David i dont know how you put those two together. They are two different people. Jon neither do i. Deutsche bank chief economic analyst will be joining us this morning. Futures, a little bit softer today in the United States. In europe, lower for tents. The euro, a little bit weaker. German tenure is the best performer in europe. The dollaryen had a little bit of risk aversion overnight. Gold softer on the day, oil, softer on the day. Two political risks nothing like what we are facing here in the u. S. David the Deutsche Bank stock jon the Deutsche Bank stock, down this morning. Own cryan ripping up his. Urnaround plan the effort include selling part of the Asset Management business. Francine lacqua spoke earlier about the new strategy. Remember, i described as Capital Raising. Yet she need to advance it. I think, one year ago it would have been much more difficult for us. There is still a lot more uncertainty. I feel more comfortable sitting in the seat i sit this year than i would h
And we go through brexit, what is next. Lets check on your data and your markets. We have seen a little bit of an easing of the rout we saw on government debt. Treasuries steadying after a long slide. The kospi, south koreas benchmark rising after the president was. Removed from office. The other thing i wanted to show you which is on the data screen oil climbing from a threemonth low but remains below 50 a barrel. We will get plenty more on the markets throughout the hour, but lets get to bloomberg first word news. Nejra there has been violence south koreas president became the first democratically elected leader to be forced out of office. Icourt upheld parliaments decision to impeach her over a rolen a corruption scandal. It opens the door for park to face jail time and triggers a president ial election within 60 days. Police in germany have arrested a 36yearold man who injured seven people with an ax at duesseldorfs main train station. It happened before 9 p. M. Last night. The sus
Yield differentials are playing out, look no further than the dollaryen. 6 rude a little bit higher after a brutal selloff. Copper also rising by 32. David now for a preview of those jobs numbers. We turn to mike mckee. Mike is down in washington. He will get the first look at those numbers. Is there any chance we are setting of sorrows setting ourselves up for a disappointment . May be settinget itself up for disappointment, but nobody thinks so. Mentioned that whispered number of 230,000. 200 thousand jobs is the headline number that people are putting down on paper 200,000 jobs is the headline number that people are putting down on paper. 215,000 is the number for private sector jobs, which means the government is going to subtract the number that donald trump put a hiring freeze on. Unemployment is set to drop. That what is always a wild card when you are considering whether or not people are coming back into the labor force. If you do get a 230,000 number, what other numbers are a
Julie we are seeing the major averages fall. Seen the effect on businesses and people staying home from the storm. No matter theday snow level on the ground. Its having an effect on the airlines. Had 8800 Flights Canceled in the northeastern u. S. , 60 600 today, delta, american, and ual fly. ,e are watching restaurants restaurants with northeastern exposure in particular could see a decline in samestore sales. We have shake shack down 1. 8 . Was one of the restaurants that could lose 50100 basis points. On the flipside, some of the Company Selling coldweather gear are up today. Columbia sports wear catching a bid today. Another interesting weather related phenomenon, natural gas, rising in advance of the storm, and now pulling back as it is not as bad as had been anticipated. Are following as well today, down. 2 . Oil, will it hold or fold on its 200 Day Moving Average . The 50 day, we went right to that. A yellow line is the 200 Day Moving Average. Action has pushed wti prices below
Julie we are seeing the major averages fall. Seen the effect on businesses and people staying home from the storm. No matter theday snow level on the ground. Its having an effect on the airlines. Had 8800 Flights Canceled in the northeastern u. S. , 60 600 today, delta, american, and ual fly. ,e are watching restaurants restaurants with northeastern exposure in particular could see a decline in samestore sales. We have shake shack down 1. 8 . Was one of the restaurants that could lose 50100 basis points. On the flipside, some of the Company Selling coldweather gear are up today. Columbia sports wear catching a bid today. Another interesting weather related phenomenon, natural gas, rising in advance of the storm, and now pulling back as it is not as bad as had been anticipated. Are following as well today, down. 2 . Oil, will it hold or fold on its 200 Day Moving Average . The 50 day, we went right to that. A yellow line is the 200 Day Moving Average. Action has pushed wti prices below