It is the draghi induced bounce in the equity market. 39 crude once again. Tom nine days away from the fed dating, and commodities are the back story that could become a atnt story very quickly look what iron or did over the jonathan tom keene with us for the next two hours. Obama says the San Bernardino massacre enters a new phase in the terrorism fight. To these fears cause by the randomness of the california in paris attacks, and declared allies,reased help from we will defeat the Islamic State. Our military will continue to hunt down terrorist plotters. Have rampedallies up their contributions to our military campaign, which will help us accelerate our effort to destroy isil. California, government offices that have been closed since the incident will reopen. The man accused of stabbing two people at a subway stop your the incident prompted stepped up security, and police described it as an act of terrorism. The 29yearold is charged with attempted murder. Wellan threatened others s
Jobs day in america. To new york city, first word news with vonnie quinn. Vonnie the Coalition Fighting Islamic State is getting a new member. Germanys parliament approved a plan to send planes and 1200 troops into syria. Will conduct reconnaissance, and soldiers will be used only in support bowls. It is in support roles. Officials in a juice say a fire bombing that killed 16 people today was not terrorism. Police are looking for two young cocktailsssed molotov into a nightclub. Investigators think the suspect attacked because they were not allowed to enter the club. But i never let it get me down i know someday it will all turn around thousands last night morning the california shooting victims in San Bernardino. Leaders from several states conducted a prayer and several a prayer and candlelight vigil. About 200 muslims prayed for those killed and wounded. Leaders said it is too soon to determine whether the killers were led by their faith. In washington, the senate rejected a bill ca
New zealand this morning expanding in early asian trading. It is down 1 . 20 is your level there. We are also counting down to the opening of japan and korea. Closed one25 last point nine percent down at the 15 391 level. Is going toe it drop precipitously below that 15 thousand mark. That is according to futures trading in chicago. That is continuing to see the most inter the endgame four months. Investors very sensitive at the moment. We are poised for a rocky session in asia to start off the week. Most indications are pointing to a selloff across the region. David dingus is here to tell us why these red arrows continue to dollar yen. This highlights the flight to safety. There is a flight to safety in currency and sovereign bonds. Onyou look at what happened wall street on friday, it does give an indication that theres going to be blood in the streets in asia today. It will not be a pleasant session. Have the fomc decision coming up. You have possible contraction in chinese manufact
Health of these countries and whether some of the concerns we have seen in recent days are limited to individual countries or a broadbased problem affecting emerging markets. We have seen currencies selloff precipitously in this space, and we have seen a flight to safety as investors pile into Precious Metals like gold and silver. It is a very active day in the equity markets and in other Asset Classes across asia. For theowest level overall benchmark in over four months. Talking about falls for some of these equity markets, the biggest falls we have seen in seven months. David has the details on this flight to safety or quality. Moving to the sidelines. Yeah, it is basically the same group of stocks. You have japan, because of the stronger yen. Down 1. 5 . Looking at the currencies, the peso, the rupiah, and the bot. These are the same three which took the brunt of the selling in june, right after ben bernanke used the tword. 45. 42 for the peso, the weakest level since 2010. The rupi
Europe and the u. S. On friday. That continuing in the asiapacific as well. Servile atmosphere. We are following it very closely. A serious situation with these emerging Market Equities and assets selling off. Taking investors by surprise. We are seeing developed markets now following the declines that rish talked about on wall street and in the european session friday. Check out the kospi and the nikkei. Significant declines for japanese equities. 2. 5 today. We are watching this very closely. This is the broadbased move to the downside. No Industry Group appears to be spared. Check out the initial trading action in singapore, malaysia and taiwan. It is early going but we will be closely watching those Southeast Asian markets. Jakarta, for example. We will be watching thailand later when that session gets underway. No trading in australia today. In new zealand, the top 50 index is down by 0. 75 . The selloff is apparent. We will be following it throughout the course of this morning an