Tenyear. But get you up to speed on top stories. Is taylor riggs. Federal reserve policymakers signaling there will likely be an increase next month. Their most recent meeting shows that officials are looking for stronger science of their rights. Want people want to see inflation on an upward path before another rate hike. Tomorrow, zimbabwe gets the first their first new president for a few decades. The the new could country as a democracy. He had fled after being president bite fired fired by president robert who got a, who will not face prosecution. In the u. K. , conservative party makers are delighted with a by hammond, who targeted Younger Voters with tax biggestand promised the Homebuilding Program in almost five decades. Conservatives lost over brexit. In germany, chancellor Angela Merkel make it a partial lifeline from democrats. Social democrat leader Martin Schultz is prepared to offer a limited support for a fourth term. According to people familiar with this plan, schultz
On that. Lets check on the euro. 117. 5,nce coming in estimation was 116. 7. You can see the leg up for the euro at 11858. If you break it down, he will have the current confidence. You have the Business Climate to get that pretty much in line, a touch better. Thats why we are seeing a bit. F an impact on the euro 118. 50 one. 1858. Nine 30 a. M. London time, we talk about the housing luxury ceo in london, with a thats a 9 45. Lets get straight to bloomberg first word news. Here is at ludlow. Germanys Opposition Party is opening talks on backing a government led by chancellor Angela Merkel. Social democratic secretarygeneral says the department of ready two start the discussion. The is it and eight hours of talks at the s of the leadership that wrapped up this morning. U. K. Officials have tried to accelerate brexit negotiations by suggesting that rather than wielding a veto next month, ireland could hold fire and block a final accord. Avoid a hard avoiding a hard border and island is
A second strong month of new home sales. Withng at very small moves the three major averages. They had been slightly negative on the day. , wes p 500 and the nasdaq are already looking at alltime highs similar to what we saw on friday. Pretty remarkable, the record highs we are seeing. A piece of it is retail. We have started the allimportant 2017 Holiday Shopping season. It isports are suggesting off to a very strong start with black friday, cyber monday and the weekend. On friday,n surged up for its fourth day in a row, amazon is expected to clean up 50 of the cyber monday sales. Investors are cheering that. The gap is up 2. 4 and nordstrom had been up moderating that, but again, early reports suggest that Holiday Shopping 2017 off to a very strong start. The best in years. We have the small movers. When we look at the other asset classes, not really a risk on day. The yen is rising against the dollar. Interestingly, oil and copper considered to be growth year aspects of the commodit
Abigail and we have gains for the major averages, after the divergence yesterday, it was very interesting. We have the alltime high for dow. Yesterday, the big tech selloff, down 1. 3 . And today we have gains for all three of the major averages, some hopes around the tax reform helping. Interesting about the dow up five days in a row, after a winning streak at the beginning of november, another record high for the s p 500, but the p six senseagging, u of a percent. So we will 6 10 of a percent. So we will be paying attention to this. Digging into tech stocks in a moment, but first, oil. Up for its first time this week, up. 5 after the highs. And the opec meeting in vienna, it is said they have agreed to extend the supply cuts through the end of the year. A lot of choppiness around this, oil on pace for its first week since the beginning of october and it is something we will be reporting on. Stocks trading higher, one of them is the big internet stocks. Take a look at kroger, up 12 af
During that lunch for theresa may to actually make a call to Arlene Foster of the dup. It began more than three hours ago. Are. Et here we an hour ago theresa may was meant to actually delete eu president donald tusk. We will have to wait and see what happens. Of the lines. Theresa may saying shes positive the talks will conclude positively. Should saying she had a constructive meeting and they are confident they can get sufficient progress by the summit on december 14. Juncker also saying its going to require further discussion. We dont know what it was exactly was the stumbling block in these talks. My theory it was across two main areas. The irish border definitely been one of them but also possibly to do with the European Court of justice. This was emerging as one of the more difficult points in the discussion. Fromve a strong statement Eileen Foster of the dup. We were expecting also to hear irish issue and we havent heard yet. Perhaps it was the irish border that ultimately prove