the start of departure negotiations. The following day, her government will publish plans for its repeal bill. Portugals economy minister told bloomberg the negotiations must not be allowed to weigh on the rest of the block. 48 asl is trading near some opec members back an extension of the deal to cut output. Five opec producers joined with support fore prolonging the cuts. Russia said it needs more time before making a decision. Prosecutors are seeking a warrant for the arrest of ousted president park. She was questioned about the undue influence scandal that forced her from office. Shes accused of pressuring businesses to donate millions of dollars to a confidant in return for government
Im wilfred frost alongside Courtney Reagan. Good morning. Good morning to you. You had quite a busy 24 hours. We have, indeed. Well get to those specifics in a moment. Lets hit the markets. It is 5 00 a. M. On the east coast. But first breaking news. The u. S. Military launching tomahawk cruise missiles against radar sites in yemen. This comes after incidents earlier in the week when the ship was fired on by a rebel controlled area. Well have headlines on that for you throughout the day. Markets, as you can see right now, pretty soft. Were down over 100 points for the dow. 108. The s p down 14. 5. Nasdaq down about 30 points. Significant weakness off the back of yesterday when we were broadly flat. We did have the minutes from the fed, they didnt change expectations. Were still looking at a 66 chance of a december rate hike. So, in the end, a relatively mixed day. But broadly flat. Down about a half percent to 1 for the week as a whole. The nasdaq is the laggard. Tenyear treasury note,
Points, as investors ran from equiti and towards the safety of government bonds and gold. A weak reading on trade out of china reawakened concerns that slower globa growth may be at hand. Just as the federal reser consids an Interest Rate hike later this year. There is also the issue of earnings which as we reported, did not get off to a great start yesterda t then midday, oil moved higher, and investors shook off growth, Interest Rate, and profit concerns. And just like that, the losses repaired. The y finished with the dow jo losing 45 points to 18,098. The nasdaq was off 25. And the s p fell six. Lets turn to david leibovz to talk more about the market and whether we can expect more volatility. Hes global strategist at jpmorg asset management. David, welcome, good to have you with us. Is this a time between now and lets say the election, now and year end, when we should be o i t investors should prepared for a little more volatili. Obviously the next couple of weeks, if the politica