About their role there seems to be some debate about this good morning, welcome to squawk in the street im carl cantonia. At the cnbc, they are delivering at the conference in new york city that was sec jay clayton as you saw. Moments from now, kobe bryant, the basketball legend quickly becoming an investing legend we will talk money in sports, futures in a tirade full of economic data. Of course, delivering alpha. The big story today, a number of heavy hitters at the investors summit a pretty good discussion about the nature of our Capital Markets these days yeah, i mean, look, one of the things we are all trying to figure out is in relation whats going on with the fed, whats going on with business as a force of change. Thats something that andrew is bringing up. Bring up at the Business Roundtable which is very interesting. Its a month or so already right things have Securities Exchange commissioned. Im curious to hear what mr. Claytop had to say. Thats what people buzz with me to fi
Crew touching 95 a barrel. 4. 6427 is the new cycle high. Tom this thursday is more tumultuous than monday through wednesday. An equity pop at the back end and we are short covered. And the optimist will be here with us in a little bit. You have to reset and recalibrate. There was a moment yesterday and let me get out the surveillance mouse and tell you that we had a 2. 30 10 year real yields. I did not frame that six months ago. Jonathan the equity market is kind of a snooze. Bond market huge moves. Fx one point four briefly against the dollar. The dollaryen getting closer to 150. Lisa that is exactly the right observation. Why are stocks so subtle and why are they not responding to the markets. Is there just simply a paralysis, or this is forced selling for funds that do not have a big position. At this point are we looking at some unraveling that is gaining steam that nobody wants to get in the way of. Tom i am going to when mike mckeen gives us the gdp blah blah blah, but there is
Teleconference releasing results of the Fourth Quarter ceo outlook survey. Finally today, the International Olympic committee will meet in switzerland to decide on russias per dissipation in the 2018 games and south korea. Their decision is expected at 1 30 p. M. Alix that will be interesting. David there is a drug thing going on. Alix i would like to be a fly on that wall. Top stories this morning with first take, Deutsche Bank, tax reform and brexit. Joining us is the editor in chief of Bloomberg News and our chief content officer. Marty, what is Robert Mueller trying to ascertain with a subpoena . We do not at the question of the relationship between Donald Trumps businesses and Deutsche Bank has been subject of inquiry ever since he became a president ial candidate. Totsche bank has refused comment on the relationship, but now he has turned over documents to Robert Mueller and the thought is it is the relationship between donald trump and russia and whether those loans had any conn
About what we saw in the u. S. Delegating, treasuries falling. The latest of elements in showingon seem to be optimism on the markets. Rebounding after the selloff we saw yesterday. We are looking at gold heading for its fifth weekly drop. Save havens seem to be losing favor with investors today. Those are your markets. We have a great guest lineup today. And others join us. As theresa may negotiates in brussels, opposition labor gives us his take on brexit. Lets get to the bloomberg worst the us get to the bloomberg first word news. Sebastian Angela Merkel has called on the you to shift their stance so a Brexit Agreement can be reached by the end of the year. Theresa may signaled she is willing to offer more on the divorce bill. May urged leaders to help her find a deal so she can sell them to sell it to skeptics at home. In spain, both sides of the standoff over catalina are often the ante. Standoff over catalonia are upping the ante. Catalan could declare independence within days. I
But we still saw a higher climbed by the end of the day. That run is continuing here. It is being fueled in part by earnings we have been seeing, being fueled in part by higher rates. It is a positive week for the s p 500. In fact, not just this week, but it has been on a sixweek run of gains. Some of the game, as you can see, have been modest. This is the longest streak we have seen in about three years. A streak of weekly gains that we have seen in about three years for the s p 500. Some of the movers we are watching today include materials companies, Building Materials specifically. We have seen lumber prices and prices for other types of Building Materials rise recently. We also have existing home sales data today that came in ahead of estimates. Mark arrieta of Eagle Materials , eaglein marietta materials, and Vulcan Materials companys dating today. Proctor and gamble is leading the way downwards, after the company came out with numbers that sales beat forecasts, but numbers met e