To have a weak dollar. Well talk about all of this coming up. Big interview in davos historically just something that is usually not said by administrations or treasury secretaries. In reality, in the shortterm, currencies will fluctuate. Thats kind of what mnuchin was saying bob rubin thought all of these things, they would just never say the it publicly. This might not be the first time that this administration voiced things that other administrations didnt voice mike allen is with us, too. Its not something where you want to add thoughts to it i dont want to revisit the last administration, but we her defense of israel and we saw the way the administration actually stuck to their card, too. Exactly so they say what would you rather have, someone that smiles at you and says we love israel, then behind their back, netanyahu is ready to pull his hair out he doesnt have hair i had the opportunity to sit down with President Trump. We talked about trade, the dollar and his message to this
Missing estimates and comcast dividend boost well go through the report and tell you everything you need to do the Big Bank Ceos are speaking out on everything from taxes to bitcoin, well hear from jamie dimon. First up, ge missing its Fourth Quarter results of weakness and Power Division its cash flow is improving this is John Flannery on the Conference Call talking about some of the early challenges that the company has faced you heard a lot from us since i came ceo in august i recognize the news we share in that time, power and insurance have been tough. We have moved to tackle the issues our responsibility is to reshape this company and ensure that ge matters as much in the next century as it has in the past. They did say we expect more challenges to continue at least for power right, the relevance of ge is largely going to be aerospace and power is a disaster. Sometimes you wonder whether what did they do to make you feel that power is good. You know who seems to be as interested
And in europe, some of the early trading, you see some modest declines there ftse is the biggest decliner, down by a quarter percentage point. Look at whats going on with the dollar the dollar which has been under pressure broadly for many months, you can see its up against the euro today at 117. 06 down against the yen at 110. This morning wti down another 7 cents to 46. 71 President Trump disbanding those two Advisory Councils, the announcement coming as one council was dissolving already the president in bedminster, new jersey eamon javers is nearby in bridgewaters eamon . The president will wake up here in bedminster, new jersey to a changed landscape in the relationship between Corporate America and the president of the United States. We saw this dramatic moment yesterday as you just described as the elite ceo Advisory Council was deciding to disband. The president issuing a tweet saying he had instead folded both of his ceo Advisory Councils heres what the president put out. Rath
Good morning and welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost, very good morning from me as well. Welcome back. Thank you. Good to see you back. The content. Weather. And the energy of what we say. Lets get straight to the Market Action this morning. We did see another record close for the dow yesterday. Positive session in a row higher up 0. 2 but the s p was down 0. 1 . Nasdaq was down a little bit more 0. 6 but nasdaq was the best performer last week, saw a little bit of evening out tapping out yesterday. Were higher once again. Dow is getting closer 20,000. Extraordinary the pace at which it crossed 19,000 and nearly reached 20,000. Well see fit can manage that at some point in the remainder of the year. Its higher by 54 points today. Ten year treasury note weve seen bonds continue their march higher or resaturday their march higher in terms of yield over the last three or four trading sessions. Five year note is now at a high since 2011. Ten year note is a little
Good morning. Welcome to Worldwide Exchange on cnbc from a chilly davos, switzerland, im sara eisen. Im wilfred frost. Good morning to you from me. Were coming to you from the World Economic forum in davos, switzerland. The annual gathering of Global Political leaders, ceos and policymakers. Yes, it is chilly, but a fantastic setting. A fantastic setting and a lot of news. Our guests this morning include jim coulter, he will join us in a few moments. At 5 15, Princeton University president Christopher Eisgruber will be here to join us. At 5 30, Stephen Pagliuca stops by. And a wide ranging conversation on the economy with nourie Nouriel Roubini. Another busy morning ahead on Worldwide Exchange. A lot of headlines to discuss. Heres the cover of the china daily. President xi here at the World Economic forum getting a lot of attention, not just in davos, switzerland, around the world. Here is his home, boost open economies, a defender of globalism. This is the front and center debate. Hug