The stoxx 600. One week sterling volatility jumps to its highest level since early november after theresa may says she will outline the governments plan for brexit and the trump trade faces the earnings test as jpmorgan, bank of america, and wells fargo prepare to report. Morgan stanley casts a shadow, reportedly cutting senior bankers and bonuses. Good morning. Welcome to street signs. Lets get straight into our top story. Thats Fiat Chrysler. Well give you a check on shares because they have been rebounding in todays session. You can see theyre now higher. This after a major drop, though they are leading the way to the top of the stoxx 600 after shares plummeted thursday after the u. S. Environmental Protection Agency accused the automaker of violations against the clean air act. This rattled investors, but we did get a Strong Defense coming from Fiat Chrysler. The ceo, Sergio Marchionne saying we are not criminals and drawing the line under any comparisons to volkswagen. He wanted t
Welcome to bloomberg markets, middle east. We are seeing asian stocks falling for a second consecutive session. The dollar rebounding slightly. The optimism we saw earlier after trumps election victory is starting to fade. The dollar is trading near the lowest levels since november. A lot of it is about the u. S. Dollar. About where the economy is going. Take a look at this chart. It is specifically showing we january retrenchment in which leaves us with optimism below above preelection. The initial drive higher was off of the back of the promise of fiscal spending but the reality. S the line in yellow following the market was looking for 112. 8. What is needed now to sustain these kinds of levels is more clarity about fiscal policy. Everything depends on the pace of income acceleration to a larger extent than any optimism about the economy. Expectations may be coming down. What is interesting is the move between oil and the dollar. Take a look at my chart. That oil and the dollar are
Pounds to the fca, and thats to settle a russian laundering probe. U. S. Stocks suffering their worst day so far this year after Donald Trumps travel ban rattles investors. The president also fires acting attorney general sally yates saying she betrayed the department of justice by refusing to enforce immigration orders. Good morning, everybody. Welcome to the show. Good morning. Another eventful 24 hours in terms of that political direction. European markets this morning a bit higher. Yes, it is worth noting we did, indeed, see some weakness out there. Stocks at sixweek lows heading into the session but well above where we were before the u. S. Election on the 8th of november. Keep that in mind as we look at the markets. Some of the bigger movers out there, youre looking at ocado. Shares leading the way in europe after fullyear revenues hit almost 1. 3 billion pounds. Pretax profits jumping by 21. 8 . This online grocer said it is busier than ever in talks with overseas partners and t
That is what we have up the moment. They are likely to restore the ideological balance. It was left a vacancy and hasnt been filled yet. Have a republican appointee with a decades long record on the federal bench. Just waiting at the moment for what is going on there in formerly of breitbart news, talking to a colleague there. This is what we have as we await donald trump to get to the lectern to announce his Supreme Court nominee. Repeat, the two names are neil gore such of denver and thomas hardeman. People are standing up. One can assume that donald trump is approaching the lectern. President trump thank you. Thank you very much. Thank you. Thank you very much, ladies and gentlemen. When Justice Scalia passed away suddenly last february, i made a promise to the American People. If i were elected president , i would find the very best judge in the country for the Supreme Court. I promised to select someone that respects our laws and is representative of our constitution and who loves
Joins us. Marty we could break record president elect donald trump is dismissing news reports about turmoil within his team. He tweeted late tuesday that hes very organized in picking his cabinet and hes the only one who know who the finalists are. Mr. Trump met with top advisers last night about that process. Former congressman mike been advising trump on National Security abruptly left. Several others did too after trump decided last week to replace new Jersey Governor Chris Christie as transition chairman with his vp mike pence. But mr. Trumps Campaign Manager Kellyanne Conway said that replacement was a natural choice. But democrats arent focusing on that theyre still strategist steve bannon. Bannon is the former head of Breitbart News with a following among the alt right, White Nationalist movement. Twitter is now suspending a number of accounts associated with the altright movement as they crack down on hate speech. The altright is a loosely organized group that has ties with whi