Entertainment. This is daybreak asia i am in new york where it is just after 7 00. It was an extraordinary jolt for u. S. Markets. 10 days of record gains when it comes to the dow. S p also seeing record high. It shouldnt have taken very much for that jump to happen for volatility to jump. Withrprising it came strong rhetoric from President Trump. It is hard to discern what that rhetoric means. Does fire and fury from President Trump, what does it translate into in washington . It jolted the markets and caused us to fall to session lows. But we seem to have come back a bit, closing lower still. It was the initial fall that rattled the markets. Going to be focused on china Inflation Numbers here. Haidi thats right. Not to much overreaction when it comes to the aussie dollar. Look how it is setting up given a fairly volatile session. Lower sessions today. The kiwi dollar for a second day was the worst performer of the g10 currencies. No expectations of a rate change but certainly some we
Economy and eight Labor Department proposal to make salary workers eligible for overtime pay. Here is a look. President Obama Policies that cut education, help folks at the top, art expanding opportunity. Arent expanding opportunity. We need better policies. [applause] the bottom line is, topdown economics doesnt work. Middle class economics works. [cheers] president obama it works. [applause] president obama it works. And this is also a matter of values. Being an american is not about taking as much as you can from your neighbor before they take as much as they can from you. We are not just a bunch of individuals out here, on our own, we are a community, we are a family. We are all in this together. We all have to work hard. I was taking some photos hadwith ron and met a couple folks with diaairy farmers. Nobody works harder than farmers. They know hard work. [applause] farmers know about hard work. They wake up early. They go to bed late. They are worried all the time about making su
Planned . First we start with the grand slam for the markets for a second day in a row. All four hitting record highs. The move started with these comments from fed chair janet yellen. At our upcoming meetings, the committee will evaluate whether employment and inflation continuing to evolve in line with these expectations. In which case, a further adjustment of the federal funds rate would likely be the appropriate. The committees view that gradual increases in the federal funds rate will likely be appropriate. A hawkish tone from the feds on rate likes the year sent the financial stocks soaring, leading at more than 1 . Is this hot trade about to get even hotter . Is it time to jump back on the bank bandwagon . Wshlell, im long on banks. Stay on them if you are. At this point youre going to have a point where youll the want to take some profits so be nimble with the trade if you just started. The Federal Reserve is clearly trying to tell you that they may want to raise rates sooner a
International banks reacting . We will survey the landscape with the ceo of bank of montreal. European equities trading, 30 minutes until the finish of the tuesday session, gm go your function. Today, investors seemingly ran out of breath after the last week i, the second column forex and sterling down. Sovereign bonds and commodities and more corporate news, europes biggest power producer in the news, shares down 1. 6 . Ofale of 4 billion euros shale to bolster its Balance Sheet and fund its share of a plan Nuclear Plant in southwest england existing investors to buy three shares for every 10 they hold at six euros 35 a piece, a third lower of mondays close. The french state owns 8 to 6 will subscribe for about 3 billion euros. The Company Announced the sale plan last april, saying it was subject to market conditions. Shares lower today. Factory orders out of germany plunging, this goes back to 2011, at the steepest pace since 2009 with demand for investment goods weaker. Very volatil
On wednesday. Will the markets appreciate the clarity the triggering little bring . And Oil Producers pledged to consider extending output cuts. We will get details from kuwait city. Iron ore continues to tumble. A lot of thend other Asset Classes will be front and center this morning after the meeting in rome of european leaders and the election in germany over the weekend. As far as european futures, it looks like they are still concerned about what happened in the u. S. On friday. We had futures down across the board, but it will be interesting to see what happens with fixed income assets this morning throughout europe. Guy last month, we have gone twothree, twosix. Lets walk in whats happening with the gmm screen. First up, we are going to do the other one, the japanese nikkei, which has been moving sharply to the downside but this kind of explains it. The bloomberg dollar index down by. 5 , the japanese yen rising sharply, translating into a weaker nikkei. Lets move on to the othe