Tom keene is in new york. Its a busy week. Nationalll of the banks. Tom i like what you say about hope and reality. In america, we are focused on these key primaries today. Lets get the first word news with vonnie quinn. Hasie quinn russia prepared a push withdrawal from troops in syria. This puts pressure on the syrian allies to come up with a deal in the talks in geneva. So far, there has been no sign of compromise. More tough talk from north koreas leader. He vows to detonate another Nuclear Warhead in a short time. He said he will test launch a ballistic mystical missile capable of carrying one. Merkel tod anglo review the flow of reduce the flow of refugees. She will be held from the turkish leader. Has the power to hold them back or keep them going. There is a summit friday and brussels. Its another big tuesday for president ial hopefuls. Five states are holding primaries. Has come the main battleground for republicans. John kasich has a lead over donald trump. Meanwhile, cup has
Like i always say, its all about the currency move. Euro doing a massive turnaround after ecb said he did not anticipate cutting rates further. What was that all about . Well dig deeper into this move that seemed to drive the Market Action across asset classes. This is just the first of Many Central Bank decisions over the next couple of weeks. We have the fed next week. Bank of japan will be heard from as well. Brain drain at twitter, what steps they are taking to retail talent and discuss whether this is an issue for other companies. Donald trump sounding off on free trade, saying we need smart trade. Weve got a debate whether the u. S. Trade agreements are doing more harm than good for the economy. We start with this move lower for stocks. Bob pisani has details. We were talking about this earlier, the question is, did mario draghi make a communication error or not say it the right way . Hes expanding the qe program and buying corporate bonds, at the end of the press conference, he
Im guy johnson. Details coming through from the norse bank. 75 . As cut rates to. We were at 1. . It is a 25 basis cutpoint. Basis points cut. This is interesting. This is a country that has an inflation rate of 2. 9 . That is about target. The reason for that has been the rise of the euro versus their own currency. 1. 71 after that rate decision. Later on, will we will talk at 10 30 with the governor of the norse bank. Governor olsen will be joining the pulse. How is the oil price impacting his thinking . What if draghi decides to push further q. E. . Plenty of questions for the government 10 30 u. K. Time is when you can tune in for that. Lets return to one of the biggest stories of the week. Vw shares on the rise again this morning following the resignation of ceo dr. Winterkorn last night. Giant is hoping to replace them by tomorrow and begin the job of repairing reciprocation following the emissions cheating scandal. Hans nichols is live on location. Hans, can we quantify, get our
Market. I knew the warm weather wouldnt last forever. No, winter is finally here. Winter is coming as they say. Amazon, by the way, releasing actually some rare numbers this morning saying it was a record setting holiday for the ecommerce jiebt. We will look at whether there are any other retail winners this Holiday Season. And an ugly drop for one biotech firm, chimerix, the stock down 81 . That story is coming up on the closing bell. Never good when the change is larger than the price of the company there. Not good. Lets start with oil, though, snapping that winning streak as saudi arabias budget deficit surges. Jackie deangelis is live at the nymex with more on that. A more than 3 slide in the wti to finish at 36. 81. Brent finishing under wti, just showing how much its turned out of favor in terms of this market right now. You mentioned a key point, saudi arabia out with its 2015 budget numbers, this did not help the selling that we saw today. A near deficit of almost 100 billion s
I am guy johnson. What have we got for you . A bloomberg exclusive. We are going to speak to the ceo of accor about the hotel and tourist industry. We are going to talk about French Economy as well. Tesco launches a new version of this tablet called the huddle. Unnecessary distraction for the sampling the struggling supermarket . I have actually got one here. It is wrapped up. This is from tescos pr. This is Christmas Morning for me. We are not allowed to unwrap it for another hour. We will see what it looks like. Should tesco be investing in that kind of stuff . First, lets talk about jobs day. We are watching the worlds most important economic indicator, forecast 250,000 new jobs added on the month. Jon ferro is here with more. Where does that take us on the path to rate hikes . Good question. I am more excited about this number than this box. You want to be here to unwrap it. May be. The quality of the wrapping leaves something to be desired but anyway. , even withwth disappointing