Size penalty vw can withstand. It may be too and soon to talk about it, but it intimates they are going heavy. Finesoes backs to the that the doj is putting on Deutsche Bank and the fight the eu has with the u. S. Over apple. Tom i would agree with the idea of tying it into Deutsche Bank. What we know for certain after the commerzbank news last night 2020, and out to seconds ago Deutsche Bank breaking down to new lows of the bloomberg, it is going to be an extraordinary surveillance. Francine lets get to extraordinary first word news. Taylor the first debate between Hillary Clinton and donald trump presented a stark contrast between the two candidates. It evolved into a exchange of accusations on everything from race to Foreign Policy. Obama and secretary clinton created a vacuum the way they got out of iraq because they got out were they should not have been in but once they got in, the way they got out was a disaster. Donald supported the invasion of iraq. Wrong. That is proved over
The hardliners of iran. It is an unusual coalition. Olivia Vice President joe biden called the letter beneath the dignity of the senate and sends a signal that the president cannot deliver on americans commitment. Oil shares up 9 after a shakeup of the top at the top of bank american. Brady dugan will be replaced by prudentials Tidjane Thiam. He is one of the few leaders of a global banks to have survived the financial crisis and the many scandals that followed. Brady dougan European Finance ministers are warning that time is once again running out for greece. They want the greeks to open their books and follow through with their pledges to reform the economy. Greece is in danger of running out of cash this month. The leaders do not want to give greeks more money unless they deliver on promises made two weeks ago. Apple bets their first new gadget in five years will get customers rushing to stores. They finally released full details for its new apple watch. It offers health and fitness
Rebounds there at least for the cac in france and dax in germany. Germany right now the dax is up 1. 5 . The cac is up by one and three quarters percent and we keep watching that Greece Market because of what it tells us about negotiations right now. In asia overnight you saw that the nikkei closed higher. Didnt follower as it tends to do from time to time. It closed up one third of a percent. The shanghai was up slightly. Well be talking about the broader markets including currencies and commodities in a molt. But stock has a look at the big stories driving todays trading. Lets start in europe. Ecb president mario draghi set to speak at a conference in frank frankfurt. Back here in the states theres plenty of speculation about what the fed will do or say at its next meeting. That twoday gathering is set to begin next tuesday but today the markets will also focus on the treasuries 21 billion auction of notes. And also worth watching today after the closing bell stress test. The fed is
And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. We can always look back and pick a time where it seems that was the top. Imagi margin debt is an important indicator for the top. What i like about the companies, they are levered to asia and europe. How many times does jamie dimon say we need rates higher. And now youre seeing the move to the financials and Goldman Sachs is in the financials, too. What may be good for the financials may not be good for the rest of the market, if it includes a taper tightening, a less dovish fe
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.