Dollars. Feeling chipper. They beat the Fourth Quarter preliminary sales experts. Steve bannon makes a public apology to the u. S. Presiden saying his support for the white house is unwavering. Meanwhile, donald trump plans to fire a few and says he is a very fatal genius expected, u. S. Mar did see another very strong day on friday with all of the majors, dow, s p and nasdaq making new record highs. Also notably russell 2000 did make new record highs as well. At europe the stoxx closed up higher i should tell you that this takes the stoxx 600 to the highest level since 2015 everything seems to be starting off right for 2018 lets take a look at individual european indices the only laggard seems to be the ftse 100 today we are expected to get the announced u. K. Covenant announced by Prime Minister theresa may. We look at how the holiday sales are going. Dax another strong day up 4 the picture apart from the u. K. Is looking quite well. Autos is the number one sector and has been so for
Tracy this is the best of Bloomberg Markets middle east. That could lead to inclusion and some of the worlds biggest stock indexes, potentially tracking billions of dollars to its traded companies. They noted a number of positive market reforms in saudi arabia, including changes to Foreign Ownership limits. Heres more from robert and sorry from robert ansari. We generally say the average of between three and four years. The most recent inclusion of pakistan was done in a year. If we take that most rigid example most recent example, that would be a year. Tracy is that what we mean by fasttrack inclusion . One year . They never reclassified a market quicker than a year. Thats not to say it cant be done quicker than a year. Course, saudi arabia could potentially get 2. 4 weighting in the index. We also got the announcement about china, and it was a slightly bigger waiting than we had expected. What will impact the final decision, and which saudi stocks are included, or is it already a giv
That is probably a sideshow to what were really looking at, yields on fixed income. Tom jim polson will join us. O one ever says melt up it is always melt down. What a melt up we are seeing across asset classes. Francine or a belt sideways a melt sideways. Before we go to the u. K. , president obama wraps up his visit to saudi arabia. He is meeting with leaders from arab countries on the persian gulf. He reassured the saudi king that the u. S. Is his countries allied. A u. S. Official said that obama did not unleash back off of unleashing criticism. European Central Bank President may use a press conference of my designs that the ecb stimulus is working. Inflation is weak, but the euroarea jobless rates fell to its lowest level in four years. Coming down faster than. Conomists but exit a warning from billionaire investor George Thoreau who says that chinas debtfueled growth reminds him of what happened to the u. S. Nine years ago before credit markets seized in the global recession beg
Still gripping, isnt it . Varney company is about to begin. All right, we do deal in money on this program on occasion, we do. Look at this, the dow is going to open flat or lower, doesnt look like much reaction if any to the election results. The big deal for investors today is janet yellen. Will she raise rates today. Will she suggest rate hikes . Thats what the market is waiting for, at 2 00 eastern this afternoon. Now, oil, its up, i believe, yes, still up first time this week. Big oil meeting next week, but iran will not be there. There will be no drilling off the atlantic seaboard. Oil 36. 97. Now, were following this, two hours from now president obama will announce his Supreme Court pick, that will be around 11 00 eastern time. The two likely nominees are Washington Appeals Court judges Sri Srinivasan and Merrick Garland. This sets up a huge fight in the senate and on the campaign trail. At 11 00 well find out which of these candidates is president obamas nominee. The following
No experience in Foreign Policy some. Schieffer well talk to one of them, wisconsin Governor Scott walker. Well get latest on that u. S. Attack against isis from the new chairman of the House Intelligence Committee, devin nunes its all ahead because this is face the nation. Good morning, first the train they have asked fbi to investigate the possibility of projectile hitting amtrak 188 just before it derailed tuesday night. We begin with Robert Sumwalt a member of the National Transportation safety board. Point man on this investigation. Is it possible that this thing that hit the train windshield that we now know about possible somebody shot at that train . Were certain lear going to be looking at that. As we pointed out were going to to have the fbi with their Technical Assistance to analyze what sort of fracture pattern may be on that windshield. Schieffer any way that that could have been connected to the crash in this m way . It would be completely coincidental or causal thats wha