Month amid tighter capital controls. Stronger chinese currency and resilient economic growth. Betty looks like were starting the second week in january on a pretty strong note after the jobs report on friday. Great story on the bloomberg talking about the early days in january, how that might indicate markets later in the year, about two thirds of the time the first few days in january are usually deposited pretty positive in the u. S. Market. In 1987, we had the strongest january start to the markets, and you know what happened in 1987. Dark days. I dont know if that is any indication. Yvonne and its a big week when it comes to data from the jobs report, which was a bit of a dud. Inflation seems to be the new jobs report that all of the bond markets and traders are looking at. If we do see this pickup in inflation, what is that going to mean for equity markets . Will we continue the goldilocks scenario as we have been talking about for 2017, that will be key. Betty that goldilocks sce
Good morning, and welcome to al Jazeera America. Im stephanie sy. With the debt ceiling deadline three days a way, the world is nervously watching to see if congress can end the partisan gridlock. There is broad agreement that the u. S. Default would have dire economic consequences worldwide. Many americans are already feeling the effects of the Government Shutdown now in its 14th day. It appears the political pendulum has swung back to the senate after president obama rejected a house proposal for a sixweek extension of the debt ceiling. Ive had a productive conversation with Republican Leaders this afternoon. Our discussions were substantive. Well continue those discussions. Im optimistic about the prospects for a positive conclusion to the issues before us. While republicans initially held up a spending measure over the Affordable Care act or obamaca obamacare, it seems democrats are making extra demands of their own. They want to get rid of across the board cuts scheduled for early
Its debt. We are three days from potentially hitting the debt ceiling, a move one bank ceo says would be a very rapidly spreading, fatal disease. We are on the grown in washington with the latest details. The deadlock in washington is weighing on stocks today. We are counting you down to the market open 30 minutes from now. Netflix coming to a cable box near you. A new report says the streaming Video Service is in talk with cable providers and shares of netflix are higher in the premarket. Still, no agreement on ending the Government Shutdown. Now in the 14th day. Nor on raising the debt ceiling. The biggest leaders in banking sounding the alarm at the International Institute of finan finance conference in washington. I was a moderator at that event. Jamie dimon painted a pretty bleak picture of what could happen. As you get closer, the panic will set in and something will happen. I dont know periodically when that problem starts. Deutsche bank says his company has been making continge
Meeting of the congressional principles. President obama continuing his pressure saying at a food pantry we stand a good chance of defaulting. Still trying to figure this out on the leadership side. The next step appears to be the budget negotiation. When the markets look at where we are, it is not so much the fact that we have not approved the debt ceiling increase, it is that we dont have a credible solution to deal with our longterm debt and spending. Rich the problem is republicans are looking to keep what is known as the sequester in place. Democrats want to undo the cuts. They want to replace some of them with tax increases. Now it is going the other way. Democrats seem to have the leverage here. Cheryl trading stocks are well off of session lows. We see these comments crossing from senator harry reid. Is this the entire reason we are seeing markets reversed . I would have to think so. The problem clearly is it is a political football. I am not sure how seriously, i guess we have
News out of San Francisco. A deadly shooting early this morning. The clues homicide investigators are scrambling to find right now. Week two of the Government Shutdown begins. The new dangers looming as both parties remain far apart in negotiations. Reporter were live in Half Moon Bay surrounded by monster pumpkins. Well bring you all of the excitement here at the Great Pumpkin weighoff good morning. Welcome to mornings on 2. This is Pleasant Hill where the morning commute is underway at the b. A. R. T. Stration on this columbus day. B. A. R. T. Trains are running after negotiations were postponed. Good morning. Im tori campbell. Good morning. Im brian flores. Dave clark has the day off. Lets get the day started off right with steve paulson. A lot of 40s. It wont take long to warm up. Clear skies, clear cold, sunny by this afternoon. It looks likes that will be the theme for a while. Santa rosa 39. There was a 39 at Half Moon Bay airport. A lot of 40s. San jose is in there. Concord, 46