How we get there and the speed and trajectory, that is where the confusion is now. Officials are talking about the possibility of a rate hike. Richard clarida will be here to help us break it all down. After a dramatic week, the dollar index is still slightly higher but a threeweek low. Own, and nomc job one knows what they are talking about, futures negative the dax is down 6 10 of 1 . The ftse 100 down one third of 1 . The bloomberg dollar index up about one half of 1 . You are seeing this more acutely against the commodity commodities currencies. Far, week for crude so potentially on wti the biggest and smart as we reenter a bull market. On the back of dollar strength, some crude weakness, the dollar index down by 6 10 of 1 . Yields creeping higher on the belly of the curve of treasuries , up 2 10 of 1 . A lot to discuss so far this week, a Big Conversation over the fomc pivoting forward to the speech that friday. Alix who is going to want to take big positions ahead of Janet Yellen
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
In the might be team take a look at what happened overnight in asia. Right now, asia closed up just slightly. The shanghai comp was down slightly. The hang sang up. 30 . Europe in the the early trading right now. See red arrows across the board. These are declines. Pretty mad rat. Basically a quarter percentage point decline across the board. If you check out crude oil prices big thing to watch yesterday. Crude oil up jed yesterday. Biggest jump in five months. After we saw that confirmation of the drawdown that had been suggested the night before, you see right now wti giving back a little gain. Decline of. 51. Breaking news out of north korea overnight that could be ralting markets this morning. The country claiming to have successfully tested a Nuclear War Head in what may have been most powerful detonation ever. South korean said it was the fifth test and had the impact of a ten killton explosion. President obama was briefed on that test aboard air force one. He said any provocativ
Inister moments ago. Caroline he is back to make an grem to put to the u. K. Voters. He will only do a deal if it is what britain needs. If get what is the u. K. Needs. The pound trading lower versus the dollar at the moment. Tom we welcome you to our first word news. A couplor headlines crossing bloomberg now about the u. S. Government. The u. S. Government memo shows world strategy to access phone data. The white house is having meetings on encryption. Well continue to update you on that. The meeting in brussels, the british Prime Minister is pleading far deal that he can take to british voters. Eastern european leaders dont ike his demands. Plans to protect londons financial industry. Rance is willing to relax pope francis is willing to relax birth pposition to control. The u. S. Says that defeating the Islamic State is the overwhelming prort. A new Bloomberg Politics pole shows that Hillary Clinton holds a commanding leevered Bernie Sanders in South Carolina. A 31 lead among africa
Highest level since december but with the fed meeting in the days ahead can stocks continue to win . That debate begins now. Josh what happened between yesterday and today . Today the s p at the highest closing level of the year. What happened is nothing happened. In the absence of a calamity people come back to stocks and what theyre coming back to scott makes this bounce back the most interesting. Its the polar opposite of 2015. The most heavily shorted stocks and the stocks to decline by the most or underperformed by the most last year and the sectors that are negative year to date. Health care, technology, consumer discretionary. People say its a dash for trash. Is it more believable today given the last 24 hours. How do you assess where we are . It always takes a couple of days to assess what they do. What they did was a little bit better and more than what most people expected. Commentary confused some people but more importantly oil has stabilize. Interest rates have stabilize.