Larry kudlow discuss whether trump can close that gap. New jerseys Pension Fund Manager is slashing in half because of high fees and market underperformance. Hearing from the chairman coming up. A big story making the rounds here today. It will be another big wave of earnings after the close of priceline, activision, linkedin and kraft heinz. Lets start with the bank of england Interest Rate cut move and among other moves and affecting businesses back here. We have a report on the tourism industry. Steve . Pay attention. This is really down in the weeds and really interesting. Monetary policy stuff. In addition to the rate cut and more qe, the bank of England Governor Mark carney put a clever detail in to help banks, help the economy, and also, offer lesson to the federal reserve. Few are talking about it but carney exempted excess federal Bank Reserves and created by qe and when they create them, through qe, banks have to set aside capital for against them. Even though theyre totally
Entire professional life learning how to run a large government operation and i have been doing it doing it more or less for the last five months but i will try to dot best job that i can. Reporter in 2012 kanes popularity was so high former president bill clinton joined her on the campaign trail. A spokesmen for president ial candidate donald trump released a statement pointing out kanes clinton connection, saying quote it is unsurprising that yet another clinton insider has chosen to lie under oath to hide their unethical behavior. There is a pattern of criminal behavior that follows clinton and her allies around. This is another example of clinton world, promising ethical behavior but yet not following through end quote. During the week long trial, kane never took the stand but Text Messages and emales written duesed in court. Her attorneys said in Court Last Night they will appeal. We mount a full defense. Reporter Governor Tom Wolf applauded resignation news. Kathleen kane will re
Global stock market after the fed held back on rate and really, it seems, bought investors more time. The expectation is that the fed will raise rates. A lot of the commentary we are seeing this morning. Their major averages remain higher. Down to some degree at the moment, but we want to mention we are seeing strength in tech. Amazon and out for that are trading at records today and apple is resuming its recent rally we have been seeing on expectations for sales of the iphone seven. Roleology is playing a here and has been playing more of a role. We have not been talking about the stocks. We were earlier in the year. A breakdown of the Industry Groups in the s p 500, the votest post exit low on june 27. You see since then technology is the best performing group, a 18 followed by financials, 11. 5 . Is playing a big part of the recent rally we have seen. Looking at the stock and the other assets here, we have got the 10 year yield at the lows of the day, down fours four points. Alan gr
9 00. I knew that there would be trouble this morning. I got myself seated good. Well squeeze you for everything youre worth. We needed a big name. Big name. We got one. It day after for december 26. Youre too kind. Then here you are. Here he is. What did you get . Anything good . I have switch, lump of coal . Hes a hanukkah guy. A lump of coal yes, but a lump of coal at some point probably worth something. Tet rate were going. Thats right. Youre no tree . I want a tree, my wife says theyre too messy. The trees are messy. The needs needles you have the festivus pole. Grievances you better go, sorry. Lets do the main headlines this morning. Of course, theres only one main story this morning. Its a familiar one. The looming fiscal cliff. Aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. I think were dealing now with whether or not we can put off the the increase in tax rates. Thats really all we can deal with now.
Its back to the recovering economy. And a sports scandal that ranks with Lance Armstrong. A new look at the royal baby. And happy birthday Monica Lewinsky who turns 40. Varney company is about to begin. Weve completely integrd every step of the process, making it easier to try filters and strategies. To get a list of equity options. Evaluate them with our p l callator. And execute faster with our more intuitive trade ticket. Im eg stevens, and i helped create fidelitys options platform. Its one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Good morning, everyone, here is a headline to get us started. The pope is a capitalist. The holy father, saying, im quoting now, we risk having a generation that hasnt held a job, personal dignity comes from working, from earning your bread. Young people are in crisis. Sounds a lot like Ronald Reagan, doesnt he. And former reagan advisor weighs in. Theres an exploding story in sports