The fed chair said. Thanks, brian. Janet yellen reinforcing her cautious for the u. S. Economy and emphasized the uncertainty of the brexit vote this thursday and the recent slowdown in u. S. Job growth and Global Economic weakness. A uk vote to exit the European Union could have significant economic repercussions. For all of these reasons the committee is closely monitoring Global Economic and financial developments and their implications for domestic Economic Activity, labor markets and inflation. She said the fed is prepared to act depending upon the Economic Impact they assess. Longer term they are optimistic the u. S. Economy will overcome the challenges. Scott wapner asked Senate Bank Committee chairman if yellen is doing a good job . Shes cautious and she should be cautious, but she should know what shes doing. Im not sure the fed knows what they are doing. As for what they seem to be doing now, the big takeaway from yellens testimony, it suggests a chair thats fine with the mar
Brussels main airport an erie silence followed by sirens, frightened and confused people on the ground and calling out. And this video of chaos in the airport just fed into the newsroom a short time ago. You see people scrambling to get out. Day brie is everywhere. Michelle carusocabrera is on her way from havana, cuba, where she was earlier today now to brussels. Sue herera is standing by now with the latest. Hi, sue. Here is the latest in the situation. You just showed the interiors of the airplane. We have a photo showing three men who are considered the major suspects in the bombing attack at the Brussels Airport. The photo, which we hope to show you in just a moment there it is. Those are the three men. That phototaken by airport surveillance. We also have just learned that a third bomb has been neutralized at that airport. The Islamic State claiming responsibility for the series of attacks in brussels in morning. It described the events as a multipronged attack that started at th
The slowing inflation that came in worse than expected. He factory gate deflation extending to a record 44 months. I will take you through some of the big stocks we have been watching. Starting with vodafone. One. 7 . This is after the secondbiggest mobile phone Company Reported secondquarter Service Revenue better than expected. It was growth. Boost. Down from a a market that has been a difficult for vodafone. What the company has done is reshuffled its management. The minute to desk committed billions. It looks like it could be paying off. Moving on to national grid, another u. K. Plc. The operator of the uks electricity and national gas todayk started a process for the potential sale of a majority stake in its domestic gas is to be should business. We are seeing that move higher. Julius baer, the third biggest wealth manager, that stock down. Its growth margin narrowed. Restrained client activity. I said stocks in europe were shrugging off the china data. You can see copper down jus
The strong dollar and weakness in its eye care business weighing on the bottom line. Could apple fall far from the tree . The stock closes in in the red ahead of earnings. Signs iphone sales are slowing. Here we are. The week is going by so weekly. Lets look at u. S. Futures and how theyre fairing. The implied open obstetricaling us were seeing gains today above fair value. We should be up just about one point or so. Meantime the Dow Jones Industrials prized higher and then the tech heavy nasdaq, were looking at declines a little bit by maybe half a point or so. Lets check in on european markets first. Im get too excited arent i . James bond, the premiere last night and we have casino opening in macau to way ahead of myself here. Were not going anywhere today the cac 40 down by a third of 1 . The german dax on a four day winning streak giving back some of that so we could see the end of this today. And the ftse 100 seeing losses of a third. Its over to you now, right, wilf. Indeed. Yes
To y welcome manus welcome to countdown. Anna commodities a big theme. By some concern investors around the highyield markets in the u. S. The junkbond ecf close at a sixyear low. We talked about highyield bonds and the spread has been whitening. Widening. Now the Goldman Sachs event expressing concern. Talking about real carnage in junkbond market. Markets. They say they have the most Investment Opportunities since lehman collapsed. Manus it worries me when you have a Major International when you talk about this junkbond or these high yields, when you look at the oil industry a big portion the yields are rising to the highest level since 2009. That goes back to the conversation we had yesterday, a lot of restructuring. A lot of expense to repay the 1. 5 trillion that is the size of the u. S. Junkbond. News. Lets the first word reporter Chinese Consumer inflation Beat Estimates. Cpi November Rose 1. 5 year on year. The Producer Price index fell 5. 9 , extending declines. Meanwhile, the